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Cable Update (GBPUSD)

  • #599,121
  • Jun 1, 2021 1:01pm Jun 1, 2021 1:01pm
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  • #599,122
  • Jun 1, 2021 1:04pm Jun 1, 2021 1:04pm
We will see 1.42130 first then down
Is that a wall
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  • #599,123
  • Jun 1, 2021 1:09pm Jun 1, 2021 1:09pm
Adding longs
  • #599,124
  • Jun 1, 2021 1:10pm Jun 1, 2021 1:10pm
Quoting nAVIN2007
{quote} mine in place..I did not realise it could we both were potentially correct, of course mine still has a long way to go Lets get lucky
I think this week will be bullish... BUT ... we have lots of fundamental data coming next week. So i may take profits and go if GBP lose it's advantage against USD next week. Actually, maybe next week can create short opportunities as well. So you may be correct too, i am not oppose to shorting Cable, i just think you may be early. Next week will show the long-term & mid term direction clearer. Just my humble opinion, no offense

Best of luck bro!
You have to have an IQ higher than 90 to interact with this user.
  • #599,125
  • Jun 1, 2021 1:40pm Jun 1, 2021 1:40pm
Quoting FKhan
{quote} Being heavy in this short feels good when MOTY is shorting too... lets goooooo
Been on my short for quite some time now. Need another deep leg down, or few legs, dont mind.. 1.4100 ill offload most of my stuff, but its due for much deeper move imo
  • #599,126
  • Jun 1, 2021 1:45pm Jun 1, 2021 1:45pm
My short term structure suggest buys till .41700ish and hoping the level may respect and continue the downward move till may be psych level of 1.41..
Who knows' lets follow the price.
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Fools Rushing
  • #599,127
  • Jun 1, 2021 1:52pm Jun 1, 2021 1:52pm
Quoting babayaga
{quote} 4H down - yes, but divergence - no or not yet.., at least my stoch. and daily - up {image} {image}
I couldnt decide to buy or not at 1.4155
  • #599,128
  • Jun 1, 2021 2:04pm Jun 1, 2021 2:04pm
Quoting Tekin
{quote} I couldnt decide to buy or not at 1.4155
I will not give you an advice..,
I will leave my sell position, but it's a small one
for me she (cable) has plenty of "points" to go down..,
I'd say let's see tomorrow

dolce vita
  • #599,129
  • Jun 1, 2021 2:39pm Jun 1, 2021 2:39pm
Quoting Bartosz77
I will just leave it here to check my predictions: Monday (2021-05-31) will end at about 1.41800.
So... because the month ended higher than that 1.41800, we are going on a spring to 1.40807, then back up to 1.41629 where it should finish this week.

Jump up afterwards...
WT
  • #599,130
  • Jun 1, 2021 2:41pm Jun 1, 2021 2:41pm
Asia Timeframe has never been to my liking, but I hope the price will go up this time
Lost in Narrative
  • #599,131
  • Jun 1, 2021 3:14pm Jun 1, 2021 3:14pm
Quoting Tekin
{quote} No need to wait againest screen a dead day {image}
These made also some pips enough
  • #599,132
  • Jun 1, 2021 3:22pm Jun 1, 2021 3:22pm
Quoting Moty
i am out ! {image}
Let's wait the market show the direction for us.

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Together we can be strongest
Vantage Return This Month: na
  • #599,133
  • Jun 1, 2021 3:50pm Jun 1, 2021 3:50pm
... Looks like Pipa1 - he of the '... it must touch 4205 or even make a new high before further down move/before NY close...' has gone to join that exclusive club the Ex-Forex factory Ex-Prophets Society. He is no more, Gone, an Ex prophet. He'll be in good company there.
Trader with an Edge.
  • #599,134
  • Jun 1, 2021 3:59pm Jun 1, 2021 3:59pm
On the Daily a new HH and close on the daily bottom, with engulfing of last 2 days (...yes, yesterday was holiday...)
On lower TF price broken a good resistance above 1.4220, but it doesn't follow, it goes immediately back and close low

It looks a good sign

Attached Image

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  • #599,135
  • Jun 1, 2021 4:03pm Jun 1, 2021 4:03pm
Quoting OnlineAddict
{quote} Lets see where today's candle closes...if below 4150, it will be probably over for bulls for now.
So...daily closed below 4150...so lets see where it takes us. Probably some retrace up first and then London will decide tomorrow. But the candle setup looks very bearish.
Everyone can see the chart, but only a few can actually read it.
  • #599,136
  • Jun 1, 2021 4:23pm Jun 1, 2021 4:23pm
Quoting Bartosz77
{quote} So... because the month ended higher than that 1.41800, we are going on a spring to 1.40807, then back up to 1.41629 where it should finish this week. Jump up afterwards...
The levels we need to watch are 14120 which has proven to be as supportive as the resistance level of 14220. A clear drop below “should”/could allow 14080-90 areas. The lock and load areas there can give enough ammunition for a rocket to help it settle above the 143 area that Georgeison mentioned earlier
Insane in the Brain..
  • #599,137
  • Jun 1, 2021 4:55pm Jun 1, 2021 4:55pm
Quoting BeeTogether
{quote} The levels we need to watch are 14120 which has proven to be as supportive as the resistance level of 14220. A clear drop below “should”/could allow 14080-90 areas. The lock and load areas there can give enough ammunition for a rocket to help it settle above the 143 area that Georgeison mentioned earlier
You are right. Current direction will end @ 1.41200 a small rise to 1.41400/500 and down to 1.40807
WT
  • #599,138
  • Jun 1, 2021 5:55pm Jun 1, 2021 5:55pm
Quoting Ihlas
{quote} Riprinted the chart EU hit 1.22548 {image}
yes it did, and your point is???
price achieving any level is not important, the reasons why are, eu has been ranging east for "11" days, your watching 1 minute chart go figure!!!
If you are new to Forex? Say Goodbye to your account!!
  • #599,139
  • Jun 1, 2021 5:56pm Jun 1, 2021 5:56pm
Quoting Headland
... Looks like Pipa1 - he of the '... it must touch 4205 or even make a new high before further down move/before NY close...' has gone to join that exclusive club the Ex-Forex factory Ex-Prophets Society. He is no more, Gone, an Ex prophet. He'll be in good company there.
funny dude
  • #599,140
  • Jun 1, 2021 6:02pm Jun 1, 2021 6:02pm
Quoting Vincent1
On the Daily a new HH and close on the daily bottom, with engulfing of last 2 days (...yes, yesterday was holiday...) On lower TF price broken a good resistance above 1.4220, but it doesn't follow, it goes immediately back and close low It looks a good sign {image} {image}
Just need the last move to confirm this distribution after that spring to 1.42500 yesterday. We need the Signal of weakness to see continues bearish and complete the distribution . And we can abcd again to below
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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