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Cable Update (GBPUSD)

  • #582,301
  • Mar 5, 2021 7:40am Mar 5, 2021 7:40am
Quoting ChiForex
{quote} Price missed my Tp again by some pips Anyways, I'm moving my Trailing stop to 1.3860 this time and lowering my Tp to 1.3750-60s
Trailing stop 1.3830
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #582,302
  • Mar 5, 2021 7:40am Mar 5, 2021 7:40am
crooks hunting stops
goldi with double bottom
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yes yes yes
  • #582,303
  • Mar 5, 2021 7:42am Mar 5, 2021 7:42am
What a miserable fakeout
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  • #582,304
  • Mar 5, 2021 7:42am Mar 5, 2021 7:42am
Quoting greengp
{quote} JUST AROUND DONE
nice !!

----------------------------------

Some momentum on knee-jerk reaction then found demand in that prev 4hr/dly sw lo that extends down to 3775 = prev supp = pot supp.....4hr below.
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Trader with an Edge.
  • #582,305
  • Mar 5, 2021 7:42am Mar 5, 2021 7:42am
If yesterday is anything to go by it seems GU picking up a few pips before a throw down again!
Insane in the Brain..
  • #582,306
  • Mar 5, 2021 7:48am Mar 5, 2021 7:48am
..descending / falling wedge on 1hr? below
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Trader with an Edge.
  • #582,307
  • Mar 5, 2021 7:49am Mar 5, 2021 7:49am
Quoting Amin1422
What a miserable fakeout {image}
Just hunting stop loss, the market should fall big
  • #582,308
  • Mar 5, 2021 7:54am Mar 5, 2021 7:54am
Quoting Headland
..descending / falling wedge on 1hr? below {image}
Falling wedge, possible bullish reversal outcome
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  • #582,309
  • Mar 5, 2021 7:54am Mar 5, 2021 7:54am
If 1.37780 go away it could be 1.37290
  • #582,310
  • Mar 5, 2021 7:57am Mar 5, 2021 7:57am
Quoting Amin1422
{quote} Falling wedge, possible bullish reversal outcome
Well anything can happen of course. There is bullish regular divergence on 15min/30min oscillators @ the current dly lo so who knows ?...just gotta play the set-ups and that was a buy @ support as it hit that zone to 3775 and very low t/fs began to react 1min+. It's in the context of a heavily bearish day so far! Never forget the context!
Trader with an Edge.
  • #582,311
  • Mar 5, 2021 8:05am Mar 5, 2021 8:05am
GU

Demand Zone + SRF + NFP = Spike Lee.



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  • #582,312
  • Mar 5, 2021 8:06am Mar 5, 2021 8:06am
Quoting RedCable
{quote} Just hunting stop loss, the market should fall big
A stop loss is just an order and 80%of retail place there stop at the same area, it becomes a huge order , it has to be filled.
  • #582,313
  • Mar 5, 2021 8:09am Mar 5, 2021 8:09am
Watching the price shake and fake first before entry while having my supper ... Gosh ~ I am too busy cut my loss short while waiting my runner

Don't make it too complicated..just enjoy first
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  • #582,314
  • Mar 5, 2021 8:09am Mar 5, 2021 8:09am
In my view the complete h 1 candle fall could be absorbed
  • #582,315
  • Mar 5, 2021 8:16am Mar 5, 2021 8:16am
price in to low. will resume downward after some correction.
  • #582,316
  • Mar 5, 2021 8:17am Mar 5, 2021 8:17am
Quoting redoan
{quote} A stop loss is just an order and 80%of retail place there stop at the same area, it becomes a huge order , it has to be filled.
If anyone placed their sell stop for a long position in that potential demand zone to 3775 they deserve to have it tripped lol!

... bearish hidden div present on 15min - likely good so long as 3904 holds.
Trader with an Edge.
  • #582,317
  • Mar 5, 2021 8:22am Mar 5, 2021 8:22am
Quoting greengp
in my view the complete h 1 candle fall could be absorbed
nice day up and down
  • #582,318
  • Mar 5, 2021 8:22am Mar 5, 2021 8:22am
Waiting for dxy to hit 91.64ish before shorting, depending on PA. I guess that's around 1.39. I managed to capitalise on the spike down at NFP but didn't think quickly enough to get in long.

I note also that EURUSD hit the daily channel bottom/bull flag before reversing exactly, same with gold hit its lower TL/61.8 retracement. Who knows maybe that was the bottom of the market..
  • #582,319
  • Mar 5, 2021 8:23am Mar 5, 2021 8:23am
Monday i will wait for retracment and will go long
The support is here
Sl hunt and spikes up
ReLy ugly staaff in the last days
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yes yes yes
  • #582,320
  • Mar 5, 2021 8:25am Mar 5, 2021 8:25am
Quoting babayaga
{quote} you are right about "some...forces", because when I saw today that crude went more than 450 pips UP after yesterday's completely BEARISH report.., yes, it is a sign.., from the other hand tomorrow cable PP around 1.3925th and she has to break 1.3860 to go down.., and because Fridays are unpredictable but were not insane recently, she could stay "quietly" in 1.3950-1.3850 range let's see {image}

I was wrong..,
I came home and I saw that she went to 1.3790th..,
"nice" run
btw DPP 1.3930 (DeMark's 1.3918) today

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are we going to BUY or SELL?
a kind or a rhetorical question
dolce vita
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