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Cable Update (GBPUSD)

  • #585,881
  • Mar 24, 2021 5:32am Mar 24, 2021 5:32am
... 30min bearish hidden div is present - probably good under 3757. Current pullback hi could be point 4 of an exp triangle 15/30/1hr? Probably expecting the bears to reappear but it might not happen?
Trader with an Edge.
  • #585,882
  • Mar 24, 2021 5:37am Mar 24, 2021 5:37am
Most of the fundamentals favor GBP, so lets see from here what happens
My observation may be wrong but intent correct. Stay calm!
  • #585,883
  • Mar 24, 2021 5:37am Mar 24, 2021 5:37am
Quoting MoneyZilla
{quote} If she stays in a range, for another week or two? Careful not to get caught at the other side, this time around with a hanging sell...
True! This is where a real tight SL is important
Insane in the Brain..
  • #585,884
  • Mar 24, 2021 5:37am Mar 24, 2021 5:37am
It's just a trap now.
I will bought at 1.364
  • #585,885
  • Mar 24, 2021 5:39am Mar 24, 2021 5:39am
my deposite is in !!!!!
just in time
come on come on come on , up up and away
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 50 KB
yes yes yes
  • #585,886
  • Mar 24, 2021 5:41am Mar 24, 2021 5:41am
..There are some 5yr then 7yr U.s Bond auctions (maturities) today and tomorrow...be interesting to see what happens..particularly the 7yr paper...could cause a tickle in cross-asset flow effects. J.Powell also speaking 2pm London time (gmt presently.)
Trader with an Edge.
  • #585,887
  • Mar 24, 2021 5:41am Mar 24, 2021 5:41am
Quoting Kaysole
{quote} All you have to do is BeePatient. (Sorry, I couldn't resist)
Insane in the Brain..
  • #585,888
  • Mar 24, 2021 5:47am Mar 24, 2021 5:47am
... 5min bullish hidden div is present and probably valid if price stays above 3684, but no real next higher t/f uptrend to enter after the pullback, ie 30min/1hr....fighting against the 30min bearish hidden div at the current 1hr/4hr downtrend pullback hi, (3733.) Could 1hr close as dark clour cover?
Trader with an Edge.
  • #585,889
  • Mar 24, 2021 5:48am Mar 24, 2021 5:48am
the bulls run is coming!!!
go go go
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 33 KB
yes yes yes
  • #585,890
  • Mar 24, 2021 5:49am Mar 24, 2021 5:49am
Hopefully today can down to 1.362 then bounce some.. haha
  • #585,891
  • Mar 24, 2021 5:50am Mar 24, 2021 5:50am
The equity market is recovering. DXY is showing " head and shoulders ". I see no reason why GU would continue falling!
  • #585,892
  • Mar 24, 2021 5:55am Mar 24, 2021 5:55am
Quoting Benton
The equity market is recovering. DXY is showing " head and shoulders ". I see no reason why GU would continue falling!

Currently the sellers don't agree who sold the pullback - a great technical set-up...it was pretty hi-probability that they would re-emerge, but whether we will see a new dly lo is anyone's guess.
Trader with an Edge.
  • #585,893
  • Mar 24, 2021 5:59am Mar 24, 2021 5:59am
1.3650 first, then 1.3790
Impulse wave extension pattern
  • #585,894
  • Mar 24, 2021 6:00am Mar 24, 2021 6:00am
Quoting PopeyeEA
{quote} Just beware. GJ can go 148.4 soon
all my respect

(to say the true, I didn't expect such a range during these days)

when I opened my chart today..,
yes
I saw this, she went to 1.4851
dolce vita
  • #585,895
  • Mar 24, 2021 6:00am Mar 24, 2021 6:00am
... dark cloud cover on 1hr. below. 5min bullish hidden div still there though. take your pick lol.
Attached Image (click to enlarge)
Click to Enlarge Name: 5478cd0ef74ad4bc11bfc20abbc41f27.png Size: 29 KB
Trader with an Edge.
  • #585,896
  • Mar 24, 2021 6:03am Mar 24, 2021 6:03am
Quoting Benton
The equity market is recovering. DXY is showing " head and shoulders ". I see no reason why GU would continue falling!
Show me evidence that the equity market is recovering and show me H+S on DXY timeframe then we can look at why GU could continue to fall

ps and why you think that the equity market and H+S on the DXY would have any impact on the GU
  • #585,897
  • Mar 24, 2021 6:06am Mar 24, 2021 6:06am
Quoting zaidan
1.3650 first, then 1.3790 Impulse wave extension pattern
no no
1.37100 is historical support , it will fly up from here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 18 KB
Click to Enlarge Name: gu2.png Size: 39 KB
yes yes yes
  • #585,898
  • Mar 24, 2021 6:12am Mar 24, 2021 6:12am
Quoting zaidan
1.3650 first, then 1.3790 Impulse wave extension pattern

The other way around also works, I think?
She is going nowhere... I mean outside the ~1.37 to ~1.40 range, my bet goes.
Maadik Hugiis. IQ 69.
  • #585,899
  • Mar 24, 2021 6:12am Mar 24, 2021 6:12am
tp 1.37842
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 30 KB
yes yes yes
  • #585,900
  • Mar 24, 2021 6:12am Mar 24, 2021 6:12am
Quoting Waveskierrob
{quote} Show me evidence that the equity market is recovering and show me H+S on DXY timeframe then we can look at why GU could continue to fall ps and why you think that the equity market and H+S on the DXY would have any impact on the GU
I am new to this forum and have difficulty inserting charts.
In my Metatrader 4, the UK index future has bounced off low. USA 500 IDX,JPN IDX all bounce off low. All those indices are rising. DXY is off top now.
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