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Cable Update (GBPUSD)

  • #618,761
  • Aug 23, 2021 3:01pm Aug 23, 2021 3:01pm
this is highly likely a consolidation or continuation to next level last week after that hammer
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #618,762
  • Aug 23, 2021 3:09pm Aug 23, 2021 3:09pm
Quoting Bones
this is highly likely a consolidation or continuation to next level last week after that hammer {image}
Gold is bearish then? Did i get u right?
You have to have an IQ higher than 90 to interact with this user.
  • #618,763
  • Aug 23, 2021 3:31pm Aug 23, 2021 3:31pm
"Someone" or something exhausting sellers on Gold. Just waiting. I have 1819 - 1824 as possible turning area.
Air force
  • #618,764
  • Aug 23, 2021 3:32pm Aug 23, 2021 3:32pm
Quoting mysterio
{quote} I will wait for pullback before buying more Target is 1.3720 area to short, maybe wrong A steep drop to buy into in the next hour or two would be good, see how it develops, someone said ABCD, if so, then 0.618 pullback of last swing high/low is also around my target {image}
Alright final answer as long as 1.3740 holds overnight I short target is below 1.36 closer to 1.35

DXY channel/demand stays intact too
  • #618,765
  • Aug 23, 2021 3:40pm Aug 23, 2021 3:40pm
Quoting Nd10
{quote} 1.46??? Wow
Yes, that's right. Sounds crazy.
My point is to reduce inflation weaken Usd, increasing interest rates is a last choice, people are poor after pandemic, and cannot afford increased rates. Ok, will benefit economy, but not consumers.
This is my view. Check it out 4hr chart.

Why look down when one has better chances up?

Have you seen the moon tonight? I was chasing.
To the moon!
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  • #618,766
  • Aug 23, 2021 3:43pm Aug 23, 2021 3:43pm
Quoting W0lfram
"Someone" or something exhausting sellers on Gold. Just waiting. I have 1819 - 1824 as possible turning area.
1900-1950 might be a turning area...or a double top above 2050.
Everyone can see the chart, but only a few can actually read it.
  • #618,767
  • Aug 23, 2021 3:43pm Aug 23, 2021 3:43pm
Quoting Jolita
{quote} To the moon! {image}
People vanish there
Air force
  • #618,768
  • Aug 23, 2021 3:44pm Aug 23, 2021 3:44pm
Quoting OnlineAddict
{quote} 1900-1950 might be a turning area...or a double top above 2050.
Ok
Air force
  • #618,769
  • Aug 23, 2021 3:50pm Aug 23, 2021 3:50pm
Quoting W0lfram
{quote} People vanish there
Vanish? A new entertainment for some.
  • #618,770
  • Aug 23, 2021 4:07pm Aug 23, 2021 4:07pm
GOLD BUY
TP: 1809.88
My telegram: https://t.me/avidforex
  • #618,771
  • Aug 23, 2021 4:11pm Aug 23, 2021 4:11pm
We are still buying until we get to the blue line around 1.37716. Its a support line that was broken in the past days and about to turn resistance..
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My telegram: https://t.me/avidforex
  • #618,772
  • Aug 23, 2021 4:16pm Aug 23, 2021 4:16pm
There is so much space for gold to move to the upside about 220 pips although it may retrace a bit but overall; we are still buying...
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  • #618,773
  • Aug 23, 2021 4:29pm Aug 23, 2021 4:29pm
Hope heee is ok
Inserted Video
Air force
  • #618,774
  • Aug 23, 2021 4:31pm Aug 23, 2021 4:31pm
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  • #618,775
  • Aug 23, 2021 4:52pm Aug 23, 2021 4:52pm
Quoting mysterio
{quote} Alright final answer as long as 1.3740 holds overnight I short target is below 1.36 closer to 1.35 DXY channel/demand stays intact too
Whilst I think the short is still an option dollar is looking tired and there maybe another rise before Jackson hole which should send let cable smash down to 13450
Insane in the Brain..
  • #618,776
  • Edited 5:50pm Aug 23, 2021 5:12pm | Edited 5:50pm
Done and flat on #Cable.

Bye bye

Quoting iqyu5an
{quote} Yap just enjoy the bull rally ))
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not euphoria follower
  • #618,777
  • Aug 23, 2021 6:20pm Aug 23, 2021 6:20pm
Quoting Nordling00
{quote} Gold is bearish then? Did i get u right?
golds bullish
last week = bullish continue like before pointed to
from huge downside wick hammer (but wick in range)
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #618,778
  • Aug 23, 2021 6:40pm Aug 23, 2021 6:40pm
its not going to fail is it
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #618,779
  • Aug 23, 2021 7:06pm Aug 23, 2021 7:06pm
Inserted Video
not euphoria follower
  • #618,780
  • Edited 8:16pm Aug 23, 2021 7:31pm | Edited 8:16pm
Quoting BeeTogether
{quote} Whilst I think the short is still an option dollar is looking tired and there maybe another rise before Jackson hole which should send let cable smash down to 13450
It broke weekly supply and was just retesting today (dollar). GU just filling daily imbalance and contacting daily supply imo

Same with Euro broke weekly demand

The floodgates are open for a drop in Euro same on Cable imo

Huge drop

But has to be from around here I think or not much further up. I'll look for a sharp rise around LO to bring in buyers then sell to 1.35ish. Maybe, see where we're at
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