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Cable Update (GBPUSD)

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  • Post #576,341
  • Quote
  • Feb 4, 2021 12:39pm Feb 4, 2021 12:39pm
  •  gettoefl
  • Joined Mar 2013 | Status: Member | 880 Posts
eight x 24 hours til the mid point of the quarter

wave 5 underway
twitter: @gettoefl
 
 
  • Post #576,342
  • Quote
  • Feb 4, 2021 12:48pm Feb 4, 2021 12:48pm
  •  BadshahFX
  • | Additional Username | Joined Feb 2021 | 12 Posts
Quoting gettoefl
Disliked
eight x 24 hours til the mid point of the quarter wave 5 underway
Ignored
Can you please post the chart
 
 
  • Post #576,343
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  • Feb 4, 2021 1:19pm Feb 4, 2021 1:19pm
  •  Logician
  • | Joined Apr 2019 | Status: Member | 15 Posts
Quoting pipcenturion
Disliked
{quote} Price ought to come back to 1.36122
Ignored
3570 is a liquidity run. Price will not return there soon.
You can't backtest emotions.
 
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  • Post #576,344
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  • Feb 4, 2021 1:38pm Feb 4, 2021 1:38pm
  •  aggieman01
  • | Joined Dec 2020 | Status: Member | 29 Posts
Looks Gold hit major support zone from November 2020...Insiders loading up for tomorrow major news of USD. Going up to Central Bank Control Zone. My take on what I see the insiders doing. Insiders are those who already have the information for tomorrow which "The Elite" are profiting from this market manipulation.
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  • Post #576,345
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  • Feb 4, 2021 1:39pm Feb 4, 2021 1:39pm
  •  Coreg2004
  • Joined Oct 2009 | Status: Member | 2,807 Posts
Quoting gettoefl
Disliked
eight x 24 hours til the mid point of the quarter wave 5 underway
Ignored
gettoelf, on what TF?
Always trade your own plan...I don't provide trading signals.
 
 
  • Post #576,346
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  • Feb 4, 2021 1:43pm Feb 4, 2021 1:43pm
  •  Coreg2004
  • Joined Oct 2009 | Status: Member | 2,807 Posts
Quoting pipcenturion
Disliked
{quote} Price ought to come back to 1.36122
Ignored
pipcenturion, ...yes, maybe, perhaps...
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Always trade your own plan...I don't provide trading signals.
 
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  • Post #576,347
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  • Feb 4, 2021 1:44pm Feb 4, 2021 1:44pm
  •  Moty
  • Joined Dec 2017 | Status: Member | 22,843 Posts
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  • Post #576,348
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  • Feb 4, 2021 2:02pm Feb 4, 2021 2:02pm
  •  Moty
  • Joined Dec 2017 | Status: Member | 22,843 Posts
is there any opion beside that it will go to last high at least ?
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  • Post #576,349
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  • Feb 4, 2021 2:06pm Feb 4, 2021 2:06pm
  •  Waveskierrob
  • Joined May 2020 | Status: Best trader ever to have lived 4.0 | 5,490 Posts | Online Now
Quoting Moty
Disliked
is there any opion beside that it will go to last high at least ? {image} {image}
Ignored
won't go to last high
Soon To Be Temporarily Suspended Again
 
 
  • Post #576,350
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  • Feb 4, 2021 2:06pm Feb 4, 2021 2:06pm
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 7,003 Posts
Quoting Moty
Disliked
is there any opion beside that it will go to last high at least ? {image} {image}
Ignored
there was talk of 139 however if 13750 can be hit then 138 should be doable all depends though
 
1
  • Post #576,351
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  • Feb 4, 2021 2:20pm Feb 4, 2021 2:20pm
  •  aggieman01
  • | Joined Dec 2020 | Status: Member | 29 Posts
Quoting Moty
Disliked
is there any opion beside that it will go to last high at least ? {image} {image}
Ignored
Monty,

Here's my take on GBPUSD... I've seen money missing firsthand with governments so I trust no Central Banks and Market Makers, US or abroad. So, in my left take money from Central Bank mindset. They could possibly run GBPUSD back into Central Bank Week Control Zone. Which is 50 pips higher than my TMA upper band to hit stop losses then drop the pair lower as US manipulate the Un-Employment numbers to make it seem better. My two cents.
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  • Post #576,352
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  • Edited 5:20pm Feb 4, 2021 2:29pm | Edited 5:20pm
  •  Ilvez
  • Joined May 2020 | Status: Just looking | 500 Posts
Predictions are usually doomed but lets try

My take is that unless price breaks again weekly POC of 3666 it will return down to fill volume gaps at 3610 then 3560 and maybe visit 3510 areas (blue ovals) on weekly basis. My bias is bearish as price tried but did not break thru the previous lower TL of rising wedge.

