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Cable Update (GBPUSD)

  • #596,941
  • May 24, 2021 3:44am May 24, 2021 3:44am
caught the retrace also after missing 40 pips move from the big drop
now for another drop
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yes yes yes
  • #596,942
  • May 24, 2021 3:48am May 24, 2021 3:48am
...nice move following rejection of the 1hr x 3/4hr prev supp =potential sbr zone and a downside follow thru from the last 30min close - a bear thrust candle. Support found around Dly S1 and pullback now challenging a pot 1hr sbr zone

1hr below.
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Trader with an Edge.
  • #596,943
  • May 24, 2021 3:49am May 24, 2021 3:49am
Sell limit opened at 1.416. Tp 1.405... Strong H and S forming at 4H
  • #596,944
  • May 24, 2021 3:49am May 24, 2021 3:49am
Quoting Moty
caught the retrace also after missing 40 pips move from the big drop now for another drop {image}
maybe 1.41500 test and drop or make double top 1.41700 and drop or else climb ? make the decision and use proper MM XD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,945
  • May 24, 2021 3:50am May 24, 2021 3:50am
Quoting kris89
{quote} im just buy it from 1.41100 area , cause i see potensial retest top first , sl tight biny tiny XD
Only sell till 1.39500....back to top from there.I wish you good luck!!!
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #596,946
  • May 24, 2021 3:52am May 24, 2021 3:52am
Quoting Theoak
Looking for a short!!!
This has over stretched the higher time frame. I think it is a sign of the bears. I'm waiting for retrace to enter short on smaller timeframe.
Don't trade what you think. Just what you see!!!
  • #596,947
  • May 24, 2021 3:56am May 24, 2021 3:56am
Quoting Moty
caught the retrace also after missing 40 pips move from the big drop now for another drop {image}
to me no.
Intraday only.
  • #596,948
  • May 24, 2021 3:56am May 24, 2021 3:56am
Reflex response after bearish thrust hits demand level from 17th May. If I don't see bullish strength .41 is feasible. Stacking short positions.
  • #596,949
  • May 24, 2021 3:56am May 24, 2021 3:56am
1.41398 have broken , down down and below
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yes yes yes
  • #596,950
  • May 24, 2021 3:58am May 24, 2021 3:58am
Quoting Moty
1.41398 have broken , down down and below {image} {image}
Was looking at exactly the same thing. See if we get some wick rejection around here.

https://www.tradingview.com/x/bKD37zan/
  • #596,951
  • May 24, 2021 4:02am May 24, 2021 4:02am
Quoting Sang.Real
{quote} GU Position status as at London Open. Scalping using Support & resistant method. {image} Disclaimer. : If you see other people are posting my chart, please refrain to use it as they are not my analysis. They will modify and scam for misinformed other traders in this thread. Be careful. You be warned

GU


Closed previous scalp at SBR zone.

Scalp again at rejection of SNR level.

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  • #596,952
  • May 24, 2021 4:02am May 24, 2021 4:02am
Quoting mtako
{quote} New buy at .4154 SL .4147 tp open. Rinse and repeat. As long as .4143 not reached again before.
-7 -7

wouldnt be surprised to .4100 next. New volatility based set ups BUY STOPs .4142 +.4168 dynamic SL starting below low of the last hour at moment of entry, TP open.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #596,953
  • May 24, 2021 4:06am May 24, 2021 4:06am
Loving the bearish look so far although knowing my luck as I type this we might end up at 142
Insane in the Brain..
  • #596,954
  • May 24, 2021 4:08am May 24, 2021 4:08am
good bye kiss to intraday bears?
  • #596,955
  • May 24, 2021 4:08am May 24, 2021 4:08am
Quoting Theoak
{quote} This has over stretched the higher time frame. I think it is a sign of the bears. I'm waiting for retrace to enter short on smaller timeframe.
The plan is the 5 min TF to reject off the 21 MA. 10 more pips or so!!! If it breaks all bets are off and wont take trade!!
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Don't trade what you think. Just what you see!!!
  • #596,956
  • May 24, 2021 4:09am May 24, 2021 4:09am
Morning Gang,

Hope we all had a great weekend
Looking at PA, I think this week could see a lot of visits from Mr Liu.

For some reason, I can smell fast crash to around 1.3400 this week (Don't even bother taking this seriously as I believe most people here scalp)

Let's see how it goes
Be Kind, Always
  • #596,957
  • May 24, 2021 4:11am May 24, 2021 4:11am
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bear flag for more drop ?
nugget on m30 also XD
it is come today ? or just fake out another and goes up and cut down again trap and trap day haha
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,958
  • May 24, 2021 4:17am May 24, 2021 4:17am
...it was a strong bounce @ Dly S1, very o/s to 5min and reg bull div 15/30min...also that whole 'reversal' candle closed outside the 20bol on 1min to begin the move (extreme deviation.) Nice. 1min below.
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Trader with an Edge.
  • #596,959
  • May 24, 2021 4:20am May 24, 2021 4:20am
Quoting JayBag
Morning Gang, Hope we all had a great weekend Looking at PA, I think this week could see a lot of visits from Mr Liu. For some reason, I can smell fast crash to around 1.3400 this week (Don't even bother taking this seriously as I believe most people here scalp) Let's see how it goes Be Kind, Always
Mr lee will defend 080/50 area..
Peace Yo!
  • #596,960
  • May 24, 2021 4:25am May 24, 2021 4:25am
...downside breach of the steepest 1hr/4hr ascending t/line in that little 61pip move down from current dly hi - current dly lo...1hr is below. Last gmt+3 4hr candle close was very indecisive.
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Trader with an Edge.
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