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Cable Update (GBPUSD)

  • #627,921
  • Oct 4, 2021 9:37am Oct 4, 2021 9:37am
Quoting Mr.Burger
{quote} Thanks Coreg2004, nice analysis from you always, I hope fifth wave extension in uptrend right on my WR 61.8 ~ wish me luck budd
WR 61.8 is always more important than W:1-5 on lower TF ...You know your books...
Always trade your own plan...I don't provide trading signals.
  • #627,922
  • Oct 4, 2021 9:43am Oct 4, 2021 9:43am
1st chart that i've shared on 29th sep. I mentioned that it 'll retest at least 1.36 before making any sort of correction. And compare this chart with today.

Watch out the BLACK TL.

1.3750 is the BIG DADDY
Attached Image (click to enlarge)
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  • #627,923
  • Oct 4, 2021 10:01am Oct 4, 2021 10:01am
Quoting gatenio
{quote} if the bearish divergence will be confirm. we might get LL on h1.. 1.350 first target after that 1.346X. base 1h. 4h different story, cant read it, bulls look fresh. bullish divergence both targets hits {image}
rsi and macd confirmed.
stop must be above todays high.
target 100-150 pips

1.35—>1.346
  • #627,924
  • Oct 4, 2021 10:02am Oct 4, 2021 10:02am
Voyage to Wonderful LowLand started?
  • #627,925
  • Oct 4, 2021 10:02am Oct 4, 2021 10:02am
What a day it is. 40 pip drop on last hourly candle. May be a buying opportunity again?
  • #627,926
  • Oct 4, 2021 10:06am Oct 4, 2021 10:06am
Quoting IBabyTrader
What a day it is. 40 pip drop on last hourly candle. May be a buying opportunity again?
We are looking at aggressive Dollar strength !
Fools Rushing
  • #627,927
  • Oct 4, 2021 10:06am Oct 4, 2021 10:06am
Quoting IBabyTrader
What a day it is. 40 pip drop on last hourly candle. May be a buying opportunity again?
no..
  • #627,928
  • Oct 4, 2021 10:12am Oct 4, 2021 10:12am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 10-04-2021 18.11.jpg Size: 154 KB
yes yes yes
  • #627,929
  • Oct 4, 2021 10:14am Oct 4, 2021 10:14am
Quoting Moty
{image}
take the money and call it a day!
  • #627,930
  • Oct 4, 2021 10:23am Oct 4, 2021 10:23am
Quoting Moty
{image}
you still in blue pips.. stop and take your profit.. dont let market go against you
Trade what you see, not what you think.. react and stay sharp..
  • #627,931
  • Oct 4, 2021 10:25am Oct 4, 2021 10:25am
Hmm, was waiting to catch that reversal but didn't quite make it. Passed by my supply area seemingly attracted to the upper TL which held as resistance. I'd consider short if theres a substantial retrace.
  • #627,932
  • Oct 4, 2021 10:27am Oct 4, 2021 10:27am
Quoting Headland
...some people are on the pitch...they think it's all over.....
it is now.

Or at least the bulls win the intraday battle. The war is never won.

Just back @ desk updating charts/seeing what I missed. 3 x HL's and what will be a 3rd consec HH on 4hr now (3 candle fractals,) and conversely the bearish hidden div still present @ the current dly hi - 3640 on that t/f. That 1st desc t/line and 38.2% 3983-3411 @ that current dly hi.

Perhaps a few longer-term bears surprised by the strength of what may still turn out to be be a pullback in the dly/wkly downtrends? The clues were there on Friday I think.

Dly below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #627,933
  • Oct 4, 2021 10:28am Oct 4, 2021 10:28am
Short 2 positions,
target min.1.35

Attached Image (click to enlarge)
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  • #627,934
  • Oct 4, 2021 10:40am Oct 4, 2021 10:40am
Quoting thevisitor
Short 2 positions, target min.1.35 {image}
Nice Sell, but i think that it will reach the 1.3741 Level thanks to the Institutional Order at the level 1.3650

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2021-10-04_17-38-59.png Size: 107 KB

Remember it's only my personal opinion, i'm not giving financial advice

Stay Safe
My entire life in one sentence: it didn't go as planned, and that's ok.
Random Scalper All Time Return: 8.9%
  • #627,935
  • Oct 4, 2021 10:42am Oct 4, 2021 10:42am
So, 1hr and 4hr are in uptrend per fractal swing analysis although you can't help thinking this is a pullback in the dly/wkly downtrends. Not great downtrends them mind you, per the same analysis, but more bearish overall than bullish on those t/f's right now.

124% of 30day adr reached current lo-hi today, so another > 30day adr day! Getting to be a habit this? Hope so.

1hr is below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #627,936
  • Oct 4, 2021 10:43am Oct 4, 2021 10:43am
1$ margin call
MY OPINION NOT FINANCIAL ADVISE
  • #627,937
  • Oct 4, 2021 10:44am Oct 4, 2021 10:44am
Quoting iqyu5an
{quote} Bisa in slow mode till 3650 - 3690 an {image}
still possible
not euphoria follower
  • #627,938
  • Oct 4, 2021 10:45am Oct 4, 2021 10:45am
Sold @13604.9 -
TP1 - 13560 - Daily Pivot
TP2 - 13540 - S1
  • #627,939
  • Oct 4, 2021 10:48am Oct 4, 2021 10:48am
Quoting iqyu5an
{quote} Other leading currency already telling something
meanwhile UJ never lies .... happy to hold UJ sell off
not euphoria follower
  • #627,940
  • Oct 4, 2021 10:58am Oct 4, 2021 10:58am
Quoting KnifeS2
{quote} Nice Sell, but i think that it will reach the 1.3741 Level thanks to the Institutional Order at the level 1.3650 {image} Remember it's only my personal opinion, i'm not giving financial advice Stay Safe
Yes, KnifeS2.
1.3750 after drop to 1.35, maybe lower 1.3460
MAYBE...
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