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Cable Update (GBPUSD)

  • #623,021
  • Sep 12, 2021 3:57pm Sep 12, 2021 3:57pm
Quoting elbert3
2813 gap down
Small gap up now, anyway if it opens with a gap up, most probably it will filled soon
  • #623,022
  • Sep 12, 2021 3:59pm Sep 12, 2021 3:59pm
If you are tracking the GBPUSD this week, consider this technical perspective from a medium-term swing trader. On the daily time frame, presently, price action is bullish but still within the 1.38000/1.38730 supply zone (magenta). This may lead to either the confirmation of the supply zone for a bearish rotation or a further bullish attempt to seize market control. On Friday, price action printed a doji-like candlestick with a long-upper shadow, —a bearish-pinbar— in the supply area, indicating that there is bearish pressure in the area. But we should await what price action does in the early part of this week. Personally, I see any bullish breakout from the area to be temporary in nature, with the 1.39700 area (black) acting as a barrier. I am bearish GBPUSD, but I will await the daily close on Monday. The 1.35600 area (green) is a significant horizontal support on the weekly time frame and likely a target of a feasible bearish rotation.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #623,023
  • Sep 12, 2021 5:11pm Sep 12, 2021 5:11pm
H1
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My telegram: https://t.me/avidforex
  • #623,024
  • Sep 12, 2021 5:19pm Sep 12, 2021 5:19pm
Gone short to the 1380-10 area
Insane in the Brain..
  • #623,025
  • Sep 12, 2021 8:59pm Sep 12, 2021 8:59pm
Short in at 1.3828
Don't trade what you think. Just what you see!!!
  • #623,026
  • Sep 12, 2021 9:09pm Sep 12, 2021 9:09pm
adding buy just now
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #623,027
  • Sep 12, 2021 9:12pm Sep 12, 2021 9:12pm
Quoting Georginson
I'm of similar view with Wavegarrick, the year is fast coming to an end and we keep having the highs being dwindled, something has to break here and I see 1.28 area by or before December. Here is my forecast for September 13th to 17th Possible High: 1.3900 Possible Low: 1.3670 Note: Thursday 16th and Friday 17th is expected to be range breaking days of high Volatility. Trade with utmost caution.
Hi George,
Do you have stats for the EU or AU that you could share?
  • #623,028
  • Sep 12, 2021 10:11pm Sep 12, 2021 10:11pm
Quoting kris89
adding buy just now
will watch if the 1.38600 level holding or breaching . in these week wanna see 1.40800 taken , because price so near already , one hit and then Liu enter
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #623,029
  • Sep 12, 2021 10:47pm Sep 12, 2021 10:47pm
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yes yes yes
  • #623,030
  • Sep 12, 2021 11:08pm Sep 12, 2021 11:08pm
Quoting khor
{quote} Hi George, Do you have stats for the EU or AU that you could share?
Hello Khor, I trade trade GBPUSD only, so only have stats for GBPUSD.
Data + Stat + Risk/Emotions Management
  • #623,031
  • Sep 12, 2021 11:48pm Sep 12, 2021 11:48pm
Drop mf
The drop is here
I took short audusd because it gives me a 150 % more the the gu
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yes yes yes
  • #623,032
  • Sep 12, 2021 11:53pm Sep 12, 2021 11:53pm
Quoting Moty
{image}
Moty...
Let's pray for our profit...
(whispering... : "show me the money...")

SU
Attached Image (click to enlarge)
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  • #623,033
  • Sep 12, 2021 11:59pm Sep 12, 2021 11:59pm
a drop near LO , as usually , ill take the buy with low risk
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #623,034
  • Sep 12, 2021 11:59pm Sep 12, 2021 11:59pm
3820 may hold for retrace towards 3860
Intraday only.
  • #623,035
  • Sep 13, 2021 12:21am Sep 13, 2021 12:21am
Before London Open ...
Warm Up
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Intraday Trading is an Art _ hoda
  • #623,036
  • Sep 13, 2021 12:49am Sep 13, 2021 12:49am
Quoting Theoak
Short in at 1.3828
+ 8 pips run the rest
Don't trade what you think. Just what you see!!!
  • #623,037
  • Sep 13, 2021 1:08am Sep 13, 2021 1:08am
Seems 1382 was the turn around area. Time to switch long I think
Insane in the Brain..
  • #623,038
  • Sep 13, 2021 1:16am Sep 13, 2021 1:16am
H8
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  • #623,039
  • Sep 13, 2021 1:44am Sep 13, 2021 1:44am
Quoting soulreader
{quote} Hi Wavegarrick, I've noticed that your chart currently shows only a few green pips while previously it showed 7k to 8k. Have you closed all trades that you've held for a long time or open a new account to earn additional pips? It's merely a case of inquisitiveness on my part.
Hi Soulreader,
Thank you for your keen observation.
My long-term trades were basically made up of 3 buy trades and 2 sell trades that were left over, meaning that I have taken profit periodically in the course of this year with buy and sell trades. I was hoping for price to break out of this 8-month range so I could act more decisively in closing either my sell trades or buy trades. I am afraid that my buy swap fees were eating into my profits due to this neverending range, so it was time for me to call it a day after a year and 6 months, therefore I closed all my Gu trades at 8000 pips profit. I must say that it was new territory for me as I have never held trades this long, so it was a bit of a learning curve for me. Will I hold trades this long in the future? Maybe, but I need to look at trading in the direction of least swap fees.
Cheers.
Trade to trade another day
  • #623,040
  • Sep 13, 2021 1:50am Sep 13, 2021 1:50am
Quoting Theoak
Short in at 1.3828
added to short
Don't trade what you think. Just what you see!!!
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