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Cable Update (GBPUSD)

  • #577,381
  • Feb 11, 2021 12:13am Feb 11, 2021 12:13am
Quoting Sang.Real
{quote} Closed all messy trading. Waiting for L.O. for limit getting filled. Any comment welcome for educational purpose. Thanks {image}

GU

Revised Limit Order at L.O.


Any comment are welcome


Thanks
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  • #577,382
  • Feb 11, 2021 12:17am Feb 11, 2021 12:17am
I'm expecting a pulback until 1.37500 or 1.37000 who knows by the end of the week
  • #577,383
  • Feb 11, 2021 12:33am Feb 11, 2021 12:33am
Quoting Theoak
Short in at 1.3845 target 10 pips {image}
Just a few pips. Oscillator is showing potential bull strength. Lost a few pips yesterday being greedy.
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Don't trade what you think. Just what you see!!!
  • #577,384
  • Feb 11, 2021 1:10am Feb 11, 2021 1:10am
shorted at 1.385
tp 1.375
  • #577,385
  • Feb 11, 2021 1:17am Feb 11, 2021 1:17am
Quoting Ashishforex
Expecting a short term buy @1.3820 {image}
Take your profits of your "once in a lifetime trade" before it comes back!!
  • #577,386
  • Feb 11, 2021 1:27am Feb 11, 2021 1:27am
...1st attempt today at that prev 1hr/4hr swing hi zone to y/day's 3866 hi encountered supply there then demand at the prev 30min sw lo zone...1hr below.

scalpy market atm.
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Trader with an Edge.
  • #577,387
  • Feb 11, 2021 1:30am Feb 11, 2021 1:30am
looks like triangle working
  • #577,388
  • Feb 11, 2021 1:37am Feb 11, 2021 1:37am
1.36122 on my mind.

Trade safe everyone!
  • #577,389
  • Feb 11, 2021 1:39am Feb 11, 2021 1:39am
Quoting pipcenturion
1.36122 on my mind. Trade safe everyone!
in how many dayssss???
  • #577,390
  • Feb 11, 2021 1:44am Feb 11, 2021 1:44am
Quoting fxpro786
{quote} in how many dayssss???
Could take until Monday next week considering the average daily range of 131 pips (using a 480 period look back).
  • #577,391
  • Feb 11, 2021 1:46am Feb 11, 2021 1:46am
Quoting pipcenturion
{quote} Could take until Monday next week considering the average daily range of 131 pips (using a 480 period look back).
but when they are on steroids they don't care about ADR. may be they can go straight away 200 pips in either direction.
  • #577,392
  • Feb 11, 2021 1:48am Feb 11, 2021 1:48am
Quoting fxpro786
{quote} but when they are on steroids they don't care about ADR. may be they can go straight away 200 pips in either direction.
remeber that 131 pips single candle they draw on NEWS that shifts the momentum to the upside and surely many sellers are stucked in that candle which they not going to release until they burn their accounts. This thing happen again n again.
  • #577,393
  • Feb 11, 2021 1:49am Feb 11, 2021 1:49am
Market didn't like 1.3860, looks like we're forming a nice double top on h1. Shorting 1.3850 again, TP open. Bounce overnight was on the 76.4% fib extension of this leg. Again will lock it at BE after a drop.
  • #577,394
  • Feb 11, 2021 1:53am Feb 11, 2021 1:53am
Quoting soulreader
2H candle PA is not good for Buyers . Good Luck {image}
Warning sign for buyers ...
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  • #577,395
  • Feb 11, 2021 2:02am Feb 11, 2021 2:02am
Come on mf
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yes yes yes
  • #577,396
  • Feb 11, 2021 2:03am Feb 11, 2021 2:03am
Quoting mysterio
Market didn't like 1.3860, looks like we're forming a nice double top on h1. Shorting 1.3850 again, TP open. Bounce overnight was on the 76.4% fib extension of this leg. Again will lock it at BE after a drop.
Locked in at BE. Let's take out the asia low then we're going down to chinatown
  • #577,397
  • Feb 11, 2021 2:11am Feb 11, 2021 2:11am
2nd downside breach of 4hr rising wedge/asc t/line after pullback to 3819 where support was found.....challenging the prev 1hr/4hr sw lo = prev supp = pot supp @ that p/back lo now.

4hr is below.
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Trader with an Edge.
  • #577,398
  • Feb 11, 2021 2:13am Feb 11, 2021 2:13am
Attached Image
  • #577,399
  • Feb 11, 2021 2:18am Feb 11, 2021 2:18am
Quoting Sang.Real
{quote} GU Revised Limit Order at L.O. Any comment are welcome Thanks {image}

GU

Limit Order filled at London Open.

SL in place.

Any comment and ideas are welcome.


Thank You

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  • #577,400
  • Feb 11, 2021 2:18am Feb 11, 2021 2:18am
Good morning pro-traders, hope it will be a nice green day...my view for GBPUSD is still bullish...i expect a violent upward reaction in the zone 1.38...i still see 1.3920 as the first obstacle ahead.. with my best wishes.
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