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Cable Update (GBPUSD)

  • #574,261
  • Jan 26, 2021 8:02pm Jan 26, 2021 8:02pm
Quoting Moty
{image}{image}
Moty, GBP/USD based on dollar index.

But what about eur/gbp?

Hope gbp/usd dropp sooon to 1.3700
fflush was here
  • #574,262
  • Jan 26, 2021 8:04pm Jan 26, 2021 8:04pm
Quoting Headland
...strong upside day after the initial fall to 23.6% 3188-3746 and the now likely daily lo. Almost certainly too now a bullish daily candle close in the making, if not a bullish hammer? Time will tell. Top of the prev 1hr/4hr/dly sw hi = prev res = pot res zone to 3746 providing the supply so far. This zone is co-existant with a prev dly/wkly/mthly sw lo zone = prev supp = pot sbr that started @ 3711 and extends to circa 3752 on dly, and likely 3790 on wkly. 3742 is the 78.6% 4376-1411, 3775 = Wkly R1, and 3790 = 138.2% extension of...
This is the current uptrend/dly hi....sellers encountered here. Near-term pot supp/rbs shown on 1hr below...obviously there are more fibs of major swing lo's to the current 3752 hi, (not shown on 1hr below.)
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  • #574,263
  • Jan 26, 2021 8:15pm Jan 26, 2021 8:15pm
Quoting Moty
{quote} {image}
i love very much your prediction and forecast for GOLD
  • #574,264
  • Jan 26, 2021 8:27pm Jan 26, 2021 8:27pm
Quoting Konichiwhaat
{quote} ... see what I did too, 1985, Great Scott... I'm such a nerd! Hey Kiwi Trader, looks like you trade using simple price action, am I right? If so, I like it!
we are all nerd here, never listen to me just my thoughts, many looking for 10 - 20 pips, Im looking for much more per trade, need a position before london, watch mainly day timeframes and anything under 20-30 pips barely show
If you are new to Forex? Say Goodbye to your account!!
  • #574,265
  • Jan 26, 2021 8:33pm Jan 26, 2021 8:33pm
cad hasa taken a flyer will push gold south some more, paradox is if she is rejected by 23fib or 2735 could start to print a H&S (dont want that) she held by hrly 50fma also previous hrly high 2715 looking to punch higher much higher infact to challenge previous daily highs 2778
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  • #574,266
  • Jan 26, 2021 9:21pm Jan 26, 2021 9:21pm
GU

Waiting for bounce set up multiple TF Combo with SNR.

H4 SNR zone
M30 set up for long entry.

Any comment are welcome for educational purposes only.

Thanks

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  • #574,267
  • Jan 26, 2021 9:32pm Jan 26, 2021 9:32pm
Quoting Sang.Real
GU Waiting for bounce set up multiple TF Combo with SNR. H4 SNR zone M30 set up for long entry. Any comment are welcome for educational purposes only. Thanks {image} {image}

GU

Meanwhile waiting for L.O.

I scalp a bit with minimum SL & TP as shown in foresight chart.

Any constructive comment welcome for educational purposes.

Thanks again.
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  • #574,268
  • Jan 26, 2021 9:39pm Jan 26, 2021 9:39pm
standard trend trade!!! 3745 3772 are monthly levels 3700 is psych level you could consider shorting to your level, then long your level presently 3745 is holding with very cheap sl???
If you are new to Forex? Say Goodbye to your account!!
  • #574,269
  • Jan 26, 2021 9:48pm Jan 26, 2021 9:48pm
Quoting fxmasterdxb
{quote} Well initially 1.37, i might take half and let the other half to my actual target which is 1.38ish
Are you still holding? I think it wont go up anymore today? Will go below before goin to 1.38
fflush was here
  • #574,270
  • Jan 26, 2021 10:07pm Jan 26, 2021 10:07pm
Quoting KiwiTrada
standard trend trade!!! 3745 3772 are monthly levels 3700 is psych level you could consider shorting to your level, then long your level presently 3745 is holding with very cheap sl???
geppy, weekly, previous high 142 69 falling tl 200sma all converging, may be worth an eyebal,l that high was strongly rejected by bears, question is are they still there, best option is wait and see, confirmation candle then maybe enter, for me rr is pretty good, sl small, 1 will defend it building a position soon, if it crawls up close, generally london reverses asia pacific pa, so might just turn out ok trade, if it breaks it wont be pretty, with a nice strong surge north, I will be wrong and get stopped, inversely it would be silly to long into resistance, for me no brainer???
Attached Image (click to enlarge)
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  • #574,271
  • Jan 26, 2021 10:25pm Jan 26, 2021 10:25pm
  • #574,272
  • Edited 10:53pm Jan 26, 2021 10:36pm | Edited 10:53pm
... pullback reaches top of prev 1hr/4hr swing hi zone =prev res=pot (potential) rbs, now also a prev 1hr sw lo zone where it acted as rbs before = prev supp = pot supp. 1hr below. Some buyers there - small bounce so far.

