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Cable Update (GBPUSD)

  • #623,981
  • Sep 16, 2021 1:08pm Sep 16, 2021 1:08pm
GU moved 90 pips today, but not as much, not event touched 13730.
Interesting how we will close, above 138?
Gold has moved a lot, was very tempting to buy, I haven't. Thinking now might me right time.
  • #623,982
  • Sep 16, 2021 1:09pm Sep 16, 2021 1:09pm
Quoting donfriday
{quote} there is not a year price dont come back to kiss 20 SMA on monthly...so far 2021 we have not gu mid term bearish long term bullish.

I might have misunderstood you, price is above 20 sma on monthly so you mean go to 20SMA on monthly which i think is highly likely and maybe lower,
Follow The Markets Structure - Patience and Discipline
  • #623,983
  • Sep 16, 2021 1:11pm Sep 16, 2021 1:11pm
Quoting genadi
{quote} in example, i am looking at Eur/Aud. price shows that it will go up (in larger time frames) in smaller time frames we can have a small retrace down. and i dont know how to make money with that knowledge on that pair...
i sold EA at 1.6152
closed order at 1.6137
and it went way lower.
so even with an obvious price action and levels, it is hard to make a lot of pips.
i am taking very little, and i have no idea how to make more at bigger moves
  • #623,984
  • Sep 16, 2021 1:17pm Sep 16, 2021 1:17pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 30 KB
yes yes yes
  • #623,985
  • Sep 16, 2021 1:20pm Sep 16, 2021 1:20pm
the range and the mid
resistance 14000
support 13670
mid 13835


currently, price is below the mid, meaning inside the consolidation bear have the upper hand

easy to understand?
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20210916_18.18.png Size: 111 KB
MY OPINION NOT FINANCIAL ADVISE
  • #623,986
  • Sep 16, 2021 1:40pm Sep 16, 2021 1:40pm
1.3750-30 for me is an absolute key-level
Staying above , we will see a massive move up!!
  • #623,987
  • Sep 16, 2021 2:12pm Sep 16, 2021 2:12pm
That 1.3800 spike is both a round number and a 0.5 fib retracement (from 1.3841 to 1.3765).

Will wait for further confirmation, but I think it's a safe spot to resume selling into the trend
  • #623,988
  • Sep 16, 2021 2:40pm Sep 16, 2021 2:40pm
well

tomorrow is a bull day for cable
  • #623,989
  • Sep 16, 2021 2:40pm Sep 16, 2021 2:40pm
Quoting Bulu-Bulu
That 1.3800 spike is both a round number and a 0.5 fib retracement (from 1.3841 to 1.3765). Will wait for further confirmation, but I think it's a safe spot to resume selling into the trend
good luck Bulu Bulu
  • #623,990
  • Sep 16, 2021 2:41pm Sep 16, 2021 2:41pm
Quoting thevisitor
1.3750-30 for me is an absolute key-level Staying above , we will see a massive move up!!
we may even not see price moving that low tomorrow
  • #623,991
  • Sep 16, 2021 2:46pm Sep 16, 2021 2:46pm
Quoting Dethorn
GBPUSD looking to short at 50 fibs. Watch PA {image}
Didnt know it will hit the 50 fibs that fast. Trade activated, stop in place just incase shit happens during Asian session.

Hope most of you benefited from GU drop and gold
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 70 KB
  • #623,992
  • Sep 16, 2021 3:22pm Sep 16, 2021 3:22pm
I still see GU bullish, I expect tomorrow minimum 1.3850
  • #623,993
  • Sep 16, 2021 4:27pm Sep 16, 2021 4:27pm
If GU can stay above 13750 we should see 13820-50
Insane in the Brain..
  • #623,994
  • Sep 16, 2021 4:48pm Sep 16, 2021 4:48pm
Quoting fxmasterdxb
I still see GU bullish, I expect tomorrow minimum 1.3850
I dont know why traders here are so obsessed with plus 1.3850-1.3900 before 1.3700

I feel there are lots of buyers trapped and i dont think the MM are willing to let them go Scot free. Daily closed below 1.800 opening way for 1.3700 or even lower

But I could be wrong, lets wait for tomorrow. PA is king
  • #623,995
  • Sep 16, 2021 5:04pm Sep 16, 2021 5:04pm
Quoting Dethorn
{quote} I dont know why traders here are so obsessed with plus 1.3850-1.3900 before 1.3700
Why before 3700. I don't need to see 3700 at all...not saying it won't come...but I am not looking for 3900 to short, because next time it breaks, it might not come down so soon...I expect much more than that...more than 1.41 possibly.
Everyone can see the chart, but only a few can actually read it.
  • #623,996
  • Sep 16, 2021 6:25pm Sep 16, 2021 6:25pm
Quoting KiwiTrada
{quote} we shall see, bears have infinished business @ 13800
15hrs later business with 1 3800 still in progress a decent retest of 3800 "could"? seal the near term fate of bulls :-) short @ 1 3800 sl above will see how she goes, will be nice battle Im thinking!
If you are new to Forex? Say Goodbye to your account!!
  • #623,997
  • Sep 16, 2021 6:50pm Sep 16, 2021 6:50pm
Good moving PA . Ill added more buy again if the price retest 1.37750 area again
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #623,998
  • Sep 16, 2021 7:02pm Sep 16, 2021 7:02pm
Quoting KiwiTrada
copper approaching critical support, if can break, will be huge for next 3-4 weeks :-)
critical support held bounced and now back to test, this time maybe this time she will bo south, waiting with anticipation:-)
If you are new to Forex? Say Goodbye to your account!!
  • #623,999
  • Edited 8:15pm Sep 16, 2021 7:28pm | Edited 8:15pm
why i am getting a feel GU could be bullish now.
Attached Image (click to enlarge)
Click to Enlarge Name: fd16b2f636a794f11e5d9c7a480cc777.png Size: 113 KB
"Exchange of hands"
  • #624,000
  • Sep 16, 2021 7:32pm Sep 16, 2021 7:32pm
Below 1.37700 is the bearish scenario. Uprising channel lower Line.

Ill take low risk buy on lower if price manage to get back once again to near that area
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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