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Cable Update (GBPUSD)

  • #610,761
  • Jul 20, 2021 2:33am Jul 20, 2021 2:33am
Quoting JayBag
{quote} Hi S, I don't think there's anything of that nature. This wave down is been long overdue. One can only imagine a bear setup that formed since last year only materializing now. If you have not been mapping from the earlier stage, it may seem like manipulation. Take Care
You are right Jay, this is no manipulation in anyway. Price has been rising since April 2020 and can't continue rising. This is just 50% of the expected fall, more fall is coming to 1.28 area but mini bounces of 120 -200 pips will happen at some point in time.
Data + Stat + Risk/Emotions Management
  • #610,762
  • Jul 20, 2021 2:39am Jul 20, 2021 2:39am
Quoting segarann
Full of manipulation!
Quoting Bainbrito
{quote} Moty could well be right, 1.3660 is a strong level, but since the trend is clearly down it is best to wait for confirmation - a strong breakout of the consolidation area and retest. {image}
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Patience friend. Wait for confirmation, the retest is now.
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  • #610,763
  • Jul 20, 2021 2:40am Jul 20, 2021 2:40am
Quoting Georginson
{quote} You are right Jay, this is no manipulation in anyway. Price has been rising since April 2020 and can't continue rising. This is just 50% of the expected fall, more fall is coming to 1.28 area but mini bounces of 120 -200 pips will happen at some point in time.
Correction happening in daily TF.

Mini bounce not happening in smaller TF.

Having said, there is last chance of mini bounce today from 3630
Intraday only.
  • #610,764
  • Jul 20, 2021 2:41am Jul 20, 2021 2:41am
Quoting knkie
{quote} hey Waveskier do you open the trades each way at the open or do you set buy/sell stops at a certain level from the h1- open ? im intrigued thanx
Hi I personally open when ever I want but have found to open both trades on the hour open usually hits both tp's pretty quick, its a very much try and over time you'll feel what's best for you 4hr,1hr 30 mins or ad hoc, please try on demo first
  • #610,765
  • Jul 20, 2021 2:42am Jul 20, 2021 2:42am
Quoting JayBag
{quote} Hi S, I don't think there's anything of that nature. This wave down is been long overdue. One can only imagine a bear setup that formed since last year only materializing now. If you have not been mapping from the earlier stage, it may seem like manipulation. Take Care
Yes Jb.. i was expecting this 3 weeks ago. Its happening now. All current setup failed.
  • #610,766
  • Jul 20, 2021 2:42am Jul 20, 2021 2:42am
entered short @ (1.3650) fibo 38.2%
Attached Image
  • #610,767
  • Jul 20, 2021 2:45am Jul 20, 2021 2:45am
Quoting ChiForex
GU looking to target 1.3610-20s but possible bounce upward afterwards. Initial Resistance 1.3685-95, if price can base above and that might be later..can target 1.3735-40
Target met, 55 clean pips from sell. Buy order executed @1.3630 Tp 1.3680s with possible extent to 1.3730s
Another buy order ready around 1.3615 with same Tp while SL is a base below 1.3610
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #610,768
  • Jul 20, 2021 2:46am Jul 20, 2021 2:46am
Quoting Georginson
{quote} You are right Jay, this is no manipulation in anyway. Price has been rising since April 2020 and can't continue rising. This is just 50% of the expected fall, more fall is coming to 1.28 area but mini bounces of 120 -200 pips will happen at some point in time.
True bro. I agree on a bounce at some point to retest 1.37 area again (1.37146). However, I honestly have no idea where the support will be at. All I have in mind is that 1.37 area becomes a RES to continue the Liu move.

I like to trade one direction, so I will always be looking for spots to sell till prmise land

Let's see how it goes
Take Care
  • #610,769
  • Jul 20, 2021 2:49am Jul 20, 2021 2:49am
Will be up H1.And i can say.Only what i see.Daily is ready to go up,maybe several day reverse,but it cant go down.On up 1.41120 after i dont know.
  • #610,770
  • Jul 20, 2021 2:49am Jul 20, 2021 2:49am
Remain blessed
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#Stay blue. /swinger/scalper/
  • #610,771
  • Jul 20, 2021 2:51am Jul 20, 2021 2:51am
Quoting segarann
{quote} Yes Jb.. i was expecting this 3 weeks ago. Its happening now. All current setup failed.
Oh dear, the ranging is killing and sometimes looks deliberate. We all go through that phase where setup fails. It doesn't matter how much experience/technic one has. What I'd do is re-evaluate and forge ahead.

Take Care mate
  • #610,772
  • Jul 20, 2021 2:51am Jul 20, 2021 2:51am
Quoting Ehminiz
Remain blessed {image}
Eid mubarak to all brothers and sisters
  • #610,773
  • Jul 20, 2021 2:53am Jul 20, 2021 2:53am
Closed my long positions with a small profit, at this point I don't see any clear long set-ups so I will look for short opportunities.
Do more of what works and less of what doesn't
  • #610,774
  • Jul 20, 2021 2:53am Jul 20, 2021 2:53am
Attached Image
Newbie here
  • #610,775
  • Jul 20, 2021 2:58am Jul 20, 2021 2:58am
Quoting Cateus
entered short @ (1.3650) fibo 38.2% {image}
Looking good but the breakout candles are not as strong as they seem - low volume. The congestion area should act as resistance though and 1.3660 as psych res. So far so good though!
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  • #610,776
  • Jul 20, 2021 2:59am Jul 20, 2021 2:59am
Once it broke through 1.3725 strongly, my 1.4017 target became moot.
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Lost....
  • #610,777
  • Jul 20, 2021 2:59am Jul 20, 2021 2:59am
daily it depends how fast it goes up but now target 1.41.if it goes slow target can be less than 1.41
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  • #610,778
  • Jul 20, 2021 3:05am Jul 20, 2021 3:05am
Quoting Waveskierrob
{quote} Hi I personally open when ever I want but have found to open both trades on the hour open usually hits both tp's pretty quick, its a very much try and over time you'll feel what's best for you 4hr,1hr 30 mins or ad hoc, please try on demo first
Thanx.
It's interesting
I might try this out.
in wondering about yourself, you forgot what you came here to be part of
  • #610,779
  • Jul 20, 2021 3:08am Jul 20, 2021 3:08am
dix struggling but working on 93 00 - 93 03, need a new high or potential daily double top
If you are new to Forex? Say Goodbye to your account!!
  • #610,780
  • Jul 20, 2021 3:12am Jul 20, 2021 3:12am
Quoting viktoriaxz
daily it depends how fast it goes up but now target 1.41.if it goes slow target can be less than 1.41 {image}
Dunno about 1.41.
Dollar will be propped up by the establishment before its eventual collapse.
Lost....
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