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Cable Update (GBPUSD)

  • #618,821
  • Aug 24, 2021 1:51am Aug 24, 2021 1:51am
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strong bulls thou
  • #618,822
  • Aug 24, 2021 2:00am Aug 24, 2021 2:00am
Quoting mysterio
{quote} 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 {image}
Hope that was it. Was quite sharp indeed. Tight stops as dunno for sure.
  • #618,823
  • Aug 24, 2021 2:00am Aug 24, 2021 2:00am
Quoting Georginson
{quote} Is it that you have buy and sell trade open at different prices? {quote} Thanks mate, I agree, we are at a critical area. Failure to break 1.3786 will be an aggressive fall to 1.3516 area in days ahead.
Please can you check and analyse GBPCHF . I have bias for decent up move for today. From the daily, iit seems the big boys have taken gotten some liquidity
  • #618,824
  • Aug 24, 2021 2:02am Aug 24, 2021 2:02am
Quoting mysterio
{quote} Hope that was it. Was quite sharp indeed. Tight stops as dunno for sure.
i do the reverse , i hope LO down straight and left the wicked below to touch the untest and go upper more
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #618,825
  • Aug 24, 2021 2:10am Aug 24, 2021 2:10am
Quoting dele5000
{quote} Please can you check and analyse GBPCHF . I have bias for decent up move for today. From the daily, iit seems the big boys have taken gotten some liquidity
This pair has a long upper shadow on the monthly candle and the momentum shows strong bearish move in weeks ahead. 1.15 area looks very likely by or before year end (GBPCHF).
Data + Stat + Risk/Emotions Management
  • #618,826
  • Aug 24, 2021 2:11am Aug 24, 2021 2:11am
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not euphoria follower
  • #618,827
  • Aug 24, 2021 2:15am Aug 24, 2021 2:15am
I will close it during the day. No experiments today
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Air force
  • #618,828
  • Aug 24, 2021 2:28am Aug 24, 2021 2:28am
Quoting Georginson
{quote} This pair has a long upper shadow on the monthly candle and the momentum shows strong bearish move in weeks ahead. 1.15 area looks very likely by or before year end (GBPCHF).
Thanks for drawing my attention to the larger view, I am only interested in today move which I think should be upward
  • #618,829
  • Aug 24, 2021 2:32am Aug 24, 2021 2:32am
below 1.3706 make all TF's down trend again (base of HHHLLHLL)
  • #618,830
  • Edited 2:46am Aug 24, 2021 2:34am | Edited 2:46am
Quoting mysterio
{quote} 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 {image}
Not 100pc certain as the move up was pretty dramatic but i'll stick to my guns and move stops to BE

A break of this h1 demand and asia low would be good

Expect late asia/frankfurt to make a run at previous highs/lows and dont get carried away with the direction imo. Just to be clear i'm out if it heads back to the top of asia range

It can still rocket its hard to say
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  • #618,831
  • Aug 24, 2021 2:34am Aug 24, 2021 2:34am
I m hoping that, this drop will not hinder buyers and stuck all the sellers on strong buy BIAS. I am still favoring bulls
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Fools Rushing
  • #618,832
  • Aug 24, 2021 2:37am Aug 24, 2021 2:37am
The penny is dropping… hopefully to 13650 area
Insane in the Brain..
  • #618,833
  • Aug 24, 2021 2:39am Aug 24, 2021 2:39am
Quoting AlfieSolomon
My observation is that these gap gets filled very early on M1 shorting for 10 pis {image}
Aaand the gap filled easy 15 pips for me , this strategy seems crazy but it works
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  • #618,834
  • Aug 24, 2021 2:47am Aug 24, 2021 2:47am
Quoting Pram808
{image}the price might be goes up until hit that area, and then will drop down and make LL for this week
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Price alredy hit
lets see in 1.3641 areas
Using Chaos to Finding Order
  • #618,835
  • Aug 24, 2021 2:48am Aug 24, 2021 2:48am
Quoting MTF Test
I m hoping that, this drop will not hinder buyers and stuck all the sellers on strong buy BIAS. I am still favoring bulls {image}
considering weekly and daily bearish scenario, I favor bears below 3760
Intraday only.
  • #618,836
  • Aug 24, 2021 2:49am Aug 24, 2021 2:49am
Quoting AlfieSolomon
{quote} Aaand the gap filled easy 15 pips for me , this strategy seems crazy but it works {image}
Sure it works

Spotted 13 Apr
https://www.forexfactory.com/thread/...6#post13492736
Filled 19 Jul

Good luck
Air force
  • #618,837
  • Aug 24, 2021 2:50am Aug 24, 2021 2:50am
Quoting mysterio
{quote} Not 100pc certain as the move up was pretty dramatic but i'll stick to my guns and move stops to BE A break of this h1 demand and asia low would be good Expect late asia/frankfurt to make a run at previous highs/lows and dont get carried away with the direction imo. Just to be clear i'm out if it heads back to the top of asia range It can still rocket its hard to say {image}
Could be the lock and load movement
Insane in the Brain..
  • #618,838
  • Aug 24, 2021 2:52am Aug 24, 2021 2:52am
Hourly top strong rejection , shorts could be back on

Hourly swing up correction within 4 H trend and daily swing

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Follow The Markets Structure - Patience and Discipline
  • #618,839
  • Aug 24, 2021 2:59am Aug 24, 2021 2:59am
Quoting BeeTogether
{quote} Could be the lock and load movement
Yea can be, I have this narrative about the DXY breaking and retesting range/channel bottom and also the ABCD adding some weight, also the GU daily imbalance & supply. Anything can happen
  • #618,840
  • Aug 24, 2021 3:04am Aug 24, 2021 3:04am
Hi all.. My father has been passed away at 11th of this month... wasnt been able to trade. Hope you all are fine.
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