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Cable Update (GBPUSD)

  • #611,781
  • Jul 23, 2021 7:15am Jul 23, 2021 7:15am
it looks like something like that
Do more of what works and less of what doesn't
  • #611,782
  • Jul 23, 2021 7:16am Jul 23, 2021 7:16am
pulled out my sells i dont like what i see
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #611,783
  • Jul 23, 2021 7:16am Jul 23, 2021 7:16am
Quoting BeeTogether
Bull trap??
it looks like a bull trap up to 1.38xx. as expected from the GBPUSD pair from time to time it is always manipulated to undermine the psychology of retail traders
  • #611,784
  • Jul 23, 2021 7:18am Jul 23, 2021 7:18am
Quoting KingLi
it looks like something like that
It’s hovering just above the daily pivot area so a chance to dropping is extremely high I think. However if we rise nearer the R1 area which is quite far away at the moment it’s a bullish turn
Insane in the Brain..
  • #611,785
  • Jul 23, 2021 7:19am Jul 23, 2021 7:19am
Quoting ChiForex
GU holding on 1 hour support, needs below 1.3730 to continue down while resistance closing and decreasing to below 1.3755 needs much force to base above, down is matter of time
The force appeared..lol from the same 1 hour chart as you see all candles always opened back above 1.3730, still now they need a close above 1.3757 to target 1.3780 or higher. This appears consolidation, weekly candle to govern.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #611,786
  • Jul 23, 2021 7:21am Jul 23, 2021 7:21am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 39 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 36 KB
yes yes yes
  • #611,787
  • Jul 23, 2021 7:21am Jul 23, 2021 7:21am
Quoting BeeTogether
{quote} It’s hovering just above the daily pivot area so a chance to dropping is extremely high I think. However if we rise nearer the R1 area which is quite far away at the moment it’s a bullish turn
that's to be expected with this manipulation. after he goes up high retail traders will think that the direction of the price is fully up, after a lot like that he will go down and down
  • #611,788
  • Jul 23, 2021 7:28am Jul 23, 2021 7:28am
monggo misuh bareng2,waktu dan tempat dipersilahkan xixixixixixix
  • #611,789
  • Jul 23, 2021 7:30am Jul 23, 2021 7:30am
Quoting pipfarm
Look at daily old support now resistance has been breached with a daily close and that is not any old support, it is the larger degree support ie the bigger abc that we traded short from 3900 {image} then the 4H has made a 5 wave impulse to the upside so it is not corrective as there would of only been three swings up , {image} Looking in a bit further into H1 we can see the impulse clearly and the area that it broke to the upside I would think that the current move down would make three swing down to the 3691-3653 area before reversing back up...

Odds are now this is correct ABC retest up towards 3910 maybe higher
Follow The Markets Structure - Patience and Discipline
  • #611,790
  • Jul 23, 2021 7:33am Jul 23, 2021 7:33am
Quoting pipfarm
{quote} Odds are now this is correct ABC retest up towards 3910 maybe higher
I think higher maybe around, 1.3920
  • #611,791
  • Jul 23, 2021 7:33am Jul 23, 2021 7:33am
Quoting BeeTogether
Bull trap??
it wants to goto 3800 or more..once it broke 3760 area
Intraday only.
  • #611,792
  • Jul 23, 2021 7:38am Jul 23, 2021 7:38am
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 54 KB
yes yes yes
  • #611,793
  • Jul 23, 2021 7:39am Jul 23, 2021 7:39am
Quoting navk
{quote} it wants to goto 3800 or more..once it broke 3760 area
very well done buddy for the heads up before the strike up

cheers
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #611,794
  • Jul 23, 2021 7:40am Jul 23, 2021 7:40am
Quoting corongumet
{quote} I think higher maybe around, 1.3920

Ok lets not argue about 10 pips LOL

3910-20 would be the first leg then 4130 to complete the retest of the weekly break down
Follow The Markets Structure - Patience and Discipline
  • #611,795
  • Jul 23, 2021 7:41am Jul 23, 2021 7:41am
First target 1.3850
Attached Image
  • #611,796
  • Jul 23, 2021 7:41am Jul 23, 2021 7:41am
IG tells us something but need more good source for that
Attached Image (click to enlarge)
Click to Enlarge Name: eb26650c9276e4d3436dfd150d87409b.png Size: 34 KB
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #611,797
  • Jul 23, 2021 7:41am Jul 23, 2021 7:41am
Still waiting for bears..
  • #611,798
  • Jul 23, 2021 7:43am Jul 23, 2021 7:43am
Bear guys bear
  • #611,799
  • Jul 23, 2021 7:44am Jul 23, 2021 7:44am
Quoting Almo2312
IG tells us something but need more good source for that{image}

Is this retail positions?

Most other brokers showing net retail short
Follow The Markets Structure - Patience and Discipline
  • #611,800
  • Jul 23, 2021 7:45am Jul 23, 2021 7:45am
Quoting gatenio
Still waiting for bears..
i think the bears got some beers and got some lazy mood
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
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