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Cable Update (GBPUSD)

  • #624,841
  • Sep 21, 2021 1:16pm Sep 21, 2021 1:16pm
Quoting Pat Chiko
{quote} GU Waiting like forever. {image} {image}
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  • #624,842
  • Sep 21, 2021 1:46pm Sep 21, 2021 1:46pm
Quoting Wavegarrick
{quote} Bears need a daily lower low below yesterday's low at 1.36400 ish and desperately. Cheers.
Hello Leon, Price is stalling to gather more momentum for further bearish moves. It does not necessarily have to close lower than yesterday's low. You will observe that price couldn't break 1.3700 and failure to break it means it has an unfinished business below 1.36. Tomorrow is FED day and lots of Volatility is expected but 1.3580 looks imminent before any significant bounce.

I may be wrong.

Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #624,843
  • Sep 21, 2021 1:48pm Sep 21, 2021 1:48pm
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  • #624,844
  • Sep 21, 2021 1:53pm Sep 21, 2021 1:53pm
same story.. i think it needs to go up a bit more to go down... or we have enough sellers down here for kaboom tomorrow...
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  • #624,845
  • Sep 21, 2021 1:54pm Sep 21, 2021 1:54pm
Quoting Georginson
{quote} Hello Leon, Price is stalling to gather more momentum for further bearish moves. It does not necessarily have to close lower than yesterday's low. You will observe that price couldn't break 1.3700 and failure to break it means it has an unfinished business below 1.36. Tomorrow is FED day and lots of Volatility is expected but 1.3580 looks imminent before any significant bounce. I may be wrong. Cheers, George.
Yup George,
Thanks for that, it makes a lot of sense.
Cheers.
Trade to trade another day
  • #624,846
  • Sep 21, 2021 1:57pm Sep 21, 2021 1:57pm
Quoting Georginson
{quote} Hello Leon, Price is stalling to gather more momentum for further bearish moves. It does not necessarily have to close lower than yesterday's low. You will observe that price couldn't break 1.3700 and failure to break it means it has an unfinished business below 1.36. Tomorrow is FED day and lots of Volatility is expected but 1.3580 looks imminent before any significant bounce. I may be wrong. Cheers, George.

same thought this morning

when monday made low of 13640 i knew the price circle is not fully fulfilled because it as bridge over 25 points of 136 to the down side...
MY OPINION NOT FINANCIAL ADVISE
  • #624,847
  • Sep 21, 2021 2:09pm Sep 21, 2021 2:09pm
GBPUSD. 16H vs D2
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #624,848
  • Sep 21, 2021 2:14pm Sep 21, 2021 2:14pm
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  • #624,849
  • Sep 21, 2021 2:14pm Sep 21, 2021 2:14pm
Huge buy vols coming in, 1500 lots just put in at 1.3663-5, Gatenio placing orders again?

Probs a good block to rebuy tomorrow if it continues bullish and retraces

Nice keep going
  • #624,850
  • Sep 21, 2021 2:21pm Sep 21, 2021 2:21pm
Quoting mysterio
Huge buy vols coming in, 1500 lots just put in at 1.3663-5 Probs a good block to rebuy tomorrow if it continues bullish and retraces Nice keep going

That was me LOL

seriously though , if H4 is showing a correction but H1 is only showing one swing up there must be another one up to go.
Follow The Markets Structure - Patience and Discipline
  • #624,851
  • Sep 21, 2021 2:28pm Sep 21, 2021 2:28pm
Quoting pipfarm
{quote} That was me LOL seriously though , if H4 is showing a correction but H1 is only showing one swing up there must be another one up to go.
It just looks like a classic double bottom on an h4/daily demand

To me a clear buy but best wait for retrace tomorrow if not already in
  • #624,852
  • Sep 21, 2021 2:31pm Sep 21, 2021 2:31pm
hi, longs...if price is going move up,,,maybe this is the bus
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The only constant is change
  • #624,853
  • Sep 21, 2021 2:31pm Sep 21, 2021 2:31pm
Quoting Maximumheigh
I think we should go up now. 1.372x
1.372x. That area is still my target before another downward move.
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  • #624,854
  • Sep 21, 2021 2:35pm Sep 21, 2021 2:35pm
Quoting mysterio
{quote} It just looks like a classic double bottom on an h4/daily demand To me a clear buy but best wait for retrace tomorrow if not already in

Yes a buy for c swing of correction but not a reversal in sight as nothing to the upside has broken but beware a regular flat ,

A up / b down to the swing low then C UP to the swing high, i doubt this will go much past 3692 well at least i think for me it would a risk to stay in past that point if i was long, bearing in mind the daily is in a down swing and H4 is showing a correction
Follow The Markets Structure - Patience and Discipline
  • #624,855
  • Sep 21, 2021 2:37pm Sep 21, 2021 2:37pm
Quoting Ihlas
Buying at the pivot can bank easy 30 pips
We are almost there.
  • #624,856
  • Sep 21, 2021 2:47pm Sep 21, 2021 2:47pm
Quoting LvMMT
{quote} I closed some positives ... {image} I'm trying one little short ... God bless every soul!
Have a good night or day folks!

I Continue tomorrow.

H4
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M5
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God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #624,857
  • Sep 21, 2021 4:03pm Sep 21, 2021 4:03pm
long uj 109 17 sl 17pips bottom of 4hr range 109 11 compression daily, little early maybe
If you are new to Forex? Say Goodbye to your account!!
  • #624,858
  • Sep 21, 2021 4:12pm Sep 21, 2021 4:12pm
It sure does look like an easy and straightforward buy, Im not jumping in yet, probably will have a new low tomorrow and then it will head higher.

For me the next 2-3 4hr candle will tell alot, if we see at least two strong bullish candles then yes we are going higher

lets see
  • #624,859
  • Sep 21, 2021 4:48pm Sep 21, 2021 4:48pm
Seems like an easy short to fomc, going to be my play shortly after Japan open.
Forever learning....
  • #624,860
  • Sep 21, 2021 7:13pm Sep 21, 2021 7:13pm
Quoting KiwiTrada
long uj 109 17 sl 17pips bottom of 4hr range 109 11 compression daily, little early maybe
added full lot long uj 13 pip sl 109 11 now waiting for rewards?
If you are new to Forex? Say Goodbye to your account!!
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