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Cable Update (GBPUSD)

  • #618,721
  • Aug 23, 2021 10:04am Aug 23, 2021 10:04am
Quoting elbert3
{image} {quote} yes as we said George it passed the 1618 fib and it could be over soon as its come up to join the tl {image}
Yes Elbert, it's playing out as we said it... 1.3786 is a key resistance, any reading below it is still bearish.
Data + Stat + Risk/Emotions Management
  • #618,722
  • Aug 23, 2021 10:07am Aug 23, 2021 10:07am
Quoting Georginson
The expected bounce levels are 1.3705 - 1.3730 - 1.3760. as far as price stays below 1.3786, a Bearish move to 1.3516 is imminent in days ahead. Trade with caution.
Agreed

If it moves above 3780 then no, and if it goes above 3750 then chances dwindle, for me
  • #618,723
  • Aug 23, 2021 10:09am Aug 23, 2021 10:09am
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  • #618,724
  • Aug 23, 2021 10:12am Aug 23, 2021 10:12am
Quoting mysterio
{quote} Agreed If it moves above 3780 then no, and if it goes above 3750 then chances dwindle, for me
You are right about bearish chance dwindling above 1.3750 but I clearly see a good short opportunity at every rise as this price will soon crash to 1.3516 in days ahead. I will post the analysis by weekend.
Data + Stat + Risk/Emotions Management
  • #618,725
  • Aug 23, 2021 10:15am Aug 23, 2021 10:15am
now, 3700/3690 for london close.

Then.. retest high
Intraday only.
  • #618,726
  • Aug 23, 2021 10:21am Aug 23, 2021 10:21am
Quoting mizi123
Price is approaching to buying zone... {image}
Good reaction
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  • #618,727
  • Aug 23, 2021 10:27am Aug 23, 2021 10:27am
Institutions/algos (they are liquidity providers, trading mainly with limit orders) exhausted buyers for a whole last week, blocking price. Other way around now? Funny game
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Air force
  • #618,728
  • Aug 23, 2021 10:28am Aug 23, 2021 10:28am
I have load my short with 80% success it will drop
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #618,729
  • Aug 23, 2021 10:29am Aug 23, 2021 10:29am
Inserted Video
not euphoria follower
  • #618,730
  • Aug 23, 2021 10:30am Aug 23, 2021 10:30am
Quoting iqyu5an
https://youtu.be/tfbc4eZAiVQ


it doesnt look like music concert thread
MY OPINION NOT FINANCIAL ADVISE
  • #618,731
  • Aug 23, 2021 10:39am Aug 23, 2021 10:39am
Quoting donfriday
{quote} it doesnt look like music concert thread
Yap just enjoy the bull rally ))
not euphoria follower
  • #618,732
  • Aug 23, 2021 10:41am Aug 23, 2021 10:41am
long term picture
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MY OPINION NOT FINANCIAL ADVISE
  • #618,733
  • Aug 23, 2021 10:44am Aug 23, 2021 10:44am
Quoting iqyu5an
{quote} Yap just enjoy the bull rally ))

enjoy but with caution..let be guided
MY OPINION NOT FINANCIAL ADVISE
  • #618,734
  • Aug 23, 2021 10:44am Aug 23, 2021 10:44am
Yapppzzz
Quoting iqyu5an
Bearish is not over yet as long as 4250 -4300 level strong enough . Possible 750 - 1250 pips drop from the top after +/- 2000 pips bull rally ..... Not really care for 250 - 500 pip volatility #CouldBeWromg
not euphoria follower
  • #618,735
  • Aug 23, 2021 10:47am Aug 23, 2021 10:47am
Quoting donfriday
{quote} enjoy but with caution..let be guided
Absolutely ....

https://www.forexfactory.com/thread/...9#post13678529
not euphoria follower
  • #618,736
  • Aug 23, 2021 10:50am Aug 23, 2021 10:50am
for tomorrow
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yes yes yes
  • #618,737
  • Aug 23, 2021 11:02am Aug 23, 2021 11:02am
100 pip up more tomorrow?
Trend_Masters
  • #618,738
  • Aug 23, 2021 11:11am Aug 23, 2021 11:11am
Quoting pipfarm
Going up , H1 trend reversed , potential target sbr @ 3787
So far so good 65 pips up from my morning post (70 now) and i believe another impulse up will complete the swing , possibly to 3787 area but maybe not today , if that area breaks then resistance would become support and i will consider further longs , on the flip side if no break above support now turned resistance (3787) and price signals a continuation to the downside then that is the way i will follow.
Follow The Markets Structure - Patience and Discipline
  • #618,739
  • Aug 23, 2021 11:37am Aug 23, 2021 11:37am
That was. Nice bull run....
  • #618,740
  • Aug 23, 2021 11:39am Aug 23, 2021 11:39am
Quoting Moty
for tomorrow{image}
yes, 3670/80 bottom for tomorrow, for R1 minimum
Intraday only.
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