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Cable Update (GBPUSD)

  • #617,901
  • Aug 19, 2021 4:28am Aug 19, 2021 4:28am
there has been flight to franc and yen, not usd yet, stirling was pounded gold in rally - for now, somethings up with us$ cant find anything cyber space, maybe market panic jitters, cable in fall pullback fall pullback mode, watch her plunge if/when usd$ kicks in!!!
If you are new to Forex? Say Goodbye to your account!!
  • #617,902
  • Edited 4:39am Aug 19, 2021 4:29am | Edited 4:39am
Quoting BeeTogether
Ok first area of possible buys although this is the top end so it might reject and a further drop towards 136
We have an ADR/S3 combo, IF price made a nice upthrust I'd think about buying a retrace but not crazy about it

Will wait for now, green zone is more interesting

Everything very RED today

If I can get a buy down at 1.36 area then i'd consider going hard and letting some run for a swing buy
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  • #617,903
  • Aug 19, 2021 4:32am Aug 19, 2021 4:32am
Quoting MTF Test
{quote} It Just beautiful. Bravo !.. Patience pay off. I like your chart man. Clean
MTF Test, thanks man, you are a hard worker trader and never give up
Quoting mysterio
{quote} Congrats
mysterio, thank you, I'm just lucky now lol, btw you are one of the best TA here, nice one, cheers
Daddy, Brother, Lover, Little Boy
  • #617,904
  • Aug 19, 2021 4:33am Aug 19, 2021 4:33am
Took long on support 1.36685
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yes yes yes
  • #617,905
  • Aug 19, 2021 4:35am Aug 19, 2021 4:35am
Quoting Moty
Took long on support 1.36685 {image}
With you, but @ 1.3676
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  • #617,906
  • Aug 19, 2021 4:36am Aug 19, 2021 4:36am
Looking good
Patient pays
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yes yes yes
  • #617,907
  • Aug 19, 2021 4:37am Aug 19, 2021 4:37am
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  • #617,908
  • Aug 19, 2021 4:39am Aug 19, 2021 4:39am
Quoting BeeTogether
Can’t see much on the 4H except more down side {image}
There is Support on the Weekly - No need of complicating life
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  • #617,909
  • Aug 19, 2021 4:39am Aug 19, 2021 4:39am
Quoting Moty
Looking good Patient pays {image}
Havent seen your hammer since a while we need you to use it to push $ down
  • #617,910
  • Aug 19, 2021 4:39am Aug 19, 2021 4:39am
Playing out... Research paying off. We move.
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Data + Stat + Risk/Emotions Management
  • #617,911
  • Aug 19, 2021 4:40am Aug 19, 2021 4:40am
Quoting iqyu5an
Any idea for GBP / AUD broh ?
Not sure who you Question is directed to
But this would be my view
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  • #617,912
  • Aug 19, 2021 4:41am Aug 19, 2021 4:41am
Quoting Georginson
Playing out... Research paying off. We move. {image}
Hats off Sir
  • #617,913
  • Aug 19, 2021 4:43am Aug 19, 2021 4:43am
Quoting AlfieSolomon
{quote} Hats off Sir
Thanks Mate...
Data + Stat + Risk/Emotions Management
  • #617,914
  • Aug 19, 2021 4:49am Aug 19, 2021 4:49am
LONG 1.3680 no tp no sl
  • #617,915
  • Aug 19, 2021 4:49am Aug 19, 2021 4:49am
Quoting mysterio
{quote} We have an ADR/S3 combo, IF price made a nice upthrust I'd think about buying a retrace but not crazy about it Will wait for now, green zone is more interesting Everything very RED today If I can get a buy down at 1.36 area then i'd consider going hard and letting some run for a swing buy {image}
didn't have the dly S3 (3656 here with mthly S1) but had the adr with price at the lo ? 106% 30day adr and beyond 76.4% downside extension of y.day's daily candle and that 76.4% 3572-3983, so I guess a pullback was probable after such a straight line move off London forex open.
Trader with an Edge.
  • #617,916
  • Aug 19, 2021 4:52am Aug 19, 2021 4:52am
Quoting Headland
{quote} didn't have the dly S3 (3656 here) but had the adr with price at the lo ? 106% 30day adr and beyond 76.4% downside extension of y.day's daily candle and that 76.4% 3572-3983, so I guess a pullback was probable after such a straight line move off London forex open.
Yeah I ended up sneaking 10 pips scalp buy, I tried to stop myself but my hand just went for it

Would maybe buy again if it comes down for the low, maybe.

The ADR/confluence setup was pointed out by you and Coreg I think so thanks

This agrees with my S3 btw: https://www.actionforex.com/markets/...points/gbpusd/ However IG shows a higher price

We are at the moment of truth for DXY too, top of the range
  • #617,917
  • Aug 19, 2021 4:53am Aug 19, 2021 4:53am
Where from here? 1.385
  • #617,918
  • Aug 19, 2021 4:54am Aug 19, 2021 4:54am
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Using Chaos to Finding Order
  • #617,919
  • Aug 19, 2021 4:55am Aug 19, 2021 4:55am
Strong support
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  • #617,920
  • Aug 19, 2021 4:55am Aug 19, 2021 4:55am
Bulls are gathering!!!
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Don't trade what you think. Just what you see!!!
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