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Cable Update (GBPUSD)

  • #595,741
  • May 18, 2021 7:58am May 18, 2021 7:58am
Quoting segarann
{quote} Up or Down Bro?
Up mate, there's no retest left any
Precise Execution!
  • #595,742
  • May 18, 2021 7:59am May 18, 2021 7:59am
#GBPUSD / H4
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  • #595,743
  • May 18, 2021 8:00am May 18, 2021 8:00am
...this prev 1hr sw hi zone to 4220 is the 1st upside hurdle 1hr+, but if this clears it takes us deeper into the prev 4hr/dly/wkly/minor mthly sw hi zone to 4242, and if that clears we are deeper into that prev wkly/mthly zone to 4376 lol! - but it's a wide zone! Potential supply all the way up?

gmt+3 4hr close is below.
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Trader with an Edge.
  • #595,744
  • May 18, 2021 8:16am May 18, 2021 8:16am
Quoting varun76
{quote} Up mate, there's no retest left any
if 1.41827 break , the price will drop hard
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yes yes yes
  • #595,745
  • May 18, 2021 8:25am May 18, 2021 8:25am
Quoting Moty
{quote} if 1.41827 break , the price will drop hard {image} {image}
nice e-wave count..
i believe it will work eventually
we are at 61.8 FE of wave 3 (if it's 3)

but i dont use E-wave for now, just for another possible confirmation.
thanks for sharing.

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  • #595,746
  • May 18, 2021 8:37am May 18, 2021 8:37am
Quoting Moty
{quote} if 1.41827 break , the price will drop hard {image} {image}
Waiting for that hammer to fall hard!
  • #595,747
  • May 18, 2021 8:39am May 18, 2021 8:39am
so stubborn
come on mf
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yes yes yes
  • #595,748
  • May 18, 2021 8:43am May 18, 2021 8:43am
Uk Boe Gvnr Bailey is talking @ 3pm uk time, this time about the time he consulted a medium because his father had just died and he wanted to know where he had put the rubber mallet and tent pegs as he was planning a 'staycation' holiday in the lake District. This site rates potential impact as Red.
--------------------------------------------
Still supply leading to 4220.
Trader with an Edge.
  • #595,749
  • May 18, 2021 8:44am May 18, 2021 8:44am
Just look at DX: Daily chart, Weekly and Monthly chart. It will go up like a rocket soon. Be patient!!!
  • #595,750
  • May 18, 2021 8:49am May 18, 2021 8:49am
Quoting mysterio
{quote} They are manually drawn S&D zones Just look for the source of a strong move and wait for price to return there. Probably the most powerful scalping technique i've found for cable. Bull candle before the down move or bear candle before the up move. Combine with HTF zones for swing trading. S&D theory says theres a block of unfilled orders here from the previous move and price will move between zones until buyers outnumber sellers or vice versa. License to print money.. as long as you don't get greedy and grab quick profits (edit- I just took...
ah ok! Thought you had unlocked some cool indicators lol
Insane in the Brain..
  • #595,751
  • May 18, 2021 8:57am May 18, 2021 8:57am
Quoting YumiYummy
Just look at DX: Daily chart, Weekly and Monthly chart. It will go up like a rocket soon. Be patient!!!
problem is so could the GBP... it does look as if GU is well over bought however like the bear movement we had in march, it didnt happen over night.
Insane in the Brain..
  • #595,752
  • May 18, 2021 9:00am May 18, 2021 9:00am
Quoting Moty
{quote} if 1.41827 break , the price will drop hard {image} {image}
Yes mate it will drop hard but not before it completes the space trip
Precise Execution!
  • #595,753
  • May 18, 2021 9:03am May 18, 2021 9:03am
Quoting BeeTogether
{quote} problem is so could the GBP... it does look as if GU is well over bought however like the bear movement we had in march, it didnt happen over night.
Actually i not selling any Gu until today, the price surprisingly.
i think this week, GU will fall hard so i short GU at 1.4208, and short EU too.
Hope it green week too!!!
  • #595,754
  • May 18, 2021 9:08am May 18, 2021 9:08am
..price seems content (for now) to stay in this 4220- 4183 range it's been in for a few hours now? as the sell off hits potential support @ bottom of that range in form of a prev 1hr sw lo zone. Downside breach of steepest 1hr ascending t/line in that dip down.
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Trader with an Edge.
  • #595,755
  • May 18, 2021 9:09am May 18, 2021 9:09am
As long as 1.4180 holds: Long!
  • #595,756
  • May 18, 2021 9:14am May 18, 2021 9:14am
"Can any intelligent being tell why no movement on either sides after " BOE Gov Bailey Speaks "
  • #595,757
  • May 18, 2021 9:14am May 18, 2021 9:14am
Quoting HumbleLearne
"Can any intelligent being tell why no movement on either sides after " BOE Gov Bailey Speaks "
He's still speaking. Nothing consequential yet.

https://parliamentlive.tv/event/inde...a-f16df5eefe7d
  • #595,758
  • May 18, 2021 9:19am May 18, 2021 9:19am
Quoting HumbleLearne
"Can any intelligent being tell why no movement on either sides after " BOE Gov Bailey Speaks "
Forget Bailey. Forget Biden too. Now their speech seem not affect the market any more
  • #595,759
  • May 18, 2021 9:22am May 18, 2021 9:22am
EUR/USD Price
GBP/USD Price
Dollar iNdex Price
2008 TO 2016
ALL IN PERIOD OF TIME WHEN DEMOCRATE GOVERNMANT WAS WORKED ON USA
SO, it is Democrate Governmant POLICY to save this Price for Dollar in World
Honestly, by mySelf i Hope it will not True
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  • #595,760
  • May 18, 2021 9:23am May 18, 2021 9:23am
Quoting HumbleLearne
"Can any intelligent being tell why no movement on either sides after " BOE Gov Bailey Speaks "

He doesn't always move the market when he speaks - it is not a given each time he opens his mouth! He was testifying about Boe's Qe programme apparently so obviously said or thus far is saying nothing to cause the market to move that much, if at all.
Trader with an Edge.
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