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Cable Update (GBPUSD)

  • #577,601
  • Feb 12, 2021 12:51am Feb 12, 2021 12:51am
Quoting Ehsank78
{quote} question is will it get there?
Maybe? Maybe not? We'll see.
  • #577,602
  • Feb 12, 2021 12:53am Feb 12, 2021 12:53am
Quoting Ehsank78
{quote} question is will it get there?
IT WON'T
10 mins for important data
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yes yes yes
  • #577,603
  • Feb 12, 2021 1:00am Feb 12, 2021 1:00am
Quoting navk
{quote} 3780/87 to 3830/25 and then down to 3760.S2 IMO
I have a VAP level at 1.3822 but a price resistance level at 1.3835
  • #577,604
  • Feb 12, 2021 1:06am Feb 12, 2021 1:06am
Morning all. We don't reach 177** so today think that will test high 138612.
Time will tell
  • #577,605
  • Feb 12, 2021 1:08am Feb 12, 2021 1:08am
...uk data generally better than forecast, but still a total -9.8% drop in gdp in 2020 in uk. Price @ the current upside pullback hi has entered base of the 4hr part of a prev 1hr/4hr sw lo zone = prev supp = pot sbr.

15min bearish hidden div is present and maybe good so long as 3814 holds.

1hr below.
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Trader with an Edge.
  • #577,606
  • Feb 12, 2021 1:13am Feb 12, 2021 1:13am
Well, that was a premature ejaculation news.....
Watch 1.80 - 1.70 and I'll wait and see.
Lost....
  • #577,607
  • Feb 12, 2021 1:16am Feb 12, 2021 1:16am
i am waiting for a break of last hourly candle low
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yes yes yes
  • #577,608
  • Feb 12, 2021 1:27am Feb 12, 2021 1:27am
I am buying Gbpusd at 1.38. Tp 1.38600
  • #577,609
  • Edited 2:04am Feb 12, 2021 1:33am | Edited 2:04am
Long in at 1.3800 hoping to add at better price
Out Busted 20 pips
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Don't trade what you think. Just what you see!!!
  • #577,610
  • Feb 12, 2021 1:35am Feb 12, 2021 1:35am
...boe chief economist thinks v shaped 'pent up demand' recovery after uk lockdown, Johnson to outline a roadmap out of lockdown on 22nd feb, Uk vaccine rollout going v.well hampered a bit by cold/inclement weather. So, some good news for uk ? Will it have an affect?
Trader with an Edge.
  • #577,611
  • Feb 12, 2021 1:35am Feb 12, 2021 1:35am
Quoting Houtbay
I am buying Gbpusd at 1.38. Tp 1.38600
Wait for a break of decanding trend line
There a siries of LH and LL
Price is below y's low , open line and pivot line
The odds are against you
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yes yes yes
  • #577,612
  • Feb 12, 2021 1:36am Feb 12, 2021 1:36am
up 65% down 35% for me
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  • #577,613
  • Feb 12, 2021 1:40am Feb 12, 2021 1:40am
...1st potential upside obstacle is shown on 4hr below. There is a steeper 1hr desc t/line that comes thru that prev sw lo = prev supp = pot sbr zone.
Attached Image
Trader with an Edge.
  • #577,614
  • Feb 12, 2021 1:46am Feb 12, 2021 1:46am
Quoting Headland
...uk data generally better than forecast, but still a total -9.8% drop in gdp in 2020 in uk. Price @ the current upside pullback hi has entered base of the 4hr part of a prev 1hr/4hr sw lo zone = prev supp = pot sbr. 15min bearish hidden div is present and maybe good so long as 3814 holds. 1hr below. {image}
UK t:CUNUMY SHRANK 9.9'/o IN ZULU
12 February 2021, 09ÿ23
By Jason Douglas
LONDON"The U.K. recorded the largest drop in
output among major advanced economies in 2020,
according to ol:facial estimates.
The economy shrank 9.9%, the Of:face for National
Statistics said Friday, the largest full-year decline
among the Group of Seven advanced economies.
Write to Jason Douglas at [email protected]
(MORE TO FOLLOW) Dow Jones Newswires
February 12,202102ÿ23 ET (07ÿ23 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
  • #577,615
  • Edited 2:01am Feb 12, 2021 1:48am | Edited 2:01am
Yea all businesses shut apart from the FANGs, everyone under house arrest, yet great GDP guys! Fake money fake news I'll hold onto my short for now until we get to the breakout level

Will watch how the wedgie plays out. DXY looking bullish
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  • #577,616
  • Feb 12, 2021 1:56am Feb 12, 2021 1:56am
I told already, the bear party already started, target:1.369
Damage
  • #577,617
  • Feb 12, 2021 2:00am Feb 12, 2021 2:00am
Quoting abconqq7
I told already, the bear party already started, target:1.369
my target is 1.37360, i believe it will go lower because that
adr target base on the miss rabble movement of the last days
i wonder if anyone have a hma dashboard indi ? i looked for that , and didn't find
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yes yes yes
  • #577,618
  • Feb 12, 2021 2:05am Feb 12, 2021 2:05am
Quoting abconqq7
I told already, the bear party already started, target:1.369
even a broken clock is right twice a day.
----------------------------------------------

..price fell deeper into that prev 1hr/4hr sw hi zone =prev res = pot rbs with 2 x fibs confluence the 23.6% 3519-3866 is shown on my 4hr chart on post above... strong bounce from there so far. 1hr is below...that 88.6% is confluential with 50% 3566-3866. 1hr below.
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Trader with an Edge.
  • #577,619
  • Feb 12, 2021 2:07am Feb 12, 2021 2:07am
Quoting abconqq7
I told already, the bear party already started, target:1.369
Yes you did, for about a month when price was under 1.37 now price under 1.38 well done you nailed it
  • #577,620
  • Feb 12, 2021 2:10am Feb 12, 2021 2:10am
It will back to retest R
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