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Cable Update (GBPUSD)

  • #572,381
  • Jan 17, 2021 3:21am Jan 17, 2021 3:21am
This is a forum to learn. No human is infallible, everyone has an opinion, so try to uplift rather than push down. Everyone that posts is brave enough to be wrong and share their thoughts.
  • #572,382
  • Jan 17, 2021 3:28am Jan 17, 2021 3:28am
Higher highs have been seen since October 2020... And it has to end at a point in time.

Failure to break 1.3450 is certain invitation of 1.3880/1.3930 within two to three weeks before final uninterrupted fall to 1.3060 area before or by March ending.

Watch 1.3450 area with close interest.
Data + Stat + Risk/Emotions Management
  • #572,383
  • Jan 17, 2021 3:45am Jan 17, 2021 3:45am
Quoting Marbas
{quote} You gave the two-way forecast. Yeap this is very hard to predict the price when it can go up or down )) Ahaha Try to not praise yourself dude. Just make one-way forecast next time.
Dude, it’s called PROBABILITY which is what forex trading is all about.
Lost....
  • #572,384
  • Jan 17, 2021 4:06am Jan 17, 2021 4:06am
sell from level given at time indicated
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twitter: @gettoefl
  • #572,385
  • Jan 17, 2021 4:08am Jan 17, 2021 4:08am
Looking at higher TF’s and adding the fundamental part which is UK current economic situation, cable is expected to tank soon, now the question is, will we see a new high to trap traders and the tank or has the real move started already considering we have seen a double top?
I will stay cautious next week, my initial plan is to buy around 1.3550-40 for 40-50 pips and then see market reaction
im favouring the bears for this coming week and expecting a break of 1.3425
Lets see how would it go, should be an interesting decisive week
  • #572,386
  • Jan 17, 2021 4:47am Jan 17, 2021 4:47am
Quoting Georginson
Higher highs have been seen since October 2020... And it has to end at a point in time. Failure to break 1.3450 is certain invitation of 1.3880/1.3930 within two to three weeks before final uninterrupted fall to 1.3060 area before or by March ending. Watch 1.3450 area with close interest.
Hi mate, that 3450 area is a prev 4hr/dly swing lo zone =prev supp = pot supp leading down to it as the current mthly lo. 5 fibs of the major swing lo's to 3711 swing hi moves in that zone, with 50% 3133-3711 just below @ 3447. There is also another prev dly sw lo zone below it to the minor dly swing lo @ 3429. Mthly pivot is @/around 3494 and there will be doubtless a wkly/dly pivot (s) in that zone too next week. Dly below.
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Trader with an Edge.
  • #572,387
  • Jan 17, 2021 5:38am Jan 17, 2021 5:38am
It is still not late to add short, no fundamental to support pound and.a waken up in US dollar will lead to a big soon. Sell from 1.37 tp: 1.32
Damage
  • #572,388
  • Jan 17, 2021 7:53am Jan 17, 2021 7:53am
Two things I will be watching next week, stocks may fall with the dollar or stocks may rise with the dollar, i would only buy Gu if the indexes falls with dollar.
And if there is a world crisis, the dollar has a lot of space to rise and reach the highest increase ever, I see an M forming in the dollar but it will all depend on the market cycle, and if it doesn't happen this year I hope more time....
Country debts have increased and people need to get out of the bubble and see the reality.
  • #572,389
  • Jan 17, 2021 7:55am Jan 17, 2021 7:55am
New Bearish SW formed on Dtf. so we should expect another day of sells
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First sell target: 1.3500
Le$$ I$ More
  • #572,390
  • Jan 17, 2021 8:27am Jan 17, 2021 8:27am
Quoting Roszey
New Bearish SW formed on Dtf. so we should expect another day of sells {image}First sell target: 1.3500
watch out for the 1.35383 level
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yes yes yes
  • #572,391
  • Jan 17, 2021 8:51am Jan 17, 2021 8:51am
Moty and Roszey are talking about support on the daily, I beleive support will come from the weekly and monthly. Let’s wait and see, time will dictate direction and reaction.
  • #572,392
  • Jan 17, 2021 9:15am Jan 17, 2021 9:15am
Quoting Moty
{quote} watch out for the 1.35383 level {image}
You are Moty, there is SW zone there also
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Le$$ I$ More
  • #572,393
  • Jan 17, 2021 10:54am Jan 17, 2021 10:54am
Hey guys,

