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Cable Update (GBPUSD)

  • #578,061
  • Edited 9:56am Feb 15, 2021 9:45am | Edited 9:56am
I think correction is due... NY is closed thats why its holding up here.. i think tommorrow all sessions will take out frustration in dumping... lets see...
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  • #578,062
  • Feb 15, 2021 9:48am Feb 15, 2021 9:48am
If the price does not break 3915 today, one can expect a pullback to 3870/55.

If it breaks, then no.

IMO.
Intraday only.
  • #578,063
  • Feb 15, 2021 9:50am Feb 15, 2021 9:50am
I am sure the big boys will collect the shorts stops before heading down, temptation is just too obvious:

Attached Image

I really hope I am wrong for the sake of all retail traders out there.


Quoting kk300
I think correction is due... NY is closed thats why its holding up here.. i think tommorrow all sessions will take out frustration in dumping... lets see...
  • #578,064
  • Edited 10:23am Feb 15, 2021 9:57am | Edited 10:23am
Trading Central

GBP/USD ST May rise 130-310 PIPS further advance

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  • #578,065
  • Feb 15, 2021 10:02am Feb 15, 2021 10:02am
At last 30 min candle finish above 1.3910 , now the long can continue.
  • #578,066
  • Feb 15, 2021 10:08am Feb 15, 2021 10:08am
Quoting Ilvez
I am sure the big boys will collect the shorts stops before heading down, temptation is just too obvious: {image} I really hope I am wrong for the sake of all retail traders out there. {quote}
i think retailers are more shifting towards long..
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  • #578,067
  • Feb 15, 2021 10:13am Feb 15, 2021 10:13am
...back at desk updating charts - or not - nothing to update as cable london session is as left it @ 32 pip range - bigger range in Asian session lol! U.s bank Hol showing it's effect?

Price knocking on door of the current 3914 daily hi...1hr below.
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Trader with an Edge.
  • #578,068
  • Feb 15, 2021 10:16am Feb 15, 2021 10:16am
double cheeseburger setup?
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If you don't know how to earn money, don't loose it.
  • #578,069
  • Feb 15, 2021 10:18am Feb 15, 2021 10:18am
This prev 1hr / minor 4hr sw hi to 3914 = prev res = pot res is co-existent with the prev dly v.minor sw lo zone = prev supp = potential sbr to 3929 from March 2018. Dly R3 and Wkly R1 just above current dly hi in that zone and a bit higher still @ 3922 is the 161.8% extension of the 3866-3775 move. Above here 3943=mthly R2 before the start of a prev wkly sw lo zone=prev supp = pot sbr, starting @ 3965 and likely extending to 4006. Some secondary/tertiary potential res factors in that zone too.
Trader with an Edge.
  • #578,070
  • Feb 15, 2021 10:20am Feb 15, 2021 10:20am
Quoting coolmakina
double cheeseburger setup? {image}
Double Cheeseburger is definitely going down
  • #578,071
  • Feb 15, 2021 10:21am Feb 15, 2021 10:21am
Quoting xDREx
{quote} Double Cheeseburger is definitely going down
i can eat that
If you don't know how to earn money, don't loose it.
  • #578,072
  • Feb 15, 2021 10:24am Feb 15, 2021 10:24am
Quoting coolmakina
{quote} i can eat that
Speaking of which, I bet the bears could do with one now ! Wkly R1 reached.
Attached Image
Trader with an Edge.
  • #578,073
  • Feb 15, 2021 10:24am Feb 15, 2021 10:24am
Quoting Ilvez
I am sure the big boys will collect the shorts stops before heading down, temptation is just too obvious: {image} I really hope I am wrong for the sake of all retail traders out there. {quote}
can you show on the chart where those stops are ?
  • #578,074
  • Feb 15, 2021 10:25am Feb 15, 2021 10:25am
https://www.forexfactory.com/news/10...-year-highs-at
Fools Rushing
  • #578,075
  • Feb 15, 2021 10:25am Feb 15, 2021 10:25am
Quoting Headland
{quote} Speaking of which, I bet the bears could do with one now ! Wkly R1 reached. {image}
  • #578,076
  • Feb 15, 2021 10:26am Feb 15, 2021 10:26am
Quoting coolmakina
{quote} i can eat that
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If you don't know how to earn money, don't loose it.
  • #578,077
  • Feb 15, 2021 10:26am Feb 15, 2021 10:26am
Bulls are back.....High Volume Breakout
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  • #578,078
  • Feb 15, 2021 10:28am Feb 15, 2021 10:28am
I don’t have crystal ball. If I would I would surely set up trading signals service for the community

Quoting genadi
{quote} can you show on the chart where those stops are ?
  • #578,079
  • Feb 15, 2021 10:29am Feb 15, 2021 10:29am
Quoting Headland
{quote} Speaking of which, I bet the bears could do with one now ! Wkly R1 reached. {image}
they really need to eat something cause, they look so weak.
poor bears.
If you don't know how to earn money, don't loose it.
  • #578,080
  • Feb 15, 2021 10:29am Feb 15, 2021 10:29am
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yes yes yes
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