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Cable Update (GBPUSD)

  • #577,361
  • Feb 10, 2021 3:26pm Feb 10, 2021 3:26pm
Needs to break 3827 to go into a correction , already the third minor swing is playing its hand and so i would not expect a deep correction maybe a retest of the 3762 high that was broken and slightly into the range to pick up some more sellers on the way down before powering on up again.

Again minor downtrend reversing minor up trend hardly of any concern for the bulls , just the shorts getting trapped again.


Daily larger and smaller degree trends still fully intact and farrrrrrrrrrrr from ooooooooooooovvvvvvverrrrrrrrrrr
Follow The Markets Structure - Patience and Discipline
  • #577,362
  • Feb 10, 2021 3:33pm Feb 10, 2021 3:33pm
last one..,
I wonder if I have to leave it (I do not want to put SL)...?????, but it is only 17 pips (almost today's day range)
excuse me
any thoughts
...from other hand I do believe that she won't return here ( 1.3750) for a while
Attached Image
dolce vita
  • #577,363
  • Feb 10, 2021 3:43pm Feb 10, 2021 3:43pm
Quoting babayaga
last one.., I wonder if I have to leave it (I do not want to put SL)...?????, but it is only 17 pips (almost today's day range) excuse me any thoughts ...from other hand I do believe that she won't return here ( 1.3750) for a while {image}

tomorrow PP will be around 1,3830.., I will leave my trade

thank you for any thoughts, anyway
dolce vita
  • #577,364
  • Feb 10, 2021 3:58pm Feb 10, 2021 3:58pm
Hi all,

Done for today.

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God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #577,365
  • Feb 10, 2021 4:22pm Feb 10, 2021 4:22pm
Chart updated for Thursday.
due to todays PA, WPA levels were updated, wided...
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If you don't know how to earn money, don't loose it.
  • #577,366
  • Feb 10, 2021 4:23pm Feb 10, 2021 4:23pm
https://www.forexfactory.com/thread/...2#post13403712
After 12345 pattern corrective AB=CD pattern has been achieved...Test of picking the highs successful ( at least today)...I covered my short trade on the first touch of 1.618 level in the green reversal zone suspecting that spread of 6 pips before 5 pm NY time will finish the pattern later on...
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Always trade your own plan...I don't provide trading signals.
  • #577,367
  • Feb 10, 2021 4:25pm Feb 10, 2021 4:25pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
My view..
Don't follow
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Studing..............
  • #577,368
  • Feb 10, 2021 7:17pm Feb 10, 2021 7:17pm
Quoting Coreg2004
https://www.forexfactory.com/thread/...2#post13403712 After 12345 pattern corrective AB=CD pattern has been achieved...Test of picking the highs successful ( at least today)...I covered my short trade on the first touch of 1.618 level in the green reversal zone suspecting that spread of 6 pips before 5 pm NY time will finish the pattern later on... {image}
below 3865, bigger move down I expect.

Today.
Intraday only.
  • #577,369
  • Feb 10, 2021 8:43pm Feb 10, 2021 8:43pm
Come on 3900
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #577,370
  • Feb 10, 2021 8:56pm Feb 10, 2021 8:56pm
Quoting Yngwie
Come on 3900 {image}
it might just re-test 3850 before heading south ALL the way to Miami
  • #577,371
  • Feb 10, 2021 9:11pm Feb 10, 2021 9:11pm
close some short

hold some short
same time enter buy
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  • #577,372
  • Feb 10, 2021 9:29pm Feb 10, 2021 9:29pm
Quoting Sang.Real
{quote} GU Two position stopped out. Re-entry short scalping. {image}

Closed all messy trading.

Waiting for L.O. for limit getting filled.

Any comment welcome for educational purpose.

Thanks

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  • #577,373
  • Feb 10, 2021 10:53pm Feb 10, 2021 10:53pm
Still no break
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yes yes yes
  • #577,374
  • Feb 10, 2021 11:07pm Feb 10, 2021 11:07pm
it's making a cup of tea
  • #577,375
  • Feb 10, 2021 11:19pm Feb 10, 2021 11:19pm
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  • #577,376
  • Feb 10, 2021 11:21pm Feb 10, 2021 11:21pm
Quoting ChiForex
GU trying to keep basing above said 1.3820s first monthly resistance turned support now to target main monthly goal at 1.3900s
Again still forming a base above 1.3820s, this time on daily to attack 1.3900s. Today might reach the goal.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #577,377
  • Feb 10, 2021 11:35pm Feb 10, 2021 11:35pm
Expecting a short term buy @1.3820
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  • #577,378
  • Feb 10, 2021 11:46pm Feb 10, 2021 11:46pm
Short in at 1.3845 target 10 pips
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Don't trade what you think. Just what you see!!!
  • #577,379
  • Edited Feb 11, 2021 12:04am Feb 10, 2021 11:49pm | Edited Feb 11, 2021 12:04am
G/M, price was 300pips up from the last week's immediate pre Boe announcement 3566 lo @ yesterday's 3866 hi...then the pullback to 23.6% of that 3566-3866 move and steepest 1hr/4hr asc t/line...where fresh demand was found. A 5th consecutive day of buying yesterday then, and although the sub 30day adr daily candle (on gmt+2) closed as a bullish bodied candle it was effectively a hammer.

To the immediate upside;

3854-66 prev 1hr/4hr sw hi zone = prev res = pot res incl 3865 = Dly R1
3878 Wkly R2
3880 161.8% 3759-3566 move
3885 150% 3482-2675
3892-3929 v.minor prev dly sw lo zone = prev supp = pot sbr incl 3897 = Dly R2, 3929 = Dly R3
3943 Mthly R2


1hr is below.
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Trader with an Edge.
  • #577,380
  • Feb 11, 2021 12:10am Feb 11, 2021 12:10am
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