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Cable Update (GBPUSD)

  • #630,661
  • Oct 13, 2021 3:04pm Oct 13, 2021 3:04pm
Quoting Stonar901
{quote} I have the same setup and I still can't see this pair except bearish
Stonar901, I only day trade, so I use the daily chart for reference only. Today's GU bar is impressive. Good luck with your trading.
Always trade your own plan...I don't provide trading signals.
  • #630,662
  • Oct 13, 2021 3:15pm Oct 13, 2021 3:15pm
Quoting Pat Chiko
{quote} If you're already in green better save yourself now She not ready to go down tonight Fight again tomorrow But if you insist. Face up the challage with swap and widening spread Tokyo will continue rhis up move to finish where NY left EDIT Insert chart {image}
Danger is no stranger to an Irish ranger
  • #630,663
  • Oct 13, 2021 3:15pm Oct 13, 2021 3:15pm
Quoting Mr.Burger
{quote} Coreg2004, Bullish
Mr.Burger, looks like on a 30M chart but X point has to be taken out. Check DX a 30M chart, there is a bullish bat pattern ready to fly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP 10.13 30M butterfly.png Size: 177 KB
Click to Enlarge Name: DX 10.13 bat pattern.png Size: 85 KB
Always trade your own plan...I don't provide trading signals.
  • #630,664
  • Oct 13, 2021 3:19pm Oct 13, 2021 3:19pm
Quoting W0lfram
{quote} Looks like another investment{image}
  • #630,665
  • Oct 13, 2021 3:20pm Oct 13, 2021 3:20pm
Quoting W0lfram
{quote} Looks like another investment{image}
You investing in a wrong pair.
Didn't you listen to V Putins speach today?
  • #630,666
  • Edited Oct 14, 2021 1:30am Oct 13, 2021 3:21pm | Edited Oct 14, 2021 1:30am
Quoting Coreg2004
{quote} Mr.Burger, looks like on a 30M chart but X point has to be taken out. Check DX a 30M chart, there is a bullish bat pattern ready to fly. {image} {image}
my apologies, I forgot to mention TF, D1 you shared I mean, the reaction from the Bullish butterfly after fails breakdown 1.27 AB=CD

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH12.png Size: 92 KB
Daddy, Brother, Lover, Little Boy
  • #630,667
  • Oct 13, 2021 3:28pm Oct 13, 2021 3:28pm
Quoting Jolita
{quote} You investing in a wrong pair. Didn't you listen to V Putins speach today?
Not yet. He said about oil?
Air force
  • #630,668
  • Oct 13, 2021 3:33pm Oct 13, 2021 3:33pm
Quoting W0lfram
{quote} Not yet. He said about oil?
Yes. Priced at 100
  • #630,669
  • Oct 13, 2021 3:43pm Oct 13, 2021 3:43pm
Sold GU.

Let's wait and see...
You have to have an IQ higher than 90 to interact with this user.
  • #630,670
  • Oct 13, 2021 3:45pm Oct 13, 2021 3:45pm
Quoting iqyu5an
{quote} So many home works with weekly inside bar .... Have a weekend. https://youtu.be/VChqmdhRO1w
Bullish BAMM detected to break mother candle
not euphoria follower
  • #630,671
  • Oct 13, 2021 4:14pm Oct 13, 2021 4:14pm
... v. bullish dly thrust candle close engulfing last 3 candle bodies on that t/f. 2nd HL @ tues/current wkly lo 3568, confirmed by by it's close. 1hr could probably be considered to be in a general uptrend whilst 4hr remains rangy-bullish. Just when it was looking like the dly/wkly downtrend would continue with mon and tues dly candles, and bang! - a strong move north today. Perhaps tues's dly candle was an inverted hammer/hanging man? It did after all occur at the top of a prev sw lo zone on that t/f - now a prev sw lo x 2 zone = prev supp = pot supp.

