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Cable Update (GBPUSD)

  • #616,801
  • Aug 16, 2021 5:19am Aug 16, 2021 5:19am
Quoting Pat Chiko
{quote} you're a very humble person and trader , I ever met. You're very skillful in determining signal strength is too much of a tea leaves reading adventure. You've demonstrate several attempted to beat the odds by taking every signal reasoning that there would be more good than bad. I'm watching your post with great interest, as the most underrated trader in this thread. Sincerly PAT
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  • #616,802
  • Aug 16, 2021 5:23am Aug 16, 2021 5:23am
Quoting Moty
{image}{image}
))good to see my contrarian is long, make sure you have stoploss, dont fight it cable and gold will go down :-)
If you are new to Forex? Say Goodbye to your account!!
  • #616,803
  • Aug 16, 2021 5:27am Aug 16, 2021 5:27am
GU stuck on daily below 1.3877, on weekly and monthly below 1.3890. Base above here is necessary to change bearish view. Below targets still 1.3790s main support, base below will speed weakness.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #616,804
  • Aug 16, 2021 5:30am Aug 16, 2021 5:30am
Quoting Siame
{quote} Aggressive move there by the BULLs. I didn't get the expected rejection to Buyback. I'll be taking a SELL position if we get to .750 (very unlikely) before the London Close. {image}
I've taken a BUY position on the Cable, expecting a retest of Previous Week's High. With the mid-number (.500) still defended, we should see 1.39.

SL at 1.38300
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  • #616,805
  • Aug 16, 2021 5:31am Aug 16, 2021 5:31am
G/M. Probably a good chance that Friday's 3791 lo will turn into a fractal swing lo on the dly t/f today? (would be a L after 2 x LH's on that t/f.) Ie probably a better chance of Friday's lo remaining intact than not given Friday's dly bullish engulf and last week's weekly gravestone/dragonfly doji candle closes.

Meantime, pullback from Fri's hi has seen some bullish hidden div develop on 1hr (@ the pullback lo) after the pullback and an attempt to move higher.

1hr then 4hr below.
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Trader with an Edge.
  • #616,806
  • Aug 16, 2021 5:34am Aug 16, 2021 5:34am
Quoting Siame
{quote} I've taken a BUY position on the Cable, expecting a retest of Previous Week's High. With the mid-number (.500) still defended, we should see 1.39. SL at 1.38300 {image}

We should still see a formation of a new BULLish block before a downward move, coupled with price above the FPV price point.

A Close below 1.38300 invalidates this BULLish idea.
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  • #616,807
  • Aug 16, 2021 5:39am Aug 16, 2021 5:39am
Quoting Waveskierrob
{quote} {image}
  • #616,808
  • Edited 5:51am Aug 16, 2021 5:39am | Edited 5:51am
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yes yes yes
  • #616,809
  • Aug 16, 2021 6:12am Aug 16, 2021 6:12am
Quoting fxmasterdxb
Hello fellow traders, new week and new opportunities! I have mentioned on friday that i will be looking for buy opportunities on a pull back, somewhere in between 1.3850-1.3830, however, no indication of trend continuation yet, I'm actually more inclined to sell GU today, waiting for confirmation of my system. If all goes as planned, I will be selling GU around 1.3860-1.3845.
First small sell taken on 1.3857
  • #616,810
  • Aug 16, 2021 6:24am Aug 16, 2021 6:24am
my levels before fomc

a move down to 3800 and back up to 3850 then if 3850 reject price we should be on our way to 3650...a break above 3850 open 4150.


trade your chart
MY OPINION NOT FINANCIAL ADVISE
  • #616,811
  • Aug 16, 2021 6:24am Aug 16, 2021 6:24am
Quoting fxmasterdxb
{quote} First small sell taken on 1.3857
Second @ 1.3852
  • #616,812
  • Aug 16, 2021 6:26am Aug 16, 2021 6:26am
here is my view
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MY OPINION NOT FINANCIAL ADVISE
  • #616,813
  • Aug 16, 2021 6:31am Aug 16, 2021 6:31am
Quoting Waveskierrob
{quote} {image}
Insane in the Brain..
  • #616,814
  • Aug 16, 2021 6:32am Aug 16, 2021 6:32am
Quoting Moty
{image} {image}
With you on this, 139 will be first target have an auto TP set at 13910
Insane in the Brain..
  • #616,815
  • Aug 16, 2021 6:38am Aug 16, 2021 6:38am
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yes yes yes
  • #616,816
  • Aug 16, 2021 6:45am Aug 16, 2021 6:45am
Quoting LvMMT
Hi folks, I'm short from last week. {image} Good look everybody! God bless everyone!
Long fellas,

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God bless everyone!

Green pips to everybody here!
The only impartial feeling is love. It is also the only feeling of God.
  • #616,817
  • Aug 16, 2021 6:45am Aug 16, 2021 6:45am
Quoting Pat Chiko
Hello everyone. wishing all a very good day looking forward for a good week of trading GU this week. all the best and many green pips to all. New trade for this week with scalping at H4 TF on pullback Warm Regards PAT {image}
Hello PAT
I open 3 buy trade closed 2 with quick and small profit.
Another is running, my tp is your SL.

IMO, 1.39 could be decision point.
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MA provides the market's current direction and strength.
  • #616,818
  • Aug 16, 2021 6:47am Aug 16, 2021 6:47am
Gbpusd I shorted
  • #616,819
  • Aug 16, 2021 7:04am Aug 16, 2021 7:04am
1.38800 hitted . Time to short more
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #616,820
  • Aug 16, 2021 7:08am Aug 16, 2021 7:08am
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yes yes yes
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