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Cable Update (GBPUSD)

  • #574,701
  • Jan 28, 2021 2:37am Jan 28, 2021 2:37am
it might retrace upto 1.3630
My observation may be wrong but intent correct. Stay calm!
  • #574,702
  • Jan 28, 2021 2:42am Jan 28, 2021 2:42am
Quoting Yngwie
Small risk. Long 3643 SL 3623
Closed BE
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #574,703
  • Jan 28, 2021 2:43am Jan 28, 2021 2:43am
will she?

...go down
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-fxcm-australia-pty.png Size: 25 KB
dolce vita
  • #574,704
  • Jan 28, 2021 2:48am Jan 28, 2021 2:48am
M5 chart

Sell 3646

25 pip target
Attached Image
in wondering about yourself, you forgot what you came here to be part of
  • #574,705
  • Jan 28, 2021 2:49am Jan 28, 2021 2:49am
Quoting palpite
{quote} {quote} Beautilfull bull.
My area to buy was 1.3666-84. Was 1.3660 than up 1.3730. 70 pips up
After this I told you that is good for you to sell. Moty was bull in that moment. So?
  • #574,706
  • Jan 28, 2021 2:50am Jan 28, 2021 2:50am
Hmm 1.36100?
  • #574,707
  • Jan 28, 2021 2:50am Jan 28, 2021 2:50am
Quoting pipfarm
Just looking at the 15 min again and could be swing 5 so either way 3 or 5 a new low is on the cards around 3650 or lower

Spot on trade yesterday , swing low was just below 3650 , daily is moving into a correction so be careful longs
Follow The Markets Structure - Patience and Discipline
  • #574,708
  • Jan 28, 2021 2:55am Jan 28, 2021 2:55am
Quoting KiwiTrada
{quote} au already close to 76cent maybe even 7604 could cause wobble nu still grind thru 4 4hr lows and 1 daily low 7113 but they are doing nicely:-)
1 1/2 hrs later she is back with a thump, nu still grinding for 71cent, maybe today brit reveresal has no follow through asia pacific may have set the direction took 4hrs last night london open seems only 1 hr tonight?? maybe geppy cable bears looking very very good
If you are new to Forex? Say Goodbye to your account!!
  • #574,709
  • Jan 28, 2021 2:55am Jan 28, 2021 2:55am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 41 KB
yes yes yes
  • #574,710
  • Jan 28, 2021 3:01am Jan 28, 2021 3:01am
This baby is going down... only upwards if the pair go over the Daily pivot then possibly retrace towards 137 but highly unlikely considering the downward trend at the moment
Insane in the Brain..
  • #574,711
  • Jan 28, 2021 3:01am Jan 28, 2021 3:01am
The bears still need to clear 1.3580 to invalidate 1.38...
Data + Stat + Risk/Emotions Management
  • #574,712
  • Jan 28, 2021 3:05am Jan 28, 2021 3:05am
Ok long again 3635 SL 3620
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #574,713
  • Jan 28, 2021 3:07am Jan 28, 2021 3:07am
Quoting BeeTogether
This baby is going down... only upwards if the pair go over the Daily pivot then possibly retrace towards 137 but highly unlikely considering the downward trend at the moment
I think the time to buy is now.

I mentioned 1.3636 as one of the levels yesterday.

Price has touched it.

I expect some buying.
  • #574,714
  • Jan 28, 2021 3:09am Jan 28, 2021 3:09am
Quoting Georginson
The bears still need to clear 1.3580 to invalidate 1.38...
With the present momentum, the seemingly obstacle(1.3580) will be
cleared, hopefully this day or tomorrow!
  • #574,715
  • Jan 28, 2021 3:09am Jan 28, 2021 3:09am
Quoting Yngwie
Ok long again 3635 SL 3620
Rinse and repeat, great scalp (+ ?)

... price has entered the 4hr and dly spike part of the prev swing lo down to 3609. 4hr below. Could see more buyers emerge if price tests deeper?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: f6c6edde36992f82f02bd6b58cdcdd75.png Size: 35 KB
Click to Enlarge Name: 522900da4927432b33c3a55df119b037.png Size: 44 KB
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Trader with an Edge.
  • #574,716
  • Jan 28, 2021 3:14am Jan 28, 2021 3:14am
Bears are hungry
  • #574,717
  • Jan 28, 2021 3:17am Jan 28, 2021 3:17am
Quoting Headland
{quote} Rinse and repeat, great scalp (+ ?) ... price has entered the 4hr and dly spike part of the prev swing lo down to 3609. 4hr below. {image} {image} {image}
as long as green pips i think this time we going up
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #574,718
  • Jan 28, 2021 3:24am Jan 28, 2021 3:24am
...probably only an upside break above last 1hr LH (3680) will relieve the underlying bearishness ?
Trader with an Edge.
  • #574,719
  • Jan 28, 2021 3:39am Jan 28, 2021 3:39am
Quoting Bartosz77
GU was "thinking" on every fibo level (rectangles). My idea for today: {image}
So this variant went well.

Next steps were (at the "Recent" (2021.01.26 07:30 GMT to 2021.01.27 07:30 GMT) Fibo):

1. Retrace to 50% with a double swing.
2. Retrace to 61.8% with extension south indicating where th price wishes to go next.
3. Small journey up to just touch 50% and back to 61.8%. After this "retail moves" until 07:00 GMT today.
4. Institutional move down to 76.4%, crossing it over by few pips, quick move north to 61.8%, immediate return to 76.4 with a greater cross southwards than before.

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-01-28 Recent.jpg Size: 103 KB

There is a relation between this Fibo and "Previous" (2021.01.18 09:00 GMT to 2021.01.21 09:26 GMT). Some levels are at the same point:

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-01-28 Previous.jpg Size: 93 KB


The white dash-line is 61.8% of the Brexit vote Fibo. (Might be important still?)
WT
  • #574,720
  • Jan 28, 2021 3:39am Jan 28, 2021 3:39am
Quoting Headland
...probably only an upside break above last 1hr LH (3680) will relieve the underlying bearishness ?
Similiar to my thinking of the daily pivot which sits above that level. Currently my thinking is short to 13580 and then look to go long from there. will have to take a huge loss however the drop to 13580 should cover half and the retrace towards 137 should then turn my trade into bigger profits
Insane in the Brain..
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