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Cable Update (GBPUSD)

  • #576,681
  • Feb 7, 2021 7:29pm Feb 7, 2021 7:29pm
Today open 1.37152 area . strong rejection as per m 5 1.37396
  • #576,682
  • Feb 7, 2021 8:18pm Feb 7, 2021 8:18pm
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yes yes yes
  • #576,683
  • Feb 7, 2021 9:00pm Feb 7, 2021 9:00pm
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Fools Rushing
  • #576,684
  • Feb 8, 2021 12:36am Feb 8, 2021 12:36am
G/M, London forex desks about to get busy...let's hope they inject some volatility (and momentum would be good too) into a 'tight' market re asian session ending.
Trader with an Edge.
  • #576,685
  • Feb 8, 2021 12:40am Feb 8, 2021 12:40am
One to keep an eye on


EG

A cup and handle chart may signal either a reversal pattern or a continuation pattern. A reversal pattern occurs when the price is in a long-term downtrend, then forms a cup and handle that reverses the trend and the price starts rising. A continuation pattern occurs during an uptrend; the price is rising, forms a cup and handle, and then continues rising.
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  • #576,686
  • Feb 8, 2021 1:34am Feb 8, 2021 1:34am
Quoting Coreg2004
{quote} Tim_isoara, awesome...unfortunately for me I don't have enough brain to learn 26 corrective patterns and apply them on the fly for day trading so I decided to stick with 12345 and 6 corrective pattern plus harmonic patterns and range trading (daily, weekly)...my bad, I hope you forgive me. {image}{image}rest assured that I am familiar with wxy pattern just chose not to mark them that way...instead I mark them as double and tripel three, {image}
Your loss.
  • #576,687
  • Feb 8, 2021 1:52am Feb 8, 2021 1:52am
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yes yes yes
  • #576,688
  • Feb 8, 2021 1:53am Feb 8, 2021 1:53am
Finally setting up for shorts with great entry
  • #576,689
  • Feb 8, 2021 2:25am Feb 8, 2021 2:25am
...finally some movement/volatility. 1hr below. another attempt at today's current hi rebuffed by sellers just a pip above friday's hi - in that prev 30min and 1hr sw hi zone...
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Trader with an Edge.
  • #576,690
  • Feb 8, 2021 2:25am Feb 8, 2021 2:25am
first blood
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yes yes yes
  • #576,691
  • Feb 8, 2021 2:27am Feb 8, 2021 2:27am
GU

Scalping Short
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  • #576,692
  • Feb 8, 2021 2:38am Feb 8, 2021 2:38am
...last 15min and 30min closes were pretty bearish! price has found some support @ that prev 1hr sw lo x 2 zone @ the DP.....1hr below. plenty of pot supp/rbs factors on 1hr/4hr below as potential downside obstacles.
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Trader with an Edge.
  • #576,693
  • Feb 8, 2021 2:51am Feb 8, 2021 2:51am
Quoting mysterio
We've re-tested the higher TF wedge now. Supply at 1.3730-50 Shorted at 1.3734, lets see. TP open stop to BE when I can
Just closed for +29
  • #576,694
  • Feb 8, 2021 3:01am Feb 8, 2021 3:01am
...pretty solid 1hr bearish close. 4hr is below. 38.2% of 3650-3741 @ the current dly lo. Dly S1 is 3681.
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Trader with an Edge.
  • #576,695
  • Feb 8, 2021 3:09am Feb 8, 2021 3:09am
entered long from here
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  • #576,696
  • Feb 8, 2021 3:16am Feb 8, 2021 3:16am
Eyeing break below 1.37038 for continued shorts.
  • #576,697
  • Feb 8, 2021 3:16am Feb 8, 2021 3:16am
Quoting SCopier
entered long from here {image}
May start creeping back up to 1.3775 - 1.380......
Lost....
  • #576,698
  • Feb 8, 2021 3:16am Feb 8, 2021 3:16am
This could easily just keep dropping. Finding a bit of bull resistance now. Lets see if it sets up for a long!!!!!
Don't trade what you think. Just what you see!!!
  • #576,699
  • Feb 8, 2021 3:23am Feb 8, 2021 3:23am
Quoting gespiri
{quote} May start creeping back up to 1.3775 - 1.380......
I think it is better to stay short until 1.3612
  • #576,700
  • Feb 8, 2021 3:24am Feb 8, 2021 3:24am
DXY bulls just have a hurdle at 91.20 to clear before cable continues down
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