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Cable Update (GBPUSD)

  • #594,741
  • May 13, 2021 6:03am May 13, 2021 6:03am
... a 30min prev swing lo = prev supp = pot sbr (pink zone on 1hr below) is the 1st real upside obstacle at the current pullback hi off the current dly lo...1hr shows more near-term potential upside obstacles should the bulls make a fight of it.

Buyers at those prev dly hi's zone staring at 4017 (4002,4005 then 4009) = potential rbs was always a hi probability but how strong are the bulls now?

U.s jobs and PPi data soon and Uk's Boe Gvnr Bailey speaks again later - this time about the time he sold his mother-in-law into sex slavery in return for 6 toilet rolls at start of the panic buying re pandemic. This site rates potential impact as 'medium!'
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Trader with an Edge.
  • #594,742
  • May 13, 2021 6:05am May 13, 2021 6:05am
A good bounce back from 14010. Is this the bull run resuming ? I’m not too sure but am half tempted to take the hit and try a north run
Insane in the Brain..
  • #594,743
  • May 13, 2021 6:12am May 13, 2021 6:12am
Quoting BeeTogether
A good bounce back from 14010. Is this the bull run resuming ? I’m not too sure but am half tempted to take the hit and try a north run
for me, a retrace for wave 4 to 4050...
Peace Yo!
  • #594,744
  • May 13, 2021 6:13am May 13, 2021 6:13am
Quoting BeeTogether
A good bounce back from 14010. Is this the bull run resuming ? I’m not too sure but am half tempted to take the hit and try a north run
No I don't believe so. We hit a strong supply zone on dxy, I believe the daily demand is in control though and will overwhelm it soon, trying to figure out how much retracement. 90.5 worth watching
Attached Image (click to enlarge)
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  • #594,745
  • May 13, 2021 6:13am May 13, 2021 6:13am
Took the hit now long towards 14075 from 14026
Insane in the Brain..
  • #594,746
  • May 13, 2021 6:13am May 13, 2021 6:13am
Hello friends
In the four-hour chart,
the Sell position is being formed.
You can hold the sell position up to 1.39500
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  • #594,747
  • May 13, 2021 6:14am May 13, 2021 6:14am
Look like bull is coming for good
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #594,748
  • May 13, 2021 6:17am May 13, 2021 6:17am
Quoting Ihlas
If GU revisits 1.40600 zone again, we will take down 1.40. 1.39900 1.41600 is not valid
Not it's going to. Will close buy there. And will sell it.
  • #594,749
  • May 13, 2021 6:17am May 13, 2021 6:17am
dix retesting the break of resistance 90 78, if retest holds, cable will go down maybe test 1 4000??
If you are new to Forex? Say Goodbye to your account!!
  • #594,750
  • May 13, 2021 6:19am May 13, 2021 6:19am
Quoting Sang.Real
{quote} GU Re-entry Long Scalp {image}

GU

Stopped Out

2nd loss trade today,

Wait for NYO for set up.

Reason :

Trying to counter trade on shallow pullback
Trying to capture falling knives at weak support
Not strong long set up for counter trade.

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  • #594,751
  • May 13, 2021 6:20am May 13, 2021 6:20am
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  • #594,752
  • May 13, 2021 6:21am May 13, 2021 6:21am
Quoting Ihlas
{quote} Not it's going to. Will close buy there. And will sell it.
I'm watching around there to sell also Ihlas
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15m (1).jpg Size: 108 KB
  • #594,753
  • May 13, 2021 6:24am May 13, 2021 6:24am
Quoting mysterio
{quote} I'm watching around there to sell also Ihlas {image}
That's a very good place to sell
Let's see what happens there
  • #594,754
  • May 13, 2021 6:24am May 13, 2021 6:24am
Quoting gatenio
{quote} if you think it will close the gap? why long? i see that you add the ADR and the pivot again. i think you need to keep it, take off the band and the multiple MA's and switch to BLACK MODE template.. its better for sight. p.s price will reach 4015
My to hit.. long time i didnt made 100 pips trade in gu
  • #594,755
  • May 13, 2021 6:26am May 13, 2021 6:26am
Quoting dimitricss
Long 1.4019 too soon
Close 12 pips
Trade with prediction = witch with her visions lol
  • #594,756
  • May 13, 2021 6:27am May 13, 2021 6:27am
Quoting Tekin
{quote} We dont know what will it do according to up trend it should bounce from 1.4015 to at least 1.4185 so i bought but maybe not so fast lets see

closed most at first m15 resistance

lets wait a little maybe it want to touch h4 sma50 at 1.3995 1.3980 who knows
  • #594,757
  • May 13, 2021 6:28am May 13, 2021 6:28am
For continuation of the down move 1h below 1.4, 4h better.
target should be 1.392 in this case.
I will wait for confirmation
  • #594,758
  • May 13, 2021 6:28am May 13, 2021 6:28am
buy at 1.40299 tp 1.40567 sl in my mind
  • #594,759
  • May 13, 2021 6:36am May 13, 2021 6:36am
Quoting Olabanji-Tex
Hello guys, Check out this 4-hour chart of GBPUSD that I attached. We might have a head and shoulders pattern on this chart, who knows. Please trade safely. {image}

The pattern is a head and shoulders pattern (4-hr GBPUSD Chart)
  • #594,760
  • May 13, 2021 6:41am May 13, 2021 6:41am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 38 KB
yes yes yes
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