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Cable Update (GBPUSD)

  • #580,741
  • Edited 12:20am Feb 26, 2021 12:07am | Edited 12:20am
Quoting mysterio
{quote} I took 30 pips, switching back to sells based on the treasury yield situation
Closed +70. Sidelines for now. Could be a bounce at 1.3930 - 1hr demand

Keep in mind we broke and retested a 4hr trendline...also broke weekly pivot, dont just blindly buy
  • #580,742
  • Feb 26, 2021 12:23am Feb 26, 2021 12:23am
Now expect a mini bounce from 1.3945 area to 1.4070 area. Before resumption of fall.
Data + Stat + Risk/Emotions Management
  • #580,743
  • Feb 26, 2021 12:35am Feb 26, 2021 12:35am
1.3922-31 can provide a bounce, not necessarily a large bounce

Edit- just took it as a 10 pip scalp
  • #580,744
  • Feb 26, 2021 12:43am Feb 26, 2021 12:43am
stopped out of my long at 3943 for previous longs.

Now took long again 3931.

stop 3923
Intraday only.
  • #580,745
  • Feb 26, 2021 12:44am Feb 26, 2021 12:44am
Stop dropping mf
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CamScanner 02-26-2021 08.42_1.jpg Size: 112 KB
Click to Enlarge Name: CamScanner 02-26-2021 08.43_1.jpg Size: 128 KB
yes yes yes
  • #580,746
  • Feb 26, 2021 12:45am Feb 26, 2021 12:45am
Quoting Georginson
Now expect a mini bounce from 1.3945 area to 1.4070 area. Before resumption of fall.
The pair could see 1.3850 as it cracked the strong support of 1.4020. cracked of support indicates that the positive phase in GBP come to an abrupt END, the corrective pullback is likly to test 1.3850 and on the North side 1.4110 acting as a strong resistance !!!!
  • #580,747
  • Feb 26, 2021 12:52am Feb 26, 2021 12:52am
Quoting Moty
Stop dropping mf {image} {image}
MAYBE 1.3900-13850
Like me, cuts losses quickly. But has more patience and lets his winn
  • #580,748
  • Feb 26, 2021 12:52am Feb 26, 2021 12:52am
Quoting navk
stopped out of my long at 3943 for previous longs. Now took long again 3931. stop 3923
Hi Navk goinn long seems too early !!!!
  • #580,749
  • Feb 26, 2021 12:55am Feb 26, 2021 12:55am
Quoting Lastaccount
{quote} still valid, targeting 1.3935
horay, target meet..... saatnya shopping
  • #580,750
  • Feb 26, 2021 12:57am Feb 26, 2021 12:57am
Quoting Dr.Zain
{quote} Hi Navk goinn long seems too early !!!!
for 4020/50 today
Intraday only.
  • #580,751
  • Feb 26, 2021 12:57am Feb 26, 2021 12:57am
Quoting Dr.Zain
{quote} The pair could see 1.3850 as it cracked the strong support of 1.4020. cracked of support indicates that the positive phase in GBP come to an abrupt END, the corrective pullback is likly to test 1.3850 and on the North side 1.4110 acting as a strong resistance !!!!
Expect at least 150 pips correction of this down move which should take us to 1.4070 area. It's the market which can have other ideas. Let's see how it plays out. My short positions got reduced at the moment in order to sell higher.
Data + Stat + Risk/Emotions Management
  • #580,752
  • Feb 26, 2021 1:03am Feb 26, 2021 1:03am
Morning all! Looks like someone pulled the rug from the feet of cable overnight! Not sure if this the retrace that was pending for the lock and load to 145 although I can’t see it. Not bad time to look at my 4H or 1H charts yet but this drop does look damaging
Insane in the Brain..
  • #580,753
  • Feb 26, 2021 1:03am Feb 26, 2021 1:03am
Quoting ChiForex
{quote} IMHO GU still has a little rise to the said 1.4130-40 as a Max push then the sharp fall will come for some reason, mostly fundamental to join the technical outlook that's already overbought. I'll bet on that..and anyways SL is easy, tight and nearby at a base above 1.4130/40 on monthly while TP is way down..
Nobody can know the exact timing of the movement but that it was coming anyways is the importance.

Instead of doing it 3 days ago, GU kept clowning with a fake spike up to 1.4230s to crash down only before 1.5 day...why??
The answer is in Monthly, everything else is noise

We are back to 1.3920s support that was the main previous resistance.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #580,754
  • Feb 26, 2021 1:03am Feb 26, 2021 1:03am
I'll look for a buy down at 1.3840-54 which is the next 1hr demand after this one. We're also entering a daily demand area 1.3829-3902 soon, so i believe no significant retracement until then. Just IMO. Remember the strong fundamental news about the dollar, this isn't a normal time
  • #580,755
  • Feb 26, 2021 1:12am Feb 26, 2021 1:12am
Based on 1.4240, potential down to 1.3860

bought 1.3925, pending order buy 1.3860 for 100 pips

MM is everyting...
  • #580,756
  • Feb 26, 2021 1:13am Feb 26, 2021 1:13am
Quoting Yngwie
Short with small SL {image}

update running 250 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 22 KB
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #580,757
  • Feb 26, 2021 1:13am Feb 26, 2021 1:13am
if 3924 is stopped out,

Then will long at 3900
Intraday only.
  • #580,758
  • Feb 26, 2021 1:19am Feb 26, 2021 1:19am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 74 KB
  • #580,759
  • Feb 26, 2021 1:20am Feb 26, 2021 1:20am
She just keeps going on and on and on!!!!
Don't trade what you think. Just what you see!!!
  • #580,760
  • Feb 26, 2021 1:38am Feb 26, 2021 1:38am
Quoting Sang.Real
{quote} GU In negative position. Still holding Waiting for L.O. {image}
No bounce in sight yet.. let’s see if we go back towards 142 it will be over a week not instantaneous
Insane in the Brain..
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