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Cable Update (GBPUSD)

  • #574,941
  • Jan 29, 2021 2:32am Jan 29, 2021 2:32am
True..its looks bearish today so far.
But if it shoots then we could celebrate the weekend on the moon.
My observation may be wrong but intent correct. Stay calm!
  • #574,942
  • Jan 29, 2021 2:38am Jan 29, 2021 2:38am
Buy at 1.3675 target 1.3775... stop at 1.3610.
Data + Stat + Risk/Emotions Management
  • #574,943
  • Jan 29, 2021 2:43am Jan 29, 2021 2:43am
Attached Image (click to enlarge)
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yes yes yes
  • #574,944
  • Jan 29, 2021 2:44am Jan 29, 2021 2:44am
Quoting Georginson
Buy at 1.3675 target 1.3775... stop at 1.3610.
Hi mate, you've got a repeating pattern of bullish hidden div on your side for that trade, but after the pullback I always ask myself what trend I am entering on the next higher t/f (in this case 4hr) [+] after a pullback and it's a rangy chart on 4hr so not optimum. It may still play out though....1hr below. Good luck with it.
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Trader with an Edge.
  • #574,945
  • Jan 29, 2021 2:47am Jan 29, 2021 2:47am
Over 1.37 i think BULLs will back....last leg SHORT very LOW volume....possible REVERSAL
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  • #574,946
  • Jan 29, 2021 2:55am Jan 29, 2021 2:55am
Quoting Georginson
Buy at 1.3675 target 1.3775... stop at 1.3610.
Interesting....my target is your SL and your target is above my SL, which means one thing....only one of us will come out alive.
  • #574,947
  • Jan 29, 2021 2:58am Jan 29, 2021 2:58am
...just looking at the near-term 1hr + potential obstacles to upside progress per 1hr below.
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Trader with an Edge.
  • #574,948
  • Jan 29, 2021 3:00am Jan 29, 2021 3:00am
buy - 1.369
Together we can be strongest
Vantage Return This Month: na
  • #574,949
  • Jan 29, 2021 3:01am Jan 29, 2021 3:01am
rejection on 1H chart
Attached Image
My observation may be wrong but intent correct. Stay calm!
  • #574,950
  • Jan 29, 2021 3:02am Jan 29, 2021 3:02am
Quoting Sang.Real
GU Scalping LONG while waiting for L.O. Any comments are welcome for educational purposes. Thank You {image}

GU

Stopped out.

Re-enter scalping long.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 057.jpg Size: 287 KB
  • #574,951
  • Jan 29, 2021 3:03am Jan 29, 2021 3:03am
Come on bear
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #574,952
  • Jan 29, 2021 3:12am Jan 29, 2021 3:12am
Quoting fxmasterdxb
{quote} Taking my first long here @ 1.37
Closed with -10, could be a wrong decision but unless i see a very convincing reversal signal, im out
  • #574,953
  • Jan 29, 2021 3:13am Jan 29, 2021 3:13am
Might be some slight upside but overall cable going down

15 min moving in same direction as hourly ,60 min moving with 4h just about turned in the direction of the daily so corrections aside possibly more heavy downside to come, if the weekly starts to turn down then this will confirm the end of the long bull run.
Follow The Markets Structure - Patience and Discipline
  • #574,954
  • Jan 29, 2021 3:13am Jan 29, 2021 3:13am
.. 1hr + oscillators have yet to turn...still point southeast
Trader with an Edge.
  • #574,955
  • Jan 29, 2021 3:16am Jan 29, 2021 3:16am
Waiting for DXY to hit 90.85/87 before I even think about cable longs personally, 1.3630/40 depending how it looks
  • #574,956
  • Jan 29, 2021 3:18am Jan 29, 2021 3:18am
I agree, 3666 is important level, its 2 weeks POC in my chart, so there will be strong gravitational pull towards that area.

My take is that GU will test 3666, if it breaks 3666, then next test is lower TL at 3650 area.

Trade safe, its end of the month and Friday.

Quoting pipcenturion
1.36663 looks like a good place to go long today. It is an untested VAP level from yesterday. Trade safe everyone.
  • #574,957
  • Jan 29, 2021 3:18am Jan 29, 2021 3:18am
I’m thinking of bailing out too... will take 40pip hit but I can’t see a rise over 13730 anytime soon. Looks more likely to go lover 13600 area
Insane in the Brain..
  • #574,958
  • Jan 29, 2021 3:24am Jan 29, 2021 3:24am
Possible lower high swing on H4 as the previous upswing failed to break the high before the price turned down again to form the likely lower high
Follow The Markets Structure - Patience and Discipline
  • #574,959
  • Jan 29, 2021 3:31am Jan 29, 2021 3:31am
Quoting KiwiTrada
{quote} yep, I just focussing on the 4hr bull flag breakout for now, 104 57 and 104 74 are previous daily highs and agree 104 74-75 will be huge task, but my flag pole says 105 50 thats what Im after, last 2 boj releases in 1hr then its all eu till morning, uj Im co-relating with swissy & cad she looks to want another go at my magenta level, magenta mean "massive" 8916 -8925, if (when) that goes usd will rocket that will show all usd prs {image}
wow 104 57 done and dusted 104 74 she went straight through, thought it would be harder than that but whos moaning come on 105 50
If you are new to Forex? Say Goodbye to your account!!
  • #574,960
  • Jan 29, 2021 3:32am Jan 29, 2021 3:32am
Quoting BeeTogether
I’m thinking of bailing out too... will take 40pip hit but I can’t see a rise over 13730 anytime soon. Looks more likely to go lover 13600 area
Im still convinced we will break 1.38, but it seems not today
Hourly close below 1.3674 will negate any chance for a bull move today
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