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Cable Update (GBPUSD)

  • #612,721
  • Jul 28, 2021 2:28pm Jul 28, 2021 2:28pm
Half closed.. half at BE. hourly closed inside my level... could this fall from here? Maybe yes.. because i have one confirmation... lets see
  • #612,722
  • Jul 28, 2021 2:31pm Jul 28, 2021 2:31pm
Quoting Georginson
{quote} Wait and see mode... I will requote your post in days ahead... Cheers.
i will wait for that!! be safe
My Currency is Urgency
  • #612,723
  • Jul 28, 2021 2:32pm Jul 28, 2021 2:32pm
Quoting Georginson
{quote} The market needed to shake off weak bears, still not expecting this price to exceed 1.3940 before massive crash to 1.3446 in days ahead.

I wish!! ..no seriously..
I cannot believe this thing is acting like its reversed
  • #612,724
  • Jul 28, 2021 2:34pm Jul 28, 2021 2:34pm
Quoting Georginson
{quote} The market needed to shake off weak bears, still not expecting this price to exceed 1.3940 before massive crash to 1.3446 in days ahead.
good R:R, bad conditions.
since yesterday pop above 1.383/4 something is really shady, that is why i took a break for a while from gu.
Short-midterm, i dont know what it want.
and i dont take even a scalp if i dont have a target on my mind.
  • #612,725
  • Jul 28, 2021 2:36pm Jul 28, 2021 2:36pm
Don’t feel sad for the bear boats, their tide will come.
Not trading FOMC - too crazy.
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  • #612,726
  • Jul 28, 2021 2:38pm Jul 28, 2021 2:38pm
I'm holding my sell position.. Prices will drop
My telegram: https://t.me/avidforex
  • #612,727
  • Jul 28, 2021 2:42pm Jul 28, 2021 2:42pm
short added but still juggling this top
  • #612,728
  • Jul 28, 2021 2:45pm Jul 28, 2021 2:45pm
At the current volatility, the probability of seeing 1.36 before August 6th is the same as 1.42 - insignificant, less than 5%. Not much greater in weeks after. Just saying.
Imo, range 1.37xx - 1.39xx next 7 trading days. Maybe something extraordinary will happen? Want to believe
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Air force
  • #612,729
  • Jul 28, 2021 2:45pm Jul 28, 2021 2:45pm
Quoting BigNumbers
I'm holding my sell position.. Prices will drop

if it does not reverse im screwed
  • #612,730
  • Jul 28, 2021 2:48pm Jul 28, 2021 2:48pm
Quoting nAVIN2007
{quote} if it does not reverse im screwed
Be careful, GBPUSD both are strong currencies. The best is to avoid trading two strong currencies vs each other. Pick strong currency vs weak currency. Something like GBPJPY is good to trade, GBP is strong and JPY is weak.
  • #612,731
  • Jul 28, 2021 2:53pm Jul 28, 2021 2:53pm
Quoting elbert3
short added but still juggling this top
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mm
  • #612,732
  • Jul 28, 2021 2:53pm Jul 28, 2021 2:53pm
Quoting Techanalyst
{quote} Be careful, GBPUSD both are strong currencies. The best is to avoid trading two strong currencies vs each other. Pick strong currency vs weak currency. Something like GBPJPY is good to trade, GBP is strong and JPY is weak.

thx bro, will try lol
  • #612,733
  • Jul 28, 2021 2:57pm Jul 28, 2021 2:57pm
Quoting nAVIN2007
{quote} if it does not reverse im screwed
It should reverse but it must NOT open above 1.39109... The current 4HR candle is so annoying; I'm hoping to see it turned into a hammer or Doji and form a wick below 1.38900
My telegram: https://t.me/avidforex
  • #612,734
  • Jul 28, 2021 3:02pm Jul 28, 2021 3:02pm
Quoting BigNumbers
{quote} It should reverse but it must NOT open above 1.39109... The current 4HR candle is so annoying; I'm hoping to see it turned into a hammer or Doji and form a wick below 1.38900

agreed!
  • #612,735
  • Jul 28, 2021 3:03pm Jul 28, 2021 3:03pm
going up.. hourly closed above the level..
  • #612,736
  • Jul 28, 2021 3:11pm Jul 28, 2021 3:11pm
Quoting BigNumbers
I'm holding my sell position.. Prices will drop
of course it will drop

it always does

  • #612,737
  • Jul 28, 2021 3:23pm Jul 28, 2021 3:23pm
Bulls have reached their target pretty much, we can expect a sell off soon. 1.39-1.3926 is all supply. It COULD go as high as 1.3955-86 before it happens which is an even stronger area

Not about to call any far away targets I think you have to take this market a bite at a time

But should get a decent intraday drop soon I'm watching DXY to hit demand around 92.1. It is a case of watching the PA to find the right time to pounce

Last thing, GU turning bearish is far from a foregone conclusion for me.. DXY is reacting off of weekly supply with an evening star reversal pattern on the weekly, so with a gun to my head I'd say it's reasonable we can continue higher after a pullback from one of the GU zones-but don't quote me.. not a swing trader
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  • #612,738
  • Jul 28, 2021 3:39pm Jul 28, 2021 3:39pm
Quoting gatenio
{quote} good R:R, bad conditions. since yesterday pop above 1.383/4 something is really shady, that is why i took a break for a while from gu. Short-midterm, i dont know what it want. and i dont take even a scalp if i dont have a target on my mind.
Standing aside isn't a bad idea when there is no clarity... Good decision mate.
Data + Stat + Risk/Emotions Management
  • #612,739
  • Jul 28, 2021 3:47pm Jul 28, 2021 3:47pm
USD looks bearish again
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Compulsions can be hard to resist
  • #612,740
  • Jul 28, 2021 3:48pm Jul 28, 2021 3:48pm
Quoting mysterio
Bulls have reached their target pretty much, we can expect a sell off soon. 1.39-1.3926 is all supply. It COULD go as high as 1.3955-86 before it happens which is an even stronger area Not about to call any far away targets I think you have to take this market a bite at a time But should get a decent intraday drop soon I'm watching DXY to hit demand around 92.1. It is a case of watching the PA to find the right time to pounce Last thing, GU turning bearish is far from a foregone conclusion for me.. DXY is reacting off of weekly supply with an evening...
Sorry, Mysterio, I didn't scroll up to see your post first
Compulsions can be hard to resist
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