Wondering if you could help me. I´m looking to download dukascopy historical data to my MT4 account but it seems that dukascopy have changed their way of providing the data in the CSV. files provided when downloading their data.

I´ve attached a picture of the CSV file i was able to get off their website.

Would be great if you could help as it doesnt seem like i can import this data into my MT4 history folder as its only showing bid and ask prices..

Thanks a bunch!
Anthony
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  • #572,394
  • Jan 17, 2021 10:58am Jan 17, 2021 10:58am
Quoting Wavegarrick
{quote} Hi Shahab, This can absolutely work for me with subtle bearish hints from a 4hr perspective. A retrace to your projected area and who knows?. We could have a nice move to the downside. Thanks again for your valuable input. Cheers. {image}
Hi Guys,
Here's the thing for me. I stick with my system and will absolutely not deviate from it, whether I am wrong or not. From a cyclic point of view and time-based I do believe that Gu is due for a decent correction to the downside but of course not cast in stone. From the 20th to the end of the month we could see a decent retrace whether due to profit taking or whatever, it is just an observation over the years.
I would like to see Bulls go higher overall as I am in the Bull camp from a bigger picture. I just don't think it will come in a straight line.
So this is what I will be looking out for in the coming week. A retest of my round number at 1.36000 or above towards 1.36152, but most importantly my daily closes which must close below 1.3600. A solid break above and more importantly above 1.36500 will negate my short-term bearish bias.
I wish you all a great week.
Cheers.
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Trade to trade another day
  • #572,395
  • Jan 17, 2021 11:16am Jan 17, 2021 11:16am
1.37 is hard, bull are trying hard but could not break it.
On the other side, bears don't make strong argument.

Lets see..

T.S
S.S
  • #572,396
  • Jan 17, 2021 11:28am Jan 17, 2021 11:28am
Quoting anto92210
Hey guys, Wondering if you could help me. I´m looking to download dukascopy historical data to my MT4 account but it seems that dukascopy have changed their way of providing the data in the CSV. files provided when downloading their data. I´ve attached a picture of the CSV file i was able to get off their website. Would be great if you could help as it doesnt seem like i can import this data into my MT4 history folder as its only showing bid and ask prices.. Thanks a bunch! Anthony {image}
Hi, I think you need to select time interval instead of ticks on Dukascopy
Air force
  • #572,397
  • Jan 17, 2021 11:42am Jan 17, 2021 11:42am
Quoting Georginson
Higher highs have been seen since October 2020... And it has to end at a point in time. Failure to break 1.3450 is certain invitation of 1.3880/1.3930 within two to three weeks before final uninterrupted fall to 1.3060 area before or by March ending. Watch 1.3450 area with close interest.
Prophet G, I will be watching with keen and close interest!
  • #572,398
  • Jan 17, 2021 12:42pm Jan 17, 2021 12:42pm
Quoting Waveskierrob
{quote} Many thanks
sorry I think we are coming down on Monday thx
  • #572,399
  • Jan 17, 2021 12:52pm Jan 17, 2021 12:52pm
monday candle probability of closing bull......

lets us see who's strategy going to win .............

All praise goes to God, Glory to God.................
  • #572,400
  • Jan 17, 2021 12:59pm Jan 17, 2021 12:59pm
Quoting maheeee
monday candle probability of closing bull...... lets us see who's strategy going to win ............. All praise goes to God, Glory to God.................
You're invisible giant who lives in the sky has nothing todo with forex (actually he doesn't exist so has nothing todo with anything lol)
A fool and his money are easily parted
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