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Cable Update (GBPUSD)

  • #572,441
  • Jan 18, 2021 12:42am Jan 18, 2021 12:42am
Quoting eastrader
Target short for me {image}
Hope will reach target.

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wise man say, only fools rush in
  • #572,442
  • Jan 18, 2021 12:46am Jan 18, 2021 12:46am
Quoting Moty
{quote} HERE it comes {image}
Just a bit longer for me if it sets up!
Don't trade what you think. Just what you see!!!
  • #572,443
  • Jan 18, 2021 12:54am Jan 18, 2021 12:54am
G/M,

Pretty much strong selling in London session so far, and a downside follow thru on Friday's daily bearish thrust candle....challenging the prev 1hr/4hr sw hi zone = prev supp = pot rbs down to likely 3525. 4hr below...not all relevant fibs shown on this chart.
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Trader with an Edge.
  • #572,444
  • Jan 18, 2021 12:55am Jan 18, 2021 12:55am
Quoting Wavegarrick
USDX giving me 4 hourly bullish confirmation signals, probably needs a retrace before I consider it a valid entry. More relevant to EurUsd. Just saying. Take care. {image}
Hi Guys,
For those of you tracking the dollar index. It has had a nice run-up since my last post on the 7th of Jan 2021. What I like about it, is that it has been giving nice clean clear signals. I believe that 91.00 could be in the pipeline shortly and more importantly the all-important year-long descending trendline. Much will be determined here. A clean break above the descending trendline could give us a nice bull run but also a good bounce back down. All eyes on this for me.
All the best.
Cheers.
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Trade to trade another day
  • #572,445
  • Jan 18, 2021 12:58am Jan 18, 2021 12:58am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #572,446
  • Edited 1:15am Jan 18, 2021 12:58am | Edited 1:15am
...3506-11 is a 5 fib cluster.
Trader with an Edge.
  • #572,447
  • Jan 18, 2021 1:01am Jan 18, 2021 1:01am
Agreed. Price is heading for 1.3500 Level.
Fools Rushing
  • #572,448
  • Jan 18, 2021 1:01am Jan 18, 2021 1:01am
The price reached MA200 on H3.
Risk Management is of utmost importance!
  • #572,449
  • Jan 18, 2021 1:08am Jan 18, 2021 1:08am
Quoting Moty
{quote} HERE it comes {image}
CAUTION, Moty! The bears seem to be in control, this day/week.
Time will tell!
  • #572,450
  • Jan 18, 2021 1:09am Jan 18, 2021 1:09am
the twin brother is on his way up
i wanted to take it for 70 pips , but i am fully margin at the gu and eu
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goldi for 15 points
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yes yes yes
  • #572,451
  • Jan 18, 2021 1:11am Jan 18, 2021 1:11am
Quoting Pretense
How I'm looking at it. 1.353 I may take my earnings for the night and go to bed. Think we may go back to 1.349 before a bounce though {image}
Going to bed, took my 50 pips profit off the table. and a buy limit entered for 1.3485 with a 15 pip SL. good night and good pips to all
  • #572,452
  • Edited 2:11am Jan 18, 2021 1:17am | Edited 2:11am
cad close to resistance 1 2800 swissy has pierced resistance 8920 eu support 2058 kiwi support 7100 aussie 7660 all daily tf,s psych or previous daily lows of hight depending which pr, cable is midair 3500 is still target very interesting pa presently
If you are new to Forex? Say Goodbye to your account!!
  • #572,453
  • Jan 18, 2021 1:21am Jan 18, 2021 1:21am
Quoting RCtrader
The price reached MA200 on H3.
3hr is not a t/f that many look at so in a sense it is irrelevant re potential supp/res...you would be better to look at t/f's that a lot of the market watch - ie 1hr, 4hr, daily etc..
-------------------------------------------

20/50/100 ema crosses at the moment are as below;
Attached Image
Trader with an Edge.
  • #572,454
  • Jan 18, 2021 1:22am Jan 18, 2021 1:22am
Quoting KiwiTrada
cad close to resistance 1 2800 swissy has pierced resistance 2920 eu support 2058 kiwi support 7100 aussie 7660 all daily tf,s psych or previous daily lows of hight depending which pr, cable is midair 3500 is still target very interesting pa presently
and geppy miss by 2 pip 140 31 previous dailly low so possible attack on usd for cable presently how big who knows, again safest is sideline or look to sell the bounce because long was 140 31 previous daily low
If you are new to Forex? Say Goodbye to your account!!
  • #572,455
  • Jan 18, 2021 1:25am Jan 18, 2021 1:25am
Quoting Headland
{quote} 3hr is not a t/f that many look at so in a sense it is irrelevant re potential supp/res...you would be better to look at t/f's that a lot of the market watch - ie 1hr, 4hr, daily etc.. ------------------------------------------- 20/50/100 ema crosses at the moment are as below; {image}
Good observation there, Headland!
  • #572,456
  • Jan 18, 2021 1:25am Jan 18, 2021 1:25am
the be is coming
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yes yes yes
  • #572,457
  • Jan 18, 2021 1:40am Jan 18, 2021 1:40am
dx is coming to his drop point
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yes yes yes
  • #572,458
  • Jan 18, 2021 1:41am Jan 18, 2021 1:41am
Quoting Moty
the be is coming {image} {image}
Just a little pullback before crossing the border - 1.35000 and
going real down, down and down! In mho!
  • #572,459
  • Jan 18, 2021 1:48am Jan 18, 2021 1:48am
Quoting BeeTogether
Although the bears looks as if they are in town, all the IG signals are showing GBP long across various pairs... with that I’m still long
Hi thanks for that ......Which pairs??
  • #572,460
  • Jan 18, 2021 1:50am Jan 18, 2021 1:50am
if it rises just keep sell it

rinse repeat

buy dollar on dip
Make money by doing the opposite of Giveachance aka loser
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