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Cable Update (GBPUSD)

  • #611,341
  • Jul 21, 2021 3:37pm Jul 21, 2021 3:37pm
I expect a sell from 1.3723 to 1.3652

Then renewed buying until 1.3803
  • #611,342
  • Jul 21, 2021 3:42pm Jul 21, 2021 3:42pm
Quoting pipcenturion
I expect a sell from 1.3723 to 1.3652 Then renewed buying until 1.3803
Thanks this is broadly what I'm seeing too

Retrace/imbalance fill from the supply zone we're in currently then resumption of bullishness with Dollar reacting off of weekly supply finally
  • #611,343
  • Jul 21, 2021 4:03pm Jul 21, 2021 4:03pm
one position left
...too much spread
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dolce vita
  • #611,344
  • Jul 21, 2021 4:38pm Jul 21, 2021 4:38pm
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up ? 3715 stop 8 pips target 3750 but watch my numbers posted before .. note if your going to bed put a tp and pp on your trades it could move fast over night .
  • #611,345
  • Jul 21, 2021 5:02pm Jul 21, 2021 5:02pm
Quoting gatenio
if 3705 will hit today my account will be very pleased throws a bone, whoever want will take. trade safe.
Good bone share xD hahaa. Its hit direct. Will see if the level hold
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #611,346
  • Jul 21, 2021 5:14pm Jul 21, 2021 5:14pm
PAY ATTENTION PLEASE!!!
An Equilibrium position can appear on any time Frame but the higher the time Frame the more STRONGER it is..
Now I found an Equilibrium position on 30MIN time frame... and the zone is between 1.37262 and 1.37173 as specified on the chart and it's a RESISTANCE LEVEL..


I'm GOING SHORT HERE AND STOP LOSS IS 35 PIPS AND TP IS ABOUT 60 PIPS. Its a risky Trade as the Risk to reward ratio is not enticing...
Please use your discretion!!!!

If it breaks and retest then we can continue going LONG...
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  • #611,347
  • Edited 5:57pm Jul 21, 2021 5:44pm | Edited 5:57pm
A bullish engulfing candle pattern has formed on the Daily in Unfair Value territory. I am expecting a minor retracement, followed by a continuation of bullish activity.

I have Buy Limit Orders set at, 1.36766; 1.36447; and 1.36254
My target is 1.38902

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Learn from your mistakes and march on.
  • #611,348
  • Jul 21, 2021 5:51pm Jul 21, 2021 5:51pm
I'm not a FAN of Trend line but when it confluence with my Equilibrium Zone; it can be very useful.

