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Cable Update (GBPUSD)

  • #584,721
  • Mar 18, 2021 7:09am Mar 18, 2021 7:09am
3910 to 3880 is buy zone for today.

A big drop for tomorrow to me.
Intraday only.
  • #584,722
  • Mar 18, 2021 7:09am Mar 18, 2021 7:09am
wow , i am pleased with my analyze in the last 2 days , and also with my money management
i reduced my positions by half before the news , why to risk my profit ,
i am way above my daily profit target 70 $ ( i need only 60 per day )
Attached Image (click to enlarge)
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yes yes yes
  • #584,723
  • Mar 18, 2021 7:11am Mar 18, 2021 7:11am
...re data react - messy, then resolved south - well for a few pips anyway (so far?) ... testing bottom of a prev 1hr sw lo zone....1hr as below.

Below current dly lo a prev 1hr/4hr swing hi zone =prev res=pot rbs. 2 x fibs in there.
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Trader with an Edge.
  • #584,724
  • Mar 18, 2021 7:12am Mar 18, 2021 7:12am
Quoting vanca
hard week, i wonna se retest of past 2 hrs and then fly it would be better price first take of high then retest but buy limit at 1.39587, sl under last m15 low, target 1.41700 {image}
perfect entrie within 3 point,, price went x2.5, then return strong...out with BE
patience, patience, patience and after that more patience
  • #584,725
  • Mar 18, 2021 7:14am Mar 18, 2021 7:14am
Continuing to hold, lets see if we can get to the green demand area
Attached Image (click to enlarge)
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  • #584,726
  • Mar 18, 2021 7:15am Mar 18, 2021 7:15am
Can believe 258 traders and 94 members are in the momentum/it is called population
  • #584,727
  • Mar 18, 2021 7:16am Mar 18, 2021 7:16am
Quoting vanca
{quote} perfect entrie within 3 point,, price went x2.5, then return strong...out with BE
As predicted, price can't even break 1.3940 even after BOE decision. Better to wait until NY open before jumping in.
  • #584,728
  • Mar 18, 2021 7:17am Mar 18, 2021 7:17am
Quoting greengp
Can believe 258 traders and 94 members are in the momentum/it is called population
TP 1.39291
  • #584,729
  • Mar 18, 2021 7:17am Mar 18, 2021 7:17am
Quoting greengp
{quote} TP 1.39291
SL 1.39688
  • #584,730
  • Mar 18, 2021 7:20am Mar 18, 2021 7:20am
Must have missed something as the commentary from BoE was positive so why has GU dropped?
Insane in the Brain..
  • #584,731
  • Mar 18, 2021 7:23am Mar 18, 2021 7:23am
Seek for buying opportunity, guys. This drop is temporarily IMO
  • #584,732
  • Mar 18, 2021 7:25am Mar 18, 2021 7:25am
Quoting BeeTogether
Must have missed something as the commentary from BoE was positive so why has GU dropped?
1) No surprises
2) FED-like rethoric : "Clear evidence of progress" on inflation is needed before the BOE begins tightening – that is the message that markets have clung to and the result is a weaker pound. Less than 24 hours after the Federal Reserve announced its policy is "outcome-based" – acting after seeing prices rise rather than preempting them – the BOE seemed to have copied the message.
All in all, Bailey's blow to the pound may turn into another GBP/USD buying opportunity.
So seek opportunity to jump in long IMO
  • #584,733
  • Mar 18, 2021 7:27am Mar 18, 2021 7:27am
I belive i can fly..
  • #584,734
  • Mar 18, 2021 7:29am Mar 18, 2021 7:29am
My first target 1.40227
Like me, cuts losses quickly. But has more patience and lets his winn
  • #584,735
  • Mar 18, 2021 7:31am Mar 18, 2021 7:31am
Quoting lockstockd
{quote}Adjusted Sell Limit to 1.40500. Possibility of a dip to 1.39300 to grab liquidity then
1.39300 hit as expect (1.39285 on my broker) - reluctant to go long just yet as I was expecting a stronger rise up from this level.

Are we hitting 1.4 later today in NY session or testing previous low of 1.38508?
  • #584,736
  • Mar 18, 2021 7:33am Mar 18, 2021 7:33am
Will be interesting to see where the daily closes. Red area is sells only for me, if we close below the TL then 1.37-3750 is next. IMO. Bulls looking for a close above 1.4020
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  • #584,737
  • Mar 18, 2021 7:38am Mar 18, 2021 7:38am
Quoting mysterio
Will be interesting to see where the daily closes. Red area is sells only for me, if we close below the TL then 1.37-3750 is next. IMO. Bulls looking for a close above 1.4020 {image}
I can’t see a rise above 1.4010 today
Insane in the Brain..
  • #584,738
  • Mar 18, 2021 7:38am Mar 18, 2021 7:38am
Quoting BeeTogether
{quote} I can’t see a rise above 1.4010 today
Nope me neither! DXY is very bullish.
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  • #584,739
  • Mar 18, 2021 7:39am Mar 18, 2021 7:39am
Quoting BeeTogether
{quote} I can’t see a rise above 1.4010 today
expect the unexpected
  • #584,740
  • Mar 18, 2021 7:41am Mar 18, 2021 7:41am
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yes yes yes
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