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Cable Update (GBPUSD)

  • #596,541
  • May 21, 2021 3:09am May 21, 2021 3:09am
Quoting babayaga
{quote} show me please a fragment of your daily chart with O&H may I ask you.., you can do it later.., it's only my curiosity, nothing else thank you as i've already written i can show mine it's BID, yes..,: 1.41997( xmglobal 22 spread (=.00022)) {image} & 1.4200 (fxcm -15 spread (=.00015) {image}
it quoted 41999 while options quoted 42011 bid. spread on my spot is 1.6
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  • #596,542
  • May 21, 2021 3:11am May 21, 2021 3:11am
G/M, price banged it's head @ the prev 1hr x2 (now a x3) /4hr sw hi x 2 zone =prev res=pot res before the move down to a prev 1hr sw hi zone =prev res=pot rbs, (now a prev 1hr sw lo zone) tested again... where support has been encountered. 1hr below.
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Trader with an Edge.
  • #596,543
  • May 21, 2021 3:15am May 21, 2021 3:15am
One more visit to 142 before a drop? We are in range mode again although being Friday something will give it usually does
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Insane in the Brain..
  • #596,544
  • May 21, 2021 3:16am May 21, 2021 3:16am

May 20, 2021: GBP/USD Intraday technical analysis and trade recommendations


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Bearish Persistence below 1.3820 favoured bearish decline towards the 1.3600 levels. A bearish breakout below 1.3600 was needed to enhance further bearish decline. However, the GBPUSD pair was contained above the demand level of (1.3660) a few times before a temporary bullish spike could reach the price level of 1.4120. The previous spike above 1.3880 has re-tested the backside of the depicted broken channel around 1.4015 which applied significant bearish pressure on the pair. This turned out to be a bullish trap until another bullish breakout occurred shortly afterwards. On the other hand, Failure to maintain bearish pressure below 1.3800 (76% Fibonacci Level) has enhanced another bullish movement for retesting of the price level of 1.4225 where the lower limit of the recently-broken channel Conservative traders should be waiting for signs of bearish rejection. If so, a quick bearish decline should be anticipated towards 1.4050 then 1.3950 as the initial target.
to err is human
  • #596,545
  • May 21, 2021 3:19am May 21, 2021 3:19am
Quoting BeeTogether
One more visit to 142 before a drop? We are in range mode again although being Friday something will give it usually does
Hi, what makes you think a drop? I would argue per fractal swing analysis that 1hr is now trending up, (2nd HH @ 4200, potentially a HL @ 4170) along with 4hr/dly/wkly. Anything can happen though.
Trader with an Edge.
  • #596,546
  • May 21, 2021 3:19am May 21, 2021 3:19am
Quoting goldfish3
{quote} it quoted 41999 while options quoted 42011 bid. spread on my spot is 1.6 {image} {image}
thank you for your time
you see
it's so ungenerous


P.S. doesn't it mean she has to return (???)
dolce vita
  • #596,547
  • May 21, 2021 3:20am May 21, 2021 3:20am
Quoting bigiivan
Buy at 1.4183.
why?
  • #596,548
  • May 21, 2021 3:21am May 21, 2021 3:21am
Quoting goldfish3
{quote} 4144 has significant demand. will look to this as target for spot position
Stopped at BE. done with GU. on to greener pastures. Good luck all.
  • #596,549
  • May 21, 2021 3:25am May 21, 2021 3:25am
Quoting BeeTogether
One more visit to 142 before a drop? We are in range mode again although being Friday something will give it usually does {image}
one more 1.42 its not being a drop anymore will be chaos XD , to drop price must remaining below it , cant touch 1.42 or else break
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,550
  • May 21, 2021 3:29am May 21, 2021 3:29am
Open short 1.4188, tp open, sl 1.4200
  • #596,551
  • May 21, 2021 3:35am May 21, 2021 3:35am
Quoting gatenio
{quote} why?
My H4 chart pointing up. There are more room to goes north.
Unfortunately, today is a Friday.
  • #596,552
  • May 21, 2021 3:38am May 21, 2021 3:38am
Quoting gatenio
IMO it's a BEAR, it could change if the high of the week will break with a close of 4h. i may wrong.
this is my plan as long the high stay 4220
lazy bears right now..
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  • #596,553
  • May 21, 2021 3:38am May 21, 2021 3:38am
Quoting voeltoez
Open short 1.4188, tp open, sl 1.4200
worth the risk . but seem the price will broke top soon, too long stay at that line
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,554
  • May 21, 2021 3:39am May 21, 2021 3:39am
Quoting voeltoez
Open short 1.4188, tp open, sl 1.4200
News cant beat bull lol
  • #596,555
  • May 21, 2021 3:40am May 21, 2021 3:40am
more "tips"
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and "strange 5H chart", that I look at sometimes.., for curiosity, nothing else + 5H Demark's pivot ( investing )
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dolce vita
  • #596,556
  • May 21, 2021 3:44am May 21, 2021 3:44am
Quoting maheeee
{quote} keep selling
You must be a market mover
  • #596,557
  • Edited 4:08am May 21, 2021 3:47am | Edited 4:08am
...plenty of potential resistance overhead, 1st this prev 1hr/4hr sw hi zone to 4200, then the prev 1hr/4hr/minor dly sw hi zone to 4220, then the prev 4hr/dly/wkly /minor mthly sw hi zone to 4242, then the wider prev wkly/mthly sw hi zone to 4376. How strong are the bulls?
Trader with an Edge.
  • #596,558
  • May 21, 2021 3:49am May 21, 2021 3:49am
Quoting kris89
{quote} one more 1.42 its not being a drop anymore will be chaos XD , to drop price must remaining below it , cant touch 1.42 or else break
yes and no.. yes a big rise over 142 will invalidate anything bearish. As long as the today’s R1 level isn’t broken we could still see a drop. Although the longer it stays over pivot the higher the finish will be.
Insane in the Brain..
  • #596,559
  • May 21, 2021 3:55am May 21, 2021 3:55am
Seems like a clear double bottom now, I dare not sell again
  • #596,560
  • May 21, 2021 4:00am May 21, 2021 4:00am
short GU
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