Note: Trend Line are best drawn from the winks... Add this to your Archive


BigNumbers
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  • #611,349
  • Jul 21, 2021 6:02pm Jul 21, 2021 6:02pm
Quoting pipcenturion
I expect a sell from 1.3723 to 1.3652 Then renewed buying until 1.3803
I have a similar view as yours. However, my target is further out. See this post.
Learn from your mistakes and march on.
  • #611,350
  • Jul 21, 2021 6:13pm Jul 21, 2021 6:13pm
5th wave on bearish direction has been reached
3725 Potential Bearish Bat pattern on WS 61.8 for correction
Daddy, Brother, Lover, Little Boy
  • #611,351
  • Jul 21, 2021 6:44pm Jul 21, 2021 6:44pm
anyone seeing usd appreciation potential ? calendar showing red, sterling, yen and us$ (minor) the only major data tonight being euro could possibly show direction/sentiment, pa drowning in noise at the moment, not ideal for traders, but definitely seeing usd appreciation forming, whether any grunt or yet to show, happy to snipe and/or sit on the sidelines
If you are new to Forex? Say Goodbye to your account!!
  • #611,352
  • Jul 21, 2021 6:51pm Jul 21, 2021 6:51pm
Quoting KiwiTrada
anyone seeing usd appreciation potential ? calendar showing red, sterling, yen and us$ (minor) the only major data tonight being euro could possibly show direction/sentiment, pa drowning in noise at the moment, not ideal for traders, but definitely seeing usd appreciation forming, whether any grunt or yet to show, happy to snipe and/or sit on the sidelines
watching gold au nu until brit open, have small shorts with 13 pip sl,s gold 1803 nu 6966 au 7357 all on 4 hrly dojis, now I wait
If you are new to Forex? Say Goodbye to your account!!
  • #611,353
  • Jul 21, 2021 7:18pm Jul 21, 2021 7:18pm
Today have a shorty @1.37200
As trade plan must follow the plan. Let it flow. Last day candle engulf but . . If you notice the volume again. Its same like last day when price reverse doing hunt. This daily candle have something inside it
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #611,354
  • Jul 21, 2021 7:43pm Jul 21, 2021 7:43pm
Quoting KiwiTrada
{quote} watching gold au nu until brit open, have small shorts with 13 pip sl,s gold 1803 nu 6966 au 7357 all on 4 hrly dojis, now I wait
dxy on 92.8 should support rbs I think, it could bounce back might be
I shorted nu too just for small tp
btw I thought this thread only GU but I saw few postings also another pairs including gold, is it ok since I can not find an active thread for gold
my bad as I am a newcomer to this FF forum
Hope everyone gets green pips
  • #611,355
  • Jul 21, 2021 7:56pm Jul 21, 2021 7:56pm
Quoting anubieonly
{quote} dxy on 92.8 should support rbs I think, it could bounce back might be I shorted nu too just for small tp btw I thought this thread only GU but I saw few postings also another pairs including gold, is it ok since I can not find an active thread for gold my bad as I am a newcomer to this FF forum
welcome to thread, yes it is cable thread, but you would be silly to focus on one pair, both usd and gbp can be influenced by many other factors which need to be considered, when cable is dead, dosent mean she isnt preparing for a move, cable 4hr had nice 4hr doji too, but asia pacific is more suited to exotics and gold hence my post, dix also had nice bullish doji, cad inside bar, euro doji even geppy had nice bearish doji so I was seeing usd appreciation probably geppy was best option again asia pacific session also suit yen trades, things looking quite good actually time to reduce sl risk to 7 pips further movement could reduce to 5pips, breakeven is not option yet
If you are new to Forex? Say Goodbye to your account!!
  • #611,356
  • Jul 21, 2021 8:03pm Jul 21, 2021 8:03pm
Quoting KiwiTrada
{quote} welcome to thread, yes it is cable thread, but you would be silly to focus on one pair, both usd and gbp can be influenced by many other factors which need to be considered, when cable is dead, dosent mean she isnt preparing for a move, cable 4hr had nice 4hr doji too, but asia pacific is more suited to exotics and gold hence my post, dix also had nice bullish doji, cad inside bar, euro doji even geppy had nice bearish doji so I was seeing usd appreciation probably geppy was best option again asia pacific session also suit yen trades, things...
Great mate, thank u for infromation
happy green pips to all
Hope everyone gets green pips
  • #611,357
  • Edited 8:47pm Jul 21, 2021 8:35pm | Edited 8:47pm
the retrace is here
only 13 $ floating loss right from 80 at the peak.
i believe i will come out with profit in those trades , mostly because of gold
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yes yes yes
  • #611,358
  • Jul 21, 2021 8:44pm Jul 21, 2021 8:44pm
Quoting Moty
{image}{image}{image}{image}{image} the retrace is here only 13 $ floating loss right from 80 at the peak. i believe i will come out with profit in those trades , mostly because of gold
mate recheck your gold chart, you rising tl is rubbish, the easiest buy ever was 1794 96, previous 4hr low, I didnt get it, because a was micromanaging shorts, that now becomes bench mark for bears, break or bounce ?
If you are new to Forex? Say Goodbye to your account!!
  • #611,359
  • Jul 21, 2021 8:45pm Jul 21, 2021 8:45pm
Quoting Madanmohanca
Hi All, Good Morning! Last couple of day's Both GBPUSD and GOLD shows down trend no sign for up trend both travelling in similar. Real up trend for GBPUSD is above 1.37444 and for Gold 25.30249 if it breaks 1.35385 we can see more bloodbath and in gold 24.82437 I'm holding long in both scrip it need to bullback at least the near to above level then it need to go down because last few days it was not touching the pivot point, so I confident it will bullback {image} {image}

Hi All,

Good Morning !
As per analysis GBPUSD bull back has done yesterday, Still it was in bearish trend until in cross over and close above 1.37447.

If any one is planning to go short
1. wait for rejection 1.37447
2. close below 1.36835
you will see good movement, in between gab it's trap.

if it's down trend we can see 1.36597 --->1.36280-->1.35917 ---->1.35316 are targets and reversible area's

for uptrend it need to break the resistance zone 1.37253 to 1.37447 then we can see 1.37970 and more

My view it will move down then follow the up move

Trade Safe
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  • #611,360
  • Jul 21, 2021 8:47pm Jul 21, 2021 8:47pm
quick scalp for 15 pips
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yes yes yes
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