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Cable Update (GBPUSD)

  • #591,061
  • Apr 23, 2021 12:26am Apr 23, 2021 12:26am
Quoting ZeroLag
{quote} my view of DXY is perhaps we have developed some new support... {image}
she often respect 61.8 fib the 2 swings on your chart are good examples 61.8 is @ 91 10 with psych 91 00 just below was cheap entry smallish stoploss brits will decide time will tell???
If you are new to Forex? Say Goodbye to your account!!
  • #591,062
  • Apr 23, 2021 12:31am Apr 23, 2021 12:31am
Okaaaay, GU had balls to retrace up more than I expected, still that exact 1.3866 was in the cards, have it a line on my chart too TBH, nothing weird so far even 1.3880s but there will start to turn doubtful as would have broke over daily pivot while now it's just below when the EU is at it!

Lower targets start from 1.3810 to 1.3770s and price should hold above 1.3730

Just a little skeptical if GU can go that low means it will most probable close around there and that also means very bearish weekly candle.
After an upward move from down to over 1.3880s to even reaching 1.4010 all in 24hr., not sure this time if market motivation really twisted that sharp.

Still bearish anyways down to 1.35 first but just thinking rationally as technically we know both ways are possible, just matter of which market would choose.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #591,063
  • Apr 23, 2021 12:39am Apr 23, 2021 12:39am
Quoting ZeroLag
{quote} my view of DXY is perhaps we have developed some new support... {image}
Yep, that support is on my chart also
Compulsions can be hard to resist
  • #591,064
  • Apr 23, 2021 12:40am Apr 23, 2021 12:40am
Quoting Ihlas
Sell 1.38620 Target 1.38000 for today
Good target I think.
Compulsions can be hard to resist
  • #591,065
  • Apr 23, 2021 12:40am Apr 23, 2021 12:40am
Quoting ChiForex
Okaaaay, GU had balls to retrace up more than I expected, still that exact 1.3866 was in the cards, have it a line on my chart too TBH, nothing weird so far even 1.3880s but there will start to turn doubtful as would have broke over daily pivot while now it's just below when the EU is at it! Lower targets start from 1.3810 to 1.3770s and price should hold above 1.3730 Just a little skeptical if GU can go that low means it will most probable close around there and that also means very bearish weekly candle. After an upward move from down to over...
90% of the time price do plummet by 40 to 50 pips below weekly open, since price had first gone above the weekly open by 180 pips and surrendered everything. The bears now have the initiative to 1.3780 area for today if 1.3886 isn't violated.
Data + Stat + Risk/Emotions Management
  • #591,066
  • Apr 23, 2021 12:45am Apr 23, 2021 12:45am
Quoting trumps
{quote} Good target I think.

It will drop to 1.37850
  • #591,067
  • Apr 23, 2021 12:56am Apr 23, 2021 12:56am
2 minor gbp data releases 5minutes then 2hrs of eu releases then another 2 gbp releases, just saying, possible movers???
If you are new to Forex? Say Goodbye to your account!!
  • #591,068
  • Apr 23, 2021 1:22am Apr 23, 2021 1:22am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 386 KB
  • #591,069
  • Apr 23, 2021 1:25am Apr 23, 2021 1:25am
waiting...
but im bearish
Trade with prediction = witch with her visions lol
  • #591,070
  • Apr 23, 2021 1:34am Apr 23, 2021 1:34am
Quoting dimitricss
waiting... but im bearish
im stil waiting 1.3880 to be hit for bearish also ..
sleepy on the PA like pillow block
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #591,071
  • Apr 23, 2021 1:37am Apr 23, 2021 1:37am
Quoting Georginson
{quote} 90% of the time price do plummet by 40 to 50 pips below weekly open, since price had first gone above the weekly open by 180 pips and surrendered everything. The bears now have the initiative to 1.3780 area for today if 1.3886 isn't violated.
Where have you been mate
  • #591,072
  • Apr 23, 2021 1:39am Apr 23, 2021 1:39am
Inserted Video
Like me, cuts losses quickly. But has more patience and lets his winn
  • #591,073
  • Apr 23, 2021 1:47am Apr 23, 2021 1:47am
I had a feeling the crooks will revarsed before.
They can't fool me anymore
It's so tempting to go for the hard drop , i need to hold myself not to change the tp for lower
But if it will break y's low i will wait for the pull back and take
Meanwhile, an engulfing bearish candle on the fo
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 04-23-2021 09.43.jpg Size: 138 KB
yes yes yes
  • #591,074
  • Apr 23, 2021 2:11am Apr 23, 2021 2:11am
They went for the spike to 1.38730 mf
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 04-23-2021 10.10.jpg Size: 137 KB
yes yes yes
  • #591,075
  • Apr 23, 2021 2:12am Apr 23, 2021 2:12am
That's it for the shorters it seems. Direction for the day seems to be up, it clearly tries to hit above 1.39 and then Back to 1.40...
  • #591,076
  • Apr 23, 2021 2:17am Apr 23, 2021 2:17am
Quoting geektrader
That's it for the shorters it seems. Direction for the day seems to be up, it clearly tries to hit above 1.39 and then Back to 1.40...
1.392
  • #591,077
  • Apr 23, 2021 2:18am Apr 23, 2021 2:18am
The zone is holding, could be the beginning of the final bull leg of the W, ie higher high

I have completely missed the mark all week with HTF direction though, or at least, not been able to execute on it properly
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 72 KB
  • #591,078
  • Apr 23, 2021 2:18am Apr 23, 2021 2:18am
The drop is coming
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 04-23-2021 10.17.jpg Size: 140 KB
yes yes yes
  • #591,079
  • Apr 23, 2021 2:19am Apr 23, 2021 2:19am
Sell again from 1.38850
New target is in the pocket 1.37700
Boom!!!
Have a good day guys. That's all for today.
It is the beginning of BEAR ERA LOL
  • #591,080
  • Apr 23, 2021 2:20am Apr 23, 2021 2:20am
Spotted a new trend line formed at 4h early this morning gmt8. Bought some at support level 1.38274. Will exit soon at resistance level 1.39042.

I think we are on bullish trend until Q2 - Q3

What say you guys?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4-UKtime.png Size: 29 KB
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