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Cable Update (GBPUSD)

  • #607,461
  • Jul 6, 2021 6:30pm Jul 6, 2021 6:30pm
Lets see if price manage to droped to area 1.36900-1.3700 before friday
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #607,462
  • Jul 6, 2021 6:43pm Jul 6, 2021 6:43pm
Inserted Video
not euphoria follower
  • #607,463
  • Jul 6, 2021 6:54pm Jul 6, 2021 6:54pm
Quoting trumps
I've taken another look at USD and I can't believe I missed this clear descending fib sequence (highlighted in brown boxes). It is text book. The green price projections are just crudely drawn to represent fib/support/resistance/Trend line confluences that I see into the future with my Dr WHO glasses on. In short, I think the $ is on the way down long term. {image}
Rebounded off, or very near the 50 fib to retest broken Trendline.
Attached Image (click to enlarge)
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Compulsions can be hard to resist
  • #607,464
  • Jul 6, 2021 7:01pm Jul 6, 2021 7:01pm
Quoting KiwiTrada
{quote} took 41minutes to kick into gear but nice 102 pip bear dump, very nice all other us$ complied overall good return :-)
Cable, monthly - this month has already put in a LL following last months huge bearish encompassing, last months low in play for now 1 3785 weekly the last 5 weekly candles have printed LH & LL this week thus far has LH would expect a LL 1 3730 for bearish continuation, daily 15 days of ranging between 1 4000 - 1 3730last 5 days spinning tops aka confusion aka consolidation, hrly last 6 candle in tight range - 1 3806 - 1 3793,

Sit tight and enjoy the bearish profits, wait for hrly range to BO, continue waiting to see who?? breaks out of previous 4hr High or Low, basically sit tight and wait for pa show intent, personally psych 1 4000 is in play another retest and I will enter short, otherwise waiting !! patience is traders best friend
If you are new to Forex? Say Goodbye to your account!!
  • #607,465
  • Jul 6, 2021 7:24pm Jul 6, 2021 7:24pm
Quoting KiwiTrada
{quote} Cable, monthly - this month has already put in a LL following last months huge bearish encompassing, last months low in play for now 1 3785 weekly the last 5 weekly candles have printed LH & LL this week thus far has LH would expect a LL 1 3730 for bearish continuation, daily 15 days of ranging between 1 4000 - 1 3730last 5 days spinning tops aka confusion aka consolidation, hrly last 6 candle in tight range - 1 3806 - 1 3793, Sit tight and enjoy the bearish profits, wait for hrly range to BO, continue waiting to see who?? breaks out of...
gold has just put in a new 4hr Low I am going to sell 1795 65 and defend the High, cheap entry, with good potential return :-)
If you are new to Forex? Say Goodbye to your account!!
  • #607,466
  • Jul 6, 2021 7:55pm Jul 6, 2021 7:55pm
Quoting KiwiTrada
{quote} gold has just put in a new 4hr Low I am going to sell 1795 65 and defend the High, cheap entry, with good potential return :-)
both uj and gj approaching 4hr and daily lows, important levels, especially if the break through :-)
If you are new to Forex? Say Goodbye to your account!!
  • #607,467
  • Jul 6, 2021 8:08pm Jul 6, 2021 8:08pm
Attached Image (click to enlarge)
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yes yes yes
  • #607,468
  • Jul 6, 2021 8:14pm Jul 6, 2021 8:14pm
Quoting KiwiTrada
{quote} gold has just put in a new 4hr Low I am going to sell 1795 65 and defend the High, cheap entry, with good potential return :-)
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 35 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gold1.png Size: 29 KB
yes yes yes
  • #607,469
  • Jul 6, 2021 9:14pm Jul 6, 2021 9:14pm
Quoting dempire1
{quote} How was your UJ long?
i was in GU long. so UJ long is no good for me. i did not buy uj.
ITB - Seeing Orderliness amongst 'Randomness'
  • #607,470
  • Jul 6, 2021 9:17pm Jul 6, 2021 9:17pm
dont forget FOMC
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #607,471
  • Jul 6, 2021 9:24pm Jul 6, 2021 9:24pm
Quoting kris89
dont forget FOMC
for fomc reaction later i need price to move down before FOMC minute meeting so its will support my buy later in bottom key level
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #607,472
  • Jul 6, 2021 10:00pm Jul 6, 2021 10:00pm
Entered short
Attached Image (click to enlarge)
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yes yes yes
  • #607,473
  • Jul 6, 2021 10:11pm Jul 6, 2021 10:11pm
Hi All,

Good Morning !

Yesterday I have not done trade because market moved opposite to my analysis so i given break for me do better analysis, below is Monday analysis.

Below are strong reversal areas key points:

High : 1.38942
Low : 1.37893

if it cut's those area we can see below points to reach or even more.

High : 1.39513
Low : 1.36983


Monday Analysis :
Today resistance zone between 1.38445 to 1.38515
Today Support zone between 1.37312 to 1.37269

Till now it was not even try to enter the resistance zone so it will move towards support zone, 1.37860 to 1.37890 will play crucial today .

if support breaks in 1 hr chart we could 1.36754
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  • #607,474
  • Jul 6, 2021 10:23pm Jul 6, 2021 10:23pm
Quoting Moty
Entered short {image}
early trades @moty, remember?
yo can get better price for sure.
  • #607,475
  • Jul 6, 2021 10:35pm Jul 6, 2021 10:35pm
Yesterday was great~ Well today I see less opportunity for both short and longs. After a few hours I hope volatility will come to action but if not then I'll not enter. Probably FOMC s**t is happening off the screen.

DXY is neutral right now so I'll do nothing.
Attached Image (click to enlarge)
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Try the simple and make it for you ~
  • #607,476
  • Jul 6, 2021 10:44pm Jul 6, 2021 10:44pm
Quoting Moty
Entered short {image}
remember L.O L.O L.O moty, for getting good low risk position
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #607,477
  • Jul 6, 2021 10:48pm Jul 6, 2021 10:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 63 KB
  • #607,478
  • Jul 6, 2021 11:13pm Jul 6, 2021 11:13pm
Quoting kris89
{quote} remember L.O L.O L.O moty, for getting good low risk position
London close was lower than the previous, so logic we should test YL again. No guarantee
  • #607,479
  • Jul 6, 2021 11:34pm Jul 6, 2021 11:34pm
Be nice to see a big bearish bar now
  • #607,480
  • Jul 6, 2021 11:35pm Jul 6, 2021 11:35pm
Added Short Position @1.38020 . since YC is getting enough power to do more retest at least last low for double bottom or make FO
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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