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Cable Update (GBPUSD)

  • #586,201
  • Mar 25, 2021 5:46am Mar 25, 2021 5:46am
Quoting Benton
I suspect that this is a fake. Any fundamental to support the bull?
bounce is expected

Quoting mysterio
3759-67 can see some sellers imo. Maybe a 100 pip range between there and the low.
Gonna stand by this for now, ranging conditions while the positions are built for the next major push up or down
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 101 KB
  • #586,202
  • Mar 25, 2021 5:49am Mar 25, 2021 5:49am
I want to tell you a story about bull and bear.

I posted a chart with numerical order for you the read the story of Bull vs. Bear in GU.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 188.jpg Size: 343 KB

Moral of the story

1. Respect the zone - either Bull or Bear.

2. Bull already established his territory - hard to break it, unless with strong force.

3. Never hold the bull BALL ( fake out) - hold the bull by the head.

Thank you for reading the BullShit story.

  • #586,203
  • Mar 25, 2021 5:53am Mar 25, 2021 5:53am
Quoting o0ehsan0o
Finally today i entry long trade from my last short position in 1.3675 (last day low) with target 1.3830 and i think time cycle change today and we go up sharp wait and see...
Easy 50 pips so far i wait for my target 1.3830 i think today 1.38 break up...(I'm risk free now)
  • #586,204
  • Mar 25, 2021 5:53am Mar 25, 2021 5:53am
FPA technical analysis: While gold stands quiet - we could take a look at GBP as we have longer term setup there as well.

Inserted Video
  • #586,205
  • Mar 25, 2021 5:58am Mar 25, 2021 5:58am
... so, some sellers emerged @ that prev 1hr/4hr sw hi zone = prev res = pot res. 1hr below.
Attached Image (click to enlarge)
Click to Enlarge Name: 187c4bb93a154b6214a373f29bd50de1.png Size: 37 KB
Trader with an Edge.
  • #586,206
  • Mar 25, 2021 5:58am Mar 25, 2021 5:58am
Should breakup above the upper TL
Seems the bulls have power today. All the best to everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: 3e46d509c09174594dbf4139c14a9dfb.png Size: 63 KB
My observation may be wrong but intent correct. Stay calm!
  • #586,207
  • Mar 25, 2021 5:59am Mar 25, 2021 5:59am
Quoting mysterio
{quote} bounce is expected {quote} Gonna stand by this for now, ranging conditions while the positions are built for the next major push up or down {image}
Possible US tax hike still hunts the equity market. This concern is not over. I believe that DXY will continue to rise when NY session kicks in. So there is no fundamental for the bull. I could be wrong. But I still believe it.
  • #586,208
  • Mar 25, 2021 5:59am Mar 25, 2021 5:59am
test short.. small lot
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDvH1.png Size: 47 KB
Trade with prediction = witch with her visions lol
  • #586,209
  • Mar 25, 2021 6:03am Mar 25, 2021 6:03am
Currently on GU, market might still fall back down if it faces low liquidity to go further north.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 currently.png Size: 42 KB
Read in between the price!!!
  • #586,210
  • Mar 25, 2021 6:04am Mar 25, 2021 6:04am
Open short at 1.37264 with target 70+ pips .
Attached Image (click to enlarge)
Click to Enlarge Name: 2021_03_25_17.00.09.jpg Size: 311 KB
  • #586,211
  • Mar 25, 2021 6:06am Mar 25, 2021 6:06am
Quoting Benton
{quote} Possible US tax hike still hunts the equity market. This concern is not over. I believe that DXY will continue to rise when NY session kicks in. So there is no fundamental for the bull. I could be wrong. But I still believe it.
Yea- but experience over the past few months has shown dip buyers jump in very quickly so wait and see on equities. Stimmy cheques have to go somewhere!

For GU, it can only drop so far before buyers start showing interest again at least for a period. According to COT this is a profit taking move down. Dollar rally will end at some point but agreed it probably has further to go. I'm only really interested in the current day/week

Not saying you're wrong btw just being devils advocate, I think it's good to never get too attached to one side and always be open to the other possibilities

I use the Eurodollar as a bellwether and originally thought 1.17-1.1750 before a change in trend so keeping an eye on this
  • #586,212
  • Mar 25, 2021 6:07am Mar 25, 2021 6:07am
Damn thing bouncing off R1 tempting to scalp and go down for another 10
Insane in the Brain..
  • #586,213
  • Mar 25, 2021 6:09am Mar 25, 2021 6:09am
... on gmt+3 4hr candles it's one of those 'tweezer top' the prev sw hi zone =prev res=potential res, extending to 3733....4hr shows it below.

How strong are the bulls now?
Attached Image
Trader with an Edge.
  • #586,214
  • Mar 25, 2021 6:11am Mar 25, 2021 6:11am
Quoting Headland
... on gmt+3 4hr candles it's one of those 'tweezer top' the prev sw hi zone =prev res=potential res, extending to 3733....4hr shows it below. How strong are the bulls now? {image}
Thank you for these observations btw Headland, I find them very useful
  • #586,215
  • Mar 25, 2021 6:20am Mar 25, 2021 6:20am
30 pips
waiting for the next signal
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.png Size: 27 KB


ugly crooks
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 32 KB
Attached File(s)
File Type: mq4 Heiken_Ashi_Smoothed.mq4   4 KB | 284 downloads
yes yes yes
  • #586,216
  • Mar 25, 2021 6:24am Mar 25, 2021 6:24am
Quoting Moty
30 pips waiting for the next signal {image} {file}
Waiting for that too. Possibly 12.30 GMT red sticker announcement might give that push
Insane in the Brain..
  • #586,217
  • Mar 25, 2021 6:28am Mar 25, 2021 6:28am
...if price keeps dropping there is potential for 5min bullish hidden div - not developed yet...likely be good above 3684 if it does set-up but remember there is not much of a next higher t/f (30min/1hr) uptrend to enter after a pullback so it won't be an optimum set-up in that respect.
Trader with an Edge.
  • #586,218
  • Mar 25, 2021 6:38am Mar 25, 2021 6:38am
SL hit at 13712 now gone short for 10-15 before looking to go long on a longer run
Insane in the Brain..
  • #586,219
  • Mar 25, 2021 6:43am Mar 25, 2021 6:43am
price have practically stayed under 1.37320 in the last 32 hrs. I would why bear defending that price like it is a tough nut to crack!!!
Keep the Lights on then you can catch the rise from the dark.
  • #586,220
  • Mar 25, 2021 6:46am Mar 25, 2021 6:46am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 35 KB
yes yes yes
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