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Cable Update (GBPUSD)

  • #593,401
  • May 7, 2021 3:18am May 7, 2021 3:18am
Quoting SCopier
I smell big drop will coming. If price not moving down until news its possible spike up and then falling Wish Me Luck {image}
Depends.....a strong break of this trendline will trigger SLs IMO....all the way up to 1.4 and above.
If it will fall, this is the make or break level.
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Lost....
  • #593,402
  • May 7, 2021 3:22am May 7, 2021 3:22am
i know one thing last swing down h4 is not finished,i even dont say about whole trend down h4,but this is not top from what drop will start
  • #593,403
  • May 7, 2021 3:24am May 7, 2021 3:24am
Quoting SCopier
I smell big drop will coming. If price not moving down until news its possible spike up and then falling Wish Me Luck {image}
With you mate
Precise Execution!
  • #593,404
  • May 7, 2021 3:29am May 7, 2021 3:29am
Quoting Moty
am i the only one that seeing that ? {image} {image}
I was seeing similar but on a pattern basis of rejection than anything else. Last week it rejected higher than 13980 so looking for a double top before a drop towards 138-13750
Insane in the Brain..
  • #593,405
  • May 7, 2021 3:41am May 7, 2021 3:41am
Take it with a grain of salt.....
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Lost....
  • #593,406
  • May 7, 2021 3:41am May 7, 2021 3:41am
Nonchalant sell @ 1.3923 target 1.3800, stop 1.4010.
Data + Stat + Risk/Emotions Management
  • #593,407
  • May 7, 2021 3:46am May 7, 2021 3:46am
Quoting Georginson
Nonchalant sell @ 1.3923 target 1.3800, stop 1.4010.
I d with you on this baba
  • #593,408
  • May 7, 2021 3:47am May 7, 2021 3:47am
At moment Resistence Fibonacci Area blocks quote
Attached Image (click to enlarge)
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  • #593,409
  • May 7, 2021 3:48am May 7, 2021 3:48am
Quoting Nd10
{quote} I d with you on this baba
Gbayi
Data + Stat + Risk/Emotions Management
  • #593,410
  • May 7, 2021 3:50am May 7, 2021 3:50am
Quoting mysterio
Biased to the short side now. DXY is crashing but GU won't move higher. So I think when US Dollar pulls back GU will fall. Lets see. DXY demand at 90.8-90.88
Am seeing a similar situation this morning. Dxy crashing but something/someone preventing GU from climbing above 1.3930 for now.
  • #593,411
  • May 7, 2021 3:51am May 7, 2021 3:51am
Quoting mysterio
{quote} Am seeing a similar situation this morning. Dxy crashing but something/someone preventing GU from climbing above 1.3930 for now.
So what's your biase
  • #593,412
  • May 7, 2021 3:54am May 7, 2021 3:54am
Quoting Nd10
{quote} So what's your biase
I think its short from here, When price is crawling like this and DXY churning in one direction I kind of see the dollar as 'holding back' GU from where it wants to go. Worth watching dxy for pullbacks at areas of support/demand to see if the theory is holding or if there's some other reason GU isnt moving (maybe Scottish election results incoming, or pre NFP etc)

Should say these are scalping biases, can change from short to long the closer we get to the green or red areas https://www.tradingview.com/x/ZMzM8MBJ/

Haven't entered anything yet
  • #593,413
  • May 7, 2021 3:55am May 7, 2021 3:55am
Am I the only one seeing 1.34 this May?
Data + Stat + Risk/Emotions Management
  • #593,414
  • May 7, 2021 3:56am May 7, 2021 3:56am
If price reaches 1.39450 SELL MAJOR
Precise Execution!
  • #593,415
  • May 7, 2021 3:57am May 7, 2021 3:57am
Quoting varun76
If price reaches 1.39450 SELL MAJOR
PS : I’m prepared you need to be as well. Safe ride you all
Precise Execution!
  • #593,416
  • May 7, 2021 3:58am May 7, 2021 3:58am
Quoting Georginson
Am I the only one seeing 1.34 this May?
Ah ah egbon, you can't possibly be the only one ooo. We wey don buy Dangote cement to take build house for 1.32
  • #593,417
  • May 7, 2021 4:04am May 7, 2021 4:04am
Quoting JayBag
{quote} Ah ah egbon, you can't possibly be the only one ooo. We wey don buy Dangote cement to take build house for 1.32
Haaa nkan be!!!
Data + Stat + Risk/Emotions Management
  • #593,418
  • May 7, 2021 4:04am May 7, 2021 4:04am
Until it breaks these line then we are in no mans land. Going to wait and go long or short. If a short term momentum set-up (appears) will take and post. I think when it does move - it will move.
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Don't trade what you think. Just what you see!!!
  • #593,419
  • May 7, 2021 4:06am May 7, 2021 4:06am
Quoting parshal
{quote} I am still alive with my plan...How many are still?
I am with you but target lower :-)
If you are new to Forex? Say Goodbye to your account!!
  • #593,420
  • May 7, 2021 4:07am May 7, 2021 4:07am
Quoting JayBag
{quote} Ah ah egbon, you can't possibly be the only one ooo. We wey don buy Dangote cement to take build house for 1.32
I know we had this discussion abit back,but do you think @1.32 level will be hit by end of May?
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