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Cable Update (GBPUSD)

  • #610,881
  • Jul 20, 2021 7:27am Jul 20, 2021 7:27am
Longs long gone pun intended,

best scenario for longs would be to wait
Follow The Markets Structure - Patience and Discipline
  • #610,882
  • Jul 20, 2021 7:28am Jul 20, 2021 7:28am
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  • #610,883
  • Jul 20, 2021 7:29am Jul 20, 2021 7:29am
Oversold daily, stay off bears as the bulls will raise it to 1.3780/1.3810 area in days ahead.
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Data + Stat + Risk/Emotions Management
  • #610,884
  • Jul 20, 2021 7:30am Jul 20, 2021 7:30am
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yes yes yes
  • #610,885
  • Jul 20, 2021 7:31am Jul 20, 2021 7:31am
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resilience....
  • #610,886
  • Jul 20, 2021 7:31am Jul 20, 2021 7:31am
Quoting Pat Chiko
GU Choose the clear path Not with lot of obstacle So your effort not gone ashtray. {image}

GU

End of scalping @ RN.

H4 candle will be closing in 30 mins, may see some whipsaw at bottom price patter ('W" formation).
Will not to take risk, by letting price to move few pips to the target. Let H4 closed first.

Rebounce ?- Maybe from Price action, after the whipsaw.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #610,887
  • Jul 20, 2021 7:35am Jul 20, 2021 7:35am
With DXY trying to go higher, I guess NY will carry on selling GU
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Did you place your stop loss order? Why not?!? Story of my life...
  • #610,888
  • Jul 20, 2021 7:35am Jul 20, 2021 7:35am
Quoting pipcenturion
{quote} There is an untested VAP level since February 4, 2021 at 1.3612 Price touched the level a few minutes ago. We might see a decent rise from there.

Thanks Centurion.

As H4 candle about to close, we may see whipsaw and manipulation in the first hour of new candle.
This area may include 1.3612 now created as Supply zone. in M30.

This however will easily becoming RBS if price whipsaw thro' it with manipulation in play.

Will wait for any RBS moves in play during next hour or tow.

Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #610,889
  • Jul 20, 2021 7:40am Jul 20, 2021 7:40am
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interesting
  • #610,890
  • Jul 20, 2021 7:40am Jul 20, 2021 7:40am
Now it need to pullback else we can see more down

1.35444
  • #610,891
  • Jul 20, 2021 7:44am Jul 20, 2021 7:44am
for the week
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #610,892
  • Jul 20, 2021 7:44am Jul 20, 2021 7:44am
Quoting hederi
anyone watching usdcad?
i´m watching usdcad and im waiting it hits below 1,2730 start my pending order to be short
  • #610,893
  • Jul 20, 2021 7:48am Jul 20, 2021 7:48am
Let's go for the minimum
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yes yes yes
  • #610,894
  • Jul 20, 2021 7:54am Jul 20, 2021 7:54am
Quoting superamigo
{quote} i´m watching usdcad and im waiting it hits below 1,2730 start my pending order to be short
in actual fact usd cad is better to see it never broke the side box ,also its got that confirm already
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #610,895
  • Jul 20, 2021 7:58am Jul 20, 2021 7:58am
Quoting Cateus
{quote} you are right. I entered too early. But thanks god it ended well. In school I learned if answer is correct but the steps are wrong then I get zero. However, Thanks my lord I graduated school. took half with 33 pips @ fibo expansion. moved SL to BE {image}
closed second half @ 1.3590 with 60 pips. Avg pips = +46
  • #610,896
  • Jul 20, 2021 8:03am Jul 20, 2021 8:03am
1.3550ish in the making...
Trade with prediction = witch with her visions lol
  • #610,897
  • Jul 20, 2021 8:11am Jul 20, 2021 8:11am
Quoting mysterio
{quote} We made contact with the zone I very cautiously look out for bullish PA/reversal patterns now
Not even a hint of bulls. 1.3569-80 is the more specific area of interest. No buy yet. They can of course just crash through this zone so needs confirmation
  • #610,898
  • Edited 8:24am Jul 20, 2021 8:12am | Edited 8:24am
Quoting hederi
{image}
lol it is me waiting the price starts my pending order
  • #610,899
  • Jul 20, 2021 8:13am Jul 20, 2021 8:13am
GBPUSD has gone down quite strongly the past few days, without showing much relief. It is now in extreme unfair value territory. Volume is declining, suggesting sellers are nearing exhaustion. I believe it is due for a retracement. I will be preparing to buy the retracement.

Note: GBPUSD is clearly bearish. I believe it will continue to decline in value over time.

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Learn from your mistakes and march on.
  • #610,900
  • Jul 20, 2021 8:13am Jul 20, 2021 8:13am
Quoting dimitricss
1.3550ish in the making...
I agree. Perhaps 1.345XX tomorrow? This is hoping the momentum persists.
Bear strength seems to be unmatched
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