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Cable Update (GBPUSD)

  • #631,921
  • Oct 19, 2021 1:23am Oct 19, 2021 1:23am
Quoting FraterRedox
{quote} {image}

TL is base on swings


thats the channel

92.00 buy zone

91.50 fakeout the buyers just as we had 89.50 fakeout for liquidity
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MY OPINION NOT FINANCIAL ADVISE
  • #631,922
  • Oct 19, 2021 1:23am Oct 19, 2021 1:23am
I have shorted 3776
Stop 3782

6 pips stop only
Intraday only.
  • #631,923
  • Oct 19, 2021 1:29am Oct 19, 2021 1:29am
Awaiting LO
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #631,924
  • Oct 19, 2021 1:33am Oct 19, 2021 1:33am
Quoting donfriday
{quote} depend on nov FOMC dxy could be going down for more demand 92 or 9150 {image}
Let's pretend that there is no FOMC
  • #631,925
  • Oct 19, 2021 1:40am Oct 19, 2021 1:40am
If today's candle can end bearish with a long upper wick, that's the confirmation the bears need for uninterrupted fall. 1.3780 - 1.3820 is now the final risk for bears in my opinion before quick turn of event to 1.3370/1.3250. Good money management should fix this as a swing trader.
Data + Stat + Risk/Emotions Management
  • #631,926
  • Oct 19, 2021 1:42am Oct 19, 2021 1:42am
Quoting Georginson
If today's candle can end bearish with a long upper wick, that's the confirmation the bears need for uninterrupted fall. 1.3780 - 1.3820 is now the final risk for bears in my opinion before quick turn of event to 1.3370/1.3250. Good money management should fix this as a swing trader.
Yes, its last chckpoint for tdy
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #631,927
  • Oct 19, 2021 1:45am Oct 19, 2021 1:45am
Quoting Georginson
If today's candle can end bearish with a long upper wick, that's the confirmation the bears need for uninterrupted fall. 1.3780 - 1.3820 is now the final risk for bears in my opinion before quick turn of event to 1.3370/1.3250. Good money management should fix this as a swing trader.
Am also in the 1.33 club. Reason, Dollar is in a clear uptrend and we're just in pullback to daily demand. Dollar is in breakout mode to the next weekly supply which is much higher up. I won't make that trade of course as I have no patience. DXY can go to 97 area I think
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  • #631,928
  • Oct 19, 2021 1:46am Oct 19, 2021 1:46am
Quoting bigiivan
{quote} Let's pretend that there is no FOMC

pretend no fire and jump inside gasoline while ur friend hold a cigarette
MY OPINION NOT FINANCIAL ADVISE
  • #631,929
  • Oct 19, 2021 1:51am Oct 19, 2021 1:51am
Quoting donfriday
{quote} pretend no fire and jump inside gasoline while ur friend hold a cigarette
  • #631,930
  • Oct 19, 2021 1:56am Oct 19, 2021 1:56am
Everything looks to be on a resistance at the moment.
  • #631,931
  • Oct 19, 2021 1:59am Oct 19, 2021 1:59am
Quoting Eren10
Everything looks to be on a resistance at the moment.
Yes agreed my friend
  • #631,932
  • Oct 19, 2021 1:59am Oct 19, 2021 1:59am
Buy the pullbacks. It could be up to 1.3735 - 1.3747. Any move below 1.3735 stay away from buying.

I'll start to buy as closer it gets to 1.3750.
  • #631,933
  • Oct 19, 2021 2:00am Oct 19, 2021 2:00am
Quoting Moty
Still no bears {image}
MOTY, MOTY, MOTY, please you need to reconsider your positions, i think you are buying at a very high price, the move today is likely to be massive and possibly down move, may someone never be on the wrong side today!!!
  • #631,934
  • Oct 19, 2021 2:04am Oct 19, 2021 2:04am
i think we have lost the first liquidity of sell from 13915 higher high coming back to 13775

if we should go down we need to go above 13915 to have new liquidity for the drop but now we are back in the range and we have first support at 136.


careful trading GU this last quarter the chart is not looking clear at all
MY OPINION NOT FINANCIAL ADVISE
  • #631,935
  • Oct 19, 2021 2:07am Oct 19, 2021 2:07am
Goodmorning friends, it's another trading day and opportunities although movement inbox EU and US sessions were limited yesterday and we have seen a bullish overnight Asia trading session today,but first we wish to emphasize that seeing yesterday support firmly held @1.3725 and the resistance @1.3786 confirms that cable is in a ranging week given that the selling of dollar should not be lower than 1.3786(I.e exceed that mark) by any trader by Friday as price shall tend to fall and close at 1.3786 Friday.For today overall sentiments for events remains bearish and technically the Europeans are bearish this morning yet we expect the Americans to go bullish later today. Happy trading
  • #631,936
  • Oct 19, 2021 2:14am Oct 19, 2021 2:14am
1.37700 - 1.37850 lets see where its headed
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #631,937
  • Oct 19, 2021 2:19am Oct 19, 2021 2:19am
Quoting donfriday
i think we have lost the first liquidity of sell from 13915 higher high coming back to 13775 if we should go down we need to go above 13915 to have new liquidity for the drop but now we are back in the range and we have first support at 136. careful trading GU this last quarter the chart is not looking clear at all
50% of 1.4249 (high) and 1.3411 (low) is 1.3830.
✓above 1.3830 means 1.45 by or before year end;
✓below 1.3830 means 1.31 by or before year end.

1.45 (30%) chance
1.31 (70%) chance.

October Close decides the destination.
Data + Stat + Risk/Emotions Management
  • #631,938
  • Oct 19, 2021 2:23am Oct 19, 2021 2:23am
today if price close below 1.37200 - 1.36700 will be marked

on above , ive marked 1.37800-1.37900 area for sell , will see how it reacted
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #631,939
  • Oct 19, 2021 2:34am Oct 19, 2021 2:34am
Quoting Dethorn
GBPUSD- up move not complete yet {image}
gbpusd update
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  • #631,940
  • Oct 19, 2021 2:39am Oct 19, 2021 2:39am
Watch out the prices mentioned in the chart.

Support zone: 1.3735 - 1.3750

FYI: Stay away from selling below 1.3735, until you see a 4hr closes above 1.3747.

Resistance zone: Multiple areas.

1.3815 - 1.3845 - 1.3865.

1.3845 is 200MA on DAILY.
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