Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#576,821
Edited 8:11pm Feb 8, 2021 8:00pm | Edited 8:11pm

ChiForex
Joined Jan 2019 | Status: Trader | 2,800 Posts

GU looking to be basing above 1.3740s heading to weekly targets talked about at the beginning of this month, located around 1.3820s, can reach there as soon as today. A base above there will later on target 1.3900s

For now, a base above 1.3770 on daily will start the upward journey.

Watch out 1.3790 resistance, base above on weekly will confirm the medium term view to monthly target 1.3900s

My technical analysis leading trades depend on Daily/Weekly/Monthly Chart

#576,822
Feb 8, 2021 8:25pm Feb 8, 2021 8:25pm

RedCable
| Joined May 2020 | Status: Trader | 129 Posts

Quoting Moty

Disliked

{image}

Ignored

The resistance seems to be getting broken !! I have also same type of sell positions, not looking good.

#576,823
Feb 8, 2021 8:28pm Feb 8, 2021 8:28pm

Georginson
Joined Aug 2018 | Status: Research Analyst | 4,290 Posts

Quoting Georginson

Disliked

Below is TRADE IDEA FOR INTRADAY traders for next week Monday - Tuesday *Sell from 1.3775 target 1.3666 *Buy 1 from 1.3666 target 1.3800 *Buy 2 from 1.3612 target 1.3750 Note: 100 pips drawdown cannot be ruled out, so be psychologically prepared by applying modest stake at recommended levels. *If low of (1.3666/1.3610) gets attacked first on Monday/Tuesday then 1.3800 will be imminent next week *If high of 1.3800 gets attacked first by Monday/Tuesday then we will go on full scale sell to target 1.3610/1.3580, which will invalidate the potential...

Ignored

Now sell from here 1.3775 target 1.3666.

Data + Stat + Risk/Emotions Management

#576,824
Feb 8, 2021 8:33pm Feb 8, 2021 8:33pm

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

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yes yes yes

#576,825
Feb 8, 2021 8:58pm Feb 8, 2021 8:58pm

Yngwie
Joined Aug 2008 | Status: Trader | 3,976 Posts

price today must reverse before 1.3832 if not we will see 1.4 soon

Live trade ~ GBPUSD only. No chart! Follow at your own risk!

#576,826
Feb 8, 2021 8:58pm Feb 8, 2021 8:58pm

navk
Joined Oct 2010 | Status: Trader | 21,479 Posts

IMO,

3800 and then sell off.

Not before.

Intraday only.

#576,827
Feb 8, 2021 9:02pm Feb 8, 2021 9:02pm

palpite
Joined Sep 2015 | Status: Under Pressure | 4,596 Posts

sell - 1.3778

Together we can be strongest

Vantage Return This Month: na

#576,828
Feb 8, 2021 9:32pm Feb 8, 2021 9:32pm

M.Fadly
Joined Nov 2019 | Status: Trader | 778 Posts

NEXT 1.37489// 1.38612

Like me, cuts losses quickly. But has more patience and lets his winn

#576,829
Feb 8, 2021 9:40pm Feb 8, 2021 9:40pm

wanted
| Joined Jul 2012 | Status: Trader | 60 Posts

Quoting navk

Disliked

IMO, 3800 and then sell off. Not before.

Ignored

Same to me, DXY will touch 90.5 then bounce

#576,830
Feb 8, 2021 9:47pm Feb 8, 2021 9:47pm

tehtawar
Joined Jun 2017 | Status: Profitable Trader | 352 Posts

Suggest to build short around 1.38 RN until 1.3825 semi RN SL must put above 1.3850 FOR TODAY only

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Stay low, Go fast - No luck, All skill

#576,831
Feb 8, 2021 9:55pm Feb 8, 2021 9:55pm

Myismael
| Joined Oct 2019 | Status: Trader | 47 Posts

now drop it like it's hot haha

#576,832
Feb 8, 2021 10:13pm Feb 8, 2021 10:13pm

wiserltz
Joined Jun 2016 | Status: Trader | 2,402 Posts

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Be a spectator, not a player

#576,833
Feb 8, 2021 10:32pm Feb 8, 2021 10:32pm

Jonadab
| Joined Feb 2021 | Status: Trader | 43 Posts

Price is likely to retrace back to 3730-3710. The bulls are likely going to push price up again as far as 3835. If that level is broken GU may be heading to 4375 2018 high. For now am waiting patiently to take a long position @ 3730-3710.

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