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Cable Update (GBPUSD)

  • #596,201
  • May 20, 2021 2:33am May 20, 2021 2:33am
Morning all.. after a decent drop yesterday today could be a bit more subdued. Might even see a slight rise. Still I think we are looking at bearish trend. Rising wedge etc just could be ranging a lot today
Insane in the Brain..
  • #596,202
  • May 20, 2021 2:35am May 20, 2021 2:35am
You like to squeeze ha mf ?
I am without sl ,so what's the play?
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yes yes yes
  • #596,203
  • May 20, 2021 2:38am May 20, 2021 2:38am
...has reached 50% of the 4180-4099 move @ the current dly hi

1hr below.
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Trader with an Edge.
  • #596,204
  • May 20, 2021 2:41am May 20, 2021 2:41am
Still in a short from pivot with 20 pip SL, if im stopped out will look at DR1 - 14160 for another short. A sustained move above 14160 could bring more upside in the following days.
  • #596,205
  • May 20, 2021 2:42am May 20, 2021 2:42am
Looks like the start of a solid up-move to me. Rising highs and lows on the H1 if taking into account the last week.
  • #596,206
  • May 20, 2021 2:46am May 20, 2021 2:46am
tp 1.41537
  • #596,207
  • May 20, 2021 2:47am May 20, 2021 2:47am
Always sell at high...h4 is bearish..except it break 1.4200
  • #596,208
  • May 20, 2021 2:47am May 20, 2021 2:47am
Quoting Moty
You like to squeeze ha mf ? I am without sl ,so what's the play? {image}
love this
  • #596,209
  • May 20, 2021 2:48am May 20, 2021 2:48am
Bull trap
  • #596,210
  • May 20, 2021 2:50am May 20, 2021 2:50am
Tp 1.3980
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  • #596,211
  • May 20, 2021 2:51am May 20, 2021 2:51am
Quoting mysterio
{quote} love this
moty squeeze the lemon , till last drop ~ hahaha no more hammer use
50% is best entry , seem it react good to it . now need at least close it far away from land
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,212
  • May 20, 2021 2:52am May 20, 2021 2:52am
Nice bit of Bull momentum, but a bit of resistance to get through before I put a long in!!! If it goes the other way might have a pop if previous low are broke and held on the 1 hr!!!
Don't trade what you think. Just what you see!!!
  • #596,213
  • May 20, 2021 2:53am May 20, 2021 2:53am
how is it that I always manage to find the point where I enter
and the market goes in the opposite direction really sharply?
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yes yes yes
  • #596,214
  • May 20, 2021 2:54am May 20, 2021 2:54am
... ' The market ' knows that a lot of participants are expecting a downside follow thru on y/day's daily candle/potentially developing 1hr downtrend so it is easy to 'squeeze' and shake out the weak hands either because it is going up with 4hr/dly/wkly trend, or because it is indeed going down again after dispensing with these weaker hands.
Trader with an Edge.
  • #596,215
  • May 20, 2021 2:54am May 20, 2021 2:54am
Quoting voeltoez
Tp 1.3980 {image}
That's loud, but I'm with you.
  • #596,216
  • May 20, 2021 2:54am May 20, 2021 2:54am
GU have good accumulation in the 1.41800 - 1.40300 area.The breakout to 1.42 was a fake extension (only 20% of the accumulated range) with a come back in the middle of the volume area.The real extension comes nowLet's goooo!!!
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I'm The Real Deal Quant-XR ,The Financial Hacker
  • #596,217
  • May 20, 2021 2:59am May 20, 2021 2:59am
50&80 sell limit!
Peace Yo!
  • #596,218
  • May 20, 2021 3:02am May 20, 2021 3:02am
Quoting gershal
{quote} That's loud, but I'm with you.
Maybe not today,, i hope end of week
  • #596,219
  • May 20, 2021 3:05am May 20, 2021 3:05am
My expectation, but I wait for conf. Could be wrong

It is good to anticipate and trade these up moves as they're expected but having jumped the gun with my initial sell I was blind to the buy zone at 1.4118

We CAN go in for a full retest of the 4h TL so patience is key
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  • #596,220
  • May 20, 2021 3:09am May 20, 2021 3:09am
Quoting mysterio
My expectation, but I wait for conf. Could be wrong It is good to anticipate and trade these up moves as they're expected but having jumped the gun with my initial sell I was blind to the buy zone at 1.4118 We CAN go in for a full retest of the 4h TL so patience is key {image}
1.4118 is middle bb area, retest if fail back to 1.4150, if break goodbye 1.41
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