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Cable Update (GBPUSD)

  • #576,881
  • Feb 9, 2021 4:00am Feb 9, 2021 4:00am
Dollar is oversold on 1h across the board.. rare!!!!
  • #576,882
  • Feb 9, 2021 4:00am Feb 9, 2021 4:00am
Moty what i am doing here
  • #576,883
  • Feb 9, 2021 4:01am Feb 9, 2021 4:01am
Quoting gatenio
Dollar is oversold on 1h across the board.. rare!!!!
It should surely pull back on S1 (nowish), technical sell off because of the H&S
  • #576,884
  • Feb 9, 2021 4:03am Feb 9, 2021 4:03am
Quoting greengp
Moty what i am doing here
Lol
Strange move in the forex today
It wasn't supposed to go like this
yes yes yes
  • #576,885
  • Feb 9, 2021 4:06am Feb 9, 2021 4:06am
I see a flash crash this week......look at the first week of Jan.
Lost....
  • #576,886
  • Feb 9, 2021 4:07am Feb 9, 2021 4:07am
Took profit at 13780 now gone short for a scalp 10-20 pips
Insane in the Brain..
  • #576,887
  • Feb 9, 2021 4:11am Feb 9, 2021 4:11am
Quoting mysterio
{quote} It should surely pull back on S1 (nowish), technical sell off because of the H&S
S1 or R1?
  • #576,888
  • Feb 9, 2021 4:12am Feb 9, 2021 4:12am
Quoting Georges001
There seems to be renewed buying pressure from the bulls on GBP/USD. Might consider getting on Monday but for now I am out due to the upcoming Non-Farm Payroll news. {image}
Good luck to those traders who took the long trade on GBP/USD from that big bullish pin bar that I did illustrate from the daily chart. Personally I did not manage to take it up because of the NFP but managed to go long on EUR/USD.
  • #576,889
  • Feb 9, 2021 4:13am Feb 9, 2021 4:13am
Quoting gatenio
{quote} S1 or R1?
Sorry i'm talking about DXY, its touched S1 on my chart, i'm short GBP from 1.3780
  • #576,890
  • Feb 9, 2021 4:14am Feb 9, 2021 4:14am
Quoting mysterio
{quote} Sorry i'm talking about DXY, its touched S1 on my chart, i'm short GBP from 1.3780
open TP?
Insane in the Brain..
  • #576,891
  • Feb 9, 2021 4:17am Feb 9, 2021 4:17am
Ingulfing bearish h4 candle at the lo
That is significant
Attached Image(s) (click to enlarge)
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yes yes yes
  • #576,892
  • Edited 4:28am Feb 9, 2021 4:17am | Edited 4:28am
Yeah I am hoping for a decent drop here.. 1.3750 minimum maybe more? I always have ambitious targets but end up TPing way before

Pivot at 1.3725 which is also 0.618 retrace between recent swing low and high would be great..?? Would advise locking it in at BE soon though. Euro also set for a drop

Others have been calling for an even steeper drop from here, even lower than 1.37 if you can stomach it

Zoom out on your chart and draw a rectangle as support/res on the 4h candles and you'll see the reason for a drop.. you gotta go back to Feb 2018!

Lastly you could say we've just broken a wedge/ending diagonal
  • #576,893
  • Feb 9, 2021 4:17am Feb 9, 2021 4:17am
My daily and weekly is showing also very weak dollar. Expecting some technical pullback but GU overall is very bullish.

Sold GU at 3783 as it was printing 30M pins into daily high.

Quoting gatenio
Dollar is oversold on 1h across the board.. rare!!!!
  • #576,894
  • Feb 9, 2021 4:21am Feb 9, 2021 4:21am
so from yesterday's flat up 3 hours then flat since, expect it to stay so til half through the day ... very good chance of a flat repeat to kill everyone except the straddlers
twitter: @gettoefl
  • #576,895
  • Feb 9, 2021 4:25am Feb 9, 2021 4:25am
Quoting wanted
{quote} Same to me, DXY will touch 90.5 then bounce
Good call
  • #576,896
  • Feb 9, 2021 4:28am Feb 9, 2021 4:28am
Quoting Moty
Ingulfing bearish h4 candle at the lo That is significant {image} {image}
your estimate of where it will go down ?
  • #576,897
  • Feb 9, 2021 4:28am Feb 9, 2021 4:28am
Quoting mysterio
Yeah I am hoping for a decent drop here.. 1.3750 minimum maybe more? I always have ambitious targets but end up TPing way before Pivot at 1.3725 which is also 0.618 retrace between recent swing low and high would be great..?? Would advise locking it in at BE soon though. Euro also set for a drop Others have been calling for an even steeper drop from here, even lower than 1.37 if you can stomach it Zoom out on your chart and draw a rectangle as support/res on the 4h candles and you'll see the reason for a drop.. you gotta go back to Feb 2018!
I think daily pivot will be a good point to TP and go long
Insane in the Brain..
  • #576,898
  • Feb 9, 2021 4:28am Feb 9, 2021 4:28am
hello guys..
Hope everyone made some good profits on long positions.
I had some positions hit as TP and some closed manually.
All in all good.

Now expecting the price to fall to at least 1.3580.
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My observation may be wrong but intent correct. Stay calm!
  • #576,899
  • Feb 9, 2021 4:30am Feb 9, 2021 4:30am
Quoting BeeTogether
{quote} I think daily pivot will be a good point to TP and go long
Yes, if it gets there that would be a great trade- a steep uninterrupted drop and at minimum a scalp from the pivot is always a good trade

The danger is 1.3735-45 holds and we blast off from there
  • #576,900
  • Feb 9, 2021 4:42am Feb 9, 2021 4:42am
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yes yes yes
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