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Cable Update (GBPUSD)

  • #585,201
  • Mar 21, 2021 5:01am Mar 21, 2021 5:01am
Quoting longshot_nl
GU looks bearish to me on 4h chart. {image} Perhaps to this level on daily. {image}
nice ... grigor agrees too ... gann sees one more trip to 139 for e of the triangle
Inserted Video
twitter: @gettoefl
  • #585,202
  • Mar 21, 2021 5:04am Mar 21, 2021 5:04am
if that might interest someone-

Monday. March 22

  1. Fed's Barkin discusses Covid scarring
  2. Feds Powell takes part in BIS panel on central bank innovation (9 AM ET)
  3. Fed's Bowman gives speech on economic outlook (5:30 PM ET)

Tuesday, March 23

  1. Feds Bullard discusses economy at LSE event (9 AM ET)
  2. Fed's Barkin takes part in virtual discussion (11 AM ET)
  3. Powell, Yellen appear before House panel on CARES act (12 PM ET)
  4. Feds Williams takes part in virtual discussion ( 2:45 PM ET)

Wednesday, March 24

  1. Fed's parking takes part in virtual discussion (8:50 AM ET
  2. Feds Powell and Treasury Secretary Yellen appear before Senate banking panel (10 AM ET)
  3. Feds Williams takes part in moderated discussion (1:35 PM ET)
  4. Fed's Evans discusses the economic outlook: (6 PM ET)

Thursday, March 25

  1. Feds Bostic gives speech at economic club of New York (12 PM ET)
  2. Fed's Evans discusses the economic outlook (1 PM ET)
  3. Fed's LaRita speaks on the outlook for the economy and monetary policy (3:45 PM)
  4. Fed's Daly discusses monetary policy (7 PM ET)

My observation may be wrong but intent correct. Stay calm!
  • #585,203
  • Edited 7:09am Mar 21, 2021 6:50am | Edited 7:09am
$ can be seen in UJ monthly cleaner -maybe we can say 3 soldier on UJ.
How this Q close is important ,as its at piercing line type location against bear, a little higher is better-just go by eye
The blue tl is not real as I've drawn it because its 2 point ,
The $ is very oversold
also the lower it goes, it is inflationary all on its own without injecting money right into the centre of an economy .
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #585,204
  • Mar 21, 2021 6:58am Mar 21, 2021 6:58am
Quoting M.Fadly
{image}
belki de böyle bir bir şey

https://www.mql5.com/en/charts/13646...-group-limited
  • #585,205
  • Mar 21, 2021 7:23am Mar 21, 2021 7:23am
Guys, some by their reaction, have trouble entering and exiting trading.

I give a few indicators that can help you. ForesSunrise I have been using it for over 10 years and it is one of the best indicators (in my opinion). Of course, I use Fibo (the daily and weekly range is important).
Lots of positive pip's!

Igor
Attached File(s)
File Type: ex4 #FS30_1.ex4   4 KB | 151 downloads
File Type: ex4 #FS30_3.ex4   7 KB | 168 downloads
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File Type: tpl FS30.tpl   26 KB | 154 downloads
  • #585,206
  • Edited 3:38pm Mar 21, 2021 7:24am | Edited 3:38pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #585,207
  • Mar 21, 2021 7:56am Mar 21, 2021 7:56am
Quoting gettoefl
{quote} nice ... grigor agrees too ... gann sees one more trip to 139 for e of the triangle https://www.youtube.com/watch?v=VAB6WKUfRHM&t=192s
lower tf.

Attached Image (click to enlarge)
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  • #585,208
  • Mar 21, 2021 8:54am Mar 21, 2021 8:54am
was charting on fxstreet for a while..,

btw their interactive chart allows you to put other pair for comparison..,
it could be useful for anyone who looks at dollar ind (for example) or any other forex pair
Attached Image(s) (click to enlarge)
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dolce vita
  • #585,209
  • Mar 21, 2021 8:57am Mar 21, 2021 8:57am
my lovely ichimoku
Attached Image(s) (click to enlarge)
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dolce vita
  • #585,210
  • Mar 21, 2021 9:02am Mar 21, 2021 9:02am
and with some indicators
Attached Image(s) (click to enlarge)
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dolce vita
  • #585,211
  • Mar 21, 2021 9:59am Mar 21, 2021 9:59am
Quoting longshot_nl
{quote} lower tf. {image}
yep good stuff for me buy 138 sell 139 and should take 8 days the decline that follows that is
twitter: @gettoefl
  • #585,212
  • Mar 21, 2021 10:47am Mar 21, 2021 10:47am
Quoting helioss
{quote} Well real MAXIMUM for LONG & SHORT was 4 weeks ago, at moment SMART MONEY are reducing their long exposition on GBP....it is a short term BEARISH SIGNAL
I'm watching chart: after MAXIMUM LONG position they REDUCED ONLY LONG POSITIONS, SHORT ONES are stable. So probably short term downtrend was caused by only their taking profits.

