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Cable Update (GBPUSD)

  • #585,981
  • Mar 24, 2021 9:51am Mar 24, 2021 9:51am
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  • #585,982
  • Mar 24, 2021 9:53am Mar 24, 2021 9:53am
Quoting pipfarm
Possibly a push up is next as the move up has only one swing and the downside move looks erratic , akin to a corrective move ,possibly trapping sellers. A close back up through the resistance that was broken would be a good. {image}

See that old support swing in my last post @3700 level , 6 times the 15 min bars bounced off
Follow The Markets Structure - Patience and Discipline
  • #585,983
  • Mar 24, 2021 9:55am Mar 24, 2021 9:55am
https://www.mql5.com/en/charts/13664...-group-limited
  • #585,984
  • Mar 24, 2021 10:09am Mar 24, 2021 10:09am
GB just broke through 200MA moment ago. I believe that bull has started moving!
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  • #585,985
  • Mar 24, 2021 10:10am Mar 24, 2021 10:10am
Quoting DailyChart
Last 15M {image}
so you are not on Keto diet?..
  • #585,986
  • Mar 24, 2021 10:11am Mar 24, 2021 10:11am
Quoting Benton
GB just broke through 200MA moment ago. I believe that bull has started moving! {image}
Higher TF tells a different story. The pressure is hard on bigger TF
  • #585,987
  • Mar 24, 2021 10:11am Mar 24, 2021 10:11am
Quoting Yngwie
Long 3677
closed +38.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #585,988
  • Mar 24, 2021 10:11am Mar 24, 2021 10:11am
Quoting mysterio
{quote} Decided on a Euro buy on S1 instead 1.1815. GU is dead to me today! A lot going on in the world that can influence the dollar at the moment. Interesting, a huge cargo ship blocked the suez today and send oil prices rocketing Someone mentioned an equity rebound too, I can see this during NY Also Gilt yields rising a bit Eyes here currently on GU, can Bulls smash through this time? Plenty of divots taken out {image}
"Plenty of divots taken out"

what do you mean?
  • #585,989
  • Mar 24, 2021 10:13am Mar 24, 2021 10:13am
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yes yes yes
  • #585,990
  • Mar 24, 2021 10:14am Mar 24, 2021 10:14am
Quoting navk
I expect a further retrace to 3750 today. 3700 is support now.
to me, this is still valid.
Intraday only.
  • #585,991
  • Mar 24, 2021 10:17am Mar 24, 2021 10:17am
Quoting JayBag
{quote} Higher TF tells a different story. The pressure is hard on bigger TF
There are other evidences to support my judgement!
All equity future indices are rising. Dow, S&P， Nasdaq are all positive now. DXY is falling!
  • #585,992
  • Mar 24, 2021 10:21am Mar 24, 2021 10:21am
Quoting navk
{quote} to me, this is still valid.

Hi Navk.

How about this level ?

To short from there, if price ever reach it later.

Appreciate your comment/view.

Thanks

Sang Real

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  • #585,993
  • Mar 24, 2021 10:23am Mar 24, 2021 10:23am
Quoting JayBag
{quote} Higher TF tells a different story. The pressure is hard on bigger TF
DXY is falling from the top right now. This will be the driving force to lift GU!
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  • #585,994
  • Mar 24, 2021 10:24am Mar 24, 2021 10:24am
Quoting TrTT
How is the Life running in the Room I Miss Her you know who --- you dont want to know

1. Nessy was hunted down by villain Chinese fishermen, illegally fishing at Loch Ness lake, in Scotland.
2. Then, Nessy was sliced down and well packaged into a smuggle-able plastic bags and sold out at Wuhan's Market.
3. I am so sorry for your loss... I miss Nessy, too!
Maadik Hugiis. IQ 69.
  • #585,995
  • Mar 24, 2021 10:24am Mar 24, 2021 10:24am
Quoting genadi
{quote} "Plenty of divots taken out" what do you mean?
Sorry that doesn't make much sense alone

In my head I guess the more bulls attack that area, the more resting limit orders will be taken out and so the bear power will be less.

Bulls have taken several stabs at it so far
  • #585,996
  • Mar 24, 2021 10:25am Mar 24, 2021 10:25am
Quoting Benton
{quote} There are other evidences to support my judgement! All equity future indices are rising. Dow, S&P， Nasdaq are all positive now. DXY is falling!
Thing is, USD has been falling for a while now. It's time for the HORSE KICK before it continues the bearish move. Until and after that SPIKE on the DOLLAR, GU bulls may not be sustainable.

SS
  • #585,997
  • Mar 24, 2021 10:28am Mar 24, 2021 10:28am
Quoting MoneyZilla
{quote} 1. Nessy was hunted down by villain Chinese fishermen, illegally fishing at Loch Ness lake, in Scotland. 2. Then, Nessy was sliced down and well packaged into a smuggle-able plastic bags and sold out at Wuhan's Market. 3. I am so sorry for your loss... I miss Nessy, too!


Jonny Hatinga,

Does anybody, i mean anyone at all tell you that, you look like Danny Ocean in Ocean 11/12/13 movies ?
  • #585,998
  • Mar 24, 2021 10:30am Mar 24, 2021 10:30am
Quoting Sang.Real
{quote} Hi Navk. How about this level ? To short from there, if price ever reach it later. Appreciate your comment/view. Thanks Sang Real {image}
I like that quote you have on your chart.
  • #585,999
  • Mar 24, 2021 10:30am Mar 24, 2021 10:30am
137-1372 seem to be the bounce up bounce down zone. I might have to close my short trade as this is quite risky now.
Insane in the Brain..
  • #586,000
  • Mar 24, 2021 10:30am Mar 24, 2021 10:30am
Quoting JayBag
{quote} Thing is, USD has been falling for a while now. It's time for the HORSE KICK before it continues the bearish move. Until and after that SPIKE on the DOLLAR, GU bulls may not be sustainable. SS
Let's wait and see. I believe that the breakthrough 200MA means significantly!

I could be wrong。
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