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Cable Update (GBPUSD)

  • #588,401
  • Apr 7, 2021 10:17am Apr 7, 2021 10:17am
Bought !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #588,402
  • Apr 7, 2021 10:18am Apr 7, 2021 10:18am
Last trade for me today. sell @ 1.3780
We cut the winners short and let the losers run.
  • #588,403
  • Apr 7, 2021 10:23am Apr 7, 2021 10:23am
Bought ! Stopped out in first candle, good ! reentry at 92 if in above average move!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #588,404
  • Apr 7, 2021 10:28am Apr 7, 2021 10:28am
Quoting Ihlas
UPDATE: Obvious targets for downtown: 1.38200 (destroyed), 1.37700 (destroyed), 1.37400 (destroyed), 1.36900 (on the way), 1.36600 (after the way) After the last target we have uptown shopping till 1.39700 Obvious target for uptown: 1.39000, 1.39700 Have a good day
If 1.367 got liquidated and becomes resistance I think that it's confirmation for wave 3 on 4 hours. Target at least 1.347 then.
Air force
  • #588,405
  • Apr 7, 2021 10:29am Apr 7, 2021 10:29am
I flexabbl
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yes yes yes
  • #588,406
  • Apr 7, 2021 10:31am Apr 7, 2021 10:31am
While I admit it's not clear, the yearly isn't a great chart on its own to be reasoning long.
The quarterly is probably the highest any retail needs go, that being said, it's good to know what's on the yearly.

Given the last $ quarterly ,I would work bottom up from the monthly to see that high probability bullish set up will break.
Right along with a very clear fundamental $ situ of they just helicoptered 4,600 billion into a economy opening up from a pandemic.
(when they only earn 3,500 billion a year)

So you longer term buyers do not have the monthly ,if the last monthly failed outright it would not stop, because probability isn't on that side right now.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #588,407
  • Apr 7, 2021 10:36am Apr 7, 2021 10:36am
Quoting W0lfram
{quote} If 1.367 got liquidated and becomes resistance I think that it's confirmation for wave 3 on 4 hours. Target at least 1.347 then.

I don't know yet. But for now I mentioned obvious targets. But as the price develops it can make new targets at the downtown. As the downtown targets are over the obvious upper target is 1.39700
  • #588,408
  • Apr 7, 2021 10:40am Apr 7, 2021 10:40am
Quoting Nd10
{quote} Wow more sell? Wave you are wonderful
Thanks, Nd,

This trade earned me 21 pips in the red, but it did not deter me from opening more sell trades. I continue selling whilst I have cyclic short trades.

All good now with all trades locked in and price must do what it has to.

Cheers friend.
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Trade to trade another day
  • #588,409
  • Edited 11:20am Apr 7, 2021 10:41am | Edited 11:20am
One final long at 13757 s/l 13730 scalp mode for 10-20 pips

tp 138 now will let this play out will be enough.
Insane in the Brain..
  • #588,410
  • Apr 7, 2021 10:45am Apr 7, 2021 10:45am
Quoting Moty
{quote} care full {image}
All sorted Moty
Cheers.
Trade to trade another day
  • #588,411
  • Apr 7, 2021 10:53am Apr 7, 2021 10:53am
Quoting Wavegarrick
{quote} All sorted Moty Cheers.
i took it also at the zone
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eu is on a drop ride
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yes yes yes
  • #588,412
  • Apr 7, 2021 10:57am Apr 7, 2021 10:57am
Quoting ChiForex
Hold your balls strong, do not crack folks Nothing changed, just sell the rallies, 1.3918 lower higher already placed of long term resistance trendline that is decreasing to 1.3875-90 now, then 1.3850 and in no time you'll be saying hi to 1.3730 then toward 1.3450s later I'm facing you history, mark GU fall in April 2021
After the expected movement happened and the big bounce off monthly support 1.3720s to 1.3790s but the big fall from there is a sign that support will sooner or later be broken, gradually toward my long term down supports as said before...although 1.3720s is monthly support that means not easy to break but many tests would break it..Watch PA around 1.3720s
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #588,413
  • Apr 7, 2021 10:58am Apr 7, 2021 10:58am
long above 3740 ( 3742 ) for me.
Intraday only.
  • #588,414
  • Apr 7, 2021 11:01am Apr 7, 2021 11:01am
switched to long
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yes yes yes
  • #588,415
  • Apr 7, 2021 11:05am Apr 7, 2021 11:05am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #588,416
  • Apr 7, 2021 11:05am Apr 7, 2021 11:05am
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yes yes yes
  • #588,417
  • Apr 7, 2021 11:08am Apr 7, 2021 11:08am
Quoting navk
long above 3740 ( 3742 ) for me.
target 3800 ( for today )
Intraday only.
  • #588,418
  • Apr 7, 2021 11:12am Apr 7, 2021 11:12am
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yes yes yes
  • #588,419
  • Apr 7, 2021 11:28am Apr 7, 2021 11:28am
i am out !
little loss .
the bears are strong
dx is looking good right now.
took short eu again to 1.18500
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yes yes yes
  • #588,420
  • Apr 7, 2021 11:29am Apr 7, 2021 11:29am
Easy day so far, now what about fomc... mm.. i hope it will take it to another fly and destroy it the day after
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