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Cable Update (GBPUSD)

  • #605,561
  • Jun 29, 2021 4:43am Jun 29, 2021 4:43am
Watch 3864 ish
  • #605,562
  • Jun 29, 2021 4:45am Jun 29, 2021 4:45am
Quoting Moty
{image}
Moty, that TMA band heavily recalculate. try to avoid it.
Intraday Trading is an Art _ hoda
  • #605,563
  • Jun 29, 2021 4:47am Jun 29, 2021 4:47am
Quoting pipfarm
{quote} 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...
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  • #605,564
  • Jun 29, 2021 4:48am Jun 29, 2021 4:48am
Quoting KiwiTrada
1 3800 could be tested tonight if she can get through present support 1 3857?? pa now 1 3864
BO retest "break" hold" or shakeout ???
If you are new to Forex? Say Goodbye to your account!!
  • #605,565
  • Jun 29, 2021 4:48am Jun 29, 2021 4:48am
Euro might drag GU up, it hit strong support at 1.19. I ended up getting involved there instead of GU. GU showing a propensity to shoot up with just a small pullback on dxy so if the Euro bounce is more sustained this might turn into a bigger bounce in GU
  • #605,566
  • Jun 29, 2021 4:50am Jun 29, 2021 4:50am
can it pass 1.39 or is it daily down trend start point

or
  • #605,567
  • Jun 29, 2021 4:55am Jun 29, 2021 4:55am
Touching and rejected. Lets see how far
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #605,568
  • Jun 29, 2021 4:56am Jun 29, 2021 4:56am
Quoting dimitricss
took short 1.3851
took short again 1.3861
Trade with prediction = witch with her visions lol
  • #605,569
  • Jun 29, 2021 4:58am Jun 29, 2021 4:58am
Quoting Bartosz77
{quote} We have it now... Just a little rocket (to 50% fib 1.38634).
50% reached
1.38290 now?
WT
  • #605,570
  • Jun 29, 2021 4:59am Jun 29, 2021 4:59am
Quoting Bartosz77
{quote} 50% reached 1.38290 now?
i hope
Trade with prediction = witch with her visions lol
  • #605,571
  • Jun 29, 2021 5:01am Jun 29, 2021 5:01am
Quoting gatenio
{quote} {image}

Good stuff

similar set up on GY only this time the target is about 300 pips into a swing 3
Follow The Markets Structure - Patience and Discipline
  • #605,572
  • Jun 29, 2021 5:03am Jun 29, 2021 5:03am
Quoting Bartosz77
{quote} 50% reached 1.38290 now?
After that crazy pull string slingshoot. I demand more below 1.38000
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #605,573
  • Jun 29, 2021 5:04am Jun 29, 2021 5:04am
Quoting mysterio
Euro might drag GU up, it hit strong support at 1.19. I ended up getting involved there instead of GU. GU showing a propensity to shoot up with just a small pullback on dxy so if the Euro bounce is more sustained this might turn into a bigger bounce in GU
Plan for the afternoon is to only sell if we reach pivot at 1.39 with PA confirmation targeting 1.38, with dxy starting to run out of gas and looking to turn on supply and Euro jumping off of 1.19, i'm not convinced the up move is going to finish so soon, check in again at 1pm
  • #605,574
  • Jun 29, 2021 5:04am Jun 29, 2021 5:04am
G/M, 76.4% of the 3786-4001 move @ the current dly lo, strong pullback from there to challenge the prev 1hr/4hr swing lo zone = prev supp = potential sbr from last tuesday. 1hr below.
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Trader with an Edge.
  • #605,575
  • Jun 29, 2021 5:05am Jun 29, 2021 5:05am
Quoting hoda
{quote} Moty, that TMA band heavily recalculate. try to avoid it.
you telling me ? lol my computer had slow down significantly
butr it gave 74 pips move today
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yes yes yes
  • #605,576
  • Jun 29, 2021 5:09am Jun 29, 2021 5:09am
GU Renko
Buy 1.3850. 23.6 fibo retracement now make support.

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  • #605,577
  • Jun 29, 2021 5:18am Jun 29, 2021 5:18am
Just to remember, for an Engulfing on the Monthly, we need tomorrow's close to be below 1.3806 (level that has already been broken once, and therefore easier to attack now)
  • #605,578
  • Jun 29, 2021 5:21am Jun 29, 2021 5:21am
Mybe will ranging until new MN candle stay aside until next month??
  • #605,579
  • Jun 29, 2021 5:24am Jun 29, 2021 5:24am
Quoting dimitricss
{quote} took short again 1.3861

go bears go... 1.3800

i hope ..
Trade with prediction = witch with her visions lol
  • #605,580
  • Jun 29, 2021 5:24am Jun 29, 2021 5:24am
I see a couple of guys playing the fib retrace from the daily high to low. One of my favorite entry methods. Anyway, this is my last sell trade. No more
Cheers Folks.
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