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Cable Update (GBPUSD)

  • #604,021
  • Jun 21, 2021 9:10pm Jun 21, 2021 9:10pm
Quoting navk
{quote} I expect support around 3850 first, and most importantly, if 3900 breaks, it could be below 3850. However, if support 3900 holds, then R1 first and then drop.
What's R1 price?
Data + Stat + Risk/Emotions Management
  • #604,022
  • Jun 21, 2021 9:12pm Jun 21, 2021 9:12pm
Quoting Georginson
{quote} What's R1 price?
1.3986 is R1

Alternatively, if current high 3935 is not broken in London, then down.

One can play above 3935 or below 3900 today.

IMO.

In between range, 35 pips for scalp in Asia.
Intraday only.
  • #604,023
  • Jun 21, 2021 9:24pm Jun 21, 2021 9:24pm
Quoting here2there
Double bottom. High volume bullish candle bounced at major psychological level (1.38). Railroad type candlestick pattern on Daily. All of this following an exceedingly strong downward move with virtually no relief. I think we are due for at least a 38.2% retracement. Maybe even 50% or more. But not before a minor retracement on the Daily candle. I could be wrong. Maybe bears are still hungry and will continue to tear into bulls. Time will tell. GBPUSD Daily Chart {image}
time will tell??daily yesterday LH LL genuine pullback to 3900 psych 23. 6 fib weekly again LL inplace genuine pullback 23.6 fib monthly LL in place genuine pullback 23.6 Fib, 4hr genuine pullback 23.6 fib Im thinking your last sentence, " Maybe bears are still hungry and will continue to tear into bulls." if they can get below 39 and hold, hrly sub range is 3900 - 3936
If you are new to Forex? Say Goodbye to your account!!
  • #604,024
  • Edited 9:59pm Jun 21, 2021 9:42pm | Edited 9:59pm
Drop mf
Attached Image (click to enlarge)
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aussi also with a nice drop for 20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 06-22-2021 05.58.jpg Size: 149 KB
yes yes yes
  • #604,025
  • Jun 21, 2021 9:46pm Jun 21, 2021 9:46pm
Quoting Georginson
{quote} What's R1 price?
below 3900, i will target for 60 pips today.

Above 3938, my target would be R1
Intraday only.
  • #604,026
  • Jun 21, 2021 10:35pm Jun 21, 2021 10:35pm
Stacking more sell in this area , last night candle contain some curious for me . deep inside feel like crooking some buyer to hope and take down like the last time on top before drop . stack stack more when it below 1.4000 good sign of bearish
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #604,027
  • Jun 21, 2021 10:45pm Jun 21, 2021 10:45pm
  •  turnfx
  • | Joined Dec 2014 | Status: Only money management is the key of | 334 Posts
last weekly candle is bearish. correction?
and 1st daily candle is up. correction ?


which one can be market correction?


i my opinion we must wait till friday for the answer
  • #604,028
  • Jun 21, 2021 10:52pm Jun 21, 2021 10:52pm
Quoting Moty
Drop mf{image}aussi also with a nice drop for 20 pips{image}
Moty, I thought you're not going to enter before LO?
  • #604,029
  • Jun 21, 2021 10:56pm Jun 21, 2021 10:56pm
Quoting Loey
{quote} Moty, I thought you're not going to enter before LO?
moty see the opportunity today xD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #604,030
  • Jun 21, 2021 10:58pm Jun 21, 2021 10:58pm
Hi, i'm new in forex trading. I started on march 2021.

I use EMA's (8, 21, 55, 233) and weekly & monthly pivot point.

My strategy :
1. Look trend in daily & weekly chart
2. Trade in hourly chart
3. Price above EMA 21 on hourly chart = bullish
4. Price below EMA 21 on hourly chart = bearish
5. Price around R & S weekly pivot, beware of reversal
6. Price around R & S monthly pivot, beware of strong reversal

Timeframe 4H, daily, weekly use EMA 8 & 21
Timeframe M30, M15, M5 use EMA 55 & 233

Yesterday, I took long 1.38363. the trade is still open. I will close manually if price close below EMA 21 on hourly chart.

