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Cable Update (GBPUSD)

  • #627,421
  • Oct 1, 2021 1:55am Oct 1, 2021 1:55am
Quoting mysterio
Up to 1.3468ish then down probs
I have a similar view
  • #627,422
  • Oct 1, 2021 2:03am Oct 1, 2021 2:03am
Seems yesterday longish finish will be dampened by the debt celiing US news
Insane in the Brain..
  • #627,423
  • Oct 1, 2021 2:09am Oct 1, 2021 2:09am
Goodmorning friends,the week ends and we enter a new month. Yesterdaycable sellers were few following the rise in offer price we posted yesterday @1.3510 where sellers were seen and price reluctantly surge to that level before the sharp but light selling. Today European traders are set to open bearish with more sellers coming onboard offering to sell low @1.3445 downwards by reason of increased production which normally should attract more buyers or devaluation/quality compromise which should attract less buyers. However with price technically opening above 1.3448 this suggests a continuous selling to end the week as the American traders are set to further the move down to 1.3370 below. This is good sign for the UK economy. Happy trading.
  • #627,424
  • Oct 1, 2021 2:11am Oct 1, 2021 2:11am
Quoting mysterio
Up to 1.3468ish then down probs
I think that was possibly the stop hunt just at 8am, still think up to here. Lets see, no trades I want to short higher.

Edit-- if it keeps pushing down then I believe we're going for the equal lows first from yesterday-- then I would look for a long 1.3412-1.34 area. So maybe look at 1.34 for a long if we dont reverse right here at 1.3433.
  • #627,425
  • Oct 1, 2021 2:20am Oct 1, 2021 2:20am
Quoting mysterio
{quote} I think that was possibly the stop hunt just at 8am, still think up to here. Lets see, no trades I want to short higher. Edit-- if it keeps pushing down then I believe we're going for the equal lows first from yesterday-- then I would look for a long 1.3412-1.34 area. So maybe look at 1.34 for a long if we dont reverse right here at 1.3433.
Trade with prediction = witch with her visions lol
  • #627,426
  • Oct 1, 2021 2:22am Oct 1, 2021 2:22am
Quoting mysterio
{quote} I think that was possibly the stop hunt just at 8am, still think up to here. Lets see, no trades I want to short higher. Edit-- if it keeps pushing down then I believe we're going for the equal lows first from yesterday-- then I would look for a long 1.3412-1.34 area. So maybe look at 1.34 for a long if we dont reverse right here at 1.3433.
EQL will form if price is going to hike , but if the EQL taken maybe we can buy more cheaper

Edited : Good analyze as always , i didnt see your level mention there xD , ive my buy @1.34500 already and waiitng to be punish
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #627,427
  • Oct 1, 2021 2:23am Oct 1, 2021 2:23am
Quoting dimitricss
{quote}
Here's the thing. We can always expect some run on liquidity during Frankfurt and/or LO. As it didn't happen in Frankfurt then have to be prepared at LO for a false move.
  • #627,428
  • Oct 1, 2021 2:24am Oct 1, 2021 2:24am
Quoting kris89
{image} {quote} koreksi ~ haha , biggest frame masi dalam Bearish

what year do you expect this move?
MY OPINION NOT FINANCIAL ADVISE
  • #627,429
  • Edited 2:37am Oct 1, 2021 2:27am | Edited 2:37am
Quoting mysterio
{quote} I think that was possibly the stop hunt just at 8am, still think up to here. Lets see, no trades I want to short higher. Edit-- if it keeps pushing down then I believe we're going for the equal lows first from yesterday-- then I would look for a long 1.3412-1.34 area. So maybe look at 1.34 for a long if we dont reverse right here at 1.3433.
quick n dirty chart

Note the pivot isnt for sure a short it can go higher today but watch all of the short term highs for short

It is common for LO to create the LOW or HIGH of the day (IE 1.3433 can be the low)

Looks like we have a delicious RANGE Love me a range
Attached Image (click to enlarge)
Click to Enlarge Name: cable2.jpg Size: 308 KB
  • #627,430
  • Oct 1, 2021 2:33am Oct 1, 2021 2:33am
Quoting donfriday
{quote} what year do you expect this move?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 96 KB


sorry a bad sketch
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #627,431
  • Oct 1, 2021 2:35am Oct 1, 2021 2:35am
I am envisaging a push up today to 1.352x area. So I am on a long trade. IMO
  • #627,432
  • Oct 1, 2021 2:39am Oct 1, 2021 2:39am
Quoting Maximumheigh
I am envisaging a push up today to 1.352x area. So I am on a long trade. IMO
A run on YH not impossible, if so we'd see a kind of channel/bear flag form
  • #627,433
  • Oct 1, 2021 2:42am Oct 1, 2021 2:42am
Quoting mysterio
{quote} A run on YH not impossible, if so we'd see a kind of channel/bear flag form
Impossible or not impossible?
  • #627,434
  • Oct 1, 2021 2:47am Oct 1, 2021 2:47am
Quoting gatenio
{quote} Impossible or not impossible?
Not impossible

Sorry double negative

What I mean is possible

Dunno why I do that
  • #627,435
  • Oct 1, 2021 2:48am Oct 1, 2021 2:48am
I may be wrong but I really don't see the current bearish trend to end just yet.

I'm expecting it to keep going down towards 1.33.

The recent break-below of a falling channel is now used as a resistance for price to go even lower.

If it does pulls back higher, 1.3530 should be the limit.

Otherwise, 1.3460 should be a good price to sell again.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20211001_154206.jpg Size: 515 KB
Click to Enlarge Name: Screenshot_20211001_154341.jpg Size: 620 KB
Aim for what's achievable and don't be a dreamer.
  • #627,436
  • Oct 1, 2021 2:49am Oct 1, 2021 2:49am
Quoting kris89
{quote} {image} sorry a bad sketch

anything will happen but this sketch need more adjustment


2022 i think we should see 2500
MY OPINION NOT FINANCIAL ADVISE
  • #627,437
  • Oct 1, 2021 2:51am Oct 1, 2021 2:51am
carefull is friday..
Trade what you see, not what you think.. react and stay sharp..
  • #627,438
  • Oct 1, 2021 2:52am Oct 1, 2021 2:52am
Quoting Maximumheigh
I am envisaging a push up today to 1.352x area. So I am on a long trade. IMO

waiting to add 2nd long
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20211001_07.51.png Size: 75 KB
MY OPINION NOT FINANCIAL ADVISE
  • #627,439
  • Oct 1, 2021 2:55am Oct 1, 2021 2:55am
Quoting donfriday
{quote} anything will happen but this sketch need more adjustment 2022 i think we should see 2500
could be if repeat the history as the left side , but we already have a cheap pounds , that all people love . since Brexit , the price already in preasure
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #627,440
  • Edited 3:07am Oct 1, 2021 2:55am | Edited 3:07am
Hi folks,

preparing the trap...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 81 KB

Green pips for all of you folks! !

God bless everyone and God bless your actions!

Edit:
Text signature updated.
The only impartial feeling is love. It is also the only feeling of God.
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