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Cable Update (GBPUSD)

  • #586,301
  • Mar 25, 2021 12:31pm Mar 25, 2021 12:31pm
I think now could be down

probably I am wrong
dolce vita
  • #586,302
  • Mar 25, 2021 12:31pm Mar 25, 2021 12:31pm
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #586,303
  • Mar 25, 2021 12:44pm Mar 25, 2021 12:44pm
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yes yes yes
  • #586,304
  • Mar 25, 2021 12:47pm Mar 25, 2021 12:47pm
...just back @ desk updating charts...I was just about to post that pic Bones lol! The underside of that breached dly+ asc t/line that joins 1411 with 2854 comes thru on this daily candle circa 3755. Dly below.
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Trader with an Edge.
  • #586,305
  • Mar 25, 2021 12:47pm Mar 25, 2021 12:47pm
Quoting fahminofear
{quote} can give me, i give a try
  • #586,306
  • Mar 25, 2021 12:49pm Mar 25, 2021 12:49pm
Quoting parshal
{quote} yeah..may be Dollar is stronger with fundamentals today. But did you notice that cable kept its support at 1.373 despite EURUSD fell by nearly 40 pips.
i am watching all the time
i believe that dx will run out of steam soon
aussi and eu is at support area
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yes yes yes
  • #586,307
  • Mar 25, 2021 12:52pm Mar 25, 2021 12:52pm
...you wonder whether price (today or tomorrow) is going for a retest of the bottom of that prev 4017-3778 4hr/dly range that was broken to the downside yesterday? - a 108pip breach of it so far.

4hr below.
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Trader with an Edge.
  • #586,308
  • Mar 25, 2021 12:59pm Mar 25, 2021 12:59pm
Quoting SamiFX
Can someone explain why this toilet paper performing like this! {image}
It is going to crash. Maybe till 92,00.
  • #586,309
  • Mar 25, 2021 1:13pm Mar 25, 2021 1:13pm
Quoting bigiivan
{quote} It is going to crash. Maybe till 92,00.
Why you think ? And more importantly when

When we hit this TL on dxy I went long Euro.. lets see! hah
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  • #586,310
  • Mar 25, 2021 1:23pm Mar 25, 2021 1:23pm
Quoting mysterio
{quote} Why you think ? And more importantly when When we hit this TL on dxy I went long Euro.. lets see! hah {image}
Tomorrow (maybe not) or next week. It is extremly overbought and I expect to crash down. It will be beautiful move.
  • #586,311
  • Mar 25, 2021 2:34pm Mar 25, 2021 2:34pm
5 hours to go , or mabe it will wait for london open
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yes yes yes
  • #586,312
  • Mar 25, 2021 2:57pm Mar 25, 2021 2:57pm
Quoting Moty
5 hours to go , or mabe it will wait for london open {image} {image}
depending on where US closes... I personally think Asia sessions have settled down now.. so LO is probably the best time frame for the move. If we close over 13750 I will pull out of any open trades and go back tomorrow
Insane in the Brain..
  • #586,313
  • Mar 25, 2021 3:20pm Mar 25, 2021 3:20pm
gbpusd make LH
then go south
the smart money selling
  • #586,314
  • Mar 25, 2021 3:21pm Mar 25, 2021 3:21pm
Quoting deir
gbpusd make LH then go south the smart money selling
there is a trap
  • #586,315
  • Mar 25, 2021 4:00pm Mar 25, 2021 4:00pm
4Hr Liquidity pool was cleared and it can be seen on the 1hr chart (both the liquidity clear and the rejection off the top of the pool). I now expect it to correct to the downside and clear some of the liquidity that was formed from todays uneven distribution. With this being said I'll be watching to see if it falls all the way to the 1.3686-80 area and clear the second of the two 4hr FVGs that were formed today. After that with the DXY being so overbought I'm anticipating an institutional move to the upside next week to establish that next wave and form a new 1hr HH

-Prophet
  • #586,316
  • Mar 25, 2021 4:19pm Mar 25, 2021 4:19pm
Quoting Pip-Prophet
4Hr Liquidity pool was cleared and it can be seen on the 1hr chart (both the liquidity clear and the rejection off the top of the pool). I now expect it to correct to the downside and clear some of the liquidity that was formed from todays uneven distribution. With this being said I'll be watching to see if it falls all the way to the 1.3686-80 area and clear the second of the two 4hr FVGs that were formed today. After that with the DXY being so overbought I'm anticipating an institutional move to the upside next week to establish that next wave...
Can you explain why you think it was a distribution. I'm currently 50/50 on the next move so it would be good to get a perspective.
  • #586,317
  • Mar 25, 2021 4:31pm Mar 25, 2021 4:31pm
Quoting helioss
Bulls volume is increasing.....pay attention with SHORT
Bulls are back...breakout double top
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  • #586,318
  • Mar 25, 2021 4:33pm Mar 25, 2021 4:33pm
Quoting helioss
Analyzing Option daily data i see that on GU Call/Put Ratio Option is increasing....it is a bullish signal {image}
I'm curious to see today how C/P ratio is moving, ...but i suppose we are going next to 1
  • #586,319
  • Mar 25, 2021 4:44pm Mar 25, 2021 4:44pm
Bulls Volume are bigger thatBear Volumes.....Bulls have control at moment
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  • #586,320
  • Mar 25, 2021 4:53pm Mar 25, 2021 4:53pm
Quoting mysterio
{quote} Can you explain why you think it was a distribution. I'm currently 50/50 on the next move so it would be good to get a perspective.
Im not sure what you mean by explain why because its more a visual if you can identify it on the price chart. There is a very key zone of support around 1.3674(@center) but the wicks past were not just tests but also completed an older daily FVG dating Feb. 5 21'. With it wicking out the zone(institutions clearing and winning $$$) and then closing on the support twice (bearish then bullish engulfing) before reversing and establishing new highs as well as the collection of volume on the 4hr that could be indicative of around a 200 pip move I'm bullish as of now till at least 1.3862-1.3876(Which just so happens to be a confluence of the ending and starting of Daily pools but also the 200 pip count). That bullish stance is also inclusive of a bearish correction beforehand. Happy trading!

-Prophet
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