In addition GBPUSD Weekly tested for 3 times .3817 (32% fibonacci) but it never close below. If they are not increase SHORT positions it could be read that they don't want increase BEARISH PRESSURE on QUOTES & pullback will not be so far from current quotes

The OI is also decreasing, so not new "fuel" at moment into movement.....
Attached Image (click to enlarge)
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  • #585,213
  • Edited 12:31pm Mar 21, 2021 11:03am | Edited 12:31pm
the price is likely to test 3800 on Monday anytime. ( some time ! )

Preferably before NY open.

Session is not important,

Taking appropriate entry with proper risk/reward is important.
Intraday only.
  • #585,214
  • Edited 12:49pm Mar 21, 2021 11:17am | Edited 12:49pm
....Quite a lot of U.s bond auctions (maturities) this upcoming week...5yr on Weds, and 7yr on Thurs, and we all know what happened last time 7 year paper was offered? Be good to keep an eye on it. I can't see Powell's comments this week altering much from the policy of '...we're not too bothered about inflation currently and we'll keep rates near zero through 2023,' (to paraphrase.) How will the longer-dated maturities demand be? Potential for spillover / cross-flow volatility in gbpusd related instruments, (and others.)

As for near-term price discovery from the Open through the Asian session and into the London session, well, like I said in my earlier post on Friday evening, who knows,? looks more bearish than bullish as of Friday close, but anything can happen. 1hr as of Friday close is below. (dly pivots shown are still Friday's - don't reset till broker opens again.)

Will the 15min bearish hidden div @ the 3886 pullback hi play out for a with downtrend (on this t/f) follow thru to a new lo below Friday's (and downtrend's last) 3830 lo?
Attached Image (click to enlarge)
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Trader with an Edge.
  • #585,215
  • Edited 2:38pm Mar 21, 2021 11:39am | Edited 2:38pm
No one is buying Government debt at the current rate for sure ,unless they have too.
Here's what I notice with the account their emptying ,
it went to about 1.9 last year then it sat there until the latest round @ 1.9 ?conclusion is the 1.9 is not random but a pre planned sum & they don't have to raise it .
The only people buying the debt is the US tax payer via the FED
Attached Image (click to enlarge)
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Reuters.com
MARCH 4, 2021

"The 10-year cost to borrow repo rate, which is typically positive, has been negative since Monday and hit as low as -4.25% on Thursday, analysts said. It was last at -0.50% as the Federal stepped in on Thursday to sell U.S. 10-year Treasuries in the market. The last time U.S. 10-year repo rates went negative before this week was June 2020 and before that in March of the same year, Skyrm said"
“This has driven the cost of borrowing on-the-run Treasuries sharply lower and past the fail rate which is the penalty rate market participants pay if they cannot deliver a security,” he added.
That so-called fail rate is -3%, Goldberg said."

Inserted Video
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #585,216
  • Mar 21, 2021 11:49am Mar 21, 2021 11:49am
What’s interesting is the weekend GU on IG has been virtually standstill currently -1.4 on the weekend rate. Expect some kind of retrace or slight further downside until market open
Insane in the Brain..
  • #585,217
  • Mar 21, 2021 1:24pm Mar 21, 2021 1:24pm
Quoting bilal.cybrog
{quote} I think that after 1.38400 it might bounce back up the reason is that it is already on the lower side of the ADR. The white box is the New york session. The price is already working in that direction so it must follow upwards of 1.39 to move down again. I am a newbie kindly guide me if I am correct.{image}
Hi bilal, I don't know much about intraday play, but your reasoning sounds good
Compulsions can be hard to resist
  • #585,218
  • Mar 21, 2021 1:54pm Mar 21, 2021 1:54pm
Just that we are not over excited with the bearish mood, I want to highlight the 4H pin bar(Second last on Friday). The last candle is a no decision and somehow was almost with no volatility. Have a good start with the week.
My observation may be wrong but intent correct. Stay calm!
  • #585,219
  • Mar 21, 2021 2:09pm Mar 21, 2021 2:09pm
it will range between 1.38 and 1.40 this week
Attached Image(s) (click to enlarge)
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yes yes yes
  • #585,220
  • Mar 21, 2021 2:41pm Mar 21, 2021 2:41pm
Quoting Bones
$ can be seen in UJ monthly cleaner -maybe we can say 3 soldier on UJ. How this Q close is important ,as its at piercing line type location against bear, a little higher is better-just go by eye The blue tl is not real as I've drawn it because its 2 point , The $ is very oversold also the lower it goes, it is inflationary all on its own without injecting money right into the centre of an economy . {image} {image} {image}
Why only 2 point?
Q candles highlighted on monthly chart.

I think part of the Fed plan is to inflate away the debt to make it more manageable.
Attached Image (click to enlarge)
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Compulsions can be hard to resist
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