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Cable Update (GBPUSD)

  • #592,981
  • May 5, 2021 2:41am May 5, 2021 2:41am
Dx has broke up
Tp at short gu is open
This can be a huge move.
I believe we can see daily range over 100 pips today
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-05-2021 10.39.jpg Size: 111 KB
yes yes yes
  • #592,982
  • May 5, 2021 2:50am May 5, 2021 2:50am
The market has been ranging for a while now. If this can drop say 20 pips or so will try and enter a short if conditions are right!!
Don't trade what you think. Just what you see!!!
  • #592,983
  • May 5, 2021 2:52am May 5, 2021 2:52am
Quoting KiwiTrada
{quote} could be neckline of inverted H&S, I have a lot invested in this girl breaking north :-) fib 38 then 50 then much higher {image}
i have also seen this and posted about it yesterday
find a way to make money in your sleep or you work until you die
  • #592,984
  • May 5, 2021 2:52am May 5, 2021 2:52am
Quoting JayBag
{quote} Haha.. A lot has changed over the years Nav. But with your experience for years, you will get the hang of new market conditions very quick

Thanks bro...lets hope so
  • #592,985
  • May 5, 2021 2:52am May 5, 2021 2:52am
Quoting Moty
Dx has broke up Tp at short gu is open This can be a huge move. I believe we can see daily range over 100 pips today {image}
the fall is today , price keep rejecting and make lower high , 1.39100 is being cult down 1.38000 is being aim

london show the way
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #592,986
  • May 5, 2021 2:54am May 5, 2021 2:54am
Quoting pipbasket
inverted h&s on dx, we are shaping right shoulder now, so i can only see longs valid this once, then we drop, so do other usd pairs, just a heads up on whats happening, obv this is my view, and i have not been trading long so may not be valid, best of luck PB
find a way to make money in your sleep or you work until you die
  • #592,987
  • May 5, 2021 3:03am May 5, 2021 3:03am
Looks to be double bottoming/W'ing on that new 1h demand area created...bullish signal. ABCD still in play

https://www.tradingview.com/x/AIdXE1XD/
  • #592,988
  • May 5, 2021 3:05am May 5, 2021 3:05am
Quoting mysterio
Looks to be double bottoming/W'ing on that new 1h demand area created...bullish signal. ABCD still in play https://www.tradingview.com/x/AIdXE1XD/
4 H candle and 1 H candle close will be my outlook entry later
rejection of 1.39000 area will be the key for bear to continue today downward or else price will growth neat 1.39500
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #592,989
  • May 5, 2021 3:08am May 5, 2021 3:08am
Quoting kris89
{quote} 4 H candle and 1 H candle close will be my outlook entry later rejection of 1.39000 area will be the key for bear to continue today downward or else price will growth neat 1.39500
Might buy on a pullback IF we get this kind of price action https://www.tradingview.com/x/AN1qVbJ5/

Albeit everything above 1.3912ish is a bit of a sell area still https://www.tradingview.com/x/5N4SbWSC/

See what happens I guess, haven't touched it yet

Edit-may be a bulls trap that first scenario doesn't look to be playing out, could be range between 1.39-1.38ish still.. staying out until i get something clear
  • #592,990
  • May 5, 2021 3:12am May 5, 2021 3:12am
tp 1.38500
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 40 KB
Click to Enlarge Name: dx.png Size: 24 KB
yes yes yes
  • #592,991
  • May 5, 2021 3:13am May 5, 2021 3:13am
Quoting mysterio
{quote} Might buy on a pullback IF we get this kind of price action https://www.tradingview.com/x/AN1qVbJ5/ Albeit everything above 1.3912ish is a bit of a sell area still https://www.tradingview.com/x/5N4SbWSC/ See what happens I guess, haven't touched it yet
if the price going to blown , its never touch upper , it will let it touch later , and fall far away , that what i aware always like momentum of price , bottoming right now is very clean vision for my pov.

the price keep and keep reject make low and more lower
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #592,992
  • May 5, 2021 3:15am May 5, 2021 3:15am
Quoting Moty
tp 1.38500 {image} {image}
im greedy 1.38000 ^_^ , and my pov price will hold there ranging all night
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #592,993
  • May 5, 2021 3:22am May 5, 2021 3:22am
Quoting W0lfram
{quote} As it turned out, I have neither brain nor patience for trading. So just blindly gambling and drawing something after the entry.
Welcome to my world I managed to get out of that one with 10 pips/2xR but it was an arbitrary decision
  • #592,994
  • May 5, 2021 3:24am May 5, 2021 3:24am
Quoting Moty
tp 1.38500 {image} {image}
Hope down side ride start soon bro
  • #592,995
  • May 5, 2021 3:24am May 5, 2021 3:24am
Its just small correction, H&S in action
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 397 KB
  • #592,996
  • May 5, 2021 3:30am May 5, 2021 3:30am
Quoting pipbasket
{quote} i have also seen this and posted about it yesterday
Are you trading it or waiting neckline break, ??I have been eyeballing it since daily doji last thursday :-) since then has been printing HH HL,s, looking good Im thinking
If you are new to Forex? Say Goodbye to your account!!
  • #592,997
  • Edited 4:13am May 5, 2021 3:31am | Edited 4:13am
Quoting mysterio
{quote} Might buy on a pullback IF we get this kind of price action https://www.tradingview.com/x/AN1qVbJ5/ Albeit everything above 1.3912ish is a bit of a sell area still https://www.tradingview.com/x/5N4SbWSC/ See what happens I guess, haven't touched it yet Edit-may be a bulls trap that first scenario doesn't look to be playing out, could be range between 1.39-1.38ish still.. staying out until i get something clear
It's preparing to pop up on this demand zone I believe. Waiting for confirmation and pullback

Yikes- gave back 8 pips. Got that wrong, False signal :/
Attached Image (click to enlarge)
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  • #592,998
  • May 5, 2021 3:40am May 5, 2021 3:40am
I’m waiting for. 13930-40 for a short entry.
Insane in the Brain..
  • #592,999
  • May 5, 2021 3:40am May 5, 2021 3:40am
Quoting KiwiTrada
{quote} could be neckline of inverted H&S, I have a lot invested in this girl breaking north :-) fib 38 then 50 then much higher {image}
supporting usd appreciation is swissy daily similar to dixy, presently squeezed between daily 200 & 20 sma,s included 50% pull back of present swing!!!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFDaily 5 5 2021.png Size: 43 KB
If you are new to Forex? Say Goodbye to your account!!
  • #593,000
  • May 5, 2021 3:58am May 5, 2021 3:58am
I don't see enough power in bulls at the moment. I hope the price goes down until 1.3840 for correction before up.
My observation may be wrong but intent correct. Stay calm!
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