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Cable Update (GBPUSD)

  • #627,881
  • Oct 4, 2021 6:43am Oct 4, 2021 6:43am
Quoting Headland
... bulls are in the bears' penalty area but bears have got 11 men behind the ball....
well, you know Joe Root's cricket team.

lol
Intraday only.
  • #627,882
  • Oct 4, 2021 6:43am Oct 4, 2021 6:43am
Considering correlation Bulls may end it's run. Waiting for a retrace .. 1.3600-120 levels
Fools Rushing
  • #627,883
  • Oct 4, 2021 6:45am Oct 4, 2021 6:45am
Quoting Theoak
{quote} Loaded up in at 1.3593-95-85-82 {image}
+ 50 pips
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Don't trade what you think. Just what you see!!!
  • #627,884
  • Oct 4, 2021 6:46am Oct 4, 2021 6:46am
Quoting MTF Test
Considering correlation Bulls may end it's run. Waiting for a retrace .. 1.3600-120 levels
or start?
  • #627,885
  • Oct 4, 2021 6:49am Oct 4, 2021 6:49am
Quoting Maximumheigh
{quote} I am adding shorts at 1.3589. if we get to 1.360x, I will add my last shorts and observe from there. IMO
Placed my last short @1.3602 with 30pip SL. I will take my lost @1.3630
  • #627,886
  • Oct 4, 2021 6:53am Oct 4, 2021 6:53am
... nearest descending t/line is the 1hr/4hr one that joins 3912 with 3717 and on this current gmt+3 4hr candle comes thru 3630-35. Current dly hi @ top of this pot 4hr sbr zone in the 4 fib cluster 3600-10, with Dly R1 & Mthly Pivot.

4hr below.
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Trader with an Edge.
  • #627,887
  • Oct 4, 2021 6:53am Oct 4, 2021 6:53am
Try the sky. Sell 1.360 let see how much i can take on my pocket
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #627,888
  • Oct 4, 2021 6:56am Oct 4, 2021 6:56am
Quoting Georginson
{quote} A return to 1.34 will crush it further mate, I suggest you be on selling from 1.3580/1.3610 area. The yearly chart now clearly shows bearish, do not fight this trend, instead make friends with it. October 1.3620 ^ 1.3200 Cheers.
Be prepared for another round of deeper crash, only a break of 1.3680 will invalidate this.
Data + Stat + Risk/Emotions Management
  • #627,889
  • Oct 4, 2021 7:00am Oct 4, 2021 7:00am
im short again
@1.3604
Trade what you see, not what you think.. react and stay sharp..
  • #627,890
  • Oct 4, 2021 7:00am Oct 4, 2021 7:00am
Quoting Georginson
{quote} Be prepared for another round of deeper crash, only a break of 1.3680 will invalidate this.
1.368-9 look easy target for today or tomorrow, bulls building bunkers
hope it will drop anyway
  • #627,891
  • Oct 4, 2021 7:01am Oct 4, 2021 7:01am
4hr has seen 3 x fractal HH's now and a probably 3rd HL at today's currnet dly lo might form on close of current candle in 59mins....so that t/f continuing the signs of strength from fri last week although it is also conversely exhibiting bearish hidden div too ! Bulls have not got the ball over the line yet!
Trader with an Edge.
  • #627,892
  • Oct 4, 2021 7:02am Oct 4, 2021 7:02am
Quoting gatenio
{quote} 1.368-9 look easy target for today or tomorrow, bulls building bunkers hope it will drop anyway
Can you kindly remove that 'Easy'... I see this as a correction with these (1.3510, 1.3570 and 1.3640) previously outlined even before this bounce.

Mark 1.3680 area as the invalidation or a change of bias from bearish to Neutral.

I may be wrong but that's what I see.
Attached Image (click to enlarge)
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Data + Stat + Risk/Emotions Management
  • #627,893
  • Oct 4, 2021 7:03am Oct 4, 2021 7:03am
Selling here. Meet you at the LL Street, Apartment 1.33900
  • #627,894
  • Oct 4, 2021 7:14am Oct 4, 2021 7:14am
Quoting Georginson
{quote} Can you kindly remove that 'Easy'... I see this as a correction with these (1.3510, 1.3570 and 1.3640) previously outlined even before this bounce. Mark 1.3680 area as the invalidation or a change of bias from bearish to Neutral. I may be wrong but that's what I see. {image}
sorry.
not easy.
reasonable base of what i see.
  • #627,895
  • Oct 4, 2021 7:16am Oct 4, 2021 7:16am
Quoting Theoak
{quote} + 50 pips {image}
I can see this doing easy another 25 pips. So be careful bears!!!
Don't trade what you think. Just what you see!!!
  • #627,896
  • Edited 7:47am Oct 4, 2021 7:18am | Edited 7:47am
Quoting NotAtrader
{quote} There is a previous support sone 1.3600 - 1.3650 (now resistance sone) which needs to be retested before resuming downfall. I am not saying it wil happen, but there is a chance we can see such development. EDIT: It is sentimentality supported as well, as there are building talk about rate hikes. https://www.dailyfx.com/forex/fundam...ate-Hikes.html
Aproaching the lower end of the sone 1.3600 - 1.3650. This level appears to be the daily R1.
If failing to close above this level then we may see further downfall.

EDIT:Sorry for the TYPO. Corrected 1.6000 to 1.3600
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #627,897
  • Oct 4, 2021 7:21am Oct 4, 2021 7:21am
...some people are on the pitch...they think it's all over.....
Trader with an Edge.
  • #627,898
  • Oct 4, 2021 7:22am Oct 4, 2021 7:22am
Again Sold 1.3604 no tp no sl
  • #627,899
  • Oct 4, 2021 7:29am Oct 4, 2021 7:29am
Quoting gatenio
{quote} 1.368-9 look easy target for today or tomorrow, bulls building bunkers hope it will drop anyway
On the 4 hour I see the bulls have found support and may go much higher than 368 with the odd pullback of course.
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  • #627,900
  • Oct 4, 2021 7:31am Oct 4, 2021 7:31am
Quoting Georginson
{quote} Be prepared for another round of deeper crash, only a break of 1.3680 will invalidate this.
So confident George, but GU can sometimes be cruel and go one direction, I will only consider short if dxy give me signal of reversal around 93.62, which is 200MA on H1
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