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Cable Update (GBPUSD)

  • #575,801
  • Feb 3, 2021 2:12am Feb 3, 2021 2:12am
Greetings Traders,

Be prepared for a possible move to around 1.3560 where there's a good buy. But that doesn't mean to go sell the pair at any price now if you have no order above.., as yesterday bounce was from strong support mentioned in a previous post but 1.3560 and possibly 1 3520s stays in market mind

Better look at resistance found today just below 1.3690, only a base above might mean again toward 1.3740s after clearing 1.3710, best sell at the first if reaches for best positioning, and the latter not bad if you're trading medium term..

Trade and set Tp/SL around these levels..

Good luck
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #575,802
  • Feb 3, 2021 2:12am Feb 3, 2021 2:12am
This had triggered the Buying Pressure

https://www.forexfactory.com/news/10...rexit-tensions
Fools Rushing
  • #575,803
  • Feb 3, 2021 2:16am Feb 3, 2021 2:16am
Quoting ChiForex
Greetings Traders, Be prepared for a possible move to around 1.3560 where there's a good buy. But that doesn't mean to go sell the pair at any price now if you have no order above.., as yesterday bounce was from strong support mentioned in a previous post but 1.3560 and possibly 1 3520s stays in market mind Better look at resistance found today just below 1.3690, only a base above might mean again toward 1.3740s after clearing 1.3710, best sell at the first if reaches for best positioning, and the latter not bad if you're trading medium term.....
A very nice insight of yours and portraying the trade plan for the day.
Are you also following the same plan?
My observation may be wrong but intent correct. Stay calm!
  • #575,804
  • Feb 3, 2021 2:21am Feb 3, 2021 2:21am
W FORMING.. BUY
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  • #575,805
  • Feb 3, 2021 2:22am Feb 3, 2021 2:22am
Just bought 3670 sl @ day low.
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  • #575,806
  • Feb 3, 2021 2:23am Feb 3, 2021 2:23am
Quoting Yngwie
Buy 3616 SL 3600
Dem i should close earlier Adding more lot
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #575,807
  • Feb 3, 2021 2:24am Feb 3, 2021 2:24am
Quoting Sang.Real
{quote} Hi Trumps...... Is it time for change of name to "Bidens"...?
No one would remember "Bidens"
Compulsions can be hard to resist
  • #575,808
  • Feb 3, 2021 2:38am Feb 3, 2021 2:38am
Hold it !!!!
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yes yes yes
  • #575,809
  • Feb 3, 2021 2:52am Feb 3, 2021 2:52am
... leading to the 3683 swing hi it has been consolidate, move down, consolidate, move down, consolidate (current dly lo,) move up...consolidate, ?? (best viewed on 5min.)
Trader with an Edge.
  • #575,810
  • Feb 3, 2021 2:56am Feb 3, 2021 2:56am
My long position didn't hit my profit target so i close them.
Waiting to short.
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  • #575,811
  • Feb 3, 2021 2:56am Feb 3, 2021 2:56am
#GBPUSD / H4
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  • #575,812
  • Feb 3, 2021 3:00am Feb 3, 2021 3:00am

THOR , PHONE HOME
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yes yes yes
  • #575,813
  • Feb 3, 2021 3:07am Feb 3, 2021 3:07am
Quoting Moty
THOR , PHONE HOME {image} {image}
First TP 1.3580 2TP 1.3460 (long term)
  • #575,814
  • Feb 3, 2021 3:07am Feb 3, 2021 3:07am
Quoting parshal
Just shorted ast 1.3670 until 1.3650
target achieved more than expected
My observation may be wrong but intent correct. Stay calm!
  • #575,815
  • Feb 3, 2021 3:09am Feb 3, 2021 3:09am
Quoting pipprincess
Just bought 3670 sl @ day low. {image}
Aww, was hoping it would break the Asian high. Too bad, -36 pips.
  • #575,816
  • Feb 3, 2021 3:11am Feb 3, 2021 3:11am
Highly unlikely imo for it go down unless current H4 closes below 1.36500.
Looking to sell at highlighted gray area above.
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  • #575,817
  • Feb 3, 2021 3:17am Feb 3, 2021 3:17am
Quoting Sang.Real
{quote} GU That's the target. Then, wait for another set up. {image} Any comment welcome , helping me to understand better. Thank You

GU

Up 22 pips
Down 23 pips.

Should I close now and take losses

Or wait for price to move up?

Any comment and view welcome.

Thanks
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  • #575,818
  • Feb 3, 2021 3:18am Feb 3, 2021 3:18am
Quoting bluesushi
Highly unlikely imo for it go down unless current H4 closes below 1.36500. Looking to sell at highlighted gray area above. {image}
That Grey area is my TP
  • #575,819
  • Feb 3, 2021 3:18am Feb 3, 2021 3:18am
Quoting pipprincess
{quote} Aww, was hoping it would break the Asian high. Too bad, -36 pips.
take it easy and hold on
My observation may be wrong but intent correct. Stay calm!
  • #575,820
  • Feb 3, 2021 3:20am Feb 3, 2021 3:20am
Quoting parshal
{quote} A very nice insight of yours and portraying the trade plan for the day. Are you also following the same plan?
Definitely no conspiracy theory
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
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