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Cable Update (GBPUSD)

  • #587,521
  • Apr 1, 2021 2:38am Apr 1, 2021 2:38am
Quoting gatenio
April fool’s day, believe nobody!
I don't believe you!
  • #587,522
  • Apr 1, 2021 2:38am Apr 1, 2021 2:38am
Quoting Kaysole
{quote} [email protected] I can't help but feel this is going to take out 1.3700 before a move up. I could be wrong, but I'm gonna wait till I get a clearer picture.
Hi Kay,

I think 1.37146 may continue to block the price for a while as that is a major trigger point same as the 1.3200 area...

Let's see how it goes
SS
  • #587,523
  • Apr 1, 2021 2:45am Apr 1, 2021 2:45am
Quoting xDREx
re entry long @ 1.3752 {image}
OUT +20 pip
  • #587,524
  • Apr 1, 2021 2:47am Apr 1, 2021 2:47am
Quoting Kaysole
{quote} [email protected] I can't help but feel this is going to take out 1.3700 before a move up. I could be wrong, but I'm gonna wait till I get a clearer picture.
If GU goes below 1.3762, you could be right. Let's watch it!
  • #587,525
  • Apr 1, 2021 2:48am Apr 1, 2021 2:48am
Quoting Theoak
{quote} Hit Target on short. Now going for the big one! Long in at 1.3766 target 1.3870 {image}
Looking at this trade again. I'm a few pips up, but going to bring stop losses up. The worry I have is this:
Attached Image (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #587,526
  • Apr 1, 2021 2:54am Apr 1, 2021 2:54am
Quoting JayBag
{quote} Hi Kay, I think 1.37146 may continue to block the price for a while as that is a major trigger point same as the 1.3200 area... Let's see how it goes SS
Yeah, you could be right. So far I'm getting mixed signals, which is why I closed my position. For the time being, I plan to start selling at around 1.3790-1.3800 (if it gets there).
  • #587,527
  • Apr 1, 2021 2:56am Apr 1, 2021 2:56am
PA on GU + DXY Breach , we will see 1.3850 hit today
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #587,528
  • Apr 1, 2021 2:57am Apr 1, 2021 2:57am
Quoting kCBHk
{quote} I don't believe you!
damn right, but i will give you special tip just for you, 1.395 minimum target.
Thank me later.

Im in, 1.3754, sl already in place, have a nice day all!
  • #587,529
  • Apr 1, 2021 2:57am Apr 1, 2021 2:57am
Quoting mysterio
Preference is for buys, currently. DXY setting up to drop. I'm not taking positions on GU currently just holding an EU long
Just to add to this. I think DXY has the potential for a substantial correction before eventually another push up. In terms of GU I think 1.3850 is a bit of a line in the sand for me. If this can't be defended by bears and bulls manage a daily close above here then I switch to more of a long bias.

Cable currently compressing into a triangle on 1h and a breakout here might clarify the direction. However I look at it, I see EU pushing up to 1.18 and beyond and I think GU will follow along as the dollar weakens. As Jaybag pointed out, 1.37 is an important zone. This is why I was looking for buy opps here even during a clear downtrend. Just my 2 cents..
  • #587,530
  • Apr 1, 2021 2:58am Apr 1, 2021 2:58am
Attached Image (click to enlarge)
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yes yes yes
  • #587,531
  • Apr 1, 2021 3:00am Apr 1, 2021 3:00am
Quoting gatenio
{quote} damn right, but i will give you special tip just for you, 1.395 minimum target. Thank me later. Im in, 1.3754, sl already in place, have a nice day all!
Damnn that's alot too free considering the date
  • #587,532
  • Apr 1, 2021 3:06am Apr 1, 2021 3:06am
Quoting gatenio
{quote} damn right, but i will give you special tip just for you, 1.395 minimum target. Thank me later. Im in, 1.3754, sl already in place, have a nice day all!
DXY starting to slip now, so yeah, I believe you.

Euro data looking positive, uplifting GBP at the moment. Let's see if UK data can follow through. 23 minutes to royal rumble?

Still looking for a close above 1.38.
  • #587,533
  • Apr 1, 2021 3:12am Apr 1, 2021 3:12am
Quoting Theoak
{quote} Hit Target on short. Now going for the big one! Long in at 1.3766 target 1.3870 {image}
Revised Target don't want to be too greedy 1.3810
Attached Image(s) (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #587,534
  • Apr 1, 2021 3:14am Apr 1, 2021 3:14am
Quoting kCBHk
{quote} DXY starting to slip now, so yeah, I believe you. Euro data looking positive, uplifting GBP at the moment. Let's see if UK data can follow through. 23 minutes to royal rumble? Still looking for a close above 1.38.
im sorry, didnt measure it well on my Iphone, 1tp is 1.39 for me, 1.384\5 might be hard to break, but put your trust in god.
if we reach tp1, i will give you 2tp.
good luck to bulls.
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  • #587,535
  • Apr 1, 2021 3:14am Apr 1, 2021 3:14am
Quoting Theoak
{quote} Revised Target don't want to be too greedy 1.3810 {image} {image}
“Greed is good”
Insane in the Brain..
  • #587,536
  • Apr 1, 2021 3:15am Apr 1, 2021 3:15am
G/M, nice bounce from a prev 1hr/4hr sw hi zone = prev res = pot rbs...reversing the Asian session sell-off. Uk data in 15mins. 1hr below.
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Trader with an Edge.
  • #587,537
  • Apr 1, 2021 3:24am Apr 1, 2021 3:24am
it is all about the 200 ema band
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 38 KB
yes yes yes
  • #587,538
  • Apr 1, 2021 3:26am Apr 1, 2021 3:26am
closed long positions. GU hesitates to advance and seems lacking driving force. It could drop!
  • #587,539
  • Apr 1, 2021 3:28am Apr 1, 2021 3:28am
Will it jump up to sky or dive into deep
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  • #587,540
  • Apr 1, 2021 3:28am Apr 1, 2021 3:28am
...that descending t/line joining 4242 with 4002 comes thru on next 4hr candle (gmt+3 broker feed) @ 3850, - current one closes in 30mins and slightly higher on this one. So far today 50% of 30day adr covered by price.
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