... depending on today's daily candle - yesterday's 3609 lo could well turn out to be a 5th consecutive HL in the dly's general fractal uptrend. The current 3752 or higher will be a 3rd consecutive HH when it forms fractally. Dly is below the 1hr.

This prev dly/wkly/mthly sw lo zone = prev supp = pot sbr that started at 3711 extends to circa 3790 on the wkly and in it, Wkly R1 @ 3775, Dly R1 @ 3783 then 3790 = 138.2% extension of last mthly sw hi-lo. So, could still see some sellers even if the current 3752 dly hi breaks to the upside.
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Trader with an Edge.
  • #574,273
  • Jan 26, 2021 11:04pm Jan 26, 2021 11:04pm
Quoting Sang.Real
{quote} GU Meanwhile waiting for L.O. I scalp a bit with minimum SL & TP as shown in foresight chart. Any constructive comment welcome for educational purposes. Thanks again. {image}
Hi Sang,

have you noticed that the trades you take on GU before London open usually work out well?

Maybe you should consider trading GU only during this time.

I also have 1.3696 as a level of interest for today.
  • #574,274
  • Jan 26, 2021 11:09pm Jan 26, 2021 11:09pm
so "maheen aaapa" what's today closing candle in GU
  • #574,275
  • Jan 26, 2021 11:19pm Jan 26, 2021 11:19pm
Quoting fflush
{quote} Are you still holding? I think it wont go up anymore today? Will go below before goin to 1.38
Closed yesterday
i think it will get to 1.38 today
  • #574,276
  • Jan 26, 2021 11:21pm Jan 26, 2021 11:21pm
Quoting KiwiTrada
{quote} geppy, weekly, previous high 142 69 falling tl 200sma all converging, may be worth an eyebal,l that high was strongly rejected by bears, question is are they still there, best option is wait and see, confirmation candle then maybe enter, for me rr is pretty good, sl small, 1 will defend it building a position soon, if it crawls up close, generally london reverses asia pacific pa, so might just turn out ok trade, if it breaks it wont be pretty, with a nice strong surge north, I will be wrong and get stopped, inversely it would be silly to...
I have this trendline drawn in geppy since weeks now, waiting patiently to be hit! Now that we are there i will look closely for reversal hints to take the short
Edit: as per my chart we still have approx 50 more pips to hit the trendline, so will wait a bit longer
  • #574,277
  • Jan 26, 2021 11:54pm Jan 26, 2021 11:54pm
buy buy buy
i was lucky to get from my short positions at be in the middle of the Asian session
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yes yes yes
  • #574,278
  • Jan 26, 2021 11:57pm Jan 26, 2021 11:57pm
Quoting fxmasterdxb
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
So I have right so far about:
low being in 20’s
consolidation throughout yesterday night and today’s asian session
no retracement

Im expecting next:

Price to push to 1.38 without any retracement
Probably between the last hour of asian session or first hour of london PA should start moving north
Daily candle will close red or green with a small body, i would say somewhere between 1.3755-1.3715

Lets see how the day rolls out, wish you all the best
  • #574,279
  • Jan 27, 2021 12:01am Jan 27, 2021 12:01am
today daxi will pay me
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bears trap , carefull
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yes yes yes
  • #574,280
  • Jan 27, 2021 12:02am Jan 27, 2021 12:02am
.. new ascending t/line on 1hr now..below. Last 1hr close very bullish off the previous doji - ish candle
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