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Cable Update (GBPUSD)

  • #582,521
  • Mar 8, 2021 3:19am Mar 8, 2021 3:19am
... since the move off 1410 lo last year, 807pips has been the deepest pullback in the uptrend that has developed since on the dly/wkly which happened in September last year 3482-2675, and now this sell off from 4242 trend hi - 3778 is the largest since then and that 2675 lo, @ 464pips, (4242-3778.) Will it get any larger?
Trader with an Edge.
  • #582,522
  • Mar 8, 2021 3:24am Mar 8, 2021 3:24am
buy limit on 1.38091
if it is falling wedge it will be good rr
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patience, patience, patience and after that more patience
  • #582,523
  • Edited 4:33am Mar 8, 2021 3:27am | Edited 4:33am
Also thinking of buying a little lower. I want dxy to hit 92.35 which is 0.618 retrace of the last major daily swing high/low and the top of a channel on the shorter TF.

GU demand area around 1.38 too

Started putting buys in around here 1.3817, TP open

Ofc it comes down to take out my BE stop then shoots up
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  • #582,524
  • Mar 8, 2021 3:27am Mar 8, 2021 3:27am
Return to OB and bulls step in 1.3810 ... is key. They may grab liquidity below 1.3800 before the real reversal up starts ... carefull with my Stops
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  • #582,525
  • Mar 8, 2021 3:29am Mar 8, 2021 3:29am
Quoting vanca
buy limit on 1.38091 if it is falling wedge it will be good rr {image} {image}
Lol..it's nothing like a falling wedge? Just look @ your own diagram you posted.
Trader with an Edge.
  • #582,526
  • Mar 8, 2021 3:32am Mar 8, 2021 3:32am
Quoting vanca
buy limit on 1.38091 if it is falling wedge it will be good rr {image} {image}
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patience, patience, patience and after that more patience
  • #582,527
  • Mar 8, 2021 3:34am Mar 8, 2021 3:34am
Quoting Headland
{quote} Lol..it's nothing like a falling wedge? Just look @ your own diagram you posted.
Its not school example but nevertheless iam in and on be
patience, patience, patience and after that more patience
  • #582,528
  • Mar 8, 2021 3:35am Mar 8, 2021 3:35am
Quoting Headland
{quote} Lol..it's nothing like a falling wedge? Just look @ your own diagram you posted.
To me it looks more like a descending triangle. Ps not an expert
  • #582,529
  • Mar 8, 2021 3:38am Mar 8, 2021 3:38am
strength's of USD and GBP are in balance.
Now and then USD gets the overhand but its not convincing.
Sideways movement until one convincingly turns
in wondering about yourself, you forgot what you came here to be part of
  • #582,530
  • Mar 8, 2021 3:40am Mar 8, 2021 3:40am
Quoting Forex.z1
{quote} To me it looks more like a descending triangle. Ps not an expert

Yeh more that than the other, but really neither for me. We all see different things I guess!
Trader with an Edge.
  • #582,531
  • Mar 8, 2021 3:52am Mar 8, 2021 3:52am
You shell not pass the 50 ema band mf
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yes yes yes
  • #582,532
  • Mar 8, 2021 3:52am Mar 8, 2021 3:52am
GU waiting for Bailey. Downside 1.3750-60s Upside around 1.3900 to 1.3920, and 1.3960s will hold the pair.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #582,533
  • Mar 8, 2021 3:54am Mar 8, 2021 3:54am
https://events.resolutionfoundation....ook-ini816sz9c

Bailey Live....to whom interested
Twitter: Rummer_grapes
  • #582,534
  • Mar 8, 2021 3:54am Mar 8, 2021 3:54am
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Do more of what works and less of what doesn't
  • #582,535
  • Mar 8, 2021 4:01am Mar 8, 2021 4:01am
kiwi bears going in to attack 7100 important level
If you are new to Forex? Say Goodbye to your account!!
  • #582,536
  • Mar 8, 2021 4:05am Mar 8, 2021 4:05am
SL 1.38107
  • #582,537
  • Mar 8, 2021 4:11am Mar 8, 2021 4:11am
MACD divergence on H4

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  • #582,538
  • Mar 8, 2021 4:15am Mar 8, 2021 4:15am
Quoting KiwiTrada
kiwi bears going in to attack 7100 important level
Every pair against dollar is dropping accept of gu
Look at eu , Aussie
The crooks are in the gu pair
yes yes yes
  • #582,539
  • Mar 8, 2021 4:27am Mar 8, 2021 4:27am
Switched to short
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Do more of what works and less of what doesn't
  • #582,540
  • Mar 8, 2021 4:34am Mar 8, 2021 4:34am
Quoting Moty
{quote} Every pair against dollar is dropping accept of gu Look at eu , Aussie The crooks are in the gu pair
moti,

to me the price is going to 3900 in ny session.

support 3800
Intraday only.
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