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Cable Update (GBPUSD)

  • #622,761
  • Sep 10, 2021 4:22am Sep 10, 2021 4:22am
in an h1 supply now, but I would expect the last high to be taken out first so no shorts yet (just as we took out the equal lows before heading up)

utmost caution on Friday

I decided just to TP longs here despite having 1.39 as target
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  • #622,762
  • Sep 10, 2021 4:23am Sep 10, 2021 4:23am
I'm still anticipating a big drop in the next coming weeks..
It is normal for price to range in a triangle after a break of trend line and I'm hoping to see a breakout from this triangle to the downside soon...

Price will range on the daily resistance inside the triangle until it gets to the extreme top of the triangle and then fall back to the downside of the triangle..
it will continue like this until we find a break out to the downside most probable....

Good Luck
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  • #622,763
  • Sep 10, 2021 4:25am Sep 10, 2021 4:25am
Quoting BigNumbers
I'm still anticipating a big drop in the next coming weeks.. It is normal for price to range in a triangle after a break of trend line and I'm hoping to see a breakout from this triangle to the downside soon... Price will range on the daily resistance inside the triangle until it gets to the extreme top of the triangle and then fall back to the downside of the triangle.. it will continue like this until we find a break out to the downside most probable.... Good Luck {image}
I think so too, probably distributing up here for a big drop to 1.36. Just speculation though I struggle with long term predictions. Basically a break above 1.39 I look for long, rejection from here I short.
  • #622,764
  • Sep 10, 2021 4:29am Sep 10, 2021 4:29am
Usdjpy is an interesting chart to follow currently. Let’s see if it sells downwards or not
  • #622,765
  • Sep 10, 2021 4:32am Sep 10, 2021 4:32am
Good start to the day hopefully more to come. First observation we’ve seen Daily R1 rejected. Is this the end of the bull run? Last week Friday we managed to see 13890 area before a drop to below 13720 this week. So the 139-140 is still untested and the drop to 13700 also untested. As Mysterio said 139 is still on. Not sure what needs to happen to trigger a sell of before that.
im keeping my long from 13845 open and have set SL at b/e
Insane in the Brain..
  • #622,766
  • Sep 10, 2021 4:37am Sep 10, 2021 4:37am
Long in at 1.3876 target 1.3892
Don't trade what you think. Just what you see!!!
  • #622,767
  • Sep 10, 2021 4:39am Sep 10, 2021 4:39am
At the moment i can see reversal candlesticks patterns on the 30 Mins... Although lower time frame Analysis always end up being minor pull backs...
My telegram: https://t.me/avidforex
  • #622,768
  • Sep 10, 2021 4:41am Sep 10, 2021 4:41am
Quoting BeeTogether
Good start to the day hopefully more to come. First observation we’ve seen Daily R1 rejected. Is this the end of the bull run? Last week Friday we managed to see 13890 area before a drop to below 13720 this week. So the 139-140 is still untested and the drop to 13700 also untested. As Mysterio said 139 is still on. Not sure what needs to happen to trigger a sell of before that. im keeping my long from 13845 open and have set SL at b/e
Yea, just because of that last high and being close to RN, be wary of shorting early. We could spike up there at NYO. If there's any doubt then I just wait.
  • #622,769
  • Sep 10, 2021 4:44am Sep 10, 2021 4:44am
Quoting kris89
the H4 candle close with strong momentum , ill see where will the exhaust candle sign come and exit these buy 1.38700 - 1.39500
marked , will see if these can happen in miracle friday payday

because on my trade plan , i wish to see it today , next week can spare abit to strong res 1.4000 and going back to bear
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #622,770
  • Sep 10, 2021 4:47am Sep 10, 2021 4:47am
Is everyone having a good time and a good Friday?
  • #622,771
  • Sep 10, 2021 4:58am Sep 10, 2021 4:58am
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"Exchange of hands"
  • #622,772
  • Sep 10, 2021 5:06am Sep 10, 2021 5:06am
Quoting Theoak
Long in at 1.3876 target 1.3892
16 pip loss. Conflicting strategies I've used over the years. You must use one or not take trade.
Don't trade what you think. Just what you see!!!
  • #622,773
  • Sep 10, 2021 5:25am Sep 10, 2021 5:25am
Quoting DLTrader
{quote} Exactly what I just did. But I do think that 1.3880 will be broken after this pullback (if it does). We should see 1.40 next week. {image}
I'm out. 1.3870 is holding up well.

Probably will try selling again at 1.3900.
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Aim for what's achievable and don't be a dreamer.
  • #622,774
  • Sep 10, 2021 5:35am Sep 10, 2021 5:35am
Quoting DLTrader
{quote} Exactly what I just did. But I do think that 1.3880 will be broken after this pullback (if it does). We should see 1.40 next week. {image}
It's quite possible.
  • #622,775
  • Sep 10, 2021 5:41am Sep 10, 2021 5:41am
Quoting KiwiTrada
{quote} 2 1/2 hrs later still waiting, is important level for both bull and bear, bull back into big daily rising channel bear potential bearish trend reversal, will eyeball previous 4hr high for a second entry 1 3861 will know more @ London open, cad data tonight so focused UCad
1st entry stopped out 13 pip loss 2nd holding
swissy & dix trying to fly eu trying to dump, just need ucad to follow :-)
If you are new to Forex? Say Goodbye to your account!!
  • #622,776
  • Sep 10, 2021 5:49am Sep 10, 2021 5:49am
Dropped below 13870. If I hit SL at b/e I’m possibly looking at shorting. Although the NYO period will also help define the direction initially
Insane in the Brain..
  • #622,777
  • Sep 10, 2021 5:58am Sep 10, 2021 5:58am
Gbpusd at its 4th down wave on the daily.
  • #622,778
  • Sep 10, 2021 6:18am Sep 10, 2021 6:18am
Quoting Mr.Burger
{quote} yeah, 3rd wave's crazy and still in, there is no cross osc for the 4th wave, 161.8 pattern's invalid now lol
the ab=cd 1618 pattern is invalid.
basically wave 3 is 1.618/2.168
pick a number in between so short will come. How far, idk.
not going to try.
friday is cryday, better stay safe.
even crypto didnt smile to me as always.
  • #622,779
  • Sep 10, 2021 6:21am Sep 10, 2021 6:21am
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yes yes yes
  • #622,780
  • Sep 10, 2021 6:27am Sep 10, 2021 6:27am
Quoting Theoak
{quote} 16 pip loss. Conflicting strategies I've used over the years. You must use one or not take trade.
Long in at 1.3883, Target 1.3892... Lets try again!!!
Don't trade what you think. Just what you see!!!
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