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Cable Update (GBPUSD)

  • #610,341
  • Jul 18, 2021 1:37pm Jul 18, 2021 1:37pm
Quoting OnlineAddict
If I was bullish biased at 3800, I am now even more bullish biased at 3760. Easy long into next week...3840-60 first target.

Looking at other pairs for clues and the candle setup of today...this NY drop is a setup into next week to me.

Gap up wouldn't surprise me.
So far so good.
Everyone can see the chart, but only a few can actually read it.
  • #610,342
  • Jul 18, 2021 2:31pm Jul 18, 2021 2:31pm
GOLD

Long set up

Attached Image (click to enlarge)
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  • #610,343
  • Jul 18, 2021 2:35pm Jul 18, 2021 2:35pm
Short for 20 pips
  • #610,344
  • Jul 18, 2021 2:39pm Jul 18, 2021 2:39pm
Quoting Pat Chiko
GOLD Long set up {image}
you thought about it because then usually the usd force decreases.
  • #610,345
  • Jul 18, 2021 2:48pm Jul 18, 2021 2:48pm
GU

Completion to Demand zone

Attached Image (click to enlarge)
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  • #610,346
  • Jul 18, 2021 4:45pm Jul 18, 2021 4:45pm
Quoting KiwiTrada
{quote} nice little trade 7442 top of rising channel to bottom 1x4hr candle, very nice neat trade, now test is will ltl hold or break and make nice trade into very nice trade???
still a nice trade 7400 broken but un retested as yet target remains 70cents :-) daily weekly
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  • #610,347
  • Jul 18, 2021 5:02pm Jul 18, 2021 5:02pm
cable has entered a cluster of previous daily lows, markers 1 3754 1 3740 battle zone 1 3730 depending on timeframe trading r/r is long from either, bears holding trades should look to micro manage and wait to see when if pa 1 3730 plays out nowhere to enter short around here, patience required better options elsewhere, yen has started week with a bang gj uj looking interesting gj if 151 252 holds could give a nice short uj missed optimum entry 110 09 todays / weeks open perhaps a retest of 110 00 might open a door with 110 09 + security for sl??
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  • #610,348
  • Jul 18, 2021 5:03pm Jul 18, 2021 5:03pm
i bought
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#Stay blue. /swinger/scalper/
  • #610,349
  • Jul 18, 2021 5:32pm Jul 18, 2021 5:32pm
Quoting Ehminiz
i bought {image}
Got question in attached chart.

Maybe I miss something with regards to your TP selection.

Can learn few things from you today on the subject.

Thank you

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  • #610,350
  • Jul 18, 2021 5:36pm Jul 18, 2021 5:36pm
focus is on US$ dix has been grinding resistance for 8 days now, she is getting very compressed, norm would be to short with good protection for sl, but I am wary of her popping north, violently, I like violence / volatility, so shorts beware :-) top of range is 9284, if it goes it wont be pretty for some pa now 9270
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  • #610,351
  • Jul 18, 2021 5:38pm Jul 18, 2021 5:38pm
im going to bed. I hope when I wake up I will see my tp taken at 1,3734
  • #610,352
  • Jul 18, 2021 5:46pm Jul 18, 2021 5:46pm
Quoting Pat Chiko
{quote} Got question in attached chart. Maybe I miss something with regards to your TP selection. Can learn few things from you today on the subject. Thank you {image}

Well, according to my entries, i tp at 38.2 fib for retracement leaving the rest for the market.

Just 20-30pips target
#Stay blue. /swinger/scalper/
  • #610,353
  • Jul 18, 2021 5:58pm Jul 18, 2021 5:58pm
Quoting Ehminiz
{quote} Well, according to my entries, i tp at 38.2 fib for retracement leaving the rest for the market. Just 20-30pips target
Any entry and exit must be with reasoning & PA.

Cannot use indicator/tools as stand alone.

Must find confluence . More confluence , the better it is.

Attched chart , showing BO and RT according to PA.

Point shown, are where most confluence you can find.

There's 50% fib, WPP, RN, DPP, FL, BO/RT area, SRF, Supply zone and well well MA (I can see you use MA as indicator, then make it useful to your trade).

Re-marked your chart, I use different colour to marked BO/RT for you to see clearly their relationship in having proper PA analysis.

You just cannot use fib number as stand alone tool/indicator to make a decision in taking/exiting trades.

That's all . hope it is useful.
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  • #610,354
  • Jul 18, 2021 6:01pm Jul 18, 2021 6:01pm
Patiently waiting for a confirmation...
I am expecting to see a rejection on this current bearish Daily Candle, after hitting the confluence support zone....

.....Looking for BUY opportunities because of that Volume Bullish candle

Good Luck

BigNumbers
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  • #610,355
  • Jul 18, 2021 6:14pm Jul 18, 2021 6:14pm
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yes yes yes
  • #610,356
  • Jul 18, 2021 6:40pm Jul 18, 2021 6:40pm
Buy above 3750/48 for today until NY open.

IMO
Intraday only.
  • #610,357
  • Jul 18, 2021 6:40pm Jul 18, 2021 6:40pm
Quoting Moty
{image} {image}
AGREE with you Moty.

stop 3748/47
Intraday only.
  • #610,358
  • Jul 18, 2021 7:03pm Jul 18, 2021 7:03pm
Quoting navk
{quote} AGREE with you Moty. stop 3748/47
the price doing a holding pattern, seem we can see correction soon as in major Support , wishing 1.38600 will be hit today
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #610,359
  • Jul 18, 2021 7:07pm Jul 18, 2021 7:07pm
Quoting kris89
{quote} the price doing a holding pattern, seem we can see correction soon as in major Support , wishing 1.38600 will be hit today
I am aiming 1.3800 as per PAT chik chart.
Intraday only.
  • #610,360
  • Jul 18, 2021 7:17pm Jul 18, 2021 7:17pm
Quoting Pat Chiko
GOLD Long set up {image}
Dance with Gold with scalp, since GU is hesitate to dance. She want to remain passive.

Attached Image (click to enlarge)
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Quoting tiborf71
{quote} you thought about it because then usually the usd force decreases.
Not necessary USD weaken. The set up based on price structure and RT of the former BO zone.
With H4 RBS on the card.
Retest to the next level to know how far Gold strength is.
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