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Cable Update (GBPUSD)

  • #581,401
  • Mar 2, 2021 1:17am Mar 2, 2021 1:17am
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yes yes yes
  • #581,402
  • Mar 2, 2021 1:23am Mar 2, 2021 1:23am
Quoting M.Fadly
{quote} save your money

Thank you for your great advice & liquidity.

Need to learn from you more often

And watch your posting as guide for my future trade.

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  • #581,403
  • Mar 2, 2021 1:29am Mar 2, 2021 1:29am
... the prev 1hr/4hr/dly sw lo zone = prev supp = pot (potential) supp starting circa 3845 extends down to 3829...2 x fibs of the major swing lo's to 4242 in there too with another @ 3828. 4hr below. Dly S2 just above @ 3847.
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Trader with an Edge.
  • #581,404
  • Mar 2, 2021 1:30am Mar 2, 2021 1:30am
can someone tell me DYX move because of EUR /USD move or opposite

EUR/USD move because DYX move thank you
  • #581,405
  • Mar 2, 2021 1:32am Mar 2, 2021 1:32am
Quoting CuriousTrade
This will fall further until tom. Thank me tomorrow 2 ways. Sideways or down. Theres no uptrend as of now how to play the us strength is to buy ever time dollar dips
Yeah, it will fall further down because most people like me are still holding our longs. Once they're done wiping us out, the uptrend will resume.

Already got a margin call email
when you can accurately predict the future, you leave nothing to chance.
  • #581,406
  • Edited 4:26am Mar 2, 2021 1:32am | Edited 4:26am
GU

Touch the SNR Zone

Waiting for LTF long set up.

Analysis by /newbie using SNR.
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  • #581,407
  • Mar 2, 2021 1:39am Mar 2, 2021 1:39am
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Quoting BartoszKKK

  1. 23 February 2021 18:31

End L Take S H4/D1 its time to go down ;-)


GREAT MOVE :-)
  • #581,408
  • Mar 2, 2021 1:40am Mar 2, 2021 1:40am
Quoting Enis
can someone tell me DYX move because of EUR /USD move or opposite EUR/USD move because DYX move thank you
Both in a sense, but mostly EURUSD moves DXY as it is the main constituent of the index. With that said people can trade DXY which will move the index which in turn can have a correlation effect and so influence all of the dollar crosses. I'm sure there are algos which exploit any inefficiencies. Its a bit like why stock market indexes can follow technicals. Although primarily the index is a composite of the underlying stock prices, people can trade the index futures and ETFs so it will indirectly affect the underlying stocks as well. That's the way I understand it anyway

Someone told me there was a gap on dxy at 91.40, which it directly hit. I can't see the gap on my chart does anyone have one? Would explain that last dash move
  • #581,409
  • Mar 2, 2021 1:45am Mar 2, 2021 1:45am
Quoting Enis
can someone tell me DYX move because of EUR /USD move or opposite EUR/USD move because DYX move thank you
dixie is like an inverted 5 day moving average of eurusd
twitter: @gettoefl
  • #581,410
  • Mar 2, 2021 1:46am Mar 2, 2021 1:46am
maybe it will be retrace but i went short now with big stop.
  • #581,411
  • Mar 2, 2021 1:48am Mar 2, 2021 1:48am
Quoting ChiForex
GU will find long term resistance starting 1.4060s and possibly up to 1.4100-20, a base above 1.4120 will open the sky for bulls, while on downside 1.3860 is an important support, a base below will take the pair to 1.3760-30 strong support that should lead to a bounce upward. If 1.3730 level get based below later on, the slide can reach to around 1.3330 that should hold the pair from falling in March and give a nice upward bounce back to 1.3730-60 The downward movement looks to be more favourable with wide range of pips but on upside a steady base...
GU still holding above the said support 1.3860, basing below will target down to the lower said supports, can't see it really stopping/bouncing before if 1.3860 is gone.
On upside reversal can target up to the said resistances on high time frames trading.
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #581,412
  • Mar 2, 2021 1:50am Mar 2, 2021 1:50am
if look daily forget about 1.3860.daily target now 1.37-- -1.36--,but it depends
  • #581,413
  • Mar 2, 2021 2:05am Mar 2, 2021 2:05am
1.3850 Buyer reign
  • #581,414
  • Mar 2, 2021 2:10am Mar 2, 2021 2:10am
Can’t see 1.4 today. Tomorrow is the budget which will have an effect on the direction. Even though some of the data has been leaked already I suppose only after Sunak delivers his spiel will we see a more market direction.

For today though if going long I’d keep the SL just below 13830 but look for a take profit area of just over 13910. If trading for more than intraday use the sliding SL and t/p to manage the risk
Insane in the Brain..
  • #581,415
  • Mar 2, 2021 2:11am Mar 2, 2021 2:11am
Buy zone
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Stay low, Go fast - No luck, All skill
  • #581,416
  • Mar 2, 2021 2:12am Mar 2, 2021 2:12am
Single print lows ... I anticipate a swing back to arb zone @1.3933 area off these lows of the week and day @1.3858 .. Lets see!
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  • #581,417
  • Mar 2, 2021 2:17am Mar 2, 2021 2:17am
Possible will touch lvl 38.2 (fibo monthly) before go to upside
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  • #581,418
  • Mar 2, 2021 2:21am Mar 2, 2021 2:21am
Quoting BeeTogether
Can’t see 1.4 today. Tomorrow is the budget which will have an effect on the direction. Even though some of the data has been leaked already I suppose only after Sunak delivers his spiel will we see a more market direction. For today though if going long I’d keep the SL just below 13830 but look for a take profit area of just over 13910. If trading for more than intraday use the sliding SL and t/p to manage the risk
I'm thinking about dxy coming down for its second wave around now, if that is the case then maybe 1.40 but you're right probably not today or not this morning at least

We also have that fresh 1h demand which hasn't quite hit, but has in the 4h chart. If you draw a base from the candles preceding this move on the 18th feb (4h chart) then we've hit
  • #581,419
  • Mar 2, 2021 2:25am Mar 2, 2021 2:25am
Buyers zone 2.3850-1.3868... Run way turbo, preparing take off
  • #581,420
  • Mar 2, 2021 2:30am Mar 2, 2021 2:30am
1st test and equal current dly lo @ bottom of the the prev 30min sw lo zone - may fiirm up into a prev 1hr sw lo zone?....pinbars there from 3min to 15min and the regular bullish div on those t/f's and higher.. small and tight London range so far. 74% 30day adr covered so far today.

1hr below.
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