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Cable Update (GBPUSD)

  • #589,521
  • Apr 14, 2021 5:11pm Apr 14, 2021 5:11pm
if Gbp broken yellow area maybe go to 1.3700 or more
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  • #589,522
  • Apr 14, 2021 5:12pm Apr 14, 2021 5:12pm
Quoting coyoteuglyxxx
Is this too obvious or am I imagining it? Anyone else on the same page as me? :-) {image}
H&S norm is @ top of trend aka possible reversal! yours has no bull trend to reverse? looking to the left of your chart there is a genuine H&S with neckline breach, retest, and reversal, with target achieved as per the H&S, if your go out to 4hr that H&S reversal has a nice chunk of change on offer low @ 2676 going out to daily the bull trend is even bigger low @ sub 1 1500!! as per your chart pa is trending east - southeast, Im not saying you wrong, however higher timeframes do indicate pretty decent bear trend, howerver as always using 4hr and daily charts, she could also simply pulling back, ready for continuation of bull train, confirmation will be printing a new high 1 4238, fib pull back on 4hr is presently 38.2 approx and daily 23.6 (@ 3571), personally I feel cable is "most" respective of fib 50, 4hr is approx 1 3456 daily approx 1 2826, presently with pa east - southeast, better to trade the waves until trend confirmation :-)
If you are new to Forex? Say Goodbye to your account!!
  • #589,523
  • Apr 14, 2021 6:01pm Apr 14, 2021 6:01pm
Inserted Video
Like me, cuts losses quickly. But has more patience and lets his winn
  • #589,524
  • Apr 14, 2021 6:02pm Apr 14, 2021 6:02pm
Quoting M.Fadly
https://youtu.be/vBZntQusfj0
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #589,525
  • Apr 14, 2021 6:32pm Apr 14, 2021 6:32pm
I'm watching 1.37600 are if the price hold on and take flight to next level . Will see down side on asian and london to flight
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #589,526
  • Apr 14, 2021 7:08pm Apr 14, 2021 7:08pm
Quoting M.Fadly
{quote} {image}
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #589,527
  • Apr 14, 2021 7:59pm Apr 14, 2021 7:59pm
GBPUSD.... is so boring today... Asian market...dang!
I' have one open buy position today... at 1.3786...targeting 20 to 30 pips... expecting price to move up...going to 1.3845 area...it doesn't have to be 100 pips move up...
Let see... ( I could be wrong...)
Good luck...guys! Good luck to me!
  • #589,528
  • Edited Apr 15, 2021 12:08am Apr 14, 2021 8:10pm | Edited Apr 15, 2021 12:08am
A weekly close above 1.420 or so is important for longer term bullish view.
I am playing just short moves ATM, as I still have conflicting red lights/green lights
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Compulsions can be hard to resist
  • #589,529
  • Apr 14, 2021 8:57pm Apr 14, 2021 8:57pm
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i see as Accumulation , see if that happened or not ~
my black line is my entry later . will watch for a bull pattern
risk low , MM and get pawned
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #589,530
  • Apr 14, 2021 11:07pm Apr 14, 2021 11:07pm
Quoting KiwiTrada
{quote} aussie weekly has H&S top psych 8000 neckline aprox 7500 norm is neckline break, aggressive is trying to catch right shoulder my guess appox 7737 this weeks high and previous weekly high 7755 I am looking for weakness to start building position presently worth an eyeball for aggressive traders only
"approx right shoulder top?" 7737 was little bit short, 7744 this could prove a nice return :-) medium term
If you are new to Forex? Say Goodbye to your account!!
  • #589,531
  • Apr 14, 2021 11:20pm Apr 14, 2021 11:20pm
Quoting KiwiTrada
swissy getting very compressed hrly in pennant cad @ nice level 1 2519 seen best 4hrly previous support since 23 march with only two legs pierced down were held by psych 1 25000 (Daily shows nice double bottom "pins") 1st leg drove back up to 1 26330 nice chump change, if she can get through 2519 possible larger drive north on the cards, daily range 26days 1 2500 - 1 1265 well worth an eyeball cable todays close will be important presently inverted hammer any more lower into close will strengthen now held by daily previous high ??
pennant has breached 9230, with or without retest, pennant pole target is 9276 medium target is 50% pullback of last weeks candle 9336 weekly falling tl medium - long term is present weekly high (pullback) 9471 long term if falling tl fails would be 200sma weekly 9650 (moving) longer long term parity :-)
If you are new to Forex? Say Goodbye to your account!!
  • #589,532
  • Apr 14, 2021 11:47pm Apr 14, 2021 11:47pm
its my key for short, break (i)
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  • #589,533
  • Apr 15, 2021 12:13am Apr 15, 2021 12:13am
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yes yes yes
  • #589,534
  • Edited 1:08am Apr 15, 2021 12:15am | Edited 1:08am
Short in at 1.3768

- 7 pip loss
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Don't trade what you think. Just what you see!!!
  • #589,535
  • Apr 15, 2021 12:16am Apr 15, 2021 12:16am
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This level make more a valid
  • #589,536
  • Apr 15, 2021 12:23am Apr 15, 2021 12:23am
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  • #589,537
  • Apr 15, 2021 12:32am Apr 15, 2021 12:32am
dx will go up today
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yes yes yes
  • #589,538
  • Apr 15, 2021 12:32am Apr 15, 2021 12:32am
Quoting corongumet
{image}This level make more a valid
My expectation to test (ii) so lets see.
We have a Core Retail Sales
  • #589,539
  • Edited 12:47am Apr 15, 2021 12:34am | Edited 12:47am
Quoting Moty
dx will go up today {image}
from asian market mover , i assumed bull will enter in london . and see how far will take .
i`m not with bear rn . haha price make higher and higher

1.38500 need to hit first today , before i make a sell off .
and if the price can strongly break that level , ill add more when pull back . if retreat from that area i`ll sell off to 1.36000

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"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #589,540
  • Apr 15, 2021 12:52am Apr 15, 2021 12:52am
please don't go up again to 1.38000 , you know that the drop iks coming
why resist the uninventable?
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yes yes yes
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