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Cable Update (GBPUSD)

  • #585,341
  • Mar 22, 2021 8:17am Mar 22, 2021 8:17am
Quoting BeeTogether
{quote} Looking for bounce up?
I would have at the bottom of the channel, more inclined to re-short higher up now. This is a 1h demand zone

Lockstockd, just posted that after I saw your post. What are you planning ?
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  • #585,342
  • Mar 22, 2021 8:17am Mar 22, 2021 8:17am
Quoting BeeTogether
{quote} Looking for bounce up?
Hopefully. Check the case of double bottom or W as well as Triple bottom on 4hr and 1day charts
  • #585,343
  • Mar 22, 2021 8:19am Mar 22, 2021 8:19am
so tedious....
Trade with prediction = witch with her visions lol
  • #585,344
  • Mar 22, 2021 8:20am Mar 22, 2021 8:20am
Monty is killing it back to back but we don't have those saint-Obi to comment and commend him. I guess they all hiding till one mistake then they out ..

I am proud of you M. Win or loss, your level of strength is unmatched

SS
  • #585,345
  • Mar 22, 2021 8:21am Mar 22, 2021 8:21am
Quoting RCtrader
Now it's time to release the BULLS! Go my wonderful bulls and bring me the pips!
Disappointed. No cookies today.
Risk Management is of utmost importance!
  • #585,346
  • Mar 22, 2021 8:23am Mar 22, 2021 8:23am
Quoting mysterio
{quote} I would have at the bottom of the channel, more inclined to re-short higher up now. This is a 1h demand zone Lockstockd, just posted that after I saw your post. What are you planning ? {image}
I think demand could emerge anywhere down to 3778/75...but looking bearish re PA so far off that current dly hi/1hr bearish hidden div.
-----------------------------------

Will this 2 week + 4017-3778 4hr range break? Still only 59pip range so far today.....57% of 30day adr. Friday was 129pips.
1hr below.
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Trader with an Edge.
  • #585,347
  • Mar 22, 2021 8:26am Mar 22, 2021 8:26am
Quoting Headland
{quote} I think demand could emerge anywhere down to 3778/75...but looking bearish re PA so far off that current dly hi/1hr bearish hidden div.
Yea I have a heavy bearish bias, any longs are quick scalps for sure
  • #585,348
  • Mar 22, 2021 8:26am Mar 22, 2021 8:26am
Quoting mysterio
{quote} I would have at the bottom of the channel, more inclined to re-short higher up now. This is a 1h demand zone Lockstockd, just posted that after I saw your post. What are you planning ? {image}
I'd like to see a retrace to fib zones 0.5 - 0.618 before re-shorting, looks like it's heading that way for now!
  • #585,349
  • Mar 22, 2021 8:27am Mar 22, 2021 8:27am
long at 3834
Trade with prediction = witch with her visions lol
  • #585,350
  • Mar 22, 2021 8:28am Mar 22, 2021 8:28am
Quoting dimitricss
long at 3834
targets and stops?
  • #585,351
  • Mar 22, 2021 8:30am Mar 22, 2021 8:30am
Quoting genadi
{quote} targets and stops?
target 3875
stop 3810
Trade with prediction = witch with her visions lol
  • #585,352
  • Mar 22, 2021 8:33am Mar 22, 2021 8:33am
Quoting lockstockd
{quote} I'd like to see a retrace to fib zones 0.5 - 0.618 before re-shorting, looks like it's heading that way for now!
Yea, i'm going to see how it looks at 1.3850ish
  • #585,353
  • Mar 22, 2021 8:36am Mar 22, 2021 8:36am
Quoting mysterio
{quote} Yea, i'm going to see how it looks at 1.3850ish

that's just about 50% of the move down from current 3876/77 dly hi. 1hr below.
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Trader with an Edge.
  • #585,354
  • Mar 22, 2021 8:41am Mar 22, 2021 8:41am
I was very tempted at 3837 based on how dxy is moving, but it may drop without me.
  • #585,355
  • Mar 22, 2021 8:41am Mar 22, 2021 8:41am
Sell GU 1.3860 target 1.3760 this week
  • #585,356
  • Mar 22, 2021 8:46am Mar 22, 2021 8:46am
I wonder if this will get triggered...

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WT
  • #585,357
  • Mar 22, 2021 8:46am Mar 22, 2021 8:46am
Need a push up towards 13870. I will end my loss trades there and then go short to target 13750 with a tight S/L of 13930
Insane in the Brain..
  • #585,358
  • Mar 22, 2021 8:47am Mar 22, 2021 8:47am
Quoting Bartosz77
I wonder if this will get triggered... {image}
Is that a long trigger?
Insane in the Brain..
  • #585,359
  • Mar 22, 2021 8:48am Mar 22, 2021 8:48am
Quoting mysterio
I was very tempted at 3837 based on how dxy is moving, but it may drop without me.
had the 3min bearish hidden div there @ the prev 15min sw lo x 2 zone = prev supp = pot sbr, but struggling to gain more downside traction
Trader with an Edge.
  • #585,360
  • Mar 22, 2021 8:50am Mar 22, 2021 8:50am
Possibly double bottoming with some bull divergence, and dxy hit a small supply area. Staying out for now..

The RR isn't good enough in either direction around here

Looking for that TL retest around 3850
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