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Cable Update (GBPUSD)

  • #605,121
  • Jun 27, 2021 1:45pm Jun 27, 2021 1:45pm
Quoting mysterio
Think probs up then down, cant see us going straight down from here but 1.38 is my intraday target, anything can happen etc {image}
I really like the way you look for levels to trade, you know how to do it right
  • #605,122
  • Jun 27, 2021 3:01pm Jun 27, 2021 3:01pm
Long order for 13875 set TP 13925 SL 13845
Insane in the Brain..
  • #605,123
  • Jun 27, 2021 3:04pm Jun 27, 2021 3:04pm
Attached Image (click to enlarge)
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  • #605,124
  • Jun 27, 2021 3:21pm Jun 27, 2021 3:21pm
Quoting BeeTogether
{quote} im looking to go north as soon as market opens
With you but South before New York
  • #605,125
  • Edited 6:18pm Jun 27, 2021 3:49pm | Edited 6:18pm
This is what I see -
weekly, still an uptrend
monthly, 1.5 is not too far.
Holding to my long positions.
  • #605,126
  • Jun 27, 2021 3:52pm Jun 27, 2021 3:52pm
Quoting Vincent1
{quote} Not much has changed since last week on the Daily and Weekly TFs. The Rounding Top reversal pattern has done the job, and we are still waiting for the final confirmation of the double top on the Weekly. On the Weekly the candle has formed an Inside Bar, a candle where the market takes time, rests after a strong move, waiting for the next strong move. {image} As expected 1.40 worked as a resistance. At this point on the Daily our references are 2: - The support between 1.3740 / 1.3660, is the area where the last Double Bottom was formed,...
https://www.forexfactory.com/attachm...1&d=1623238630

ciao Vincent1,
do you remember your image from #post 601,089 from 09.06.2021
I would like to discuss with you if you don't mind about this pattern
because now it looks more like inverted cup and handle to me

from: https://www.luckscout.com/cup-and-handle-pattern/
https://www.luckscout.com/wp-content...-pattern-1.gif

classic
from: https://www.investopedia.com/terms/c/cupandhandle.asp

https://www.investopedia.com/thmb/ev...f40410d74a.png

your opinion is appreciated
grazie mille
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Attached Image
dolce vita
  • #605,127
  • Jun 27, 2021 3:59pm Jun 27, 2021 3:59pm
Here's my take on the GBPUSD, from the technical perspective of a medium-term swing trader. The GBPUSD market is technically bullish. However, it is experiencing increased bearish pressure. The order flow context on the daily time frame and recent price action favour bears. On June 23, price action completed a 61.8 Fib northward retracement of the 1.41320/1.37900 downward swing. Should this lead to a bearish continuation, we may see price action attempt a breakdown of the 1.37260 immediate horizontal support, which may extend to the next horizontal support around the 1.36660 area (green). Such a move, however, should not be seen as a technical market reversal.

I may be wrong. Please note that the analysis is not a market prediction but to contribute to thread members' knowledge. I have not revealed how I will trade this market, so trade safe, follow your trading rules and you would prosper.

KP

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Do your homework, follow the footprints of smart money
  • #605,128
  • Edited 5:20pm Jun 27, 2021 4:24pm | Edited 5:20pm
Cancelling my long Order as it’s been not met yet. Will look trade in the morning depending on where the market it as then

edit I think a very short term long is still on… will toy with it before I doze off
Insane in the Brain..
  • #605,129
  • Jun 27, 2021 4:53pm Jun 27, 2021 4:53pm
Happy new trading week
#Stay blue. /swinger/scalper/
  • #605,130
  • Jun 27, 2021 7:02pm Jun 27, 2021 7:02pm
The mini drop is here .
1.38600 area is calling price
Attached Image (click to enlarge)
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yes yes yes
  • #605,131
  • Jun 27, 2021 7:18pm Jun 27, 2021 7:18pm
Attached Image (click to enlarge)
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yes yes yes
  • #605,132
  • Jun 27, 2021 7:20pm Jun 27, 2021 7:20pm
I see a nice long at 3880-85.
Everyone can see the chart, but only a few can actually read it.
  • #605,133
  • Jun 27, 2021 7:24pm Jun 27, 2021 7:24pm
Quoting Moty
The mini drop is here . 1.38600 area is calling price {image}
Daily have a good HnS
But still to complete the breakout or reject @1.3800 of perhaps can topper last test before drop as we dont wanna see price above 1.3900 to make it happen
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #605,134
  • Jun 27, 2021 8:18pm Jun 27, 2021 8:18pm
Attached Image (click to enlarge)
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yes yes yes
  • #605,135
  • Edited 9:20pm Jun 27, 2021 8:45pm | Edited 9:20pm
Quoting navk
I wish to trade in the following manner : After market open, buy. After Tokyo open short. After Frankfurt / London open buy. After NY open...continue to buy. The price levels, support / resistance will be checked.
OK, Now the tokyo open drop is finished to me.

Buy now. Early buy. yes. At 3880/82.

Stop 3871.
Intraday only.
  • #605,136
  • Jun 27, 2021 8:50pm Jun 27, 2021 8:50pm
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  • #605,137
  • Edited 9:21pm Jun 27, 2021 8:53pm | Edited 9:21pm
The pattern seems to have changed.

3871 MUST be the stop for longs today.

Frankfurt/London all are dip buys with stop at 3871 to me.

NY too will / should be a buy today.

Any case, I trade session by session.

All to me only.
Intraday only.
  • #605,138
  • Jun 27, 2021 9:11pm Jun 27, 2021 9:11pm
Quoting navk
{quote} OK, Now the tokyo open drop is finished to me. Buy now. Early buy. yes. At 3980/82. Stop 3971.
1.3970 or 1.3870...? Check typing
Data + Stat + Risk/Emotions Management
  • #605,139
  • Edited 9:51pm Jun 27, 2021 9:20pm | Edited 9:51pm
i opened buy order, u can open buy orders now or when price cross above blue lines....if blue lines break it will fly like rocket....

it just my analysis....no guarantee , but it will not let u down..

opened buy order with confident....

when price break all red lines and goes below red line ,open sell order, close sell order when price break blue line, price goes above blue lines, then open buy orders....play between lines....

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  • #605,140
  • Jun 27, 2021 9:20pm Jun 27, 2021 9:20pm
Quoting Georginson
{quote} 1.3970 or 1.3870...? Check typing
yes, 3870.

Noticed the error
Intraday only.
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