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Cable Update (GBPUSD)

  • #618,021
  • Aug 19, 2021 8:42am Aug 19, 2021 8:42am
try long -4p risk from the diamond
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Daddy, Brother, Lover, Little Boy
  • #618,022
  • Aug 19, 2021 8:45am Aug 19, 2021 8:45am
GJ BUY @Strong Support level.
Fresh and running.
post again In few hours time
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My telegram: https://t.me/avidforex
  • #618,023
  • Aug 19, 2021 8:48am Aug 19, 2021 8:48am
Quoting fxmasterdxb
{quote} Long 1.3680 {image}
Out +2, no momentum yet
might consider buying lower
  • #618,024
  • Aug 19, 2021 8:49am Aug 19, 2021 8:49am
Quoting Moty
Double bottom at 1.36685{image}
you are seeing it correctly Moti.

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Intraday only.
  • #618,025
  • Aug 19, 2021 8:51am Aug 19, 2021 8:51am
GU is warming up for STRONG BUY confirmation on a HIGHER TIME FRAME NO CAP!!
STAY PUT
My telegram: https://t.me/avidforex
  • #618,026
  • Aug 19, 2021 8:53am Aug 19, 2021 8:53am
GJ BUY
Trade looking beautiful... Good Thursday

waiting to click the buy botton on GU
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  • #618,027
  • Aug 19, 2021 8:55am Aug 19, 2021 8:55am
Quoting mysterio
{quote} I'd say unlikely today, if we get a good reaction from ADR and it comes down to retest and holds then its likely to be the low of the day Could be wrong, watch the TL {image}
I saw a demand zone at 3721 in Asia, 3700 in London, all I do not trust.

This number 3665 I trust 80 %.

Let us watch.
Intraday only.
  • #618,028
  • Aug 19, 2021 8:58am Aug 19, 2021 8:58am
Quoting Pat Chiko
{quote} There is time to go long,............. time to go short............ ...........and time to go fishing. That is fishing ground for liquidity, as retail buyer came in after 1.3666, stop just below it. Just read from this thread alone, how many are buying. Why they are buying ?.Where's their stop ? Here's my point on this, If I know where the bulk of the retail stops are, I should be able to take advantage of that price and play toward it. You know ( Institutional Traders/Broker) knows where retail enter and placed their stop. It is just matter...

how can you tell where retail trader get in?

you must be an insider.
MY OPINION NOT FINANCIAL ADVISE
  • #618,029
  • Aug 19, 2021 9:03am Aug 19, 2021 9:03am
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  • #618,030
  • Aug 19, 2021 9:05am Aug 19, 2021 9:05am
Quoting navk
{quote} I saw a demand zone at 3721 in Asia, 3700 in London, all I do not trust. This number 3665 I trust 80 %. Let us watch.
Good-- I just closed out 20 pips/3xR. The zones you mentioned were all m5 supply zones to me? (little bases followed by drops)

The ADR, daily S3, and I notice now an h1 support made it a solid high probability buy. Because I missed out in this mornings drop I actually bought and sold every leg of this double bottom gotta catch up, done for the day now
  • #618,031
  • Aug 19, 2021 9:07am Aug 19, 2021 9:07am
... just updating charts, current lo of the day @ that 76.4% 3572-3983 has held with a bounce on a retest (so far.) This is now a prev 1hr sw lo zone = prev supp = pot supp. This and the a prev 1hr sw hi @ the current pullback hi are the 2 main obstacles for further price movement atm. 1hr below.
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Trader with an Edge.
  • #618,032
  • Edited 9:35am Aug 19, 2021 9:18am | Edited 9:35am
I think is a W with retrace leg could pop now

Wont take it as secured target for the day

1.36-1.3620 remains optimal buy spot

Edit- sorry not sure about this W now as it's pushed past the fib retracements of the last leg, might be a false TL break

Wait to see what tomorrow holds-- I hope now to get down to my preferred buy area for Friday
Attached Image (click to enlarge)
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  • #618,033
  • Aug 19, 2021 9:23am Aug 19, 2021 9:23am
I check the weekly analysis.. Price was meant to break this support level but not this week...
I see the weekly candle rejecting; maybe next we'll break the support level...
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  • #618,034
  • Aug 19, 2021 9:24am Aug 19, 2021 9:24am
Quoting Moty
Double bottom at 1.36685{image}
Reversal after a long dat of selling is a bad a idea
  • #618,035
  • Aug 19, 2021 9:34am Aug 19, 2021 9:34am
Quoting Pat Chiko
{quote} There is time to go long,............. time to go short............ ...........and time to go fishing. That is fishing ground for liquidity, as retail buyer came in after 1.3666, stop just below it. Just read from this thread alone, how many are buying. Why they are buying ?.Where's their stop ? Here's my point on this, If I know where the bulk of the retail stops are, I should be able to take advantage of that price and play toward it. You know ( Institutional Traders/Broker) knows where retail enter and placed their stop. It is just matter...
how do you decide where to put SL's ?
  • #618,036
  • Aug 19, 2021 9:35am Aug 19, 2021 9:35am
The dollar has demonstrated his strength on USDCAD by breaking the extreme resistance...
We'll see that happen in GU but it shouldn't be this week...
Today is Thursday...
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  • #618,037
  • Aug 19, 2021 9:37am Aug 19, 2021 9:37am
SHORT 1.3670 no tp no sl
  • #618,038
  • Aug 19, 2021 9:44am Aug 19, 2021 9:44am
Quoting Waveskierrob
SHORT 1.3670 no tp no sl
You again... Try buy.. No tp no sl
  • #618,039
  • Aug 19, 2021 9:44am Aug 19, 2021 9:44am
Quoting navk
{quote} I saw a demand zone at 3721 in Asia, 3700 in London, all I do not trust. This number 3665 I trust 80 %. Let us watch.
May be GU going to Monthly S1 1.3650

ServerUang

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  • #618,040
  • Aug 19, 2021 9:49am Aug 19, 2021 9:49am
The larger time frames are all bearish
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