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Cable Update (GBPUSD)

  • #617,601
  • Aug 18, 2021 9:15am Aug 18, 2021 9:15am
Very crappy PA, weak bull with no momentum, with this pace I expect price to hit 1.3780-1.38 and reverse hard
  • #617,602
  • Aug 18, 2021 9:23am Aug 18, 2021 9:23am
There is no short opportunity in GU today in hourly chart. Though 4hr and daily shows bears.

In a 5min or 15 min chart , one can scalp a bit according to me.

yesteday was a huge day in hourly.
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Intraday only.
  • #617,603
  • Aug 18, 2021 9:39am Aug 18, 2021 9:39am
Quoting navk
There is no short opportunity in GU today in hourly chart. Though 4hr and daily shows bears. In a 5min or 15 min chart , one can scalp a bit according to me. yesteday was a huge day in hourly. {image} {image}

in 20 minute if price closes below 1.3758 or below. I think u have a sell
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  • #617,604
  • Aug 18, 2021 9:40am Aug 18, 2021 9:40am
i think 1.3771 can push it down to 1.3622 not sure very tight stop 20 pips
  • #617,605
  • Aug 18, 2021 9:43am Aug 18, 2021 9:43am
Quoting nAVIN2007
{quote} in 20 minute if price closes below 1.3758 or below. I think u have a sell {image}
For me, I consider 4hr open.

Another 2.5 hrs to go to see if there is short.

I want to see a 4hr resistance + Spike towards resistance in 5 min chart for short entry.

OR

Atleast I want to see and confirm hourly resistance at daily pivot.
Intraday only.
  • #617,606
  • Aug 18, 2021 9:43am Aug 18, 2021 9:43am
Quoting Tekin
i think 1.3771 can push it down to 1.3622 not sure very tight stop 20 pips

if prices closes where i suggested u can have a very small stop.. it is actually a great entry point
  • #617,607
  • Edited 10:04am Aug 18, 2021 9:44am | Edited 10:04am
Quoting navk
{quote} For me, I consider 4hr open. Another 2.5 hrs to go to see if there is short. I want to see a 4hr resistance + Spike towards resistance in 5 min chart for short entry.

lets see how it plays out

EDit - triggered
  • #617,608
  • Aug 18, 2021 9:51am Aug 18, 2021 9:51am
Out of everything for now see how it looks tomorrow

I don't see DXY breaking 93.2 easily unless there is a huge equity sell off

I see us making it down to 1.36 at some point I'll need to see this demand cleared and a retrace to new supply

Good scalping day
  • #617,609
  • Aug 18, 2021 9:53am Aug 18, 2021 9:53am
Quoting mysterio
Out of everything for now see how it looks tomorrow I don't see DXY breaking 93.2 easily unless there is a huge equity sell off I see us making it down to 1.36 at some point I'll need to see this demand cleared and a retrace to new supply
Agreed basically.

Let us see how FOMC minutes plays and daily close.
Intraday only.
  • #617,610
  • Aug 18, 2021 9:57am Aug 18, 2021 9:57am
Load another long 1.3748
avg long 1.374
  • #617,611
  • Aug 18, 2021 9:57am Aug 18, 2021 9:57am
Quoting mysterio
Out of everything for now see how it looks tomorrow I don't see DXY breaking 93.2 easily unless there is a huge equity sell off I see us making it down to 1.36 at some point I'll need to see this demand cleared and a retrace to new supply Good scalping day

All in the charts bro...watch it fly!!
  • #617,612
  • Aug 18, 2021 9:59am Aug 18, 2021 9:59am
Quoting Bigbul
{quote} its mean you close your trade,,therefore price go up,,
No

It doesn't work that way.
Price is compressing now.

If you're not sure which way to trade and why to , better wait until it is all clear for your system to give it a go.

It is safer that way.

Stay positive and Safe Trade.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,613
  • Aug 18, 2021 10:04am Aug 18, 2021 10:04am
SELL GU/AU

PA- Bulls are exhausted. Bears are dancing.

Trade with care
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Fools Rushing
  • #617,614
  • Aug 18, 2021 10:07am Aug 18, 2021 10:07am
Quoting nAVIN2007
{quote} All in the charts bro...watch it fly!!
You think up? Am inclined to agree. I had a pretty good day though and rarely have luck entering trades late London. What do you see ? Sorry if posted already

I see retail is heavily long which leads me to think the FOMC will blast us further down, they usually manipulate price against retail

But I don't wanna gamble unless I have a clear setup for now. Actually seeing a rising wedge which implies down but no more for me today
  • #617,615
  • Aug 18, 2021 10:09am Aug 18, 2021 10:09am
3772/3780 is for bulls.

I do not see above these levels today.

Having said, if these levels are broken...then into bullish area
Intraday only.
  • #617,616
  • Aug 18, 2021 10:15am Aug 18, 2021 10:15am
Quoting mysterio
{quote} You think up? Am inclined to agree. I had a pretty good day though and rarely have luck entering trades late London. What do you see ? Sorry if posted already I see retail is heavily long which leads me to think the FOMC will blast us further down, they usually manipulate price against retail But I don't wanna gamble unless I have a clear setup for now. Actually seeing a rising wedge which implies down but no more for me today
what i am saying is USD is the currency to buy...everything against it is finished..
USD trend is up

unless u Hancock u ain't stopping it..lol
  • #617,617
  • Aug 18, 2021 10:15am Aug 18, 2021 10:15am
Quoting mysterio
Out of everything for now see how it looks tomorrow I don't see DXY breaking 93.2 easily unless there is a huge equity sell off I see us making it down to 1.36 at some point I'll need to see this demand cleared and a retrace to new supply Good scalping day
dxy 94 and 96
MY OPINION NOT FINANCIAL ADVISE
  • #617,618
  • Aug 18, 2021 10:16am Aug 18, 2021 10:16am
I have shorted Gbpusd on weekly and 4 hour chart
  • #617,619
  • Aug 18, 2021 10:17am Aug 18, 2021 10:17am
The trade i was talking about..there is your 10 pips with practically nothing for a stop
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  • #617,620
  • Aug 18, 2021 10:19am Aug 18, 2021 10:19am
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MY OPINION NOT FINANCIAL ADVISE
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