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Cable Update (GBPUSD)

  • #579,621
  • Feb 22, 2021 4:25am Feb 22, 2021 4:25am
1.3942 on chart monthly is very strong resistance,around this level usualy some retrace on monthly or big down,or retrace,if it go more up.i look monthly.
  • #579,622
  • Feb 22, 2021 4:27am Feb 22, 2021 4:27am
short retailers maybe encountering panic should there be a another 80pips run from 1.40220
Keep the Lights on then you can catch the rise from the dark.
  • #579,623
  • Feb 22, 2021 4:34am Feb 22, 2021 4:34am
Recently, my channel has been rejected multiple times...
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Maadik Hugiis. IQ 69.
  • #579,624
  • Feb 22, 2021 4:39am Feb 22, 2021 4:39am
GBP is not strong today euro is stronger with USD. Today looks range and tomorrow with Powell testifies will go down and after will blame Powel for rising USD they do not blame GBP because is very high in the curve
  • #579,625
  • Feb 22, 2021 4:44am Feb 22, 2021 4:44am
Because eur is not overbought on H4 and daily.it can be strong
  • #579,626
  • Feb 22, 2021 4:46am Feb 22, 2021 4:46am
Quoting mysterio
{quote} Will wait for confirmation but planning long down at 3922/31 once we have broken through this level DXY on a tear but not sure it will last long
I should say IF we break this level, DXY crosses all looking very bullish. That might be it, correction over. Glad I locked in my pips where I did. I can't enter long right here, wait and see. I do think we'll push fresh highs this week, 1.41+ is easily imaginable for me. Might just be a trap to get people to buy, I'll stick with my original buy level. I did have 1.3988-4003 as a 1h demand zone as it was the source of the last big push up

DXY going to need a lot of firepower to break these lows, it's a strong weekly level

I want to see 10y Gilt yields closer to 1.0% before I start thinking about a deeper move down, plenty room to go
  • #579,627
  • Feb 22, 2021 4:51am Feb 22, 2021 4:51am
Quoting MoneyZilla
Recently, my channel has been rejected multiple times...{image}
just widen the channel
in wondering about yourself, you forgot what you came here to be part of
  • #579,628
  • Feb 22, 2021 4:54am Feb 22, 2021 4:54am
i looked monthly this level before 1.4236-resistance was ,4 candles stayed near it -4 candles monthly-after drop on monthly-from 1.42 to 1.20 but it takes one year to drop,i cant beleive they stay here without correction.but remember 4 candles stayed 1.42 and after drop.
  • #579,629
  • Feb 22, 2021 4:59am Feb 22, 2021 4:59am
Quoting viktoriaxz
{quote} You know bullish only h1,if look h4 daily weekly drop any moment but with H1 step by step 1.43 is possible.But drop will be fast drop and drop.
I’m hoping for a good rise towards 143 and then going bang to drop.
Insane in the Brain..
  • #579,630
  • Feb 22, 2021 5:03am Feb 22, 2021 5:03am
is it realy that we have to settle with 67 pips daily range ?
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yes yes yes
  • #579,631
  • Feb 22, 2021 5:10am Feb 22, 2021 5:10am
Quoting Moty
is it realy that we have to settle with 67 pips daily range ? {image}
PATIENCE
Like me, cuts losses quickly. But has more patience and lets his winn
  • #579,632
  • Feb 22, 2021 5:23am Feb 22, 2021 5:23am
gbpusd buy 1.40400 sl 1.40100 tp 1.40700
Like me, cuts losses quickly. But has more patience and lets his winn
  • #579,633
  • Feb 22, 2021 5:26am Feb 22, 2021 5:26am
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  • #579,634
  • Feb 22, 2021 5:26am Feb 22, 2021 5:26am
Quoting mysterio
{quote} I think we can drop down to the 1h demand at 3922/31 but decided to take profit at 85... 65 pips/6.5xR
Nice catch
  • #579,635
  • Feb 22, 2021 5:27am Feb 22, 2021 5:27am
5 tmf is time to short for 25 pips
  • #579,636
  • Feb 22, 2021 5:27am Feb 22, 2021 5:27am
the drop is coming
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yes yes yes
  • #579,637
  • Feb 22, 2021 5:29am Feb 22, 2021 5:29am
Quoting MehD-TR
{quote} Nice catch
Thanks pretty happy with that one! I was trading on my phone at 1am in bed, I think I have a problem. Got like 3 hours sleep
  • #579,638
  • Feb 22, 2021 5:29am Feb 22, 2021 5:29am
if this 4044 breaks, it will fly high..
Intraday only.
  • #579,639
  • Feb 22, 2021 5:30am Feb 22, 2021 5:30am
Fly to 1.45 and yearly end 1.48 was expected. Let us wipe out all sellers’ account
Damage
  • #579,640
  • Feb 22, 2021 5:31am Feb 22, 2021 5:31am
Still holding last week bullish positions. Seems we just concluded the 4th wave @H1, perhaps last leg of the bull run before a deep correction.
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