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But it all may change tomorrow at LO.

Take care,
I


Quoting Moty
Disliked
is there any opion beside that it will go to last high at least ? {image} {image}
Ignored
 
2
  • Post #576,353
  • Quote
  • Feb 4, 2021 2:43pm Feb 4, 2021 2:43pm
  •  parshal
  • | Joined Jan 2021 | Status: Member | 347 Posts
Quoting Moty
Disliked
is there any opion beside that it will go to last high at least ? {image} {image}
Ignored
My view is that the current price is stuck between the 2 major levels to break i.e. 1.3750 as high and 1.3520 as low.

Until it breaks 1.3750, it will not go lower than 1.3520 and vice versa.
My observation may be wrong but intent correct. Stay calm!
 
 
  • Post #576,354
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  • Feb 4, 2021 2:44pm Feb 4, 2021 2:44pm
  •  Coreg2004
  • Joined Oct 2009 | Status: Member | 2,807 Posts
Quoting Moty
Disliked
is there any opion beside that it will go to last high at least ? {image} {image}
Ignored
Moty, one option is to use the hammer so DX index will make W4 by the book and perhaps GU will make a new high.
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Always trade your own plan...I don't provide trading signals.
 
3
  • Post #576,355
  • Quote
  • Feb 4, 2021 2:45pm Feb 4, 2021 2:45pm
  •  Moty
  • Joined Dec 2017 | Status: Member | 22,843 Posts
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  • Post #576,356
  • Quote
  • Feb 4, 2021 3:56pm Feb 4, 2021 3:56pm
  •  Bartosz77
  • Joined Aug 2016 | Status: Member | 353 Posts
Yesterday was a bit quiet...

MT4:

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MT5:

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I was only getting ready for today:

MT4:

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MT5:

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So, tomorrow this in sight:

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but on a smaller TF:

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(the amount of swings could be smaller, of course).
Account open on 2021-03-01
 
3
  • Post #576,357
  • Quote
  • Feb 4, 2021 5:05pm Feb 4, 2021 5:05pm
  •  W0lfram
  • Joined Dec 2020 | Status: [....] | 1,356 Posts
Well, so many divergences on 1H, possible down move before LO at least.
Sorry, messy chart this time
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HIMARS o'clock
 
2
  • Post #576,358
  • Quote
  • Feb 4, 2021 6:28pm Feb 4, 2021 6:28pm
  •  randu
  • Joined Jun 2008 | Status: Ctrl-Z | 339 Posts
Quoting Ilvez
Disliked
Are you sure your Fibos are correctly drawn? If you want to estimate price travel from top to point X you would need to start drawing Fibo expansion from the top and pick relevant bottom to measure price travel against. Or draw a retracement starting from bottom to top of the range to see where the price is from the top. Or alternatively you draw retracement starting from the bottom and in both cases you would see that today price bounced off from 61.8% level. Which is 38.2% in your chart because the Fibo is upside-down. It is important because...
Ignored
Why 11 jan? Its monthly fibo that lowest on 11 Jan and higest on 27 Jan. Just KISS

Cheers.
 
 
  • Post #576,359
  • Quote
  • Feb 4, 2021 7:34pm Feb 4, 2021 7:34pm
  •  YoungET
  • Joined May 2016 | Status: Member | 338 Posts
The odds really were heavily favouring a 4hr continuation short, picture perfect setup but looks like it could now be pumped to a new high taking those stops.

Would still like to see this move dupe traders into longs, & price taking a nose dive without tagging the prior high.
 
1
  • Post #576,360
  • Quote
  • Feb 4, 2021 8:22pm Feb 4, 2021 8:22pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting YoungET
Disliked
The odds really were heavily favouring a 4hr continuation short, picture perfect setup but looks like it could now be pumped to a new high taking those stops. Would still like to see this move dupe traders into longs, & price taking a nose dive without tagging the prior high.
Ignored
I really want to press the button for short!!!
Studing..............
 
 
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