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Cable Update (GBPUSD)

  • #577,061
  • Feb 9, 2021 4:00pm Feb 9, 2021 4:00pm
Quoting ChiForex
GU approaching first monthly resistance 1.3820s talked about from my 1st February comment, maybe market will give bears some breath before flying to 1.3900s, although will like it to fly asap Retrace will face said daily/weekly previous resistance now support 1.3770/90
As GU touched 1.3820, Thank you folks for watching today's epic, running to sleep
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #577,062
  • Feb 9, 2021 5:21pm Feb 9, 2021 5:21pm
Reversal levels
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  • #577,063
  • Feb 9, 2021 5:33pm Feb 9, 2021 5:33pm
Quoting M.Fadly
NEXT 1.37489// 1.38612
NEXT 1.38759
Like me, cuts losses quickly. But has more patience and lets his winn
  • #577,064
  • Feb 9, 2021 8:02pm Feb 9, 2021 8:02pm
Tetris

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  • #577,065
  • Feb 9, 2021 8:32pm Feb 9, 2021 8:32pm
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  • #577,066
  • Feb 9, 2021 9:14pm Feb 9, 2021 9:14pm
Quoting palpite
sell - 1.3780
closed - 1.3820
Together we can be strongest
Vantage Return This Month: na
  • #577,067
  • Feb 9, 2021 9:17pm Feb 9, 2021 9:17pm
yes, 3842/50 is next level before retrace.
Intraday only.
  • #577,068
  • Feb 9, 2021 9:18pm Feb 9, 2021 9:18pm
Quoting MoneyZilla
There is NO shift in the upward trend, yet. The GBP buys need to start shrinking, for the trend to shift... Will be gladly buying the GBP in any small or big bear farts... {image}
sir, you say in your monday post that cable now down trend ? but you see???
  • #577,069
  • Feb 9, 2021 9:24pm Feb 9, 2021 9:24pm
Quoting navk
yes, 3842/50 is next level before retrace.
any chance of price coming back to 1.373 anytime soon?
  • #577,070
  • Feb 9, 2021 9:27pm Feb 9, 2021 9:27pm
Quoting Ehsank78
{quote} any chance of price coming back to 1.373 anytime soon?
if it stops at 3842/50,( should IMO ) then today low could be 3750.

IMO
Intraday only.
  • #577,071
  • Feb 9, 2021 9:29pm Feb 9, 2021 9:29pm
Quoting Level-Master
Reversal levels {image}
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  • #577,072
  • Feb 9, 2021 9:35pm Feb 9, 2021 9:35pm
Any RN can stop price right now, 0.25, 0.5, 0.75..
but dont count on big retrace.
Still wait for 3738-3750 to buy.
  • #577,073
  • Feb 9, 2021 9:37pm Feb 9, 2021 9:37pm
Quoting gatenio
Any RN can stop price right now, 0.25, 0.5, 0.75.. but dont count on big retrace. Still on my 3738-3750 to buy.
The price once breaks previous day high, it marches to R1 and then look to retrace or continue with the trend.
Intraday only.
  • #577,074
  • Feb 9, 2021 9:41pm Feb 9, 2021 9:41pm
Looks very interesting
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Fools Rushing
  • #577,075
  • Feb 9, 2021 9:48pm Feb 9, 2021 9:48pm
Quoting MoneyZilla
{quote} Using a simple 24 MA on H1 here. It gives just a slight advantage (not a game changer) on the draw-down side. {image}
apply upper lower band deviation 1 at 24 MA would be useful also
  • #577,076
  • Feb 9, 2021 9:48pm Feb 9, 2021 9:48pm
Quoting Ehsank78
{quote} any chance of price coming back to 1.373 anytime soon?
it is always better to trade with daily / 4hr trend.

As some one said, after retrace, buying is better than selling when daily trend is bullish,
Intraday only.
  • #577,077
  • Feb 9, 2021 9:49pm Feb 9, 2021 9:49pm
Quoting navk
{quote} The price once breaks previous day high, it marches to R1 and then look to retrace or continue with the trend.
thanks navk,
The logic are nice, but i dont use kind of things, when daily candle open it can open straight bullish for some pips, so this is a break of previous daily high?
Idk.. daily pivot are good but im using some other things like waves, WP and range.
but im sure you know what you are talking about.
Congrats on passing the test, you deserve it.
  • #577,078
  • Feb 9, 2021 9:50pm Feb 9, 2021 9:50pm
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yes yes yes
  • #577,079
  • Feb 9, 2021 9:51pm Feb 9, 2021 9:51pm
sell - 1.3824
Together we can be strongest
Vantage Return This Month: na
  • #577,080
  • Feb 9, 2021 10:02pm Feb 9, 2021 10:02pm
Quoting Moty
{image}{image}
much needed brother... i m stll holding my shorts...Its enough stretch on Rubber Band imo
Regret is Brutal
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