Cheers
  • #604,031
  • Jun 21, 2021 11:19pm Jun 21, 2021 11:19pm
Quoting KiwiTrada
{quote} time will tell??daily yesterday LH LL genuine pullback to 3900 psych 23. 6 fib weekly again LL inplace genuine pullback 23.6 fib monthly LL in place genuine pullback 23.6 Fib, 4hr genuine pullback 23.6 fib Im thinking your last sentence, " Maybe bears are still hungry and will continue to tear into bulls." if they can get below 39 and hold, hrly sub range is 3900 - 3936
Unless something extraordinary happens to make GBPUSD bullish again, bears are in control. But a retracement is likely going to occur before bears continue to take GBPUSD down deeper. There is a demand zone on the Daily near 1.37. I am thinking price will eventually make its way down there.
Learn from your mistakes and march on.
  • #604,032
  • Jun 21, 2021 11:21pm Jun 21, 2021 11:21pm
Quoting navk
{quote} below 3900, i will target for 60 pips today. Above 3938, my target would be R1
Are you using Buy Stop and Sell Stop navk ?
  • #604,033
  • Jun 21, 2021 11:30pm Jun 21, 2021 11:30pm
Quoting Ersr83
Hi, i'm new in forex trading. I started on march 2021. I use EMA's (8, 21, 55, 233) and weekly & monthly pivot point. My strategy : 1. Look trend in daily & weekly chart 2. Trade in hourly chart 3. Price above EMA 21 on hourly chart = bullish 4. Price below EMA 21 on hourly chart = bearish 5. Price around R & S weekly pivot, beware of reversal 6. Price around R & S monthly pivot, beware of strong reversal Timeframe 4H, daily, weekly use EMA 8 & 21 Timeframe M30, M15, M5 use EMA 55 & 233 Yesterday, I took long 1.38363. the trade is still open. I...
Hallo Ersr and all friends here...
in my chart there are two highways.
Red color is Weekly highway and Green color is Daily highway.
Which one do you choose ?

ServerUang
  • #604,034
  • Jun 21, 2021 11:30pm Jun 21, 2021 11:30pm
Quoting W0lfram
Crazy pound touched 2nd upper bound of Expected daily Range. 3rd not on the chart, but it's 1.4002/1.3617. 1.4 can be tomorrow, will update ER before London open. {image} Hidden bearish divergences. I think they are first.{image}
As a rule, no significant s/r levels inside first range (1.3877 - 1.4), >1.3937 more up, <1.39 more down so far
(I'm also usually wrong, as a rule)
Attached Image (click to enlarge)
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Air force
  • #604,035
  • Jun 21, 2021 11:40pm Jun 21, 2021 11:40pm
Quoting Moty
Drop mf{image}aussi also with a nice drop for 20 pips{image}
Prepare you hammer now bro, maybe we need it anytime for today....
Everything is possible but not guaranteed
  • #604,036
  • Jun 21, 2021 11:51pm Jun 21, 2021 11:51pm
Quoting ServerUang
{quote} Are you using Buy Stop and Sell Stop navk ?
No. I have short trades open. Stop 3934.
If 3900 breaks, I will look to short only today
Intraday only.
  • #604,037
  • Jun 21, 2021 11:51pm Jun 21, 2021 11:51pm
Attached Image (click to enlarge)
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Fools Rushing
  • #604,038
  • Jun 21, 2021 11:55pm Jun 21, 2021 11:55pm
Bullish daily on DXY bouncing off the 200d MA, lends further certainty for me that GBP is going to move back down
  • #604,039
  • Jun 22, 2021 12:01am Jun 22, 2021 12:01am
Quoting ServerUang
{quote} Hallo Ersr and all friends here... in my chart there are two highways. Red color is Weekly highway and Green color is Daily highway. Which one do you choose ? ServerUang
I prefer daily.

In my opinion, if candle hourly close below 1.39, sign of bearish. If candle above 1.39 bull will continue
  • #604,040
  • Jun 22, 2021 12:03am Jun 22, 2021 12:03am
Hello to Everyone
its seems to Be trying to complete Head & Shoulder Pattern in 4H timeFrame
BUT
in this 2 Week will go to around 1.36
and After
to END of July (about 19th July, Boris Johnson Spoke about Reopening everything) again will go up to 50% fibo Monthly 1.43
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Weekly.jpeg Size: 101 KB
Click to Enlarge Name: Monthly.jpeg Size: 108 KB
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