yes yes yes
Cable Update (GBPUSD)
- #603,762
- Jun 18, 2021 12:31pm Jun 18, 2021 12:31pm
- Joined Mar 2017 | Status: american cichlid lover | 1,302 Posts
#GBPUSD / Weekly, Daily & H4{image}{image}{image}
thank you ..
Trade with prediction = witch with her visions lol
- #603,763
- Jun 18, 2021 1:21pm Jun 18, 2021 1:21pm
- | Membership Revoked | Joined Feb 2019 | 1,453 Posts
good good weekend all 4getthe less 
- #603,765
- Jun 18, 2021 2:03pm Jun 18, 2021 2:03pm
- Joined Oct 2020 | Status: Trader | 14,017 Posts
Insane in the Brain..
- #603,768
- Jun 18, 2021 2:14pm Jun 18, 2021 2:14pm
{quote} Another week is gone. Like last week's signals the Bears continue to gain power, the Bulls continue to lose it On a weekly basis, after last week's Spinning Top, we had a new low that just broke last week's low, and the candle is red, confirming last week idea. When the Bears will absorb all the buyers, we will see a long red candle on the Weekly too. {image} On the Daily we see that the Friday's close made an engulfing on Thursday. The signal is obviously bearish, but anyway not that strong because we are not at the top of an uptrend. The...
As expected in the analysis of the past few weeks, the trend has turned bearish. The Rounding Top has been confirmed. The market absorbed all the buyers and we have the big red candle, as expected. In the next few days/weeks we must understand if the Double Top is also confirmed which can bring us below 1.31
Dow in his theory said: The Market Discounts Everything
(It's been about 130 years ago and this still works. Do you understand the power of technical analysis?)
The FOMC only confirmed the expectations of big investors who were buying USD, and closing short positions, since several weeks already.
As reported in recent weeks, the best strategy remains to only enter short waiting for bearish signals. At the moment, with this situation, a good area to enter short is between 1.4030 and 1.3940. The movements on Monday and Tuesday could create a structure for the retracement and better indicate a possible short entry point.
Area 1.4000. Since it has been a very strong resistance level in the past, it could have been a possible support (even if it has already been used once). The problem is that the market came at 1.4000 too strong at the close of the New York session, going long in those conditions was too risky.
Given the Psychology of the levels, 1.4000 could come into play again as a resistance. We know the market tends to go where there is more money, at 1.4000 there could be long orders that believed in a bullish market reaction, so they want to close at BE.
On Thursday there will be the decisions of the BOE, they can be another opportunity for big movements
Have a wonderful weekend
Green Pips
- #603,769
- Jun 18, 2021 2:28pm Jun 18, 2021 2:28pm
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
Together we can be strongest
Vantage Return This Month:
na
- #603,770
- Jun 18, 2021 2:36pm Jun 18, 2021 2:36pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #603,772
- Jun 18, 2021 3:59pm Jun 18, 2021 3:59pm
- Joined Jan 2019 | Status: Trader | 2,800 Posts
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
- #603,773
- Jun 18, 2021 4:04pm Jun 18, 2021 4:04pm
- Joined Oct 2010 | Status: Trader | 4,465 Posts
Follow The Markets Structure - Patience and Discipline
- #603,774
- Jun 18, 2021 4:25pm Jun 18, 2021 4:25pm
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #603,775
- Jun 18, 2021 4:37pm Jun 18, 2021 4:37pm
- Joined Mar 2020 | Status: Trader | 3,499 Posts
Compulsions can be hard to resist
- #603,776
- Jun 18, 2021 4:40pm Jun 18, 2021 4:40pm
- Joined Mar 2020 | Status: Trader | 3,499 Posts
Compulsions can be hard to resist
- #603,777
- Jun 18, 2021 5:31pm Jun 18, 2021 5:31pm
- Joined Oct 2019 | Status: Trader | 1,132 Posts
if 1.394 doesn't hold then we are heading for 1.380 {image}
- #603,778
- Jun 18, 2021 6:31pm Jun 18, 2021 6:31pm
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #603,779
- Jun 19, 2021 12:10am Jun 19, 2021 12:10am
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 5,480 Posts
No username yet? You are on my ignore list. Fuck off and do not quote me!
- #603,780
- Edited 12:53am Jun 19, 2021 12:27am | Edited 12:53am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
