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Cable Update (GBPUSD)

  • #603,801
  • Jun 20, 2021 10:51am Jun 20, 2021 10:51am
Quoting Pat Chiko
{quote} Thanks, that would be a relieve for Maheeee... Hope your father's day doesn't turned out like this. {image}
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  • #603,802
  • Jun 20, 2021 2:08pm Jun 20, 2021 2:08pm
Evening all! Not long till the week begins. Whilst the weekend trade isn’t a proper indicator this weekend so far cable has only dropped 0.1 pips. Which to me feels as if there may be limited drop now if any. Someone mentioned at the back end of last week that 13780 area is the support area. Naturally this can be breached however with BoE this week there could be upswing fireworks. Areas that I’m looking at for the early part of the week at least are 13750-13800 and 139-13950.
Insane in the Brain..
  • #603,803
  • Jun 20, 2021 3:54pm Jun 20, 2021 3:54pm
me me me, let’s down more so weaker ur weak
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  • #603,804
  • Jun 20, 2021 3:59pm Jun 20, 2021 3:59pm
Here's my short-term technical perspective on GBPUSD. The directional momentum on the H4 timeframe favours bears. Previous demand/horizontal support levels/zones are being breached. Last week Friday, price action surged below a minor horizontal support at 1.38070. Should bears maintain their influence in the market in the early part of this week, we may see further southward breakdown of technical zones.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #603,805
  • Jun 20, 2021 4:40pm Jun 20, 2021 4:40pm
Am I Seeing double or am I seeing 1.43 plus?
  • #603,806
  • Jun 20, 2021 6:06pm Jun 20, 2021 6:06pm
Bears can wait for a retrace to 1.3890s on daily, on weekly it can pump to 1.3920-40s good entry while bulls can bet on such retrace from current price but set sl as close as basing below 1.3790
There's some conflict in monthly, if it will rest in consolidation at said levels till month end or target a fall to 1.3670 maybe 1.3600s too
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #603,807
  • Jun 20, 2021 9:49pm Jun 20, 2021 9:49pm
this is a good signal , but i am waiting for London open
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yes yes yes
  • #603,808
  • Jun 20, 2021 10:07pm Jun 20, 2021 10:07pm
The situation is clear, short now or waiting retracement and short
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Be a spectator, not a player
  • #603,809
  • Jun 20, 2021 10:15pm Jun 20, 2021 10:15pm
this is monday , ill waiting the price more higher . no sell until the retrace area touched . ill patient when getting into the trend reversal , XD
more higher its expect . if sell now , will stuck in doom , sell higher
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #603,810
  • Jun 20, 2021 10:26pm Jun 20, 2021 10:26pm
Quoting kris89
this is monday , ill waiting the price more higher . no sell until the retrace area touched . ill patient when getting into the trend reversal , XD more higher its expect . if sell now , will stuck in doom , sell higher
How about buy on low?
  • #603,811
  • Jun 20, 2021 10:30pm Jun 20, 2021 10:30pm
Quoting Kimoo
{quote} How about buy on low?
imo perfect with sl below todays wick.
im in, 1tp 1.3860, 2nd 1.389
  • #603,812
  • Jun 20, 2021 10:35pm Jun 20, 2021 10:35pm
Quoting Kimoo
{quote} How about buy on low?
high possible . but we in middle . maybe with some tight sl
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #603,813
  • Jun 20, 2021 10:42pm Jun 20, 2021 10:42pm
3785/75 should give bounce.

IMO
Intraday only.
  • #603,814
  • Jun 20, 2021 10:46pm Jun 20, 2021 10:46pm
Quoting gatenio
{quote} imo perfect with sl below todays wick. im in, 1tp 1.3860, 2nd 1.389
Buy limit 1.37668 sl 1.37574 tp 1.3844
try tight stop.
  • #603,815
  • Jun 20, 2021 10:47pm Jun 20, 2021 10:47pm
Down first ..
Trade with prediction = witch with her visions lol
  • #603,816
  • Jun 20, 2021 10:48pm Jun 20, 2021 10:48pm
Quoting navk
3785/75 should give bounce. IMO
that my low risk entry also , hard core monday
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #603,817
  • Jun 20, 2021 10:49pm Jun 20, 2021 10:49pm
Quoting dimitricss
Down first ..
Inserted Video
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #603,818
  • Jun 20, 2021 11:08pm Jun 20, 2021 11:08pm
taking chance here buy limit 1.38000
  • #603,819
  • Jun 20, 2021 11:12pm Jun 20, 2021 11:12pm
Quoting gatenio
{quote} imo perfect with sl below todays wick. im in, 1tp 1.3860, 2nd 1.389
keeping that in mind, keep this also in mind :

In the next 1 hr, a new 4hr candle starts.

Usually, the 4hr candle which forms in London session is valid... but today is monday
Intraday only.
  • #603,820
  • Edited Jun 21, 2021 12:10am Jun 20, 2021 11:12pm | Edited Jun 21, 2021 12:10am
A trend line on the monthly TF and another one on the weekly/Daily form a support.
I'm waiting for a confirmation on H4 to go long.
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