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Cable Update (GBPUSD)

  • #583,801
  • Edited 3:48am Mar 15, 2021 3:32am | Edited 3:48am
Long target 12 pips in at 1.3933

OUT + 6.5 pips
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Don't trade what you think. Just what you see!!!
  • #583,802
  • Mar 15, 2021 3:34am Mar 15, 2021 3:34am
IMHO right now shorting GU is not very good idea, wait until it hits 3950 area at least for some R, now its in kind of no-mans land.

Quoting mysterio
Lets see if US yields find a base at or just below 160bps GU breaks above the channel/supply then I hold off Really want to cash out of EU and short GU there {image} {image}
  • #583,803
  • Mar 15, 2021 3:34am Mar 15, 2021 3:34am
Quoting phd893
{quote} {image}
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  • #583,804
  • Mar 15, 2021 3:35am Mar 15, 2021 3:35am
Good morning to us all! I'd be shorting 1.3943 for the next hour or less if it reaches up there for liquidity. Let's see. Safe trading : )
A trader is as good as his stop loss. Understand your mistakes.
  • #583,805
  • Mar 15, 2021 3:35am Mar 15, 2021 3:35am
This is SMART MONEY Sentiment CHart about BRITISH CME COT DATA BASED
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  • #583,806
  • Mar 15, 2021 3:39am Mar 15, 2021 3:39am
G/M, early asian session pullback of the upmove from top of the prev 1hr sw lo zone = prev supp = pot sbr just below the 61.8% 4017-3863, now also a prev 1hr sw hi zone...to the 61.8% of the move up from 3863 (friday's lo) to today's current hi finds buyers there in late asian session and through so far into early london session. 1hr below.
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Trader with an Edge.
  • #583,807
  • Mar 15, 2021 3:46am Mar 15, 2021 3:46am
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yes yes yes
  • #583,808
  • Mar 15, 2021 3:47am Mar 15, 2021 3:47am
Quoting Ilvez
IMHO right now shorting GU is not very good idea, wait until it hits 3950 area at least for some R, now its in kind of no-mans land. {quote}
Ya good call I'm sitting on my hands for now, see how far dollar pulls back, still not convinced by GU bulls

Plenty of action so far nice to see

Just re-entered 1h supply and tested exactly the channel from last wk, if its a stop hunt then I think it has to turn down in this area
  • #583,809
  • Mar 15, 2021 3:50am Mar 15, 2021 3:50am
Quoting ruben247
South Setup for the week. North wave is out of the picture for the time being {image}
top of the range being retested again. I added some more here. Last bustop before SOUTH side
  • #583,810
  • Mar 15, 2021 3:51am Mar 15, 2021 3:51am
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Money moves the market, not an indicator.
  • #583,811
  • Mar 15, 2021 3:52am Mar 15, 2021 3:52am
... upside breach of the steepest 1hr desc t/line - challenging this prev 1hr sw lo then hi zone again now, (see my chart above.)
Trader with an Edge.
  • #583,812
  • Mar 15, 2021 3:57am Mar 15, 2021 3:57am
Closed long now short
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  • #583,813
  • Mar 15, 2021 4:01am Mar 15, 2021 4:01am
..bullish 1hr and gmt+3 (daylight savings time now) 4hr closes. 4hr below.
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Trader with an Edge.
  • #583,814
  • Mar 15, 2021 4:02am Mar 15, 2021 4:02am
For 31 pips at least
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yes yes yes
  • #583,815
  • Mar 15, 2021 4:04am Mar 15, 2021 4:04am
Fibo 4H TP .397
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  • #583,816
  • Mar 15, 2021 4:07am Mar 15, 2021 4:07am
Quoting KiwiTrada
{quote} cable waiting for reaction if any to 1 3942ish ???
8hrs later we back to ground zero!!!
If you are new to Forex? Say Goodbye to your account!!
  • #583,817
  • Mar 15, 2021 4:12am Mar 15, 2021 4:12am
1.403 area may think scalp short..
  • #583,818
  • Mar 15, 2021 4:14am Mar 15, 2021 4:14am
Quoting Student21
Good morning to us all! I'd be shorting 1.3943 for the next hour or less if it reaches up there for liquidity. Let's see. Safe trading : )
Out at small profit, sitting on me hands, looking maybe for a short around 1.396, depends also on the PA.
A trader is as good as his stop loss. Understand your mistakes.
  • #583,819
  • Mar 15, 2021 4:29am Mar 15, 2021 4:29am
I am buying gold and Gbpusd currently
  • #583,820
  • Mar 15, 2021 4:30am Mar 15, 2021 4:30am
building up before a bulls run
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yes yes yes
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