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Cable Update (GBPUSD)

  • #574,181
  • Jan 26, 2021 12:22pm Jan 26, 2021 12:22pm
Quoting palpite
100% candle green tomorrow {image}
if you know it 100%, you are billionaire already
  • #574,182
  • Jan 26, 2021 12:23pm Jan 26, 2021 12:23pm
Quoting eurolinux
{quote} Hey Moty ....how can you be so certain ?
i dunno, i have sell at 1.3734
  • #574,183
  • Jan 26, 2021 12:25pm Jan 26, 2021 12:25pm
Quoting Moty
{image}
yes, it would be nice
  • #574,184
  • Jan 26, 2021 12:30pm Jan 26, 2021 12:30pm
Quoting Wavegarrick
{quote} Hi Guys, It has been a case of rinse and repeats for me. The important level here at 1.36327 which is the 50% Fib retrace of the last up move. It can go either way here. Bears will hope to break the ascending trend line which could send us down towards my weekly support 1 at 1.35547. Bulls would want to bounce here to send the pair higher. Nevertheless, all sell trades locked in and price must do what it has to. Have a great day. Cheers. {image}
Hi Guys, what really worries me about this pair is that bearish divergences are building up, Be careful with buy trades, Gu is moving up with 50 pips or so on a weekly basis but the drops are becoming bigger. Difficult currency to trade at the mo. Ranging of course and not a swing traders forte. I have my eyes on shorts here but will carefully assess.
Cheers.
Trade to trade another day
  • #574,185
  • Jan 26, 2021 12:38pm Jan 26, 2021 12:38pm
Quoting Wavegarrick
{quote} Hi Guys, what really worries me about this pair is that bearish divergences are building up, Be careful with buy trades, Gu is moving up with 50 pips or so on a weekly basis but the drops are becoming bigger. Difficult currency to trade at the mo. Ranging of course and not a swing traders forte. I have my eyes on shorts here but will carefully assess. Cheers.
Thanks for this, and I agree fundamentally up move only supported by ECB exchange interference. EG looking too weak while EU holding it's place so GU compensating in the form of rise. Market is absorbing $1.9T package what I see. obviously it's me speculating.
  • #574,186
  • Edited 12:55pm Jan 26, 2021 12:41pm | Edited 12:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 22 KB
Attached Image (click to enlarge)
Click to Enlarge Name: eg.png Size: 34 KB
yes yes yes
  • #574,187
  • Jan 26, 2021 12:42pm Jan 26, 2021 12:42pm
Quoting Wavegarrick
{quote} Hi Guys, what really worries me about this pair is that bearish divergences are building up, Be careful with buy trades, Gu is moving up with 50 pips or so on a weekly basis but the drops are becoming bigger. Difficult currency to trade at the mo. Ranging of course and not a swing traders forte. I have my eyes on shorts here but will carefully assess. Cheers.
Hello Garrick, the pair has been making higher highs and it's definitely coming to the end but as I posted earlier, bears need to take out 1.3580 for the upside pressure to end. All I see at this point in time is price will not rest until it touches 1.3850/1.3880 area which looks set to happen this week.

February looks like a clean sell to 1.33 area once price closes bullish this January.

I may be wrong but that's what I see.

Cheers.
Data + Stat + Risk/Emotions Management
  • #574,188
  • Jan 26, 2021 12:43pm Jan 26, 2021 12:43pm
Quoting palpite
{quote} You sold gu. Let's see, sell stop - 1.3712
deleted
Together we can be strongest
Vantage Return This Month: na
  • #574,189
  • Jan 26, 2021 12:50pm Jan 26, 2021 12:50pm
Gold has to move higher than 1,878. Maybe gu will follow up, too?
Maadik Hugiis. IQ 69.
  • #574,190
  • Jan 26, 2021 12:57pm Jan 26, 2021 12:57pm
Quoting palpite
{quote} Let's buy it and place the stop loss + sell stop in 1.3720. What you think ?
no , i want to stay short and take profit at 1.37100-1.3700
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 41 KB
yes yes yes
  • #574,191
  • Jan 26, 2021 1:06pm Jan 26, 2021 1:06pm
Quoting MoneyZilla
Gold has to move higher than 1,878. Maybe gu will follow up, too?
I'm looking it too, 1850 is a strong support.
Together we can be strongest
Vantage Return This Month: na
  • #574,192
  • Jan 26, 2021 1:07pm Jan 26, 2021 1:07pm
Quoting maheeee
{quote} may be in ur dream.... hahahaha
Sometimes Dreams come True

Inserted Video
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-01-26 190606.png Size: 50 KB
Don't trade what you think. Just what you see!!!
  • #574,193
  • Jan 26, 2021 1:19pm Jan 26, 2021 1:19pm
Quoting Georginson
{quote} Hello Garrick, the pair has been making higher highs and it's definitely coming to the end but as I posted earlier, bears need to take out 1.3580 for the upside pressure to end. All I see at this point in time is price will not rest until it touches 1.3850/1.3880 area which looks set to happen this week. February looks like a clean sell to 1.33 area once price closes bullish this January. I may be wrong but that's what I see. Cheers.
Hi Georginson,
Thanks for your valuable input and analysis. 1.3880 is surely a point of interest and something to take note of. There is no right or wrong. It is how we trade it.
Cheers, Bud.
Trade to trade another day
  • #574,194
  • Jan 26, 2021 1:25pm Jan 26, 2021 1:25pm
i expected this move,and i stayed long,but i went out in the middle of it ,it was vertical up .Such vertical move ends very badly as usual.
  • #574,195
  • Jan 26, 2021 1:29pm Jan 26, 2021 1:29pm
Quoting palpite
{quote} I'm looking it too, 1850 is a strong support.
Crossed 1850.
Together we can be strongest
Vantage Return This Month: na
  • #574,196
  • Jan 26, 2021 1:30pm Jan 26, 2021 1:30pm
Long in at 1.3736 first target 1.3746 , second target 1.3754
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-01-26 193142.png Size: 43 KB
Don't trade what you think. Just what you see!!!
  • #574,197
  • Jan 26, 2021 1:34pm Jan 26, 2021 1:34pm
AB=CD implies a new high. This pattern has 70/30% win/loss ratios. The most important # is 1.3772... as always trade your plan.
Attached Image (click to enlarge)
Click to Enlarge Name: GU01.26.90M.png Size: 111 KB
Always trade your own plan...I don't provide trading signals.
  • #574,198
  • Jan 26, 2021 1:47pm Jan 26, 2021 1:47pm
Alright so before heading to bed i have been updating my chart, here is my view for the rest of today, tomorrow and rest of the week
today: no major retracement is expected, maximum 1.3720, expecting consolidation all the way to tomorrow’s asian session
tomorrow: breaking the high and heading all the way 1.3820-40 followed with a hard retracement
rest of the week: i see max price 1.39 followed with retracement to close below 1.37, maybe even lower
  • #574,199
  • Jan 26, 2021 1:51pm Jan 26, 2021 1:51pm
i predicted for today rise above 1.3680-90,and fall after .but it didnt happen but chart(my exists),maybe it will change tomorrow i dont know.I looked H4 chart.
  • #574,200
  • Jan 26, 2021 1:52pm Jan 26, 2021 1:52pm
Quoting Moty
{quote} no , i want to stay short and take profit at 1.37100-1.3700 {image}
MOTY do you even have a "BUY" button? Or it is not working? ))
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