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Cable Update (GBPUSD)

  • #590,521
  • Apr 21, 2021 12:46am Apr 21, 2021 12:46am
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yes yes yes
  • #590,522
  • Apr 21, 2021 12:52am Apr 21, 2021 12:52am
Route for wave 5... 4100
lets see..
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Peace Yo!
  • #590,523
  • Apr 21, 2021 1:14am Apr 21, 2021 1:14am
Up up and away
This time i am not stopping at adr high or anything
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yes yes yes
  • #590,524
  • Apr 21, 2021 1:18am Apr 21, 2021 1:18am
Quoting Moty
Up up and away This time i am not stopping at adr high or anything {image}
im with you mot haha , i get the position at 1.39180 area lately XD

see how far it can go or break it 1.40000
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #590,525
  • Apr 21, 2021 1:19am Apr 21, 2021 1:19am
buying is intact
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  • #590,526
  • Apr 21, 2021 1:23am Apr 21, 2021 1:23am
It has to break 1.40 this time around, surely? Why would they create a move like that just to stop at Feb/March resistance. Buying around here seems obvious but hey the market has proved me wrong more than once.
  • #590,527
  • Apr 21, 2021 1:24am Apr 21, 2021 1:24am
UK Inflation rates came no different than the consensus. It wasn't lower as i wanted to be. I took my profits. 170+ pips. Not bad
You have to have an IQ higher than 90 to interact with this user.
  • #590,528
  • Apr 21, 2021 1:25am Apr 21, 2021 1:25am
Quoting mysterio
It has to break 1.40 this time around, surely? Why would they create a move like that just to stop at Feb/March resistance. Buying around here seems obvious but hey the market has proved me wrong more than once.
I have a sell position at 1.39. I am holding it. Also I have entered long.

any idea if we can see 1.39 and below in near future?
  • #590,529
  • Apr 21, 2021 1:30am Apr 21, 2021 1:30am
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yes yes yes
  • #590,530
  • Apr 21, 2021 1:32am Apr 21, 2021 1:32am
Quoting Ehsank78
{quote} I have a sell position at 1.39. I am holding it. Also I have entered long. any idea if we can see 1.39 and below in near future?
Well, I have only been trading since November so take what I say with a grain of salt.

My guess is there's a lot of unfilled buy orders all throughout the 1.39 and high 1.38 area after that move on Monday so I will struggle to see how it can break much below here. Instinctually after a breakout move like that I expect to see some pullback then continuation. There is a large W pattern which is very bullish after a pullback/retrace so my guess it either will test the neckline (around here) before taking off or a fib retrace of the last bull leg, which can be below 1.39. Best to be prepared for anything but it's playing out as expected so far, Tuesday reversal day then Weds continue with the trend. In terms of probabilities buys are better than sells (ie go with the trend). Double bottom and breakout of a daily channel is as bullish as it gets. GBP news this morning was pretty benign. I have my buys in around the 1.3920s after buys in the 30s stopped BE overnight

For the bear picture I look to the dollar, Euro reacted strongly off of a daily supply yesterday so can send the dollar up. But it also breakout of a daily channel so the picture is mixed. Again DXY is heavily trending down so the odds are for a continuation down. Euro and GU have been diverging a lot lately though
  • #590,531
  • Apr 21, 2021 1:37am Apr 21, 2021 1:37am
Missed 13180 whilst I saw was sleeping as had set long for 139890. Anyway am now long at 13940 open tp s/l 139
Insane in the Brain..
  • #590,532
  • Apr 21, 2021 1:44am Apr 21, 2021 1:44am
Quoting mysterio
{quote} Well, I have only been trading since November so take what I say with a grain of salt. My guess is there's a lot of unfilled buy orders all throughout the 1.39 and high 1.38 area after that move on Monday so I will struggle to see how it can break much below here. Instinctually after a breakout move like that I expect to see some pullback then continuation. There is a large W pattern which is very bullish after a pullback/retrace so my guess it either will test the neckline (around here) before taking off or a fib retrace of the last bull...
Thank you for your reply. I will continue to hold it. Hope GU doesnt cross 1.42
  • #590,533
  • Apr 21, 2021 1:52am Apr 21, 2021 1:52am
Quoting mysterio
{quote} Well, I have only been trading since November so take what I say with a grain of salt. My guess is there's a lot of unfilled buy orders all throughout the 1.39 and high 1.38 area after that move on Monday so I will struggle to see how it can break much below here. Instinctually after a breakout move like that I expect to see some pullback then continuation. There is a large W pattern which is very bullish after a pullback/retrace so my guess it either will test the neckline (around here) before taking off or a fib retrace of the last bull...
I am convinced with your opinion.
There is a resistance at 1.3914 which I was expecting to atleast test if not 1.3900.
Perhaps its a fake breakout from 1.3915, I am still hopeful that it will come down to test 1.3914 and even 1.3900 at least
My observation may be wrong but intent correct. Stay calm!
  • #590,534
  • Edited 2:11am Apr 21, 2021 1:55am | Edited 2:11am
GU

Scalping SHORT


Quick Scalp @ L.O.

EDIT : Price testing round number


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  • #590,535
  • Apr 21, 2021 1:58am Apr 21, 2021 1:58am
Quoting Bainbrito
{quote} {image} Until now the volume has been too low, smells like bait - I could be wrong though
asia pacific is always smelly and good data at 6pm sort of stuffed things for bears (micro) however will see what brits have to say in 2 minutes
If you are new to Forex? Say Goodbye to your account!!
  • #590,536
  • Apr 21, 2021 2:06am Apr 21, 2021 2:06am
Quoting Ehsank78
{quote} I have a sell position at 1.39. I am holding it. Also I have entered long. any idea if we can see 1.39 and below in near future?
how long is a piece of string, you sold in a strong bull surge Monday, use a stop loss, ffs
If you are new to Forex? Say Goodbye to your account!!
  • #590,537
  • Apr 21, 2021 2:10am Apr 21, 2021 2:10am
Quoting Sang.Real
GU Scalping SHORT Quick Scalp @ L.O. {image}
u think it would fall upto 80pips ?
Keep the Lights on then you can catch the rise from the dark.
  • #590,538
  • Apr 21, 2021 2:10am Apr 21, 2021 2:10am
Quoting KiwiTrada
{quote} how long is a piece of string, you sold in a strong bull surge Monday, use a stop loss, ffs
eu hourly H&S testing neckline right now ?????
If you are new to Forex? Say Goodbye to your account!!
  • #590,539
  • Apr 21, 2021 2:11am Apr 21, 2021 2:11am
Morning Gang,

I am seeing 1.40259 as a target area today. That level could be a decision area. REJECT OR BREAK IT.

Let's see how it goes.
Take Care
  • #590,540
  • Apr 21, 2021 2:13am Apr 21, 2021 2:13am
the cross will come
min while , little long for 20-24 pips
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yes yes yes
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