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Cable Update (GBPUSD)

  • #576,161
  • Feb 4, 2021 2:56am Feb 4, 2021 2:56am
Quoting parshal
What time is Bailey Speaking today? does anybody has access to his calendar or can ask his secretary
BoE today at 12pm will either push up towards 13680 or help a drop towards 134
Insane in the Brain..
  • #576,162
  • Feb 4, 2021 2:59am Feb 4, 2021 2:59am
Go go go
Sl at last hourly candle high 1.36
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yes yes yes
  • #576,163
  • Feb 4, 2021 2:59am Feb 4, 2021 2:59am
Quoting Headland
...The prev 1hr/4hr/dly sw lo zone = prev supp = pot supp to 3519 probably starts circa 3565 on dly and 3527 on 1hr/4hr extending down to that 3519 lo. Usual fibs in there etc.. 3578-74 a minor 1hr prev sw lo ahead of it.
Some buyers emerging there, but sellers are strong today so far. Dly below.

EDIT: 6 consecutive 1hr bearish body closes now.
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Trader with an Edge.
  • #576,164
  • Feb 4, 2021 3:02am Feb 4, 2021 3:02am
Buyers now have reason to fear as 1.3580 now broken but expect some retracement back to 1.3650/1.3670 area...
Data + Stat + Risk/Emotions Management
  • #576,165
  • Feb 4, 2021 3:05am Feb 4, 2021 3:05am
Okay... there's a very huuuge chance it's dropping to big 1.35.
Let's see. Too late to ride for me.
  • #576,166
  • Feb 4, 2021 3:06am Feb 4, 2021 3:06am
There is no place for a gu buy until dx reaches at 91.720
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yes yes yes
  • #576,167
  • Feb 4, 2021 3:08am Feb 4, 2021 3:08am
Quoting parshal
{quote} I don't believe in longs yet. Let it fall freely first
i told you already
Suro Diro Joyoningrat Lebur Dening Pangastuti
  • #576,168
  • Feb 4, 2021 3:08am Feb 4, 2021 3:08am
Quoting Moty
There is no place for a gu buy until dx reaches at 91.720 {image}
91.5 is a roadblock too
  • #576,169
  • Feb 4, 2021 3:10am Feb 4, 2021 3:10am
Quoting Georginson
Buyers now have reason to fear as 1.3580 now broken but expect some retracement back to 1.3650/1.3670 area...
this is the area you mentioned a few days ago for the retrace right? I think any lower than 13550 will open doors to 134
Insane in the Brain..
  • #576,170
  • Feb 4, 2021 3:12am Feb 4, 2021 3:12am
Quoting Georginson
Buyers now have reason to fear as 1.3580 now broken but expect some retracement back to 1.3650/1.3670 area...
100% agree !
  • #576,171
  • Feb 4, 2021 3:12am Feb 4, 2021 3:12am
Quoting abconqq7
Price will fall to 1.32 eventually. Time to sell more
I tell already, hope somebody followed and win some pips and more pips are coming
Damage
  • #576,172
  • Feb 4, 2021 3:15am Feb 4, 2021 3:15am
Quoting BeeTogether
{quote} this is the area you mentioned a few days ago for the retrace right? I think any lower than 13550 will open doors to 134
The implication of break of this 1.3580 opens up 1.3330 area but sellers will need lots of patience as price may still do one last push to 1.3830 area.

Now my bias turns bearish but will only start selling from 1.3660, 1.3740 and 1.3820. selling at this current low of 1.3575 will lead to short term trap, wait for some bounce before selling.

Trade with utmost caution.
Data + Stat + Risk/Emotions Management
  • #576,173
  • Feb 4, 2021 3:17am Feb 4, 2021 3:17am
just put this here.
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  • #576,174
  • Feb 4, 2021 3:20am Feb 4, 2021 3:20am
Quoting Georginson
{quote} The implication of break of this 1.3580 opens up 1.3330 area but sellers will need lots of patience as price may still do one last push to 1.3830 area. Now my bias turns bearish but will only start selling from 1.3660, 1.3740 and 1.3820. selling at this current low of 1.3575 will lead to short term trap, wait for some bounce before selling. Trade with utmost caution.
totally agree. I think 12pm BoE is important to gauge which we go. If I was a betting man I would look long now with S/L at 13500 aiming for 137. Unfortunately for me liquidity is trapped in the current long I’m in
Insane in the Brain..
  • #576,175
  • Feb 4, 2021 3:21am Feb 4, 2021 3:21am
If gold breaks 1810 decisively, there's no other roadblock till 1790. Crazy..
Entered a bit too late at 1826.
  • #576,176
  • Feb 4, 2021 3:22am Feb 4, 2021 3:22am
Quoting mysterio
{quote} 91.5 is a roadblock too
However I believe 91.84
My observation may be wrong but intent correct. Stay calm!
  • #576,177
  • Feb 4, 2021 3:25am Feb 4, 2021 3:25am
Quoting BeeTogether
{quote} totally agree. I think 12pm BoE is important to gauge which we go. If I was a betting man I would look long now with S/L at 13500 aiming for 137. Unfortunately for me liquidity is trapped in the current long I’m in
Another opportunity awaits you...
Data + Stat + Risk/Emotions Management
  • #576,178
  • Feb 4, 2021 3:26am Feb 4, 2021 3:26am
Quoting mysterio
{quote} 91.5 is a roadblock too
Yes i saw that
And also dx at fibo r3 , and I don't love to go against it .
I am considering exiting from my shorts
yes yes yes
  • #576,179
  • Feb 4, 2021 3:30am Feb 4, 2021 3:30am
Price revarsed 4 pips from my tp
Mf Crookers
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yes yes yes
  • #576,180
  • Feb 4, 2021 3:30am Feb 4, 2021 3:30am
H4 closed with long wick will more interesting


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