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Cable Update (GBPUSD)

  • #583,201
  • Mar 11, 2021 2:33am Mar 11, 2021 2:33am
Lol. I can't recall the last time cable and fiber moved the same direction. This is rare
when you can accurately predict the future, you leave nothing to chance.
  • #583,202
  • Mar 11, 2021 2:50am Mar 11, 2021 2:50am
... price dropped off current dly hi (38.2% 4242-3778) to the lower 1/2 of that 15min prev congestion channel and top of the prev 1hr sw lo zone down to 3925 and found support there with the 5min bullish hidden div and that big bullish thrust candle that engulfed a lot of previous others....price challenging prev 30min sw hi to current dly hi now. 1hr below.
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Trader with an Edge.
  • #583,203
  • Edited 3:13am Mar 11, 2021 2:54am | Edited 3:13am
Dollar reached the other end of a parallel channel, expect GU is free to drop now. Surprised 1.3950 is so resilient. I'm targeting the pivot just above 1.39, or maybe the 0.5 fib of the last major swing high/low 1.3903. GJ fell off a cliff but dollar put the brakes on. Thing is that huge dollar sell off might limit the downside for today, if 1.3950 breaks then I'll have to close and rethink

edit- too dicey. If it doesn't drop soon then I close it and wait. Didn't expect such a big move in the dollar and now GBP is picking up. Tough to trade today
  • #583,204
  • Mar 11, 2021 3:06am Mar 11, 2021 3:06am
looking for gold short previous 4hr highs 1738 sl just above 1740!!
If you are new to Forex? Say Goodbye to your account!!
  • #583,205
  • Mar 11, 2021 3:16am Mar 11, 2021 3:16am
They can't shake me
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yes yes yes
  • #583,206
  • Mar 11, 2021 3:22am Mar 11, 2021 3:22am
Quoting mysterio
Very weak dollar this morning. Noticed treasuries are being snapped up, yields falling off a cliff currently. Just dropped below 150bps. GU is resisting the pressure though so when dollar pulls back it looks like GU might drop.
Very good observation.
Data + Stat + Risk/Emotions Management
  • #583,207
  • Mar 11, 2021 3:29am Mar 11, 2021 3:29am
Quoting Georginson
{quote} Very good observation.
And there it goes.. that last up movement was just like pushing on a spring and then releasing it
  • #583,208
  • Mar 11, 2021 3:31am Mar 11, 2021 3:31am
You can't shake me take two
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yes yes yes
  • #583,209
  • Mar 11, 2021 3:35am Mar 11, 2021 3:35am
I'm very bullish bias today, with yesterday's moves. I believe this will move to 3930 then a move up. I hope to catch the move up at 3940 ish. The first target the previous highs
Don't trade what you think. Just what you see!!!
  • #583,210
  • Mar 11, 2021 3:37am Mar 11, 2021 3:37am
Looks like an M/double top to me, then it just needs to take out that little 5m demand area below it. Break above the upper TL invalidates
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  • #583,211
  • Mar 11, 2021 3:41am Mar 11, 2021 3:41am
... Price met supply @ the 3 fib cluster 3965-55 ...4hr is below.
Fibs shown are from 4242, 4182, and 4017 all to 3778.
Attached Image
Trader with an Edge.
  • #583,212
  • Mar 11, 2021 3:48am Mar 11, 2021 3:48am
Bulls would expect a the ride to continue till the monthly high after which if bears re emerge we could see a down move near 38577 for any buy validation.
Keep the Lights on then you can catch the rise from the dark.
  • #583,213
  • Mar 11, 2021 3:50am Mar 11, 2021 3:50am
Quoting Moty
You can't shake me take two {image}
yeah.. bastards! they shake me off yesterday from the gold..
very annoying trading sessions lately.

for me gold today with target 1750, i will tp at 1745.
  • #583,214
  • Mar 11, 2021 3:54am Mar 11, 2021 3:54am
Quoting Theoak
I'm very bullish bias today, with yesterday's moves. I believe this will move to 3930 then a move up. I hope to catch the move up at 3940 ish. The first target the previous highs
Long in at 1.3947 and 45 target 1.3960
Attached Image (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #583,215
  • Mar 11, 2021 3:57am Mar 11, 2021 3:57am
Bullish volume still present...
Attached Image (click to enlarge)
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  • #583,216
  • Mar 11, 2021 4:06am Mar 11, 2021 4:06am
Quoting helioss
Bullish volume still present... {image}
liking the bull volume!!

although it does look as if we stuck in another range
Insane in the Brain..
  • #583,217
  • Mar 11, 2021 4:09am Mar 11, 2021 4:09am
After the daily minor correction Cable has moved back within range of daily minor continuation within the larger degree wave , any minor correction on 4H is a buy so long as price action for continuation confirms on 1H
Follow The Markets Structure - Patience and Discipline
  • #583,218
  • Mar 11, 2021 4:11am Mar 11, 2021 4:11am
M.Zilla,T.Oak,S.Real

I just catch monster last night when going hunting and meditation in the cave
Attached Image
  • #583,219
  • Mar 11, 2021 4:15am Mar 11, 2021 4:15am
Quoting BeeTogether
{quote} liking the bull volume!! although it does look as if we stuck in another range
Hard figth
  • #583,220
  • Mar 11, 2021 4:22am Mar 11, 2021 4:22am
Quoting DailyChart
M.Zilla,T.Oak,S.Real I just catch monster last night when going hunting and meditation in the cave {image}
what a ** is this ?
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