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Cable Update (GBPUSD)

  • #611,441
  • Jul 22, 2021 4:37am Jul 22, 2021 4:37am
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come on goldi , same pattern like yesterday
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yes yes yes
  • #611,442
  • Jul 22, 2021 4:38am Jul 22, 2021 4:38am
Quoting gespiri
Once it broke through 1.3725 strongly, my 1.4017 target became moot. {image}
I believe this is still valid. I don't think it will go up higher than these levels.
Lost....
  • #611,443
  • Jul 22, 2021 4:44am Jul 22, 2021 4:44am
Looks like we could be headed higher might be at least another 100 pips move

Check 15 minute trend reversal with current correction having broken and retested
Follow The Markets Structure - Patience and Discipline
  • #611,444
  • Jul 22, 2021 4:44am Jul 22, 2021 4:44am
GBPUSD will change trend from bear to buy it's my view because it was not rejecting (1.37444) past couple of hours


May be I could be wrong

Trade Safe
  • #611,445
  • Jul 22, 2021 4:53am Jul 22, 2021 4:53am
Quoting gespiri
{quote} I believe this is still valid. I don't think it will go up higher than these levels.
The possible high I see for today and this week is 1.3780/91 area, then a big sell from there to 1.35 in days ahead.
Data + Stat + Risk/Emotions Management
  • #611,446
  • Jul 22, 2021 4:55am Jul 22, 2021 4:55am
Quoting kris89
exit my sell , i see 1.38500 first . ill let it flow first . PA and volume increasing for bull today
ill skip today haha , price not quite friendly , whiplash ><
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #611,447
  • Jul 22, 2021 4:58am Jul 22, 2021 4:58am
Quoting pipfarm
Looks like we could be headed higher might be at least another 100 pips move Check 15 minute trend reversal with current correction having broken and retested
And although the Monthly Pivot (1.3954) looks to be at a "Galaxy far-far away", it has not be hit for the month of July.....
  • #611,448
  • Jul 22, 2021 4:59am Jul 22, 2021 4:59am
Quoting Madanmohanca
GBPUSD will change trend from bear to buy it's my view because it was not rejecting (1.37444) past couple of hours May be I could be wrong Trade Safe
Yea I'm with you

DXY heading back down to mid 91s next
  • #611,449
  • Jul 22, 2021 5:02am Jul 22, 2021 5:02am
Quoting Nd10
{quote} Maybe even 1.39
step by step.
still bearish overall.
  • #611,450
  • Jul 22, 2021 5:09am Jul 22, 2021 5:09am
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yes yes yes
  • #611,451
  • Jul 22, 2021 5:18am Jul 22, 2021 5:18am
Time to leave the screen and allow the market to either take out my stop losses or me to come back and adjust stop losses to profit.
  • #611,452
  • Jul 22, 2021 5:21am Jul 22, 2021 5:21am
Quoting gatenio
{quote} step by step. still bearish overall.

Overall bearish but bear in mind , base top for the swing is weekly , single swing down changes nothing so still bullish on weekly , however having broken the prior weekly low means we could be heading into bearish territory , now think how trends are made on swings so i would consider the current move up to be the beginning of a retest , ie B of ABC
Follow The Markets Structure - Patience and Discipline
  • #611,453
  • Jul 22, 2021 5:24am Jul 22, 2021 5:24am
After selling this pair, going to see you next month like this time
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #611,454
  • Jul 22, 2021 5:25am Jul 22, 2021 5:25am
Quoting pipfarm
Looks like we could be headed higher might be at least another 100 pips move Check 15 minute trend reversal with current correction having broken and retested
And there we have it price has made a new high , now who got this one?

personally i decided to go with Gbpjpy , exact same set up as cable

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Follow The Markets Structure - Patience and Discipline
  • #611,455
  • Jul 22, 2021 5:25am Jul 22, 2021 5:25am
Attached Image (click to enlarge)
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yes yes yes
  • #611,456
  • Jul 22, 2021 5:30am Jul 22, 2021 5:30am
the hig broke. I took loss in shorts.

Now will long for 1.3800 today
Intraday only.
  • #611,457
  • Jul 22, 2021 5:36am Jul 22, 2021 5:36am
long 3754.

stop 3725

TP 3800
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Intraday only.
  • #611,458
  • Jul 22, 2021 5:44am Jul 22, 2021 5:44am
Here is the chart of Cable

Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #611,459
  • Jul 22, 2021 5:44am Jul 22, 2021 5:44am
Quoting elbert3
Fake up draw trades in short and then wipe them out
told you sneeeky cable whipped down to the previous day candle which was support , traders going short on the fake ,,i did too but in scalp mode as 3770 area is still on the block t,,the smart money was long on the bottom of the whip
  • #611,460
  • Jul 22, 2021 5:54am Jul 22, 2021 5:54am
One thing the market will always do is to remind you that it's certainly not for the faint hearted.
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