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Cable Update (GBPUSD)

  • #586,401
  • Edited 4:00am Mar 26, 2021 3:47am | Edited 4:00am
Quoting Headland
... for the bulls - price needs a decisive break above this 1hr/4hr descending t/line and the underside of that daily+ ascending t/line that has breached to the downside (1411-2854)...then it will run into the next likely 'strong' upside obstacle - the prev 4hr/dly sw lo zone = prev supp = pot sbr at bottom of that 2week plus 4017-3788 4hr/dly range. The zone likely runs 3775-3804.
... Price @ current dly hi is into this zone now through which Dly S2 and 3 x fibs of main swing hi's to 3670 swing lo from 4242 run.
------------------------------------------------------------------------------------

... The underside of the breached former ascending t/line joining 2854 with 3188 on today's daily candle comes through circa 3815.
Trader with an Edge.
  • #586,402
  • Mar 26, 2021 3:49am Mar 26, 2021 3:49am
Quoting mysterio
{quote} Why ??
I don't know why exactly. Just a feeling!
DXY is not falling. UK retail sale missed the target. This causes a concern to me!
My sell position is still running. I could be wrong.
  • #586,403
  • Mar 26, 2021 3:51am Mar 26, 2021 3:51am
hey hey
H4 & M30 bias is long now.
But Day is still short.
If price pulls back on M5 to a LL but still above 1.3768 i will buy.
in wondering about yourself, you forgot what you came here to be part of
  • #586,404
  • Mar 26, 2021 3:54am Mar 26, 2021 3:54am
Quoting Waveskierrob
{quote} I wish you luck
Thank you!
I still believe that GU will fall today!
  • #586,405
  • Mar 26, 2021 3:54am Mar 26, 2021 3:54am
Quoting Sang.Real
No trading yet, just waiting............... How our beliefs about making money at our regular jobs won’t help us in trading. There’s a difference between working for money and money working for you. In trading sometimes less is more. Often times in trading we are sitting and waiting. {image}
can I know you are waiting 1.3800 to short ?!!
  • #586,406
  • Mar 26, 2021 3:55am Mar 26, 2021 3:55am
Quoting Benton
{quote} I don't know why exactly. Just a feeling! DXY is not falling. UK retail sale missed the target. This causes a concern to me! My sell position is still running. I could be wrong.
Be careful. There was a lot of strong demand down at 1.37. It sounds like you're scrabbling for reasons to justify a losing position

DXY is falling ...

Just watching today no trading, interested to see what happens up at 1.3830
  • #586,407
  • Mar 26, 2021 3:57am Mar 26, 2021 3:57am
Quoting mysterio
{quote} Be careful. There was a lot of strong demand down at 1.37. It sounds like you're scrabbling for reasons to justify a losing position DXY is falling ... Just watching today no trading, interested to see what happens up at 1.3830
the resistance area will be interesting if not today then early next week. Cross 138–13830 then we could go further north.
Insane in the Brain..
  • #586,408
  • Mar 26, 2021 3:57am Mar 26, 2021 3:57am
Quoting JayBag
Morning Gang, It's Friday and I think we going to have a full-blown bull daily candle. Take it easy, take a break and sip a few coz it's FRIDAY SS Gang
JB, re the bull direction, GBPCAD still has that gap lower down. GC and GU both seem to move in the same direction? So would both not move lower still, before a bull run? What's your view GC gap wise?
  • #586,409
  • Mar 26, 2021 4:03am Mar 26, 2021 4:03am
Quoting mysterio
{quote} Be careful. There was a lot of strong demand down at 1.37. It sounds like you're scrabbling for reasons to justify a losing position DXY is falling ... Just watching today no trading, interested to see what happens up at 1.3830
Thank you for your input. My losing lot is very small, not a big deal.
My experiences give me this feeling. Once again, I could be wrong!
  • #586,410
  • Mar 26, 2021 4:03am Mar 26, 2021 4:03am
Quoting TrTT
AAH NOW So my Targets for tonight Lets See This is not easy --- the analysis Eurusd {image} Eurcad {image} Usdjpy --- I am holding this for a very long time now. I have lowered the Targets further. The longer I hold the lower it goes {image} No Gbp it was enough with her. Need some lip job --- jpy only --- the best in business Ok See You
Mr And Mrs Bogarts

