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Cable Update (GBPUSD)

  • #580,541
  • Feb 25, 2021 4:51am Feb 25, 2021 4:51am
Quoting Forex.z1
{quote} I am not an expert but I think GU is printing a Bearish Flag. I am anticipating the price to reach 1.42 then drop to 1.40. This is what I am hoping, its another matter if it happens lol. You are doing well mate, keep it up.
I have it as a bear flag too although the top is 1.4180 the way i've drawn it

Also looking for 1.40 then daily demand at 1.3830-3900ish. That would also be a test of a daily TL
  • #580,542
  • Feb 25, 2021 4:56am Feb 25, 2021 4:56am
Quoting Forex.z1
{quote} I am not an expert but I think GU is printing a Bearish Flag. I am anticipating the price to reach 1.42 then drop to 1.40. This is what I am hoping, its another matter if it happens lol. You are doing well mate, keep it up.

Received Loud and Clear Cap.

Attached Image


Thanks
  • #580,543
  • Feb 25, 2021 5:05am Feb 25, 2021 5:05am
Sang Real the direction is upwards
  • #580,544
  • Feb 25, 2021 5:05am Feb 25, 2021 5:05am
GU is currently dragging despite DXY weakness. EURGBP recently formed a hammer on the Daily TF at a major support and the instrument is already oversold, an indication for a possible upside move which may drag cable down. I have closed all my cable long positions despite the fact that they are all in profit. I want to stay off until the coast is clear.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURGBP.PNG Size: 36 KB
  • #580,545
  • Feb 25, 2021 5:14am Feb 25, 2021 5:14am
gbpusd today
resisten 1.42100
support 1.40700
Like me, cuts losses quickly. But has more patience and lets his winn
  • #580,546
  • Feb 25, 2021 5:15am Feb 25, 2021 5:15am
the drop is coming
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx.png Size: 20 KB
Click to Enlarge Name: gu1.png Size: 22 KB
yes yes yes
  • #580,547
  • Feb 25, 2021 5:22am Feb 25, 2021 5:22am
Quoting navk
4176 is ceiling to me today.

Thanks for the view Bro.

Noted 4176.

Attached Image
  • #580,548
  • Feb 25, 2021 5:24am Feb 25, 2021 5:24am
Quoting Sang.Real
{quote} Thanks for the view Bro. Noted 4176. {image}
  • #580,549
  • Feb 25, 2021 5:26am Feb 25, 2021 5:26am
Alright South Passengers, the bus is full and it's time to go. Seat belt please
  • #580,550
  • Feb 25, 2021 5:32am Feb 25, 2021 5:32am
Quoting mysterio
{quote} Still in this-tweaked the stop to stay in. DXY is dropping way more than expected, but it's not dragging cable up much. Once it finds support it should come good. I guess this is the dxy H&S move, it could drop a fair amount
Added another short on the retest of the hourly trendline, will get my stop to BE soon. Note a double top with bearish divergence too
  • #580,551
  • Feb 25, 2021 5:37am Feb 25, 2021 5:37am
Quoting Houtbay
Sang Real the direction is upwards

Thanks Houtbay for your comment.

But, I'm sure there a limit to the upside. Would it test yesterday high or just drop.

Unless I'm Clark Kent.

Attached Image



Trade Safely
  • #580,552
  • Feb 25, 2021 5:44am Feb 25, 2021 5:44am
Quoting vanca
{image}
i hope somone took some short at this marked zone
patience, patience, patience and after that more patience
  • #580,553
  • Feb 25, 2021 5:45am Feb 25, 2021 5:45am
100 $ booked on gold
the drop is here
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 77 KB
yes yes yes
  • #580,554
  • Feb 25, 2021 5:55am Feb 25, 2021 5:55am
Price seal inside Daily & 8 hours Range
  • #580,555
  • Feb 25, 2021 6:08am Feb 25, 2021 6:08am
what a trade
Attached Image (click to enlarge)
Click to Enlarge Name: 1fe3f3f3c8769c6307ef651bbe7533e7.png Size: 76 KB
patience, patience, patience and after that more patience
  • #580,556
  • Feb 25, 2021 6:09am Feb 25, 2021 6:09am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 42 KB
Attached Image (click to enlarge)
Click to Enlarge Name: eg.png Size: 38 KB
yes yes yes
  • #580,557
  • Feb 25, 2021 6:11am Feb 25, 2021 6:11am
Quoting vanca
{quote} i hope somone took some short at this marked zone
if crook/big boys want to shoot; and no enough to do it; london had shown just now; could be a trap for short this pair this week
  • #580,558
  • Feb 25, 2021 6:17am Feb 25, 2021 6:17am
Quoting Sang.Real
{quote} GU The trade that bounce from limit order. Ready to break the resistant or do GU want to drop now ?..... Any idea guys ? Hope Expert & Experience Trader and Professional Traders can help me with this now. Should I close or let it take my SL ?. {image}

GU

Regroup

Counter attack ?


Attached Image (click to enlarge)
Click to Enlarge Name: GU 227.jpg Size: 302 KB


Is it a wise move to go LONG again ?...........

Any view/comment are welcome
  • #580,559
  • Feb 25, 2021 6:26am Feb 25, 2021 6:26am
Quoting Sang.Real
{quote} GU Regroup Counter attack ? {image} Is it a wise move to go LONG again ?........... Any view/comment are welcome
just one question
why all the lots you enter not solid number

for example 0.49
why not go for 0.5
  • #580,560
  • Feb 25, 2021 6:27am Feb 25, 2021 6:27am
Quoting Sang.Real
{quote} GU Regroup Counter attack ? {image} Is it a wise move to go LONG again ?........... Any view/comment are welcome
Could be a bad move. Like really ugly one. your call btw
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