Price @ what is now y/day's hi (per this dly candle [gmt+3,]) just sneaked into bottom of the 4hr and dly part of the prev 1hr/4hr/dly sw hi zone = prev res=pot res leading to 3674 current wkly hi. 50% 3912-3411 there too in that zone. Higher in the zone around the 3674 current wkly hi are Wkly R1 and 76.4% 3751-3411.

Dly below.
Attached Image (click to enlarge)
Click to Enlarge Name: 8488e9d79411617315741740d2fbc2cf.png Size: 39 KB
Trader with an Edge.
  • #630,672
  • Oct 13, 2021 4:19pm Oct 13, 2021 4:19pm
Quoting Jolita
{quote} Yes. Priced at 100
You can watch on Utube.
Putin sounds angry about all fuel issue, political conflicts. Also tension in Lebanon, could cause civil war.
  • #630,673
  • Oct 13, 2021 4:39pm Oct 13, 2021 4:39pm
How reducing bond bying by $120bn would affect US dollar? Tappering typically lift the currency, but reducing will make lower affect?
Looking at last tappering on Gbp which was increased in Nov 2020, sterling had few months of green candles. What do you think will happen in this new scenario?
  • #630,674
  • Oct 13, 2021 5:04pm Oct 13, 2021 5:04pm
Quoting Nordling00
Sold GU. Let's wait and see...
fed just told you ,
you are wrong
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-10-13 at 23.01.39.png Size: 179 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #630,675
  • Oct 13, 2021 5:08pm Oct 13, 2021 5:08pm
Quoting Bones
{quote} fed just told you , you are wrong {image}
We will see
You have to have an IQ higher than 90 to interact with this user.
  • #630,676
  • Oct 13, 2021 5:35pm Oct 13, 2021 5:35pm
Quoting Bones
{quote} fed just told you , you are wrong {image}
How are these 4h candles different..... is it custom changed the period?
  • #630,677
  • Oct 13, 2021 5:44pm Oct 13, 2021 5:44pm
Quoting Jolita
{quote} You investing in a wrong pair. Didn't you listen to V Putins speach today?
Probably. Another bad call I posted¯\(°_o)/¯ will cover with buys and annihilate it. Not sure yet
Are you buying Cable?
Air force
  • #630,678
  • Oct 13, 2021 5:56pm Oct 13, 2021 5:56pm
Next general resistance zone
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 10 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 9 KB
Compulsions can be hard to resist
  • #630,679
  • Oct 13, 2021 6:02pm Oct 13, 2021 6:02pm
https://tradingeconomics.com/united-kingdom/currency

The British pound appreciated to $1.36 in October, moving further away from a nine-month low of $1.341 hit earlier in the month, amid expectations the Bank of England will be raising interest rates sooner-than-expected. Official Michael Saunders said investors were right to bet on faster increases in borrowing costs, while Governor Andrew Bailey warned of a “very damaging” period of inflation unless policymakers take action. At the same time, concerns over the British economy mounted due to a surge in energy prices and the shortage of workers in the wake of Brexit and the COVID pandemic, while investors also worry about the unemployment outlook as a furlough scheme introduced to mitigate the effects of the pandemic ended in September. Elsewhere, the dollar remained close to a one-year high as the US Federal Reserve is seen tapering its bond-buying scheme in November.

I personally am staying away from this pair because they are both strong currencies. I have been selling EURUSD.

Forecast for the GBPUSD next is 1.33. Trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 87 KB
  • #630,680
  • Oct 13, 2021 6:03pm Oct 13, 2021 6:03pm
Quoting W0lfram
{quote} Probably. Another bad call I posted¯\(°_o)/¯ will cover with buys and annihilate it. Not sure yet Are you buying Cable?
I was only kidding in respond to your submarine joke.

Yes, have couple short trades running. Will close by Friday.
I was bying when was selling.
Switched sides now I am selling when is rising. Typical lol
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