Eurcad for you

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Eurusd for you I leave the SLs open for the first time. This was a Nice Profit I extended the Targets that a nice $700 Profit

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For Usdjpy is not that good story. Although it extended a down leg but seemed to be supported aroun 108.500. I changed my position on it when it rose to
the 109. So To my followers you can buy Usdjpy. Its a bit late but this could go to 111.000 so its never too late

Usdjpy Buys running awaiting targets

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When I am clear of the backlog I will be posting Gbpusd. Some clients accounts are stuck with JPY and so is mine. Not moving long time JPY in a tight range

Ok See You
  • #586,411
  • Mar 26, 2021 4:05am Mar 26, 2021 4:05am
Quoting forexer11
{quote} can I know you are waiting 1.3800 to short ?!!

Just waiting for trade set up.

I will take the trade once seeing the set up completed.

No bias yet.

After all, today is Friday.

Tomorrow is race day.

I'm not focusing too much on trade, more to tomorrow race.

Chill

Sang Real
  • #586,412
  • Mar 26, 2021 4:11am Mar 26, 2021 4:11am
Quoting shnackattack
{quote} JB, re the bull direction, GBPCAD still has that gap lower down. GC and GU both seem to move in the same direction? So would both not move lower still, before a bull run? What's your view GC gap wise?
Hi Shack,

If there is any currency I avoid the most, that would be CAD (IMO, it's highly manipulated AF). Having said that, both can move in different directions regardless. Since you mentioned GC, I quickly took a look and observed it has the same setup on a daily as GU. GAP? One thing about gaps is, they always fill. However, there's no time frame for it. It may take longer than expected and for that reason, I try not to base my trades on something I can't TIME.

In conclusion, GC and GU seem to be moving bull atm. (I would not short any for now)

I hope I managed to answer your question.
SS
  • #586,413
  • Mar 26, 2021 4:12am Mar 26, 2021 4:12am
Quoting mysterio
{quote} Be careful. There was a lot of strong demand down at 1.37. It sounds like you're scrabbling for reasons to justify a losing position DXY is falling ... Just watching today no trading, interested to see what happens up at 1.3830
if GU can go back above 1.3780 form here, the bull is confirmed. Otherwise GU will start to fall!
The key for now is whether GU could go above 1.3780!
I could be wrong.
  • #586,414
  • Mar 26, 2021 4:12am Mar 26, 2021 4:12am
DX stops moving. Obviously it is going to explode. Moreover, today is frYday. But which way? Everybody has a opinion. Let's see!
  • #586,415
  • Mar 26, 2021 4:17am Mar 26, 2021 4:17am
Gang, I just saw Spike Lee on top of a bull, headed for the office block.
  • #586,416
  • Mar 26, 2021 4:19am Mar 26, 2021 4:19am
... there's potential for 5min bullish hidden div if price stays above 3745-hasn't developed yet though - would need to keep dropping to fully form.
Trader with an Edge.
  • #586,417
  • Mar 26, 2021 4:19am Mar 26, 2021 4:19am
good morning guys. Is there someone experienced in coding an ea for metatrader or ctrader? thanks in advance
Twitter: Rummer_grapes
  • #586,418
  • Mar 26, 2021 4:24am Mar 26, 2021 4:24am
Quoting knkie
hey hey H4 & M30 bias is long now. But Day is still short. If price pulls back on M5 to a LL but still above 1.3768 i will buy.
buy 3775
m5 frame
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in wondering about yourself, you forgot what you came here to be part of
  • #586,419
  • Mar 26, 2021 4:26am Mar 26, 2021 4:26am
BYE BYE DX
nice to meet you mf , take care not falling too hard
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yes yes yes
  • #586,420
  • Mar 26, 2021 4:30am Mar 26, 2021 4:30am
Quoting Moty
BYE BYE DX nice to meet you mf , take care not falling too hard {image}
lol.
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