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Cable Update (GBPUSD)

  • #618,941
  • Aug 24, 2021 9:09am Aug 24, 2021 9:09am
Quoting BigNumbers
Gold is almost set to move 230 pips to the upside... Watch out Target: 1822.25 {image}
XAUUSD
The move now to the upside 230 Pips. You can find a position
My telegram: https://t.me/avidforex
  • #618,942
  • Aug 24, 2021 9:13am Aug 24, 2021 9:13am
GBPUSD BULLS Midterm target 1.377
My telegram: https://t.me/avidforex
  • #618,943
  • Aug 24, 2021 9:19am Aug 24, 2021 9:19am
Quoting Techanalyst
Pullback into daily supply zone. Thursday after Jackson news we should see this going down further and it looks like 1.35 may get hit sooner then later. Trade safe. {image} {image}
yes you already mention it.
  • #618,944
  • Aug 24, 2021 9:19am Aug 24, 2021 9:19am
Quoting stevepatt
GBP/USD H1 Observations {image}
GBP/USD H1 M5 Observations

No interest at 1.37300

1.37000 RN holds some interest

Looking for a Break and Test below 1.37000 or a Break and Test above 1.37500

I don't see anything to be gained by Trading between these Levels at the moment....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 24th Aug 21 GBP_USD H1 Observation 14.31.png Size: 105 KB
Click to Enlarge Name: 24th Aug 21 GBP_USD M5 Observations14.54.png Size: 108 KB
  • #618,945
  • Aug 24, 2021 9:20am Aug 24, 2021 9:20am
Quite bearish Month Chart, take care in the end of this month
Attached Image (click to enlarge)
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Be a spectator, not a player
  • #618,946
  • Aug 24, 2021 9:31am Aug 24, 2021 9:31am
all aboard !!!!!!!!!
Attached Image(s) (click to enlarge)
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yes yes yes
  • #618,947
  • Aug 24, 2021 9:35am Aug 24, 2021 9:35am
Quoting stevepatt
{quote} GBP/USD H1 M5 Observations No interest at 1.37300 1.37000 RN holds some interest Looking for a Break and Test below 1.37000 or a Break and Test above 1.37500 I don't see anything to be gained by Trading between these Levels at the moment.... {image} {image}
Thanks Pat. I overlooked the 1.37 area. And made a wrong move. I am buying till 1.38 xx

Cheers !
Fools Rushing
  • #618,948
  • Aug 24, 2021 9:42am Aug 24, 2021 9:42am
Got that a bit wrong hey.. although I’m keeping with my original below 137 bias for time being
Insane in the Brain..
  • #618,949
  • Edited 10:01am Aug 24, 2021 9:43am | Edited 10:01am
Hi, that 3 fib cluster mentioned y/day 3740-47 confluence with a minor 1hr/4hr sw lo zone = prev supp = pot sbr provided the supply this London morning for the dip to the prev 1hr sw hi x 2 zone = prev res = pot rbs where buyers came back in. Now challenging the former and current dly hi again. Only 62% 30day adr covered so far today.

1hr below.

...looking on 4hr a fib (85.4% 3786-3602) before that prev 1hr/4hr sw hi zone to 3786 then a couple run thru it including 61.8% of the move from 3878-3602. Dly R1 before that - at the bottom of it, circa 3768.

4hr below.
Attached Image (click to enlarge)
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Attached Image
Trader with an Edge.
  • #618,950
  • Aug 24, 2021 10:02am Aug 24, 2021 10:02am
Quoting pipfarm
Assuming H1 move up was corrective currently we had a break down of the last higher low and now ranging with what looks like a triangle pattern on 15m, so would expect a big down move to follow, strangely enough as im writing this i just glanced at cable and it is making a move down but it might still be part of the range before the drop.

ok no triangle maybe a top retest but ultimately it needs to break the H1 swing low for me to do anything and the H1 high needs to stay intact , at the moment it is precarious as the top was nearly taken out.
Follow The Markets Structure - Patience and Discipline
  • #618,951
  • Aug 24, 2021 10:05am Aug 24, 2021 10:05am
Quoting Bones
{quote} well if it works for you ,just saying there random especially on mt4 ,ie no one else see those gaps The only way you can believe a gap during the week is some very high impact event {image}
Bones I think those candles of yours are clouding your vision. This is your chart and there are plenty of gaps, some filled straight away others a little later.

I don't trade them myself because I think they are just the result of end time closing.
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  • #618,952
  • Aug 24, 2021 10:06am Aug 24, 2021 10:06am
Attached Image (click to enlarge)
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yes yes yes
  • #618,953
  • Aug 24, 2021 10:09am Aug 24, 2021 10:09am
Quoting Nala66
{quote} Bones I think those candles of yours are clouding your vision. This is your chart and there are plenty of gaps, some filled straight away others a little later. I don't trade them myself because I think they are just the result of end time closing. {image}
ok if there gaps then everyone will have them so you have the same as me or Alfie ,lets see your 1 min same area
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #618,954
  • Aug 24, 2021 10:20am Aug 24, 2021 10:20am
Quoting Bones
{quote} ok if there gaps then everyone will have them so you have the same as me or Alfie ,lets see your 1 min same area {image}
That is what I am saying I think they are just end of time gaps. If an order gets filled a tad late a gap is formed and unless our charts are exactly in synch we would see gaps at different times.
  • #618,955
  • Aug 24, 2021 10:25am Aug 24, 2021 10:25am
Quoting Nala66
{quote} That is what I am saying I think they are just end of time gaps. If an order gets filled a tad late a gap is formed and unless our charts are exactly in synch we would see gaps at different times.
its a 24hr highly liquid market ,you see faults in feed
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #618,956
  • Aug 24, 2021 10:29am Aug 24, 2021 10:29am
tp 1.37855
when price is above daily pivot , only long trades will be taken
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yes yes yes
  • #618,957
  • Aug 24, 2021 10:35am Aug 24, 2021 10:35am
Quoting Bones
{quote} its a 24hr highly liquid market ,you see faults in feed
I am not disagreeing with you about the faults in the feed but the fact remains there are gaps and if the guy can make a quid from these as signals so be it.

I did have the same gap as you though mine was tiny, it was also filled later.
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  • #618,958
  • Aug 24, 2021 10:57am Aug 24, 2021 10:57am
Hello friends finally for today, cable consolidates today for another bullish run set for tomorow towards 1.3830 buyers resistance and a support given at 1.3779 for the bullish Europe traders to climb tomorow morning, happy trading
  • #618,959
  • Edited 11:24am Aug 24, 2021 11:09am | Edited 11:24am
Quoting Nala66
{quote} I am not disagreeing with you about the faults in the feed but the fact remains there are gaps and if the guy can make a quid from these as signals so be it. I did have the same gap as you though mine was tiny, it was also filled later. {image}
well yes ,if he makes money it
its out of a random fault his end ,thats his chart with the actual gap I don't have one like you ,you can't tell me price came up to close that .
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #618,960
  • Aug 24, 2021 11:12am Aug 24, 2021 11:12am
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}
hodl overnight

Potentially scalp bottom of the range incase it breaks up
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