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Cable Update (GBPUSD)

  • #591,581
  • Apr 27, 2021 3:23am Apr 27, 2021 3:23am
Switch to short
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yes yes yes
  • #591,582
  • Apr 27, 2021 3:35am Apr 27, 2021 3:35am
Quoting Sang.Real
{quote} GU one scalping on the go. Quick in at LO {image}

Current scalping position,

Closing now.

Wait for next scalping set up.


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  • #591,583
  • Apr 27, 2021 3:43am Apr 27, 2021 3:43am
This channel should play significant role for GBP USD this week. My bet is LL today and LL on Wednesday after FOMC taking the pair to around 1.3750 анд поссиблъ ловер. Just my view (projection atm). Breaking out of the channel, going north will ruin my sand castle, but I’ve got stop in place.
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Did you place your stop loss order? Why not?!? Story of my life...
  • #591,584
  • Apr 27, 2021 3:46am Apr 27, 2021 3:46am
Quoting coyoteuglyxxx
This channel should play significant role for GBP USD this week. My bet is LL today and LL on Wednesday after FOMC taking the pair to around 1.3750 анд поссиблъ ловер. Just my view (projection atm). Breaking out of the channel, going north will ruin my sand castle, but I’ve got stop in place. {image}
Correction- Typo: to around 1.3750 and possibly lower
Did you place your stop loss order? Why not?!? Story of my life...
  • #591,585
  • Apr 27, 2021 3:52am Apr 27, 2021 3:52am
There have been many tests of the 88.80% retracement level over last 10 weeks, including last week.
All of them have seen rejection and there is twice as many upper wicks to lower wicks.
The last month, testing the 78.60% level and subsequent retest of the upper level, has been on below average volume (coded yellow) which makes me think the big players consider this a 'fair price zone' and may be content to trade here until some major news gives them a reason to bring it down, which will probably be the Scottish election on 6th May as the SNP are almost certain to win and that would mean Scottish indepence will likely happen.
I imagine there are a lot of stops beyond 1.4000 so expecting to see a big stop hunt before the price finally drops.
Of course, I could be totally wrong.
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  • #591,586
  • Apr 27, 2021 3:53am Apr 27, 2021 3:53am
sometime simplicity is the best
price open below weekly and daily pivot line , rejacketed from then at lo . and broke rising trendline
as long as the price is below daily open line , daily and weekly pivot , target is adr low 1.38220
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yes yes yes
  • #591,587
  • Apr 27, 2021 4:08am Apr 27, 2021 4:08am
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yes yes yes
  • #591,588
  • Apr 27, 2021 4:11am Apr 27, 2021 4:11am
Quoting Katanashino
Sell @3887 SL 3910 TP might be around 3865 , will see how PA react
Hit TP
  • #591,589
  • Apr 27, 2021 4:22am Apr 27, 2021 4:22am
Quoting Pretense
{quote} Short is in the profits. 1.3868 will determine if this keeps going south or returns back to the bulls
and we broke through Gents. down the rabbit hole we go. TP set at 1.3835 and I'm going to bed. SL set at 1.388 safe trading all
  • #591,590
  • Apr 27, 2021 4:25am Apr 27, 2021 4:25am
im the only one the FF look different? like im login via smartphone..
yak
  • #591,591
  • Apr 27, 2021 4:40am Apr 27, 2021 4:40am
Quoting KiwiTrada
{quote} 91 000 psych pierced for now could eu @ ground zero right now, break and plummet ???
hrly retest of 91 000 pierce!! waiting
If you are new to Forex? Say Goodbye to your account!!
  • #591,592
  • Apr 27, 2021 4:47am Apr 27, 2021 4:47am
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yes yes yes
  • #591,593
  • Apr 27, 2021 4:56am Apr 27, 2021 4:56am
price bombard haha
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #591,594
  • Apr 27, 2021 5:01am Apr 27, 2021 5:01am
Quoting Sang.Real
{quote} Current scalping position, Closing now. Wait for next scalping set up. {image}

GU


Lets play

Reverse

Scalp long


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  • #591,595
  • Apr 27, 2021 5:07am Apr 27, 2021 5:07am
Quoting Sang.Real
{quote} GU Lets play Reverse Scalp long {image}
Smart money is here!
Which side will market go in next 1 hour Sang?!!

Nice entry and exits btw. You trade beautiful.
Trade to enjoy... Money is after!
  • #591,596
  • Apr 27, 2021 5:11am Apr 27, 2021 5:11am
unbelievable it was a bears trap
switched again to long , tp 1.39400-1.39500
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yes yes yes
  • #591,597
  • Apr 27, 2021 5:14am Apr 27, 2021 5:14am
Trend line never lie :-)
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  • #591,598
  • Apr 27, 2021 5:14am Apr 27, 2021 5:14am
Quoting Moty
{image}
I prefer you buying your selling is killing my bears!~!!!
If you are new to Forex? Say Goodbye to your account!!
  • #591,599
  • Apr 27, 2021 5:14am Apr 27, 2021 5:14am
Quoting Sang.Real
{quote} GU Lets play Reverse Scalp long {image}
Nice trade Sang!
  • #591,600
  • Apr 27, 2021 5:16am Apr 27, 2021 5:16am
Quoting IBabyTrader
Trend line never lie :-) {image}
Oh they lie all the bloody time, don't lie

So what's going on with GU? I see DXY appeared to breakout this morning but, as it's a HTF TL its hard to say if its a fakeout or just coming in for a retest. We'll know pretty soon. As the GBP side is strong, any USD weakness would send GU flying I think, as they were both strong earlier it was dancing all over.

And this is the problem with trendlines, is it breaking, is it faking, etc. It kind of has to be combined with other factors
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