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Cable Update (GBPUSD)

  • #590,941
  • Apr 22, 2021 9:25am Apr 22, 2021 9:25am
Quoting Nd10
{quote} Hope you are milking the sell
no I took a hit on Tuesday I think and switched to long! Targeting 141! Now it’s all about damage control. 1st target to get back to 13950 take the 10 pip profit
2nd target re-enter on retrace towards 141.
Insane in the Brain..
  • #590,942
  • Apr 22, 2021 9:26am Apr 22, 2021 9:26am
long
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The only constant is change
  • #590,943
  • Apr 22, 2021 9:26am Apr 22, 2021 9:26am
Quoting Kajos2250
GU H6 GMT+2 After weekly target ~1.4 and H12 reaching target ~1.4 again, it seems the bulls are tired. Following the bearish engulfing on H6 Sell stop .3897 SL .3958 1st TP and BE at .3830 2nd TP .3764 3rd TP ~.3600 rr > ~1,5 Good luck! {image}
TP1 -> use BE .3895
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Anything is math!
  • #590,944
  • Apr 22, 2021 9:26am Apr 22, 2021 9:26am
Quoting Moty
{image}
The OTE 1.38265 the last zone for reversal or he will kick any buyer xD
I believe the range already reach and these area will retrace at least 50%
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #590,945
  • Apr 22, 2021 9:27am Apr 22, 2021 9:27am
ADR and S3 hit. Bear show should be over now. I triggered my long after seeing a reaction of S3 1.3830
  • #590,946
  • Apr 22, 2021 9:28am Apr 22, 2021 9:28am
Quoting shotshell
{quote} Moty, what's your guess as to where this selloff goes to? 1.3781 is the weekly pivot & if it goes lower than 1.3848 I'm thinking it heads there. {image}
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yes yes yes
  • #590,947
  • Apr 22, 2021 9:28am Apr 22, 2021 9:28am
holding now
take care guys
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  • #590,948
  • Apr 22, 2021 9:34am Apr 22, 2021 9:34am
Now time to Buy !!!! Patience is KEY
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #590,949
  • Apr 22, 2021 9:40am Apr 22, 2021 9:40am
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yes yes yes
  • #590,950
  • Apr 22, 2021 9:43am Apr 22, 2021 9:43am
GU

HTF Long set up. ? Maybe

Switching to LTF to find a entry point.


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  • #590,951
  • Apr 22, 2021 9:43am Apr 22, 2021 9:43am
Quoting Vincent1
No bears before 1.4070 Possible area with bears 1.4070/1.4100 In case of extreme movment 1.4150/1.4180 After that, with a good selling signal from there, 1.30 could be the next target for the bears IMHO
Quoting Vincent1
{image}
Let's see...
I hope to take profit on 28th (FOMC)

TP may change based on price action
SL to move in profit asap

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  • #590,952
  • Apr 22, 2021 9:46am Apr 22, 2021 9:46am
Now it is bearish, didn't took a week. TP hit successfully.
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Try the simple and make it for you ~
  • #590,953
  • Apr 22, 2021 9:48am Apr 22, 2021 9:48am
Quoting KiwiTrada
{quote} doing very nice tooo 91 20 sl BE cable @minor support 1 3884 geppy 150 053 & psych 150 00, time will tell buyer here been little spanked
more spanking and more pain to come, time for bed, let market do its thing, excellent us unemployment figures is fuel
If you are new to Forex? Say Goodbye to your account!!
  • #590,954
  • Apr 22, 2021 9:49am Apr 22, 2021 9:49am
Quoting mtako
Now time to Buy !!!! Patience is KEY
for sure i went in drawdown for not being well patiente...
green pips
  • #590,955
  • Apr 22, 2021 9:55am Apr 22, 2021 9:55am
Quoting Yngwie
Long 3844 SL 3820
dem bit early lol. however manage reload more lot 3829/30
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #590,956
  • Apr 22, 2021 9:59am Apr 22, 2021 9:59am
Quoting Yngwie
{quote} dem bit early lol. however manage reload more lot 3829/30
Where are you targeting? I'm considering if this could be the weekly low.
  • #590,957
  • Apr 22, 2021 10:02am Apr 22, 2021 10:02am
Quoting skyhok
GBPUSD H1 Resuming trend down {image}
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Elliott Wave for optimum entry, exit and risk management of trades
  • #590,958
  • Apr 22, 2021 10:14am Apr 22, 2021 10:14am
Wasnt the dollar expected to be weak? Why is everyone expecting bear?
  • #590,959
  • Apr 22, 2021 10:16am Apr 22, 2021 10:16am
1.3827
1.3808
1.3782
1.3746

Trade with prediction = witch with her visions lol
  • #590,960
  • Apr 22, 2021 10:23am Apr 22, 2021 10:23am
Quoting Sang.Real
GU HTF Long set up. ? Maybe Switching to LTF to find a entry point. {image}

Hi Sang.Real !

Shorter term, in this current situation, I would wait for it to go at least go back up to around 3855, before looking for good entries.

It is still in full bears mode now, in my view.

Im in this one for the long run. My main stops now are at BE and are in the late .36.

And GBPUSD has been ranging longterm, for almost 2 months ! So here, I generally want to look for entries Selling around mid-highs and Buying mid-lows. But now that 36 resisted again and 40s were reached, better chance the range has shifted UP, OR that it is starting to trend and we will see new highs.

I waited for this level here, in mid range. Just needed the pair to do his straight OVER ATR/2 move and stall at shortterm support toget in.

Not the best, but its in my book !

P.S enjoyed your analysis, thanks a lot for sharing !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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