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Cable Update (GBPUSD)

  • #605,541
  • Jun 29, 2021 3:50am Jun 29, 2021 3:50am
eehh... where GU going ?

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  • #605,542
  • Jun 29, 2021 3:52am Jun 29, 2021 3:52am
Quoting Moty
{image}
Very Clear
  • #605,543
  • Jun 29, 2021 3:58am Jun 29, 2021 3:58am
Quoting Inthebox
another try. price broke asia session low. looking to sell. no pullback, no trade. {image}
update.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #605,544
  • Jun 29, 2021 3:59am Jun 29, 2021 3:59am
Quoting Wavegarrick
{quote} All of todays todays trades locked in. Trade safe, Cheers. {image}
Hi Guys,
I can definitely see 1.38000 very shortly with momentum picking up and it is important to get a month's candle close below last months' (May)open at 1.38000. This should give bears more confidence. My weekly support 1 bang on at the lows at 1.37876.
Have a great day.
Cheers.
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Trade to trade another day
  • #605,545
  • Jun 29, 2021 4:00am Jun 29, 2021 4:00am
Quoting Cateus
shorting 1.3868. will close manually if resistance is broken. {image}
moved sl. continuing with tight stop.
  • #605,546
  • Jun 29, 2021 4:01am Jun 29, 2021 4:01am
3825 3805 is support zones for any possible bounce
  • #605,547
  • Jun 29, 2021 4:02am Jun 29, 2021 4:02am
took a long from bottom of channel to 38700,will add more buys after break of trend .
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  • #605,548
  • Jun 29, 2021 4:03am Jun 29, 2021 4:03am
if I look at the day chart 3570/315x it's not far. also see double top at 42xx . sorry no chart
  • #605,549
  • Jun 29, 2021 4:09am Jun 29, 2021 4:09am
Buy 1.38400. Target today's pivot
  • #605,550
  • Jun 29, 2021 4:11am Jun 29, 2021 4:11am
Quoting elbert3
3825 3805 is support zones for any possible bounce
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  • #605,551
  • Jun 29, 2021 4:12am Jun 29, 2021 4:12am
Quoting Wavegarrick
{quote} Hi Guys, I can definitely see 1.38000 very shortly with momentum picking up and it is important to get a month's candle close below last months' (May)open at 1.38000. This should give bears more confidence. My weekly support 1 bang on at the lows at 1.37876. Have a great day. Cheers. {image}
Your charts are always graphical and well i must say magical. Wish that i can one day do this and also have the balls to hold. Cheers Wavegarick
  • #605,552
  • Jun 29, 2021 4:14am Jun 29, 2021 4:14am
We know the daily has reversed the minor trend so there is no reason why cable can not reach the 3700 level as that is the next logical support level from the larger degree wave perspective
Follow The Markets Structure - Patience and Discipline
  • #605,553
  • Jun 29, 2021 4:22am Jun 29, 2021 4:22am
Quoting Moty
{image}
Who did you lend the hammer too mate?? We need the rocket man!!
Insane in the Brain..
  • #605,554
  • Jun 29, 2021 4:28am Jun 29, 2021 4:28am
just wonder if all of you know that you are trading into daily massive support?
let it work alone if you haven't holding higher sells.
  • #605,555
  • Jun 29, 2021 4:32am Jun 29, 2021 4:32am
took short 1.3851
Trade with prediction = witch with her visions lol
  • #605,556
  • Jun 29, 2021 4:34am Jun 29, 2021 4:34am
The wave just started
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #605,557
  • Jun 29, 2021 4:35am Jun 29, 2021 4:35am
Quoting ChiForex
As much as it fakes pumps above 1.3945 the better as it will have to go back to 1.3850 and lower. Possible targets 1.3980-99. All that up movement is related to bulls push for a better positioning on monthly, nothing else
.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #605,558
  • Jun 29, 2021 4:37am Jun 29, 2021 4:37am
Quoting kris89
The wave just started
Swing zone hit. Lets see the price reacted
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #605,559
  • Jun 29, 2021 4:37am Jun 29, 2021 4:37am
Quoting BeeTogether
{quote} Who did you lend the hammer too mate?? We need the rocket man!!
We have it now... Just a little rocket (to 50% fib 1.38634).
WT
  • #605,560
  • Jun 29, 2021 4:42am Jun 29, 2021 4:42am
Quoting gatenio
just wonder if all of you know that you are trading into daily massive support? let it work alone if you haven't holding higher sells.

If your talking about immediate support around 3780 then it is not a problem trend has reversed from top down daily , trends create support levels before either moving into a correction or reversing, in this case price broke out of the correction to the downside in line with the trend so sailing through the immediate daily support is not an issue.

Plus if we look to the left we can see the old demand area @3800 , hardly any renewed demand, creating a triangular pattern which has now broken to the down side and i suspect there will be plenty of demand at the 3700 area or lower
Follow The Markets Structure - Patience and Discipline
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