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Cable Update (GBPUSD)

  • #633,141
  • Oct 23, 2021 6:09am Oct 23, 2021 6:09am
a lot of people are drawn in by is the central bank rhetoric ,that's there job to display confidence ,they are in control
as far I'm concerned the general media plays along ,like their trustworthy
when they have the worst track record ever
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #633,142
  • Oct 23, 2021 7:09am Oct 23, 2021 7:09am
Gbpusd game plan - chart speaks
  • #633,143
  • Oct 23, 2021 7:11am Oct 23, 2021 7:11am
Quoting Bones
{quote} show me what you mean Eur strength , {image} {image} {image}
I mean Euro/Usd on the daily chart, the bullish run for the last 10-15 candles.

Is it just a pullback, or is it the beginning of a bullish trend? If it is the beginning of a bullish trend, why? Thanks in advance.
You have to have an IQ higher than 90 to interact with this user.
  • #633,144
  • Oct 23, 2021 7:11am Oct 23, 2021 7:11am
Quoting T721
Gbpusd game plan - chart speaks
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GBPUSD
  • #633,145
  • Oct 23, 2021 7:31am Oct 23, 2021 7:31am
Quoting Pram808
{image}just tired looking picture witch pointing the direction of market without any information and reason, Please....
ok
  • #633,146
  • Oct 23, 2021 7:51am Oct 23, 2021 7:51am
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  • #633,147
  • Oct 23, 2021 8:04am Oct 23, 2021 8:04am
Monday should be bullish target remains 1.3850, buy the dip at LO

Quoting birdland
first level is cleared now, next level is now 1.3595, which can be reached next week. {image}
This does not look cleared to me
  • #633,148
  • Oct 23, 2021 8:29am Oct 23, 2021 8:29am
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just a friday correction price touching my lower channel H4 , expect upward moves as long as candles open and close stay above 1.3727
Trends have a higher probability of continuing than not.
  • #633,149
  • Oct 23, 2021 11:15am Oct 23, 2021 11:15am
Inserted Video
  • #633,150
  • Oct 23, 2021 12:35pm Oct 23, 2021 12:35pm
Quoting Nordling00
{quote} I mean Euro/Usd on the daily chart, the bullish run for the last 10-15 candles. Is it just a pullback, or is it the beginning of a bullish trend? If it is the beginning of a bullish trend, why? Thanks in advance.
not sure ,all I was saying was euro +$ have been weak only $ slightly more, its why the dxy holds up (EUR) 57.6% weight ,
my posted index is evenly weighted V the majors
then EU isn't a great pair to trade at all
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #633,151
  • Oct 23, 2021 12:47pm Oct 23, 2021 12:47pm
Alright…
What have we got here?!
This is a typical example of a hourly confirmed bearish divergence.
RSI and MACD are losing power while the price almost fails to make a HH.
The trend line connecting the support points is broken and penetrated inside the red circle which is the divergence confirmation. During the whole Friday’s European session the price couldn’t return back above the broken trend line. This is a solid bearish confirmation.
Let’s see what the beginning of the next week brings.

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No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #633,152
  • Oct 23, 2021 1:04pm Oct 23, 2021 1:04pm
Quoting Bones
{quote} not sure ,all I was saying was euro +$ have been weak only $ slightly more, its why the dxy holds up (EUR) 57.6% weight , my posted index is evenly weighted V the majors then EU isn't a great pair to trade at all {image}
It really isn't lately. Well i have figured out why GBP and even AUD (RBA is dovish tho) is appreciating against USD but i can't see any reasons behind Euro's strength against USD on the daily chart. It's becoming too big to call just a pullback. I don't what to call it, and why this is happening. As far as i know, FED is in a point between being neutral and hawkish, but even that should be enough to beat a dovish ECB.

Maybe this has something to do with supply chain crisis?
You have to have an IQ higher than 90 to interact with this user.
  • #633,153
  • Edited Oct 24, 2021 10:17am Oct 23, 2021 1:49pm | Edited Oct 24, 2021 10:17am
Quoting mysterio
Monday should be bullish target remains 1.3850, buy the dip at LO {quote} This does not look cleared to me
My look is the oposite.
Dxy has bounced of weekly support. Direction is up, meaning sell pairs xxxusd and buy usdxxx.

My first ever dislike received. Thanks a lot. Sorry i agree, posting to much nonsence recently. Will improve.
  • #633,154
  • Oct 23, 2021 2:50pm Oct 23, 2021 2:50pm
Quoting Jolita
{quote} My look is the oposite. Dxy has bounced of weekly support. Direction is up, meaning sell pairs xxxusd and buy usdxxx.
Spot on...
Data + Stat + Risk/Emotions Management
  • #633,155
  • Oct 23, 2021 3:02pm Oct 23, 2021 3:02pm
Quoting Jolita
{quote} My look is the oposite. Dxy has bounced of weekly support. Direction is up, meaning sell pairs xxxusd and buy usdxxx.
I see nothing bullish on this USD chart. Maybe a little up next week, before a bigger drop towards 92-92.50. Might be wrong, of course.
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Everyone can see the chart, but only a few can actually read it.
  • #633,156
  • Oct 23, 2021 3:23pm Oct 23, 2021 3:23pm
Quoting OnlineAddict
{quote} I see nothing bullish on this USD chart. Maybe a little up next week, before a bigger drop towards 92-92.50. Might be wrong, of course.{image}
there is a lot of bullish pa printed on that weekly chart. imo.
be a thinker before being a reacter
  • #633,157
  • Oct 23, 2021 3:49pm Oct 23, 2021 3:49pm
Quoting Jolita
{quote} My look is the oposite. Dxy has bounced of weekly support. Direction is up, meaning sell pairs xxxusd and buy usdxxx.
I'm with you, I just think up first. I'm strictly intraday. I can be wrong obvi

1.3850
  • #633,158
  • Oct 23, 2021 4:03pm Oct 23, 2021 4:03pm
Quoting mysterio
{quote} I'm with you, I just think up first. I'm strictly intraday. I can be wrong obvi 1.3850
Too many obstacles to 3850 I guess. But if GU is really going down to 36/35, it may need to touch the fuel station above last week high IMHO
  • #633,159
  • Oct 23, 2021 8:54pm Oct 23, 2021 8:54pm
Quoting Jolita
{quote} My look is the oposite. Dxy has bounced of weekly support. Direction is up, meaning sell pairs xxxusd and buy usdxxx.

can you share a chart of your weekly support pls?

checkout this illustration
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MY OPINION NOT FINANCIAL ADVISE
  • #633,160
  • Oct 24, 2021 5:32am Oct 24, 2021 5:32am
Quoting mysterio
{quote} I'm with you, I just think up first. I'm strictly intraday. I can be wrong obvi 1.3850
hard to tell, the late drop on Friday was not out of the blue.
price reject time after time time this week to 1.383 which is AB=CD from top to bottom last swing high
i think price will start to look for a new cycle now and will start with correction this is why i closed all my short with a loss on Friday

need to play careful this week.

waiting for the levels/TL below
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