Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#588,761
Apr 9, 2021 2:35am Apr 9, 2021 2:35am

phd893
Joined Aug 2014 | Status: Trader | 822 Posts

Quoting phd893

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{image}

Ignored

https://www.mql5.com/en/charts/13748...-group-limited

#588,762
Apr 9, 2021 2:41am Apr 9, 2021 2:41am

Whale
Joined Jun 2013 | Status: Trader | 14,558 Posts

Quoting parshal

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{quote} Perhaps that's the next step and not outside the box. First let it fall until at least 1.3650...then your chart can depict the next story

Ignored

im not guessing what is the next story, and especially doesn't come with prejudices of any trading method\TA.
don't ignore other potential scenarios.

nothing special for me at 3650 beside AB=CD 1.27 , 3530-3600 is the real deal area.

#588,763
Apr 9, 2021 2:51am Apr 9, 2021 2:51am

kris89
Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts

the price is near major supply . its wasted if price didnt take down 1.3600 first . the PA wouldn`t do that . price always seek nearby .
lets patient sell until get that area XD . no long for a while

"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"

#588,764
Apr 9, 2021 3:00am Apr 9, 2021 3:00am

Taugo
| Joined Jan 2021 | Status: Trader | 6 Posts

if 1.3670 hold today ,it is real support ,i think we could reach 1.3760 and 1.3800 ..fibo 38 and 50

#588,765
Apr 9, 2021 3:02am Apr 9, 2021 3:02am

Ryd3n
Joined Jan 2021 | Status: Trader | 286 Posts

Hey 1.3540, see you soon!

We cut the winners short and let the losers run.

#588,766
Apr 9, 2021 3:04am Apr 9, 2021 3:04am

hesron
Joined Dec 2012 | Status: Trader | 4,718 Posts

We have doji in tf h4 , still better if demand coming with strong power , so that it creates a demand area if there is 1 more bullish candle with a large body ... but all depend on smart money

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The Average Discount Everything

#588,767
Apr 9, 2021 3:06am Apr 9, 2021 3:06am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,026 Posts

Maybe I’m naive but unless there is a need for a drop to 135-136 when in terms of GBP economics things are better than they were in December , January. Whilst there may be a slight drop I can’t see being in bearish mode for too long.

Insane in the Brain..

#588,768
Apr 9, 2021 3:11am Apr 9, 2021 3:11am

mysterio
Joined Sep 2009 | Status: Trader | 6,009 Posts

Quoting BeeTogether

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Maybe I’m naive but unless there is a need for a drop to 135-136 when in terms of GBP economics things are better than they were in December , January. Whilst there may be a slight drop I can’t see being in bearish mode for too long.

Ignored

Dunno man. We're in the worst recession since the war of Spanish succession in the 1700s. Businesses closing at record rates and unemployment skyrocketing. Unsustainable levels of debt. a government that's happy to put it's entire citizenry under house arrest at the drop of a hat. A problematic vaccine that's giving people blood clots. Wait 'til furlough ends that's when the real shit hits the fan.

#588,769
Apr 9, 2021 3:11am Apr 9, 2021 3:11am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

the drop is here

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yes yes yes

#588,770
Apr 9, 2021 3:13am Apr 9, 2021 3:13am

mtako
Joined Sep 2020 | Status: Trader | 8,702 Posts

Beautiful movements down.

But I need to exercise my patience a little longer

If only it wouldnt be at the bottom an endless range and multi tested support

!

If only price had remained well under it...

Waiting for moves below 3666 to take selling seriously

We are so lucky to be able to look both ways, right ?

For now, Buy stop @ 37333 TP1 : 3778 move half to breakeven, TP2 : 1.4 minimum

SL below the low.

Looking for sells below 366666666

If I don't mention SL and/or TP = longer-term setup possibly in the works!

#588,771
Apr 9, 2021 3:28am Apr 9, 2021 3:28am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,026 Posts

Quoting mysterio

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{quote} Dunno man. We're in the worst recession since the war of Spanish succession in the 1700s. Businesses closing at record rates and unemployment skyrocketing. Unsustainable levels of debt. a government that's happy to put it's entire citizenry under house arrest at the drop of a hat. A problematic vaccine that's giving people blood clots. Wait 'til furlough ends that's when the real shit hits the fan.

Ignored

i agree with you there however the signs of us coming out strongly are there too.. which weren’t there in feb when we hit 142

Insane in the Brain..

#588,772
Apr 9, 2021 3:29am Apr 9, 2021 3:29am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

Quoting mtako

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Beautiful movements down. But I need to exercise my patience a little longer If only it wouldnt be at the bottom an endless range and multi tested support ! If only price had remained well under it... Waiting for moves below 3666 to take selling seriously We are so lucky to be able to look both ways, right ? For now, Buy stop @ 37333 TP1 : 3778 move half to breakeven, TP2 : 1.4 minimum SL below the low. Looking for sells below 366666666

Ignored

the down move will end at 1.366660
you need no sell the break of last hourly low , that was broke

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yes yes yes

#588,773
Apr 9, 2021 3:39am Apr 9, 2021 3:39am

mtako
Joined Sep 2020 | Status: Trader | 8,702 Posts

Quoting Moty

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{quote} the down move will end at 1.366660 you need no sell the break of last hourly low , that was broke {image}

Ignored

in regards to my own strategies, probabilities, mm..., support not broken.

Its got to stay below the support for it to have any value for me,

it could very well be where the move will end, but im not in the business of predicting; am and be just reacting.

And as I said, I d consider sells dependent on moves below that price, not selling at that price.

If I don't mention SL and/or TP = longer-term setup possibly in the works!

#588,774
Apr 9, 2021 3:46am Apr 9, 2021 3:46am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

Quoting mtako

Disliked

{quote} in regards to my own strategies, probabilities, mm..., support not broken. Its got to stay below the support for it to have any value for me, it could very well be where the move will end, but im not in the business of predicting; am and be just reacting. And as I said, I d consider sells dependent on moves below that price, not selling at that price.

Ignored

yes , you are right , i figured it out finally
1.36696 is massive support , will spikes gu for the rest of the day
long gold for 10 pts
long gu tp open
dx is week

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yes yes yes

#588,775
Apr 9, 2021 3:48am Apr 9, 2021 3:48am

Vincent1
Joined Aug 2019 | Status: Trader | 598 Posts

Quoting BeeTogether

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Maybe I’m naive but unless there is a need for a drop to 135-136 when in terms of GBP economics things are better than they were in December , January. Whilst there may be a slight drop I can’t see being in bearish mode for too long.

Ignored

I don't think big investors are going to see what the economic situation is at that exact moment. It would be too easy, and they would always be late.
It was assumed that the outlook and economic situation of April was better than that one of December

If you want to think like them, you have to think many months ahead. That moves the markets. Not what is going on today, but what is done today and what effect it will have next 6 or 12 months, or more

IMHO

#588,776
Apr 9, 2021 3:58am Apr 9, 2021 3:58am

Whale
Joined Jun 2013 | Status: Trader | 14,558 Posts

Quoting Moty

Disliked

{quote} yes , you are right , i figured it out finally 1.36696 is massive support , will spikes gu for the rest of the day long gold for 10 pts long gu tp open dx is week {image} {image}

Ignored