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Cable Update (GBPUSD)

  • #584,001
  • Mar 16, 2021 3:05am Mar 16, 2021 3:05am
1h chart, divergence on Volume Leg and support 4h....this is the reason of my entry controtrend
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  • #584,002
  • Mar 16, 2021 3:07am Mar 16, 2021 3:07am
Quoting BeeTogether
{quote} could be a bear run this week
Bear Run i don't know but SMART MONEY seem want to take some profit....so "south direction" it's very probable
  • #584,003
  • Mar 16, 2021 3:09am Mar 16, 2021 3:09am
Quoting Moty
{quote} here a chance for 10 pts {image}
the odds for 10 down is higher, stay safe.
good luck with gu, saw you holding some underwater
  • #584,004
  • Mar 16, 2021 3:12am Mar 16, 2021 3:12am
H4
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  • #584,005
  • Mar 16, 2021 3:15am Mar 16, 2021 3:15am
Quoting helioss
1h chart, divergence on Volume Leg and support 4h....this is the reason of my entry controtrend {image}
out +8
  • #584,006
  • Mar 16, 2021 3:17am Mar 16, 2021 3:17am
Will 1.38288 hold ?
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yes yes yes
  • #584,007
  • Mar 16, 2021 3:21am Mar 16, 2021 3:21am
Quoting Student21
{quote} Yeeah i get you. In the night actually i had a short but it was stopped out quickly ... pain. Anyway yaa yesterday i missed the morning long' start so decided to chop the positions and place it partially today. Lets see. If the S2 holds i'd be up to at least S1 or more.
Same, was shorting from around 1.39. Unfortunately your equity doesn't care about the opportunities you nearly got or thought were good but you didn't execute on

I think it is too early to buy GU, I think dxy is headed up here. it broke yesterdays high and is just pulling back a bit. And I have trouble selling here as we're sitting in 4h/1h demand areas so no trade for now. If you're torn between buying and selling it's definitely a time to sit on your hands
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  • #584,008
  • Mar 16, 2021 3:22am Mar 16, 2021 3:22am
Quoting Moty
Will 1.38288 hold ? {image}
I think 1.38 will hold for now
my guess
dolce vita
  • #584,009
  • Mar 16, 2021 3:44am Mar 16, 2021 3:44am
Quoting KiwiTrada
{quote} finally she may be on the 1st move, taken 10hrs of patiently waiting but looking like she wants to fly, brits to decide??
seems psych 1 25000 holding for now, normally I would expect it to hold tonight I dont think it will, 1 2512 may prove troublesome, but if 1 25000 cant hold this rocket (baby) 2512 wont either, big call!!!
If you are new to Forex? Say Goodbye to your account!!
  • #584,010
  • Mar 16, 2021 3:44am Mar 16, 2021 3:44am
Quoting o0ehsan0o
{image}Hello Traders Last wave 50% correction and make double top we must see again last wave low and after it 1.618% fibo ret down wave target
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I think the market downturn continues ...
  • #584,011
  • Mar 16, 2021 3:46am Mar 16, 2021 3:46am
Quoting o0ehsan0o
{quote} {image}I think the market downturn continues ...
Good analysis
  • #584,012
  • Mar 16, 2021 3:47am Mar 16, 2021 3:47am
Quoting babayaga
{quote} I think 1.38 will hold for now my guess
then if she will break 1.3840th - 1.3865th

what do you think?
dolce vita
  • #584,013
  • Mar 16, 2021 3:54am Mar 16, 2021 3:54am
Ended up shorting at 1.38347 because of the CP on dxy and the picture on treasury yields, stop is at BE already, I think we can see 1.38 at least. If it pops up and stops me I'll just leave it.

Will TP around S2/1.38 if we get there

Just closed at 1.3817. Just a scalp
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  • #584,014
  • Mar 16, 2021 3:57am Mar 16, 2021 3:57am
last guess:

1.3810th then 1.3910 (WPP) or 1.3930 (DeMark's WPP)
dolce vita
  • #584,015
  • Mar 16, 2021 4:02am Mar 16, 2021 4:02am
1.3804
will I get it?
Attached Image
dolce vita
  • #584,016
  • Mar 16, 2021 4:02am Mar 16, 2021 4:02am
Quoting Sang.Real
{quote} GU almost there {image}

GU

Closed scalping position.

Wait for next set up to complete.

If any professional/ expert /experienced traders here would like to share next set up is much appreciated.

Thanks for helping Newbie.

Sincerely

Sang Real


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  • #584,017
  • Mar 16, 2021 4:07am Mar 16, 2021 4:07am
Based on the daily picture I posted on sat, I believe the downtrend will continue until 1.3750-1.3700 when we should turn bullish again. Ofc FOMC tomorrow can change everything

Would be perfect if we touched down into this area by tomorrow, Fed announces support for the bond market, creates a massive spike and we all make lots of money
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  • #584,018
  • Mar 16, 2021 4:08am Mar 16, 2021 4:08am
Short in at 1.3816 target 1.3800
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Don't trade what you think. Just what you see!!!
  • #584,019
  • Mar 16, 2021 4:09am Mar 16, 2021 4:09am
Quoting Georginson
Bought at 1.3845 target 1.3900
INTRADAY
Second buy limit set at 1.3805, I expect a bounce in the short term to 1.3920/1.3960 area before further fall to 1.3650 area this March as far as 1.4050 doesn't break.

SWING
short entry from 1.3950 still in place for a target of 1.3650.
Data + Stat + Risk/Emotions Management
  • #584,020
  • Mar 16, 2021 4:09am Mar 16, 2021 4:09am
GU

Scalping again.

SNR zone entry

Trade at your own risk

This is only newbie entry not trade recommendation.


Sang Real

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