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Cable Update (GBPUSD)

  • #616,121
  • Aug 12, 2021 10:38am Aug 12, 2021 10:38am
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  • #616,122
  • Aug 12, 2021 10:45am Aug 12, 2021 10:45am
The Dollar index chart shows that Prices have gotten to the SBR... If the level holds and price start dropping... GU can start buying almost immediately.
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My telegram: https://t.me/avidforex
  • #616,123
  • Aug 12, 2021 10:45am Aug 12, 2021 10:45am
Quoting babayaga
{quote} sorry, but I do not look at USD index thank you any way I look at oil, gold, few pairs.., and mostly at the chart I am a "chart addict" person happy trading 2U2

I trade only eurusd and gbpusd and once in a while take a peep at other majors and crosses and index to determine strength vs weakness to build confidence. Helps with mindset
Enjoy your trading
  • #616,124
  • Aug 12, 2021 11:00am Aug 12, 2021 11:00am
It seemed BUYERS are around the corner. As per the current situation above 38365 would be for buyers.

Tight SL is the key here. Remember , Its a counter trend entry.

Good Piping buyers. !
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Fools Rushing
  • #616,125
  • Aug 12, 2021 11:01am Aug 12, 2021 11:01am
Quoting Otiken
{image}
That's heavy
  • #616,126
  • Aug 12, 2021 11:03am Aug 12, 2021 11:03am
Quoting MTF Test
It seemed BUYERS are around the corner. As per the current situation above 38365 would be for buyers. Tight SL is the key here. Remember , Its a counter trend entry. Good Piping buyers. ! {image}
We are here already boss
  • #616,127
  • Aug 12, 2021 11:03am Aug 12, 2021 11:03am
Quoting BigNumbers
The Dollar index chart shows that Prices have gotten to the SBR... If the level holds and price start dropping... GU can start buying almost immediately. {image}

We will see what happens but the way I see it is that dollar index is strong probably the above level will limit the strength while GBP index slightly week and currently in a distribution. Soon the dollar index will enter distribution phase allowing the GBP to lead the pair and which direction in the short term is what I don't know but based on the impulse of the pair from 1 38000 area to 1.38800, I believe the pair will snap back to 1.3800 before seeking new direction.
Meanwhile no matter what we think we know we could still be wrong. Price will always be the king of this game. It leads and we follow at best we can...,..
Trade well mate
  • #616,128
  • Aug 12, 2021 11:10am Aug 12, 2021 11:10am
Quoting TopTT
{quote} Aaah Baby I missed u so much Anyway you are right its a very hot bear party it seems Targets are 1.3765 - 1.3767 Let see how it goes I will show you screenshots of it later when I get promoted HaHa
LoL not tonight Josephine, but it’s gonna drop even lower! Never a dull moment in this thread… something always comes out of the woodwork… new member, eh? Have they not sussed out your IP ads as yet??
Did you place your stop loss order? Why not?!? Story of my life...
  • #616,129
  • Aug 12, 2021 11:10am Aug 12, 2021 11:10am
[quote=littspaniard;13665303]{quote}... beautiful trade

I also find it beautiful..,
pure beauty

P.S. added sell.., ready to close everything manually
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dolce vita
  • #616,130
  • Aug 12, 2021 11:11am Aug 12, 2021 11:11am
Quoting Nd10
{quote} We are here already boss
Hope thats not too early. I m not been negative here though, Reckon to wait for 4H Close since pair strongly moving towards 37800.
However u r in. Good Luck buddy!
Fools Rushing
  • #616,131
  • Aug 12, 2021 11:13am Aug 12, 2021 11:13am
On the hour bars, pin bar is formed probable holding sellers
On the 5min chart price is at the upper band area
Let's watch sellers will give way for buyers
  • #616,132
  • Aug 12, 2021 11:18am Aug 12, 2021 11:18am
Quoting Nd10
{quote} That's heavy

No, it's not , I have much more muscle.......
All in all even if price is spooked and it run away below 1.38000 I will only be 2% of my capital so I'm save preservation of capital in case my my bias is wrong ......
  • #616,133
  • Aug 12, 2021 11:18am Aug 12, 2021 11:18am
The sell was amazing tbh... I think it's almost time for the bulls
  • #616,134
  • Aug 12, 2021 11:20am Aug 12, 2021 11:20am
Quoting Moty
i upload this scenario in the morning this is how the crooks works , false break , over extended reversal , then a follow up {image}
Moty, I don't blame them. I don't take countertrade after HH is made until abc is completed in 50-78.6% retracement zone. Yeah, sometimes after shallow ret. I chase the entry. It will be a biatch to go thru the first zone. Let's see how it unfolds.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #616,135
  • Aug 12, 2021 11:24am Aug 12, 2021 11:24am
GBPUSD ordinarily should be going up; GBP Must be very weak.
Others USD pairs are reacting positively
My telegram: https://t.me/avidforex
  • #616,136
  • Aug 12, 2021 11:25am Aug 12, 2021 11:25am
buyers&sellers
are
stuck

dolce vita
  • #616,137
  • Aug 12, 2021 11:27am Aug 12, 2021 11:27am
Watch 1.3814
  • #616,138
  • Aug 12, 2021 11:36am Aug 12, 2021 11:36am
Quoting LvMMT
Hi everybody, as I saw today. {image} God bless everyone!
Maybe fall...

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God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #616,139
  • Aug 12, 2021 11:36am Aug 12, 2021 11:36am
gbpjpy
  • #616,140
  • Aug 12, 2021 11:38am Aug 12, 2021 11:38am
I do not expect 1.38 ( today ADR LOW) now.., but could be
but at least 1.3817
?
already closed almost everything but few
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dolce vita
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