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Cable Update (GBPUSD)

  • #603,221
  • Jun 16, 2021 9:47pm Jun 16, 2021 9:47pm
Hi All,

Good Morning !

Hope all of you had profit on yesterday.

Today it be more on side ways it's good for scalping below is my analysis.

Support Zone between 1.39158 to 1.38547

Resistance Zone between 1.40723 to 1.40956

the gab between support and resistance is big so sideway level

sideway zone between 1.40167 to 1.39712

Happy Trading
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  • #603,222
  • Jun 16, 2021 9:48pm Jun 16, 2021 9:48pm
Buy only above 3971.

Target 4030 for me.

stop 3970.

this is only for today.
Intraday only.
  • #603,223
  • Jun 16, 2021 9:52pm Jun 16, 2021 9:52pm
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Fools Rushing
  • #603,224
  • Jun 16, 2021 9:52pm Jun 16, 2021 9:52pm
Quoting navk
Buy only above 3971. Target 4030 for me. stop 3970. this is only for today.
I am running similar atm, bought at 3980+ and aiming for 4020. Then looking to sell from around there up to 4040.
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  • #603,225
  • Jun 16, 2021 9:58pm Jun 16, 2021 9:58pm
Quoting pathakrishi
Now Go short at this price -- 1.40000 and wait 6hrs - tp hit Thanks Me later
6 hours?
So 2 hours after LO i will thank you.
where it should go in 6 hours? And may i know which time cycle analysis are you using?
  • #603,226
  • Jun 16, 2021 9:59pm Jun 16, 2021 9:59pm
3975 need to hold for a bull run... otherwise bear run..
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Peace Yo!
  • #603,227
  • Jun 16, 2021 10:08pm Jun 16, 2021 10:08pm
Quoting mashfx
according to Orderbook next big buy orders clusters are @1.3900 area, I'm gonna close my long scalp pos @BE {image}{image}
maybe too much information mate, account no, not required perhaps, :-)
If you are new to Forex? Say Goodbye to your account!!
  • #603,228
  • Edited 10:22pm Jun 16, 2021 10:09pm | Edited 10:22pm
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yes yes yes
  • #603,229
  • Jun 16, 2021 10:11pm Jun 16, 2021 10:11pm
target reach a while , i want to see price 1.40900 area for more bearish XD
if the target reach there ( imbalance area )
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #603,230
  • Jun 16, 2021 10:15pm Jun 16, 2021 10:15pm
Quoting KiwiTrada
S&R on prs watching in play, silver already @ 50% retrace of dump, gold looks to be following, dix 91 43 swiss 9093 Cad 1 2287 eu 1 2000 cable 1 4000 uj 110 74 - 110 95 kiwi 70 50 all @ or within couple of pips, pull backs on the cards, but some major levels were crushed this morning, beautiful :-)
pull backs in play, worth noting aussies reaction to very good data, perhaps still effected by this mornings dump, would have expected much strong reaction?????
If you are new to Forex? Say Goodbye to your account!!
  • #603,231
  • Jun 16, 2021 10:21pm Jun 16, 2021 10:21pm
Quoting KiwiTrada
{quote} Di
x is @ daily resistance 91 43 I will extend to 91 54ish Swiss same @ 90 93 extend to psych 91 00 UJ @ 110 97 emphasis (daily resists)if they get through cable will continue to dump, I have squeezed my trades to accommodate possible pull backs, and will wait to see how these levels react :-)
4hrs later, all levels reacted as expected, pretty basic really, scalpers 15 -25 pips each (Im not scalper) SNB tonight 7.30 & 8 one of the big 3, watchout for fire works, tighten up before releases, better safe than sorry
If you are new to Forex? Say Goodbye to your account!!
  • #603,232
  • Jun 16, 2021 10:24pm Jun 16, 2021 10:24pm
i am just a hard headed
the signal was here
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yes yes yes
  • #603,233
  • Jun 16, 2021 10:29pm Jun 16, 2021 10:29pm
Bear need to defend 4100 for continuation... (if can reach there).
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Peace Yo!
  • #603,234
  • Jun 16, 2021 10:34pm Jun 16, 2021 10:34pm
Quoting Moty
i am just a hard headed the signal was here {image}
why dont use sl mot, but lets hope level tested the imbalance before dropped . so you can cut the risk
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #603,235
  • Jun 16, 2021 10:37pm Jun 16, 2021 10:37pm
Quoting Moty
i am just a hard headed the signal was here {image}
Its better to put SL
hopely prize will back to your position n quick get out.
  • #603,236
  • Jun 16, 2021 10:39pm Jun 16, 2021 10:39pm
Quoting Moty
i am just a hard headed the signal was here {image}
Just imagine. Recovering your position along with some profit.>>>
Fools Rushing
  • #603,237
  • Jun 16, 2021 10:39pm Jun 16, 2021 10:39pm
Quoting kris89
{quote} Call it imbalance . Its filled. But ive extention also more lower 1.3910 for turn
google but find nothing meaningful for this RBS imbalance which theory?

edit

got it . thnks Pat

Resistance Becomes Support
  • #603,238
  • Jun 16, 2021 10:48pm Jun 16, 2021 10:48pm
Quoting Moty
i am just a hard headed the signal was here {image}
Try this moty in next time trade.
risk only 2% of your equity for every your open position.if something go bad for example multiple lost in a row and your equity drop below 6%,go rest first.dont open trade again.take a relax,examine what is wrong.and go trade again after that.its 2% and 6% rules.and tight MM.
try it if you want may u green numbers for all.
  • #603,239
  • Jun 16, 2021 10:53pm Jun 16, 2021 10:53pm
Quoting Moty
i am just a hard headed the signal was here {image}
Yesterday I told thousands times trend is bear, but most of them buy side and ended in loss..

Trend is ur friend ..price may go up but final destination is down...
  • #603,240
  • Jun 16, 2021 10:59pm Jun 16, 2021 10:59pm
Quoting maheeee
{quote} Yesterday I told thousands times trend is bear, but most of them buy side and ended in loss.. Trend is ur friend ..price may go up but final destination is down...
When, when did you tell us ,don't remember that
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