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Cable Update (GBPUSD)

  • #587,981
  • Apr 5, 2021 12:10pm Apr 5, 2021 12:10pm
Quoting Theoak
{quote} Not complaining, but exactly what I was thinking....
unfortunatly for me my short T/P missed by 7 pips over night. Plan was go long from 13820 oh well lol
Insane in the Brain..
  • #587,982
  • Apr 5, 2021 12:35pm Apr 5, 2021 12:35pm
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yes yes yes
  • #587,983
  • Edited Apr 6, 2021 1:48am Apr 5, 2021 12:41pm | Edited Apr 6, 2021 1:48am
Will this up trend continue till 1.4050 or is it retrace time? I risked some short 25 pips from 1.3905 an will wait till tomorrow maybe 50-60 pios retrace

i will not risk anymore
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  • #587,984
  • Apr 5, 2021 12:48pm Apr 5, 2021 12:48pm
Quoting Tekin
Will this up trend continue till 1.4050 or is it retrace time? I risked some short 25 pips from 1.3905 an will wait till tomorrow maybe 50-60 pios retrace
Bears be finding hard times all day it doesnt want to come down at all
Keep the Lights on then you can catch the rise from the dark.
  • #587,985
  • Apr 5, 2021 1:02pm Apr 5, 2021 1:02pm
The bullish momentum right now is very strong, especially with it being a GBP bank holiday coinciding with the DXY melting my bias is still bullish. But for those looking to the short side hoping to catch the retracement I am looking for reversal areas around 1.3924(End of daily FVG) and 1.3951(End of 4HR FVG and fib extension confluence). With that being said I wouldn't be surprised to see an overreaction and have them finish the bullish overreaction to the 1.3951 area before thinking about reversing. Happy Trading!

-Prophet
  • #587,986
  • Apr 5, 2021 1:27pm Apr 5, 2021 1:27pm
Quoting ricmaj
{quote} Bears be finding hard times all day it doesnt want to come down at all
Agree i am not completely sure but maybe
  • #587,987
  • Apr 5, 2021 1:28pm Apr 5, 2021 1:28pm
Another sell 1.39.

1.3772/14. no matter when.
Air force
  • #587,988
  • Apr 5, 2021 1:34pm Apr 5, 2021 1:34pm
Quoting W0lfram
Another sell 1.39. 1.3772/14. no matter when.

It can go 1.39600. After that full sell. Missed something today.
Tomorrow it will make L and make H till 1.39600. Then down my targets
Will leave it here.
We have three targets to destroy: 1.38200/1.37400/1.36900
  • #587,989
  • Apr 5, 2021 1:36pm Apr 5, 2021 1:36pm
Quoting W0lfram
Another sell 1.39. 1.3772/14. no matter when.
Although it would be a good target the bullish trend might give you a maximum 50% retrace.
Insane in the Brain..
  • #587,990
  • Apr 5, 2021 1:54pm Apr 5, 2021 1:54pm
Quoting BeeTogether
{quote} unfortunatly for me my short T/P missed by 7 pips over night. Plan was go long from 13820 oh well lol
Unfortunately for me I've been stuck in two longs ALL day long!!!!
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Don't trade what you think. Just what you see!!!
  • #587,991
  • Apr 5, 2021 1:56pm Apr 5, 2021 1:56pm
Quoting KevinZeng
{quote} Long?
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Don't trade what you think. Just what you see!!!
  • #587,992
  • Apr 5, 2021 1:56pm Apr 5, 2021 1:56pm
Quoting Theoak
{quote} Unfortunately for me I've been stuck in two longs ALL day long!!!! {image}
i wish i was stuck in those longs lol!! need the pair to drop by at least 50% and then I can reenter a long to target 1.4
Insane in the Brain..
  • #587,993
  • Edited 2:53pm Apr 5, 2021 1:57pm | Edited 2:53pm
I'm gonna be looking for sells personally now we've tapped into the supply on the daily, but i'll let the PA throughout the week guide me. Would need to see some strong reactions down before selling. The move on the Eur/dxy looked awfully manipulated today, tapping the stops above/below the previous highs/lows. My current theory is Eur will go down to below 1.17 next for it's next refuel and push the dollar back up. But I could be wrong. I see an overextended W pattern here so I'd like to see a move down on GU next into the green zone before much higher. Not sure just gonna take bites out of this market until I am sure, trading breakouts etc. I shorted Eur just an hour ago as I missed the breakout move in the morning on GU unfortunately. As always..could be wrong!
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  • #587,994
  • Apr 5, 2021 1:59pm Apr 5, 2021 1:59pm
Quoting BeeTogether
{quote} i wish i was stuck in those longs lol!! need the pair to drop by at least 50% and then I can reenter a long to target 1.4
I put them on Friday, but there was no movement as it was a Bank Holiday. I wish it was a Bank Holiday every day.
Don't trade what you think. Just what you see!!!
  • #587,995
  • Apr 5, 2021 1:59pm Apr 5, 2021 1:59pm
40 pip correction to 1.386, buy the dip TP1 1.396 TP2 1.40
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  • #587,996
  • Apr 5, 2021 2:03pm Apr 5, 2021 2:03pm
Quoting Theoak
{quote} I put them on Friday, but there was no movement as it was a Bank Holiday. I wish it was a Bank Holiday every day.
So they can let us trade in absolute peace, right? ... I wish too

SS
  • #587,997
  • Apr 5, 2021 3:24pm Apr 5, 2021 3:24pm
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yes yes yes
  • #587,998
  • Apr 5, 2021 3:47pm Apr 5, 2021 3:47pm
Quoting Moty
{image} {image}
The price is working in a channel for about two three hours now.
Not moving anywhere.
  • #587,999
  • Apr 5, 2021 3:55pm Apr 5, 2021 3:55pm
GU

Mapping for Asia minor pull back

Continuation during London.

Method of analysis using Support & Resistant.

Any comment and view are welcome.

Thank You

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  • #588,000
  • Apr 5, 2021 3:57pm Apr 5, 2021 3:57pm
Quoting BeeTogether
{quote} i wish i was stuck in those longs lol!! need the pair to drop by at least 50% and then I can reenter a long to target 1.4

Closed both down now

+82 pips
and
+64 pips
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Don't trade what you think. Just what you see!!!
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