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Cable Update (GBPUSD)

  • #611,821
  • Jul 23, 2021 8:21am Jul 23, 2021 8:21am
Always better to look at the bigger picture

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 55 KB
Follow The Markets Structure - Patience and Discipline
  • #611,822
  • Jul 23, 2021 8:22am Jul 23, 2021 8:22am
Quoting gatenio
So.. im the only bear?
hold on gatenio
I am looking to sell

closed everything in the morning before leaving with small profit..,

probably today is chaotic day.., not up neither down
let's see
dolce vita
  • #611,823
  • Jul 23, 2021 8:24am Jul 23, 2021 8:24am
gj didn't come to DPP yet
they (cable & gj) could go down
???
dolce vita
  • #611,824
  • Jul 23, 2021 8:24am Jul 23, 2021 8:24am
Quoting babayaga
{quote} hold on gatenio I am looking to sell closed everything in the morning before leaving with small profit.., probably today is chaotic day.., not up neither down let's see
weekly candle will stay like that ?
not sure.

idk really, waiting
  • #611,825
  • Jul 23, 2021 8:24am Jul 23, 2021 8:24am
Quoting navk
my long entry 3761. stop 3748 TP 3850 for today
1.3850?you think it will go there its need to break some R
I don't know if at this part of the day it have enough vol for that.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #611,826
  • Jul 23, 2021 8:26am Jul 23, 2021 8:26am
Quoting pipfarm
{quote} 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
Its my calculation for daily range target. Maybe upper maybe lower. But its around it
  • #611,827
  • Jul 23, 2021 8:27am Jul 23, 2021 8:27am
4H pattern is quite strong
let's see if she manage to go up.., to me 1.3780 to break up in this case
dolce vita
  • #611,828
  • Jul 23, 2021 8:27am Jul 23, 2021 8:27am
Quoting gatenio
{quote} weekly candle will stay like that ? not sure. idk really, waiting
Im waiting for news . My sell still in. Will see if SL or TP is hit by these friday. I love friday price up down so easier

I believe in volume trading. All up its back to ground thats gravity xD
Lets wait for a little moment for the friday sell off before market close. Time still long to take
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #611,829
  • Jul 23, 2021 8:28am Jul 23, 2021 8:28am
It's not easy to break yesterday's high
Daddy, Brother, Lover, Little Boy
  • #611,830
  • Jul 23, 2021 8:28am Jul 23, 2021 8:28am
Attached Image (click to enlarge)
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yes yes yes
  • #611,831
  • Jul 23, 2021 8:29am Jul 23, 2021 8:29am
Quoting babayaga
4H pattern is quite strong let's see if she manage to go up.., to me 1.3780 to break up in this case
what pattern?
  • #611,832
  • Jul 23, 2021 8:32am Jul 23, 2021 8:32am
Quoting gatenio
{quote} what pattern?
"double" inside bars.., 55-77 range
just look at...

P.S. and another one at the left adds more...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicro-h4-xm-global-limited.png Size: 36 KB
dolce vita
  • #611,833
  • Edited 8:57am Jul 23, 2021 8:36am | Edited 8:57am
the best bet for me before the market closes is for bears to take over and the price should go down at most to lower 0.382 FIB at 1.37187 or 0.50 FIB at 1.36685 using the 4hr chart. This is likely if USD posts higher than expected PMI results.
If its lower than expected then we should expect the cable to possibly break resistance at 1.37852 and 1.38037. Asides from that there isn't any positive momentum expected to push the pair much higher than 1.37783.

Lets see what Mr. Market has for us. am all bear at the moment.


As of the time of writing, PMI results are mixed, hoping the price gets to 1.37391.
  • #611,834
  • Jul 23, 2021 8:41am Jul 23, 2021 8:41am
It's been a good day.. My Overview

Respect to PAT CHIKO & PIPFARM
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My telegram: https://t.me/avidforex
  • #611,835
  • Jul 23, 2021 8:41am Jul 23, 2021 8:41am
Quoting Ihlas
Bear guys bear
Not bad for the beginning
  • #611,836
  • Jul 23, 2021 8:41am Jul 23, 2021 8:41am
Quoting babayaga
{quote} "double" inside bars.., 55-77 range just look at... P.S. and another one at the left adds more... {image}
Your 4h chart look weird..
there is bearish 4h engulf too.. right on the fe 261.8
  • #611,837
  • Jul 23, 2021 8:43am Jul 23, 2021 8:43am
Quoting Ihlas
{quote} Not bad for the beginning
i want this hour or the next below 3735.
reachable
  • #611,838
  • Jul 23, 2021 8:45am Jul 23, 2021 8:45am
Quoting Almo2312
{quote} 1.3850?you think it will go there its need to break some R I don't know if at this part of the day it have enough vol for that.
Today Adr high would be around 3827.

I am considering friday. So, I may book profit around 3810
Intraday only.
  • #611,839
  • Jul 23, 2021 8:47am Jul 23, 2021 8:47am
US data good but not much effect on price
Insane in the Brain..
  • #611,840
  • Jul 23, 2021 8:48am Jul 23, 2021 8:48am
Quoting gatenio
{quote} i want this hour or the next below 3735. reachable
IDK if it will below 3735 but general direction is down. I'm holding positions for 1.36.
1.37 and 1.36
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