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Cable Update (GBPUSD)

  • #596,181
  • May 20, 2021 1:26am May 20, 2021 1:26am
Quoting kris89
{quote} Fair Value Gap
yes
  • #596,182
  • May 20, 2021 1:28am May 20, 2021 1:28am
the drop will come in a few minute , get ready
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,183
  • May 20, 2021 1:31am May 20, 2021 1:31am
Looks like we are going up kris89
  • #596,184
  • May 20, 2021 1:31am May 20, 2021 1:31am
Quoting mysterio
{quote} Possible scenario on the dixy .. Watch around 90 Area to watch on cable.. nothing set in stone {image} {image}
Filling the 1h imbalance, I am still looking out for sells in the 1.415x, PA dependent
  • #596,185
  • May 20, 2021 1:33am May 20, 2021 1:33am
...price breaks upside of the prev sw hi x 2 zone to y/day's p/back hi and of the steepest 1hr descending t/line. There is a developing repeating pattern of bearish hidden div on 1hr that may stay valid so long as price stays below 4080. 30min is fully developed. Testing the prev 1hr sw lo zone now = prev supp=pot sbr.

1hr below.
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Trader with an Edge.
  • #596,186
  • May 20, 2021 1:34am May 20, 2021 1:34am
Quoting kris89
the drop will come in a few minute , get ready
You mean DX drop or GU drop? I prefer DX up over 90.5
  • #596,187
  • May 20, 2021 1:35am May 20, 2021 1:35am
Quoting kris89
Nice landing as predicted price surge and touch near 1.41 maybe we can see 1.40 or below back to base to do bear stunt Pullback is expected to 1.41400-41500 to take down 1.41 level
mark this up. up is limited
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,188
  • May 20, 2021 1:36am May 20, 2021 1:36am
Short 1.413
tp 1.4078
sl 30 pips
  • #596,189
  • May 20, 2021 1:40am May 20, 2021 1:40am
Quoting gatenio
Short 1.413 tp 1.4078 sl 30 pips
also add on
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,190
  • May 20, 2021 1:40am May 20, 2021 1:40am
Quoting Pip-Prophet
Nice reversal confluence to the upside (institutional retracement level & end of open FVG) which would mean a further continuation in this retracement on GU. Looking at the 90.55-.75 area, particularly the 90.75-65 area for it turn around and continue its meltdown {image} -Prophet
To update this and be more exact look for the 90.67 price point for your reversal

-Prophet
  • #596,191
  • Edited 2:01am May 20, 2021 1:49am | Edited 2:01am
Quoting mysterio
{quote} Filling the 1h imbalance, I am still looking out for sells in the 1.415x, PA dependent
https://www.tradingview.com/x/QX3xqC2V/

Stop to BE asap TP open

If it kicks up I take the BE and wait for higher

Edit-breakeven on both
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  • #596,192
  • Edited 2:07am May 20, 2021 1:55am | Edited 2:07am
Quoting navk
{quote} i agree with this 15 mon chart. Any spike in Frankfurt session /London is to be sole for S1 target minimum.
The spike was here
Attached Image (click to enlarge)
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Hit me goldi one note time
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yes yes yes
  • #596,193
  • May 20, 2021 2:00am May 20, 2021 2:00am
Looks like further upside momentum right now :-/
  • #596,194
  • May 20, 2021 2:06am May 20, 2021 2:06am
Quoting Tekin
Good morning all. Maybe a small down trend for cable and gold started. Today carrefully will be on short side first target for gold 1845 and for cable 1.4059

ok side line now. waiting for cable to test 1.4166 i will risk 30 pips there if it can rise
  • #596,195
  • May 20, 2021 2:08am May 20, 2021 2:08am
...how much supply in this prev 1hr sw lo zone =prev supp=pot sbr to 4143 with DP and 50% 4180-4099 in there ? (btw: the fully formed 30min bearish hidden div may stay valid so long as price stays below 4170.)

For the bears: Market may be clearing out some weak hands before the drop?
Trader with an Edge.
  • #596,196
  • May 20, 2021 2:13am May 20, 2021 2:13am
yesterdays gold candle awesome, pa important support, 1869 60 - 1869 80 bears need it bulls need it, there can only be one winner :-)
If you are new to Forex? Say Goodbye to your account!!
  • #596,197
  • May 20, 2021 2:17am May 20, 2021 2:17am
go down mf
  • #596,198
  • May 20, 2021 2:18am May 20, 2021 2:18am
... 50% of the total 4220-4099 drop is 4159.
Trader with an Edge.
  • #596,199
  • May 20, 2021 2:23am May 20, 2021 2:23am
1.413 is an area of confluence. Both horizontal resistance, multiple moving averages on different time frames and dxy keeps keeps testing 90. Im watching to see what happens
  • #596,200
  • May 20, 2021 2:29am May 20, 2021 2:29am
GU

Maybe will look to short at this SRF zone.

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