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Cable Update (GBPUSD)

  • #610,801
  • Jul 20, 2021 4:24am Jul 20, 2021 4:24am
new setup dominant break 30m\1h
targeting 1.374 first, max 1.381X
levels below
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  • #610,802
  • Jul 20, 2021 4:35am Jul 20, 2021 4:35am
1.37-1.3720 is h1 supply, I will look for weakness and a sell in this range

1.3702 also daily pivot
  • #610,803
  • Jul 20, 2021 4:37am Jul 20, 2021 4:37am
Quoting dimitricss
took long for 30-40 ..

Add more,, to 1.3710
Trade with prediction = witch with her visions lol
  • #610,804
  • Jul 20, 2021 4:41am Jul 20, 2021 4:41am
Quoting dimitricss
{quote} Add more,, to 1.3710
I have my tp at 1.37000
#Stay blue. /swinger/scalper/
  • #610,805
  • Jul 20, 2021 4:47am Jul 20, 2021 4:47am
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Still sitting on my hands looking for confirmation either way, but biased to downside. With so many long positions a stop hunt may be in order at least. Good luck all
  • #610,806
  • Jul 20, 2021 4:50am Jul 20, 2021 4:50am
Sub 3600 today hedged a short in as small tl was hit and I got 61% fib more or less on the same tl . Let’s see if the 38% holds longs
  • #610,807
  • Jul 20, 2021 4:51am Jul 20, 2021 4:51am
There is ping pong PA between yesterday low and today open, each side is being defended, it's likely that the winner of the battle in this area would win the day
  • #610,808
  • Jul 20, 2021 4:56am Jul 20, 2021 4:56am
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yes yes yes
  • #610,809
  • Jul 20, 2021 4:59am Jul 20, 2021 4:59am
We have 12 hour bear cycle. Selling for 12 hours
  • #610,810
  • Jul 20, 2021 5:04am Jul 20, 2021 5:04am
Quoting coyoteuglyxxx
Good morning all.Very strong GU bearish momentum after yesterday’s move. I still fancy the idea that we are at a demand level and 1.3808 is still outstanding as a liquidity void level. Yesterday I was wrong with my long position and took a loss. I will try again today. Long at 1.3642, SL1.3627. This is a risky counter but I trade what I see. I am ready to switch to short if the bear momentum continues, if not, I'll buy more. {image}
Out of the long with 16 pts profit, sitting on my hands atm
Did you place your stop loss order? Why not?!? Story of my life...
  • #610,811
  • Jul 20, 2021 5:06am Jul 20, 2021 5:06am
Quoting coyoteuglyxxx
{quote} You are right. Would it be a strong GBP then, that could take it back up after yesterday? I am still fooling myself with the longs here.
Ahh well it is a powerful down trend

Despite that I made my pips on the kicks up long but I for sure got lucky yesterday

GBP currently one of the weakest currencies across the board currently, not sure what's driving it beyond a lot of chaotic stories coming out of government
  • #610,812
  • Jul 20, 2021 5:06am Jul 20, 2021 5:06am
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view
  • #610,813
  • Jul 20, 2021 5:07am Jul 20, 2021 5:07am
Quoting coyoteuglyxxx
{quote} Out of the long with 16 pts profit, sitting on my hands atm
lol 16pts doesn't pay my spread
  • #610,814
  • Jul 20, 2021 5:10am Jul 20, 2021 5:10am
jezz... down again. what the..***
Trade with prediction = witch with her visions lol
  • #610,815
  • Jul 20, 2021 5:14am Jul 20, 2021 5:14am
Long 1.364x-5x tp Open!
  • #610,816
  • Jul 20, 2021 5:15am Jul 20, 2021 5:15am
have my stop for longs at 3633.

BE + 3 pips

Price unlikely to go below 3639
Intraday only.
  • #610,817
  • Jul 20, 2021 5:15am Jul 20, 2021 5:15am
Quoting superamigo
{quote} lol 16pts doesn't pay my spread
Yesterday I took a 42 pts loss after moving the stop, hoping that I was right with my long, but I was terribly wrong and decided not to do it again today, so… 16 in the green is ok
Did you place your stop loss order? Why not?!? Story of my life...
  • #610,818
  • Jul 20, 2021 5:16am Jul 20, 2021 5:16am
If I ruled the market then I would do this, but then I am just a speck of dust in the desert looking for some dessert to eat.
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  • #610,819
  • Jul 20, 2021 5:30am Jul 20, 2021 5:30am
This is what i've got, i think Bull had to close above 1.36700 support line this day.
but if the lower Wedges Trendline are broken, perhaps..... Cable will go to retest Resistance Become Support level at 1.35200
but if D1 close above lower trendline or above 1.36700, Cable will go for bullish corrective
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  • #610,820
  • Jul 20, 2021 5:33am Jul 20, 2021 5:33am
Prices are going down to 1.35800
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