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Cable Update (GBPUSD)

  • #610,521
  • Jul 19, 2021 7:10am Jul 19, 2021 7:10am
Quoting IBabyTrader
Why is the GU still down, while there are so many longs? {image}
Taking money off the masses
  • #610,522
  • Jul 19, 2021 7:13am Jul 19, 2021 7:13am
Bang 137 breached can’t see a retrace to 138 this week.
Insane in the Brain..
  • #610,523
  • Jul 19, 2021 7:18am Jul 19, 2021 7:18am
Now looking like 1.3663 area for retrace. ADR low area, weekly S2/monthly s1/daily channel bottom
  • #610,524
  • Jul 19, 2021 7:23am Jul 19, 2021 7:23am
Quoting Bones
the weekly opened bearish ,already I could say theres no safe buy whatsoever this week unless that open changed... which is very low probability ,(shaven close ,shaven open) I know this from the monthly chart {image}
at the time of the post the bullish H1 did not exist (price was 13712)
it only reinforces what I'm saying ,we can build a high probability outlook off the action,
sell under the weekly open it just got defended or tested whichever way you like to look at it.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #610,525
  • Jul 19, 2021 7:24am Jul 19, 2021 7:24am
Quoting BeeTogether
Bang 137 breached can’t see a retrace to 138 this week.
disagree.
watch PA
  • #610,526
  • Jul 19, 2021 7:30am Jul 19, 2021 7:30am
Quoting gatenio
{quote} disagree. watch PA
4h chart up yet but all I’m seeing is possible 136-13650
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Insane in the Brain..
  • #610,527
  • Jul 19, 2021 7:31am Jul 19, 2021 7:31am
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if it can go positive off the support problem at hand somehow
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #610,528
  • Jul 19, 2021 7:32am Jul 19, 2021 7:32am
Quoting BeeTogether
{quote} can’t get my usual 4h chart up yet but all I’m seeing is possible 136-13650
yes it could, but 1.38 is valid, like 1.39 and 1.4
price below 1.37 say nothing, only RN

massive demand down, could pop, could not.
all we can is try.

BTW, i stopped out down 22 pips today.
  • #610,529
  • Jul 19, 2021 7:37am Jul 19, 2021 7:37am
Quoting coyoteuglyxxx
Rejection of 1.3700 area after LO is a really good sign for the bulls . I’m long 1.3712, SL 1.3688. 1st target : 1.3808 where I see a small liquidity void area and previous support turned resistance. This I think is the beginning of the bull run towards 1.40 IMO {image}
I still believe that 1.3690-1.3700 will hold and my target GU 1.3808 is achievable . Moved SL to 1.3670… naughty. Currently at -5 but I’m holding my long…. stubborn as fu*k lol
Did you place your stop loss order? Why not?!? Story of my life...
  • #610,530
  • Jul 19, 2021 7:37am Jul 19, 2021 7:37am
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yes yes yes
  • #610,531
  • Jul 19, 2021 7:38am Jul 19, 2021 7:38am
a little more room is left if it goes more down. but i think touch has been done..
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  • #610,532
  • Jul 19, 2021 7:39am Jul 19, 2021 7:39am
Longs better start praying that the weekly demand area holds otherwise it could get painful., i guess it will depend on how much liquidity lays below

I am closed out profit taken from 3892 200pips
Follow The Markets Structure - Patience and Discipline
  • #610,533
  • Jul 19, 2021 7:42am Jul 19, 2021 7:42am
Just noticed we hit a fresh h1 demand zone / tested h4 zone

Daily is breached
Attached Image
  • #610,534
  • Jul 19, 2021 7:43am Jul 19, 2021 7:43am
Quoting gatenio
{quote} yes it could, but 1.38 is valid, like 1.39 and 1.4 price below 1.37 say nothing, only RN massive demand down, could pop, could not. all we can is try. BTW, i stopped out down 22 pips today.
As I have no SL was aiming for a Return to 138 esp after the oil news which would lower demand on USD. I’m still long let’s see
Insane in the Brain..
  • #610,535
  • Jul 19, 2021 7:44am Jul 19, 2021 7:44am
Quoting gatenio
{quote} yes it could, but 1.38 is valid, like 1.39 and 1.4 price below 1.37 say nothing, only RN massive demand down, could pop, could not. all we can is try. BTW, i stopped out down 22 pips today.
Hi Gatenio,

I respectfully disagree with this statement. My argument is, this is the second time price is coming to 1.37, and judging by historic PA, Significant levels do not survive on the second wave. Only minor levels bounce around like ping pong. IMHO, the more price stays below 1.37, the more BEARS gets more strength. So, price under 1.37 speaks volumes if you ask me.

This is merely what I have seen happen a few times and it's nowhere near facts.
Keep well
  • #610,536
  • Jul 19, 2021 7:45am Jul 19, 2021 7:45am
goldi found support
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yes yes yes
  • #610,537
  • Jul 19, 2021 7:52am Jul 19, 2021 7:52am
Quoting JayBag
{quote} Hi Gatenio, I respectfully disagree with this statement. My argument is, this is the second time price is coming to 1.37, and judging by historic PA, Significant levels do not survive on the second wave. Only minor levels bounce around like ping pong. IMHO, the more price stays below 1.37, the more BEARS gets more strength. So, price under 1.37 speaks volumes if you ask me. This is merely what I have seen happen a few times and it's nowhere near facts. Keep well
i respectfully agree with you and with the fact that you are not agree with me. right now the price is not base below 3700.
for me demand area 366X-369X
if it fails , i will lose. equation is simple
  • #610,538
  • Jul 19, 2021 8:02am Jul 19, 2021 8:02am
Quoting gatenio
{quote} i respectfully agree with you and with the fact that you are not agree with me. right now the price is not base below 3700. for me demand area 366X-369X if it fails , i will lose. equation is simple
Fair enough aceesments.
  • #610,539
  • Jul 19, 2021 8:07am Jul 19, 2021 8:07am
Where is Mr. M ? to the Moon ? or to the Annunaki ?
  • #610,540
  • Jul 19, 2021 8:07am Jul 19, 2021 8:07am
Ranging the USD? But last week 's Old news!
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