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Cable Update (GBPUSD)

  • #624,561
  • Sep 20, 2021 8:53am Sep 20, 2021 8:53am
Looking for buying opportunities tomorrow

As we're on daily supply on DXY and daily demand on GU, I believe we can see some recovery from here. We have what looks like accumulation/W pattern here too. I was tempted to hold buy from 1.3650 but also wanted to make sure the day was closed in the green, so will keep scanning for another entry long probably tomorrow. There is a chance we go closer to 1.36-1.3620 which is a well defined structure level

I see no reason why we can't get a few hundred pips recovery from these levels but we'll see

Also check that daily TL Moty drew. We've been in a daily range which is narrowing in a triangle. We could have bottomed out here. Keep it in mind
  • #624,562
  • Sep 20, 2021 8:54am Sep 20, 2021 8:54am
Waited for the entire day to catch the low.
Now it is retesting the M15 trendline for the 4th time.
Do you think it will break?
Additionally, price is trading at the bottom of a symmetrical triangle.
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Aim for what's achievable and don't be a dreamer.
  • #624,563
  • Sep 20, 2021 8:58am Sep 20, 2021 8:58am
Quoting Georginson
{quote} Do exit at break even here 1.3695... wait for either 1.3610 to buy or catch a sell at 1.3770 area in case of a bounce. Note: for Monday Tuesday only.
hi friend
how are you
Do you thing GBPUSD will be up and they will hit your previous tp 1.3775.Sorry for disturbed you Thanks,
  • #624,564
  • Sep 20, 2021 9:01am Sep 20, 2021 9:01am
Quoting DLTrader
Waited for the entire day to catch the low. Now it is retesting the M15 trendline for the 4th time. Do you think it will break? Additionally, price is trading at the bottom of a symmetrical triangle. {image} {image}
you must not wait the low or the high...try to simply win money
  • #624,565
  • Sep 20, 2021 9:02am Sep 20, 2021 9:02am
Quoting DLTrader
Waited for the entire day to catch the low. Now it is retesting the M15 trendline for the 4th time. Do you think it will break? Additionally, price is trading at the bottom of a symmetrical triangle. {image} {image}
It might fail to make a significant pullback. 1.3700 might act as resistance. Will look to for sell opportunity around that zone tomorrow
  • #624,566
  • Sep 20, 2021 9:04am Sep 20, 2021 9:04am
Quoting maxi444
{quote} you must not wait the low or the high...try to simply win money
Lol can you be more specific? I love to find out how to 'simply win money'.
Aim for what's achievable and don't be a dreamer.
  • #624,567
  • Sep 20, 2021 9:07am Sep 20, 2021 9:07am
Quoting tauhidur
{quote} hi friend how are you Do you thing GBPUSD will be up and they will hit your previous tp 1.3775.Sorry for disturbed you Thanks,
I'm not in any trade at the moment, I want to buy lower at 1.3610 area or sell at 1.3775 area (Monday/Tuesday) only.

It's not safe buying for too many pips now, as price is set to attack 1.3583/1.3383 area this September.
Data + Stat + Risk/Emotions Management
  • #624,568
  • Sep 20, 2021 9:08am Sep 20, 2021 9:08am
Quoting Dethorn
{quote} It might fail to make a significant pullback. 1.3700 might act as resistance. Will look to for sell opportunity around that zone tomorrow
Good level. I'm specifically looking at 1.3720
Aim for what's achievable and don't be a dreamer.
  • #624,569
  • Sep 20, 2021 9:15am Sep 20, 2021 9:15am
Quoting W0lfram
FedWatch CME {image}
if I’m reading that correctly that means no interest rates hike thus tapering talks yet. Which “should” push the pound up … again I could be wrong
Insane in the Brain..
  • #624,570
  • Edited 9:38am Sep 20, 2021 9:15am | Edited 9:38am
For me short ... again...

God bless everyone!

Quoting LvMMT
For me short ... again... God bless everyone!
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Moty shared this indi. God bless you Moty!

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God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #624,571
  • Sep 20, 2021 9:47am Sep 20, 2021 9:47am
Euro is killing the pound today, else it would have already shot up against the dollar.
  • #624,572
  • Sep 20, 2021 9:53am Sep 20, 2021 9:53am
Sneak in one more eh
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  • #624,573
  • Sep 20, 2021 9:58am Sep 20, 2021 9:58am
How is it that I always choose the pair that goes the opposite of logic
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yes yes yes
  • #624,574
  • Sep 20, 2021 10:02am Sep 20, 2021 10:02am
Quoting mysterio
Sneak in one more eh {image}
i believe this fresh base on m30 can push price to 3725.
Maybe until tomorrow morning.
Where im going to take out my awful early longs.
  • #624,575
  • Sep 20, 2021 10:04am Sep 20, 2021 10:04am
Quoting gatenio
{quote} i believe this fresh base on m30 can push price to 3725. Maybe until tomorrow morning. Where im going to take out my awful early longs.
you are not alone mate, I am in the same boat
  • #624,576
  • Sep 20, 2021 10:05am Sep 20, 2021 10:05am
Quoting Moty
How is it that I always choose the pair that goes the opposite of logic {image}
Life is a bitch Moty, it sometimes shows its true colors
  • #624,577
  • Sep 20, 2021 10:06am Sep 20, 2021 10:06am
Quoting IBabyTrader
{quote} you are not alone mate, I am in the same boat
It will be fine, im sure.
i want to take it out just because im frustrated from the margin call today on crypto, i worked on
this account more then 2 month.
need a break.
  • #624,578
  • Sep 20, 2021 10:11am Sep 20, 2021 10:11am
Quoting BeeTogether
{quote} if I’m reading that correctly that means no interest rates hike thus tapering talks yet. Which “should” push the pound up … again I could be wrong
I am of the same opinion.

"They" exhausting buyers currently, tomorrow may be the same. But looking at volume I think rally is c(r)ooking, or maybe it's just imagination...
Air force
  • #624,579
  • Sep 20, 2021 10:14am Sep 20, 2021 10:14am
Quoting W0lfram
{quote} I am of the same opinion. "They" exhausting buyers currently, tomorrow may be the same. But looking at volume I think rally is c(r)ooking, or maybe it's just imagination...
Agreed
  • #624,580
  • Sep 20, 2021 10:22am Sep 20, 2021 10:22am
Quoting mysterio
Sneak in one more eh {image}
TP set
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