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Cable Update (GBPUSD)

  • #571,621
  • Jan 13, 2021 12:40am Jan 13, 2021 12:40am
False break
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yes yes yes
  • #571,622
  • Jan 13, 2021 1:10am Jan 13, 2021 1:10am
Quoting Theoak
The markets tend to like round numbers so 1.3700 target, must wait for short term momentum set up... first. Will probl go down to 1.3272 before going north... must wait On the daily it has the potential for 1.3775 {image} {image}
Don't like the 4 hr Doji, but lets give it a go!!!

Long in at 1.3680 target 1.3700 sl 1.3670
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Don't trade what you think. Just what you see!!!
  • #571,623
  • Jan 13, 2021 1:11am Jan 13, 2021 1:11am
The drop is coming?!?!?!?
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yes yes yes
  • #571,624
  • Jan 13, 2021 1:13am Jan 13, 2021 1:13am
Quoting Moty
The drop is coming?!?!?!? {image}
absolutely
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #571,625
  • Jan 13, 2021 1:16am Jan 13, 2021 1:16am
Quoting Moty
The drop is coming?!?!?!? {image}
Hi M,

I think not. Not yet.. Maybe new HIGH
  • #571,626
  • Jan 13, 2021 1:28am Jan 13, 2021 1:28am
Quoting JayBag
{quote} Hi M, I think not. Not yet.. Maybe new HIGH
hi J, i'm pessimistic about new high, even if we get one, few pips max.. GBP is going for a real correction, real big IMHO.
the chart not showing signs of it right now.
  • #571,627
  • Jan 13, 2021 1:36am Jan 13, 2021 1:36am
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yes yes yes
  • #571,628
  • Jan 13, 2021 1:37am Jan 13, 2021 1:37am
Quoting Theoak
{quote} Don't like the 4 hr Doji, but lets give it a go!!! Long in at 1.3680 target 1.3700 sl 1.3670 {image}
Bingo Bongo out + 19 pips

This will prob go more, but don't get gready.
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Don't trade what you think. Just what you see!!!
  • #571,629
  • Jan 13, 2021 1:42am Jan 13, 2021 1:42am
Time to go down from here
  • #571,630
  • Jan 13, 2021 1:53am Jan 13, 2021 1:53am
Turned to long and sl+ already not sure about TP
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  • #571,631
  • Jan 13, 2021 1:56am Jan 13, 2021 1:56am
Quoting gatenio
{quote} hi J, i'm pessimistic about new high, even if we get one, few pips max.. GBP is going for a real correction, real big IMHO. the chart not showing signs of it right now.
Bro, It’s quite the opposite for me..I am very optimistic about a new aggressive HIGH.. I think a quick run for 1.3900 to flush out last standing/weak bears then maybe begin the real correction.. until the mentioned level, no real correction. Scalp bears could play but nothing major IMO

Lets see how it plays out
  • #571,632
  • Jan 13, 2021 2:02am Jan 13, 2021 2:02am
Quoting JayBag
{quote} Bro, It’s quite the opposite for me..I am very optimistic about a new aggressive HIGH.. I think a quick run for 1.3900 to flush out last standing/weak bears then maybe begin the real correction.. until the mentioned level, no real correction. Scalp bears could play but nothing major IMO Lets see how it plays out
like my last chart here, i told you 1.38 and then the price drop to 1.345, maybe it 4th wave.
i don't know, 1.372-1.375 will be very hard to crack..

GBP showing overbought conditions on my 4h cs-index, rare!
  • #571,633
  • Jan 13, 2021 2:14am Jan 13, 2021 2:14am
Quoting gatenio
{quote} like my last chart here, i told you 1.38 and then the price drop to 1.345, maybe it 4th wave. i don't know, 1.372-1.375 will be very hard to crack.. GBP showing overbought conditions on my 4h cs-index, rare!
The real correction should even go below your 1.38. I agree but we don't have the HIGH for it yet

The idea of 1.3900 should happen like a Fakey. (Meaning a quick run there, then rush back to close below 1.37146) If it happens like this, then the real correction might take place. I don't just see anything else before the horse kick
  • #571,634
  • Jan 13, 2021 2:22am Jan 13, 2021 2:22am
what a stubborn bull
  • #571,635
  • Jan 13, 2021 2:31am Jan 13, 2021 2:31am
Quoting JayBag
{quote} The real correction should even go below your 1.38. I agree but we don't have the HIGH for it yet The idea of 1.3900 should happen like a Fakey. (Meaning a quick run there, then rush back to close below 1.37146) If it happens like this, then the real correction might take place. I don't just see anything else before the horse kick
If we break 1.37 hourly close above i'm with you to 1.39. Till we do though, Have to go with ol classic resistance reversal, probably to 1.358
  • #571,636
  • Jan 13, 2021 2:39am Jan 13, 2021 2:39am
Quoting Pretense
{quote} If we break 1.37 hourly close above i'm with you to 1.39. Till we do though, Have to go with ol classic resistance reversal, probably to 1.358
And this is fair enough
let's see

SS
  • #571,637
  • Jan 13, 2021 2:40am Jan 13, 2021 2:40am
Quoting maheeee
what a stubborn bull
At least we see a bears power
yes yes yes
  • #571,638
  • Jan 13, 2021 2:46am Jan 13, 2021 2:46am
Just looked at the charts and in my view... we are in for a ranging day... so I'm out!! Good luck to all the scalpers...I think it is going to be your day for sure!!!!
Don't trade what you think. Just what you see!!!
  • #571,639
  • Jan 13, 2021 2:47am Jan 13, 2021 2:47am
Quoting Theoak
Just looked at the charts and in my view... we are in for a ranging day... so I'm out!! Good luck to all the scalpers...I think it is going to be your day for sure!!!!
If you see the range why not play the range? Ping pong can be fun
  • #571,640
  • Jan 13, 2021 2:54am Jan 13, 2021 2:54am
Morning all, the hourly chart is showing a bearish situation, also sitting at a double top, outer boundary not connected, currently 1.37135 that said previous price never connected but retraced down, my guess is I'm waiting for the outer to connect before any short position or a possible paced move (spike), D
I don't need to be good at the game, only good enough to beat my opponent,
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