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Cable Update (GBPUSD)

  • #575,821
  • Feb 3, 2021 1:21am Feb 3, 2021 1:21am
Quoting phoenix777
{quote} That Grey area is my TP
Hopefully it gets there
  • #575,822
  • Feb 3, 2021 1:21am Feb 3, 2021 1:21am
Quoting Sang.Real
{quote} 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 {image}
ask yourself if the reason you took the trade is still valid ?
Trader with an Edge.
  • #575,823
  • Feb 3, 2021 1:22am Feb 3, 2021 1:22am
Quoting Sang.Real
{quote} 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 {image}
your M30 Chart show clearly Bearish Channel, and level 1.36468 is crutial, once break .. Downward South to next stop at 1.3608. so close and take losses or wait .. it's your call buddy ..
Suro Diro Joyoningrat Lebur Dening Pangastuti
  • #575,824
  • Feb 3, 2021 1:23am Feb 3, 2021 1:23am
Quoting Sang.Real
{quote} 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 {image}
in my opinion, your best bet would be to tighten your stop loss to 1.3641 and move it up once BE, at this stage anything is possible, Good luck and green pips to you. hope that will help
  • #575,825
  • Feb 3, 2021 1:24am Feb 3, 2021 1:24am
Quoting Yngwie
Buy 3616 SL 3600
closed
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #575,826
  • Feb 3, 2021 1:28am Feb 3, 2021 1:28am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #575,827
  • Feb 3, 2021 1:29am Feb 3, 2021 1:29am
as 4hr below shows there has been a lot of demand as that 3609 prev 1hr/4hr/dly swing lo is approached (23.6% 3133-3759/61.8% 3519-3759 at that lo, around Wkly & Dly S1,) ...could be again if tested ?

Was last drop down just a stop hunt below that 3644 prev 1hr sw lo swing lo ?
Attached Image (click to enlarge)
Click to Enlarge Name: 4498e6dee6da4405470869dc939f1c1a.png Size: 67 KB
Trader with an Edge.
  • #575,828
  • Feb 3, 2021 1:36am Feb 3, 2021 1:36am
Quoting Moty
{image} {image}
Moty, could you advise where you get your resistance indicators from? Is there a MT4 Plugin you use?
  • #575,829
  • Feb 3, 2021 1:44am Feb 3, 2021 1:44am
Sold from 3656, just recovering a few pips, not holding it for much time.
Attached Image (click to enlarge)
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  • #575,830
  • Feb 3, 2021 1:49am Feb 3, 2021 1:49am
Quoting pipprincess
Sold from 3656, just recovering a few pips, not holding it for much time. {image}
Out +10
Still - 26 today and think I was too early in that long before. Waiting for a better entry to go long.
  • #575,831
  • Feb 3, 2021 1:52am Feb 3, 2021 1:52am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 38 KB
yes yes yes
  • #575,832
  • Feb 3, 2021 2:01am Feb 3, 2021 2:01am
I'd like to sell now but i feel there are just too many supports. Hmm...
  • #575,833
  • Feb 3, 2021 2:04am Feb 3, 2021 2:04am
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}
so highly likely to go down now?
  • #575,834
  • Feb 3, 2021 2:06am Feb 3, 2021 2:06am
Quoting Ehsank78
{quote} so highly likely to go down now?
I hope its a buy opportunity for 20 pips now
My observation may be wrong but intent correct. Stay calm!
  • #575,835
  • Feb 3, 2021 2:10am Feb 3, 2021 2:10am
...2nd fractal LH now on 4Hr (gmt+2 4hr candles) after y/day's LL at the 3611 lo....but still in that range - but obviously at the moment with a bearish bias but we've seen that before in this range lol - gotta break some time though! Solid bearish 1hr and 4hr closes. Done for today, G/L all.
Trader with an Edge.
  • #575,836
  • Feb 3, 2021 2:13am Feb 3, 2021 2:13am
Quoting Ehsank78
{quote} so highly likely to go down now?
Maybe just a bit but there are just too many supports.
I'd like to see an up thrust first to my area for me to sell.

Watching 1.36250 reaction.
  • #575,837
  • Feb 3, 2021 2:18am Feb 3, 2021 2:18am
Quoting bluesushi
I'd like to sell now but i feel there are just too many supports. Hmm...
Support and resistance is illusion imo.
Sell @ 1.36363 - TP 30 pips - ST -60 pips
Sell @ 1.36363 - TP none - ST -60 pips
Attached Image (click to enlarge)
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  • #575,838
  • Feb 3, 2021 2:22am Feb 3, 2021 2:22am
Quoting Gerozepin
{quote} Support and resistance is illusion imo. Sell @ 1.36363 - TP 30 pips - ST -60 pips Sell @ 1.36363 - TP none - ST -60 pips {image}
Risky play but good luck!
  • #575,839
  • Feb 3, 2021 2:25am Feb 3, 2021 2:25am
Gonna test ~1.362 again? Where hidden bullish divergence might appear
Attached Image (click to enlarge)
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Air force
  • #575,840
  • Feb 3, 2021 2:28am Feb 3, 2021 2:28am
took long at 1.3632
My observation may be wrong but intent correct. Stay calm!
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