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Cable Update (GBPUSD)

  • #579,161
  • Feb 19, 2021 1:09am Feb 19, 2021 1:09am
Quoting Moty
{image}{image}
how are you bro?
still holding gu shorts?
  • #579,162
  • Feb 19, 2021 1:10am Feb 19, 2021 1:10am
Quoting Moty
1.4000 in the making {image}
oh, so you changed side...
  • #579,163
  • Feb 19, 2021 1:11am Feb 19, 2021 1:11am
Yesterday high still intact this might prompt a down move near 39420 for another fresh up runs
Keep the Lights on then you can catch the rise from the dark.
  • #579,164
  • Feb 19, 2021 1:19am Feb 19, 2021 1:19am
Let’s shout 1.41 together. Let us wipe out the sellers together! Shout with me!
Damage
  • #579,165
  • Feb 19, 2021 1:20am Feb 19, 2021 1:20am
Target for today:
either 1.40750 in a straight shot
or
1.39130 and then up to 1.4
WT
  • #579,166
  • Feb 19, 2021 1:22am Feb 19, 2021 1:22am
Today is friday there should a drop on GU by the end of the day.

lets see
  • #579,167
  • Feb 19, 2021 1:23am Feb 19, 2021 1:23am
Guys...IMHO ain't wise to buy at levels like 1.3970 or even 1.3950 as price didn't even reach 1.40 yet, as risk to reward is very bad... if it reaches later but doesn't break/base above your positions are vulnerable to drawdown, 1.3950-1.40 is a very tight zone to buy at, would be more wise to sell with SL after a clear base above 1.40 than buying, as retracement down has wider range of pips.
1.3950-70 might turn to be good buys only if price goes to 1.4130s and retraces back down, then you buy...according to how monthly closes too..

This is what I name good positioning, you want to buy at high price??, my said 1.3820s and then 1.3900s are strategic levels for that, both can turn to resistance later for short positions too...that's how you manage your TP/SL

✌
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #579,168
  • Feb 19, 2021 1:24am Feb 19, 2021 1:24am
for 20 points
Attached Image (click to enlarge)
Click to Enlarge Name: go.png Size: 39 KB
yes yes yes
  • #579,169
  • Feb 19, 2021 1:36am Feb 19, 2021 1:36am
GU can reach 1.40900 soon!
Just beware
  • #579,170
  • Feb 19, 2021 1:41am Feb 19, 2021 1:41am
Quoting Theoak
{quote} Long in at 1.3974 and 77 target 1.3986 {image}
Added to long and have just closed it down with small profit.

A lot of resistance at 86 not sure it would break. I took the money. If it breaks 86 will fly will jump on this. On hands at moment
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-02-19 073726.png Size: 41 KB
Don't trade what you think. Just what you see!!!
  • #579,171
  • Feb 19, 2021 1:48am Feb 19, 2021 1:48am
Should I close it or should I hold?

Any comments for education purpose only.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: e0787cb22d91a85a82f38240c09caa6f.png Size: 84 KB
  • #579,172
  • Feb 19, 2021 1:52am Feb 19, 2021 1:52am
Quoting Moty
for 20 points {image}
BooOOOmmmBayaahhh ~
  • #579,173
  • Feb 19, 2021 1:55am Feb 19, 2021 1:55am
Quoting Bartosz77
Target for today: either 1.40750 in a straight shot or 1.39130 and then up to 1.4
Are you READY...?
OK, time to sleep.
TP @ 1.40750
WT
  • #579,174
  • Feb 19, 2021 1:56am Feb 19, 2021 1:56am
G/M, yesterday's gmt+2 Dly candle a bullish engulfing thrust candle engulfed the previous 3 on that t/f. Y/day's pullback lo off the dly hi of 3985 is still intact @ the 38.2% of 3829-3985. The resulting 1hr/4hr prev sw hi @ y/day's hi looks vulnerable to an upside break now. This prev wkly sw lo zone = prev supp=pot sbr that started @ 3965 extends to circa 4006.

1hr below.
Attached Image (click to enlarge)
Click to Enlarge Name: b3cded98ce822def7892ff500a7d6217.png Size: 56 KB
Trader with an Edge.
  • #579,175
  • Feb 19, 2021 1:57am Feb 19, 2021 1:57am
Quoting Theoak
{quote} Added to long and have just closed it down with small profit. A lot of resistance at 86 not sure it would break. I took the money. If it breaks 86 will fly will jump on this. On hands at moment {image}
So you need to jump now...
WT
  • #579,176
  • Feb 19, 2021 1:58am Feb 19, 2021 1:58am
Near to wipe off the seller. Let us rocket
Damage
  • #579,177
  • Feb 19, 2021 1:59am Feb 19, 2021 1:59am
GBP Retail Sales m/m are not that promising but the cable just wants to kiss 1.4
maybe a huge downfall is coming soon after that
My observation may be wrong but intent correct. Stay calm!
  • #579,178
  • Feb 19, 2021 2:06am Feb 19, 2021 2:06am
Quoting Bartosz77
{quote} So you need to jump now...
What do you mean? There is a lot of resistance at this level. It could turn and go the other way
Don't trade what you think. Just what you see!!!
  • #579,179
  • Feb 19, 2021 2:08am Feb 19, 2021 2:08am
y's high is broken
up up and away we go
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 38 KB
Click to Enlarge Name: go.png Size: 39 KB
yes yes yes
  • #579,180
  • Feb 19, 2021 2:09am Feb 19, 2021 2:09am
Quoting Theoak
{quote} Added to long and have just closed it down with small profit. A lot of resistance at 86 not sure it would break. I took the money. If it breaks 86 will fly will jump on this. On hands at moment {image}
Long in at 1.3986 target 1.400
Don't trade what you think. Just what you see!!!
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