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Cable Update (GBPUSD)

  • #576,341
  • Feb 4, 2021 11:02am Feb 4, 2021 11:02am
is there any opion beside that it will go to last high at least ?
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yes yes yes
  • #576,342
  • Feb 4, 2021 11:06am Feb 4, 2021 11:06am
Quoting Moty
is there any opion beside that it will go to last high at least ? {image} {image}
won't go to last high
  • #576,343
  • Feb 4, 2021 11:06am Feb 4, 2021 11:06am
Quoting Moty
is there any opion beside that it will go to last high at least ? {image} {image}
there was talk of 139 however if 13750 can be hit then 138 should be doable all depends though
Insane in the Brain..
  • #576,344
  • Feb 4, 2021 11:20am Feb 4, 2021 11:20am
Quoting Moty
is there any opion beside that it will go to last high at least ? {image} {image}
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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  • #576,345
  • Edited 2:20pm Feb 4, 2021 11:29am | Edited 2:20pm
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
is there any opion beside that it will go to last high at least ? {image} {image}
  • #576,346
  • Feb 4, 2021 11:43am Feb 4, 2021 11:43am
Quoting Moty
is there any opion beside that it will go to last high at least ? {image} {image}
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!
  • #576,347
  • Feb 4, 2021 11:44am Feb 4, 2021 11:44am
Quoting Moty
is there any opion beside that it will go to last high at least ? {image} {image}
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.
  • #576,348
  • Feb 4, 2021 11:45am Feb 4, 2021 11:45am
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yes yes yes
  • #576,349
  • Feb 4, 2021 12:56pm Feb 4, 2021 12:56pm
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).
WT
  • #576,350
  • Feb 4, 2021 2:05pm Feb 4, 2021 2:05pm
Well, so many divergences on 1H, possible down move before LO at least.
Sorry, messy chart this time
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Air force
  • #576,351
  • Feb 4, 2021 3:28pm Feb 4, 2021 3:28pm
Quoting Ilvez
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...
Why 11 jan? Its monthly fibo that lowest on 11 Jan and higest on 27 Jan. Just KISS

Cheers.
  • #576,352
  • Feb 4, 2021 4:34pm Feb 4, 2021 4:34pm
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.
  • #576,353
  • Feb 4, 2021 5:22pm Feb 4, 2021 5:22pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting YoungET
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.
I really want to press the button for short!!!
Studing..............
  • #576,354
  • Feb 4, 2021 5:58pm Feb 4, 2021 5:58pm
If you draw TL correctly, you will see where price will go

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  • #576,355
  • Feb 4, 2021 6:35pm Feb 4, 2021 6:35pm
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Together we can be strongest
Vantage Return This Month: -97.0%
  • #576,356
  • Feb 4, 2021 6:39pm Feb 4, 2021 6:39pm
RSI suggest to short
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #576,357
  • Feb 4, 2021 6:46pm Feb 4, 2021 6:46pm
Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: -97.0%
  • #576,358
  • Feb 4, 2021 7:00pm Feb 4, 2021 7:00pm
Quoting W0lfram
Well, so many divergences on 1H, possible down move before LO at least. Sorry, messy chart this time{image}
Assalamu'alaikum, Good morning from indonesia,

since news last night, i have 4 SHORT position right now, 1 position running +, and the 3 other running -.

from my perspective, overview for today for GBPUSD, i am expecting an RALLY BASE DROP will occur since short term bias is still Downtrend

as shown below, 61.8% is still respect
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Suro Diro Joyoningrat Lebur Dening Pangastuti
  • #576,359
  • Feb 4, 2021 7:01pm Feb 4, 2021 7:01pm
Too early to sell for me. I'd like to see reaction on 1.37050.
  • #576,360
  • Feb 4, 2021 7:18pm Feb 4, 2021 7:18pm
Area need to be passed for seller is 3641 ~ 3650
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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