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Cable Update (GBPUSD)

  • #574,281
  • Jan 27, 2021 12:06am Jan 27, 2021 12:06am
3 biz days left till the Jan'21 close.
Me thinks we go nicely up and then down (for the closing wick).
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Maadik Hugiis. IQ 69.
  • #574,282
  • Jan 27, 2021 12:10am Jan 27, 2021 12:10am
Quoting MoneyZilla
3 biz days left till the Jan'21 close. Me thinks we go nicely up and then down (for the closing wick). {image}
Looks similar to my chart below.
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  • #574,283
  • Jan 27, 2021 12:12am Jan 27, 2021 12:12am
the drop is coming
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yes yes yes
  • #574,284
  • Jan 27, 2021 12:20am Jan 27, 2021 12:20am
Quoting fxmasterdxb
{quote} 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
I too am watching closely, more the confluence of previous high and 200sma, TL,s can be very subjective and hard to take as accurate, ma,s similar they are fluid and always changing, time will tell!! the previous weekly high is 18pips so getting close enough for me to start building a position
If you are new to Forex? Say Goodbye to your account!!
  • #574,285
  • Jan 27, 2021 12:28am Jan 27, 2021 12:28am
Quoting KiwiTrada
{quote} I too am watching closely, more the confluence of previous high and 200sma, TL,s can be very subjective and hard to take as accurate, ma,s similar they are fluid and always changing, time will tell!! the previous weekly high is 18pips so getting close enough for me to start building a position
levels of interest cable for me still 3772 and 3745 pa now 3745 (monthly levels ) all tf,s 30min up to weekly bullish monthly is bearish
If you are new to Forex? Say Goodbye to your account!!
  • #574,286
  • Jan 27, 2021 12:40am Jan 27, 2021 12:40am
...rejection of the current dly hi zone at 1st attempt. How strong are the bulls now? 1hr below.
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Trader with an Edge.
  • #574,287
  • Jan 27, 2021 12:44am Jan 27, 2021 12:44am
Quoting Headland
...rejection of the current dly hi zone at 1st attempt. How strong are the bulls now? 1hr below. {image}
I think strong enough to break the high, give it one to two hours max and the high will be broken
  • #574,288
  • Jan 27, 2021 12:59am Jan 27, 2021 12:59am
Quoting fxmasterdxb
{quote} I think strong enough to break the high, give it one to two hours max and the high will be broken
Given y/day's daily candle and the last 4hr candle close (gmt+2 4hr candle) I tend to agree that the bias is to the upside presently. 4hr below. As we have both mentioned in posts above, there are still potential obstacles (aren't there always, lol!) leading to 3790 being the first, if current 3752 dly hi breaks.
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Trader with an Edge.
  • #574,289
  • Jan 27, 2021 1:04am Jan 27, 2021 1:04am
Everyone is saying that GBP will be up but everyone has taken short entry.
  • #574,290
  • Jan 27, 2021 1:12am Jan 27, 2021 1:12am
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  • #574,291
  • Jan 27, 2021 1:13am Jan 27, 2021 1:13am
Quoting montygoldy
{quote} as i feared it looks like ...daily wants to close strong...... i have reduce tp on my shorts to 1.37250.... which is a bit above break even.......lets see
Just woke up n missed my BE on my shorts... waiting till next hour to close my shorts to get better price....
Extreme gut feeling trader
  • #574,292
  • Jan 27, 2021 1:14am Jan 27, 2021 1:14am
bye bye mister eg .
y's low is broken , and we way below the neck line
the spike in the gu is immanent
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yes yes yes
  • #574,293
  • Jan 27, 2021 1:20am Jan 27, 2021 1:20am
Quoting Moty
bye bye mister eg . y's low is broken , and we way below the neck line the spike in the gu is immanent {image} {image}
I have CL my sell order for GBP/USD and GBP/JPY.

Will enter when it goin bearish again, right now im gonna hold to see the pattern
Goodluck Moty~
fflush was here
  • #574,294
  • Jan 27, 2021 1:21am Jan 27, 2021 1:21am
Quoting montygoldy
{quote} Just woke up n missed my BE on my shorts... waiting till next hour to close my shorts to get better price....
reverse now .
next hour it will break y's high , and it will be all over
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yes yes yes
  • #574,295
  • Jan 27, 2021 1:25am Jan 27, 2021 1:25am
Quoting fflush
{quote} I have CL my sell order for GBP/USD and GBP/JPY. Will enter when it goin bearish again, right now im gonna hold to see the pattern Goodluck Moty~
look for a buy when next hourly candle high break , and trail the stop below the previous candle
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yes yes yes
  • #574,296
  • Jan 27, 2021 1:26am Jan 27, 2021 1:26am
Quoting Theoak
Long in at 1.3736 first target 1.3746 , second target 1.3754 {image}
First target hit. Waiting for nice retrace to re-enter for second target
Don't trade what you think. Just what you see!!!
  • #574,297
  • Jan 27, 2021 1:34am Jan 27, 2021 1:34am
Quoting maheeee
{quote} Power of candle closing strategy invented by me ,only startegy in the world to predict tomorrow..... Many people closed buy orders today morning bcos of market price went down in morning, but market reversed to rise not only price but also Candle closing strategy .. thanks to people who confident on my strategy
Thanks brother for help. Really appreciated.
  • #574,298
  • Jan 27, 2021 1:34am Jan 27, 2021 1:34am
... steepest 1hr asc t/line under attack as sellers emerge again in the prev 1hr sw hi zone = prev rev = pot res to 3752. 1hr below.
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Trader with an Edge.
  • #574,299
  • Jan 27, 2021 1:35am Jan 27, 2021 1:35am
no selling before R1 in my opinion.
Intraday only.
  • #574,300
  • Jan 27, 2021 1:36am Jan 27, 2021 1:36am
Quoting Theoak
{quote} First target hit. Waiting for nice retrace to re-enter for second target
For me immediate entry level is around 3710 and 3640. if it breaks below 3600 i will prefer to exit
Target 3825
The Phoenix Trader....
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