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Cable Update (GBPUSD)

  • #592,561
  • May 3, 2021 2:19am May 3, 2021 2:19am
Quoting Tekin
Will it work today {image}

closed most of them at 1.3940. dont forget today UK is holiday. i think i can make many scalp on corrections
  • #592,562
  • May 3, 2021 2:29am May 3, 2021 2:29am
Now just watching the red shaded areas, or as WaveG says the pivot usually is a very strong level
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  • #592,563
  • Edited 2:51am May 3, 2021 2:34am | Edited 2:51am
Entered long
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yes yes yes
  • #592,564
  • May 3, 2021 2:50am May 3, 2021 2:50am
Quoting SCopier
Price will retest lowest and ready to the sky {image}
Hi Scopier,

IMHO, for your sky idea, today’s candle must be sustained but I am not sure that will be the case. Retraces are expected today

Be Kind
  • #592,565
  • May 3, 2021 3:00am May 3, 2021 3:00am
Sell 1.38400
  • #592,566
  • May 3, 2021 3:09am May 3, 2021 3:09am
Quoting Ihlas
Sell 1.38400
Guess it will be wise to see if price will exceed 1.38458. It has tested it twice.
  • #592,567
  • May 3, 2021 3:09am May 3, 2021 3:09am
Quoting JayBag
{quote} Hi Scopier, IMHO, for your sky idea, today’s candle must be sustained but I am not sure that will be the case. Retraces are expected today Be Kind
Look at high TF, mayor trend (H4-MN1) is still Uptrend down move is only for correction.
for more clearly view you can see at weekly chart
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  • #592,568
  • May 3, 2021 3:10am May 3, 2021 3:10am
I expect this minor correction to end at 1.3850/65 area before further fall to 1.3775
Data + Stat + Risk/Emotions Management
  • #592,569
  • May 3, 2021 3:10am May 3, 2021 3:10am
BoE on thursday...it might go up until then...or range until then...or whatever...best is to watch and wait...there will be an easy trade on thursday, if you wait it out, no rush.
Everyone can see the chart, but only a few can actually read it.
  • #592,570
  • May 3, 2021 3:13am May 3, 2021 3:13am
here comes usd bull !!!!
If you are new to Forex? Say Goodbye to your account!!
  • #592,571
  • May 3, 2021 3:17am May 3, 2021 3:17am
Quoting Sang.Real
{quote} GU add to scalping a bit {image}
GU

Good spike to take out Buyer SL

Price bounce of RBS.

Moving to target.

Straight forward setup using Support & Resistant only.

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  • #592,572
  • May 3, 2021 3:18am May 3, 2021 3:18am
Quoting Sang.Real
{quote} GU add to scalping a bit {image}

U seem to be a very good trader
  • #592,573
  • May 3, 2021 3:34am May 3, 2021 3:34am
Quoting Pretense
I don't know.. I don't think there's going to be a bounce like you're all hoping for. We will see but I think its more likely 137.50 tonight
Hate it when I'm wrong. Well we're coming up against the H4 200day sma now which should prove a barrier to further bounce
  • #592,574
  • May 3, 2021 3:35am May 3, 2021 3:35am
A retrace up to 1.3900s is expected but also an opportunity to sell there..on weekly
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #592,575
  • May 3, 2021 3:37am May 3, 2021 3:37am
Quoting Georginson
I expect this minor correction to end at 1.3850/65 area before further fall to 1.3775
IMO I call 1.387ish, which is half of the previous dly candle stick.
What do I know, only price knows best.
  • #592,576
  • May 3, 2021 3:41am May 3, 2021 3:41am
Morning Gang,

Sequel to my previous bunch of SHORTS, I am adding new ones here at 1.3851 to be exact. Now expecting the price to hit 1.37146, crack it and turn that bad boy into a strange-looking turncoat.

BE kind Gang.
  • #592,577
  • May 3, 2021 3:57am May 3, 2021 3:57am
Quoting Tekin
{quote} closed most of them at 1.3940. dont forget today UK is holiday. i think i can make many scalp on corrections

quit everything on last week's support 1.3853
  • #592,578
  • May 3, 2021 3:59am May 3, 2021 3:59am
tp 1.38880 or when price break down heiken ashi 10 lwma
i 5m chart
the long ha is 120 lwma , equel to 10 lwma of h1
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yes yes yes
  • #592,579
  • May 3, 2021 4:04am May 3, 2021 4:04am
A nice short term Bull run and will need a little more of a north run before I'll enter a long. Lets wait and see!!!!
Don't trade what you think. Just what you see!!!
  • #592,580
  • May 3, 2021 4:08am May 3, 2021 4:08am
Quoting Wavegarrick
{quote} Hi Guys, As per the above post, I am in with a contrarian buy trade from my confluence levels 61.8% fib retrace and 1.38000. I will see how this plays out. I am hoping for a test of my weekly pivot at 1.38662 to look for possible short trades. Have a great week, Cheers. {image}
Okie Dokey Folks.
First, sell trade at 1.38566 with a 25 pip s/loss, Will look to add more trade towards my weekly pivot at 1.38662.
Cheers.
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