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Cable Update (GBPUSD)

  • #636,441
  • Nov 5, 2021 8:39am Nov 5, 2021 8:39am
Quoting Jolita
{quote} I still think 13830-50 will be re-tested (or broken). The sell is temporary reaction to rate confusion. Well, I am 50/50.

me too
Im expecting a curveball somewhere..lol
  • #636,442
  • Nov 5, 2021 8:40am Nov 5, 2021 8:40am
Quoting giveachance
dont be surprised if we end the day above 3510
I cant relay see any evidence they will close anywhere near that tbh.

Lets see
  • #636,443
  • Nov 5, 2021 8:42am Nov 5, 2021 8:42am
Quoting Ansab001
{quote} I cant relay see any evidence they will close anywhere near that tbh. Lets see
I dont see them closing lower either. lets see the option expiry and bank fix in another 1 hr. that should give clue
  • #636,444
  • Nov 5, 2021 8:45am Nov 5, 2021 8:45am
Quoting nAVIN2007
{quote} me too Im expecting a curveball somewhere..lol
You are no longer 1.33 area @Navin.. Lol. FF sucks at times
  • #636,445
  • Nov 5, 2021 8:48am Nov 5, 2021 8:48am
Quoting nAVIN2007
{quote} u think the people having big position are thinking of closing there trades because it is a Friday give me a break Just a reaction traders are noticing the level (potential double bottom)
as we know Fridays always plays a curveball and profiteering generally happens on Friday afternoons
Insane in the Brain..
  • #636,446
  • Nov 5, 2021 8:49am Nov 5, 2021 8:49am
Quoting iqyu5an
{quote} What upper channel for ?
sorry, not sure what you mean. can you explain more
  • #636,447
  • Nov 5, 2021 8:49am Nov 5, 2021 8:49am
135-13510 is top end I think today. The pressure is on the pair.
Insane in the Brain..
  • #636,448
  • Nov 5, 2021 8:50am Nov 5, 2021 8:50am
Quoting gatenio
{quote} thanks, the question is, your treasury map showed todays low?
Answer to your question The EG has a little bit higher target. When it reaches, GU will make it's low for up target.
Here was the approximate target for GU for today. As it didn't completed fully, the double bottom is most possible for me taking into consideration EG. I update when it breaks the lines cause it's for lower timeframes
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 32 KB
  • #636,449
  • Nov 5, 2021 8:55am Nov 5, 2021 8:55am
Quoting Ihlas
{quote} Answer to your question The EG has a little bit higher target. When it reaches, GU will make it's low for up target. Here was the approximate target for GU for today. As it didn't completed fully, the double bottom is most possible for me taking into consideration EG. I update when it breaks the lines cause it's for lower timeframes {image}
1.35259? The red line?
  • #636,450
  • Nov 5, 2021 8:55am Nov 5, 2021 8:55am
  •  turnfx
  • | Joined Dec 2014 | Status: Only money management is the key of | 334 Posts
Coming home ...
  • #636,451
  • Nov 5, 2021 8:58am Nov 5, 2021 8:58am
Today, I repeat, is Friday and price will most likely move in one direction which is down. I think the scalp buy is close but we have to be vigilant. Buy the lowest possible. The people selling this thing are not smiling at all. If they don't stop moving down today then Monday most likely is the retracement day.
  • #636,452
  • Nov 5, 2021 9:03am Nov 5, 2021 9:03am
Quoting Mitiblotch
Today, I repeat, is Friday and price will most likely move in one direction which is down. I think the scalp buy is close but we have to be vigilant. Buy the lowest possible. The people selling this thing are not smiling at all. If they don't stop moving down today then Monday most likely is the retracement day.
this is just a theory.. sometimes work sometimes not, like LC theory.
the price went down circa 80 and up circa 50.
so it running both ways.
  • #636,453
  • Nov 5, 2021 9:11am Nov 5, 2021 9:11am
Quoting gatenio
{quote} 1.35259? The red line?
When they touched that line, they have eaten it. That's previous treasure map line and next treasure map. And for 1H timeframe. Most don't remove them
  • #636,454
  • Nov 5, 2021 9:13am Nov 5, 2021 9:13am
Quoting gatenio
{quote} this is just a theory.. sometimes work sometimes not, like LC theory. the price went down circa 80 and up circa 50. so it running both ways.
True. Just a theory. I am also intending to buy but at the lowest place possible. Moreover it didn't go up. Price is still firmly in bear territory. The day is just starting out in NY. If they sell then down. The line in the sand is that 3411.
  • #636,455
  • Nov 5, 2021 9:20am Nov 5, 2021 9:20am
Gbpaud I have longed
  • #636,456
  • Nov 5, 2021 9:26am Nov 5, 2021 9:26am
Attached Image (click to enlarge)
Click to Enlarge Name: 87E37A85-A6F1-4F88-803A-3516BEB795B1.png Size: 263 KB
  • #636,457
  • Nov 5, 2021 9:30am Nov 5, 2021 9:30am
Quoting gatenio
{image}

I think we may see 1.37 to take out stops to the downside..anyways small steps
  • #636,458
  • Nov 5, 2021 9:34am Nov 5, 2021 9:34am
Quoting gatenio
{image}
I really expect that 3411 to hold for the next retracement upwards. If price doesn't correct upward much today, maybe a little move down on Monday and then up same day. The sell-off was overdone. What did Bailey say that Lagarde hasn't said. In fact, the UK is better than Eu generally speaking. So what was the drop all about? They call it liquidity.
  • #636,459
  • Nov 5, 2021 9:36am Nov 5, 2021 9:36am
  •  turnfx
  • | Joined Dec 2014 | Status: Only money management is the key of | 334 Posts
Quoting turnfx
Coming home ...
3470 again sell
  • #636,460
  • Nov 5, 2021 9:40am Nov 5, 2021 9:40am
Quoting nAVIN2007
{quote} I think we may see 1.37 to take out stops to the downside..anyways small steps
im not going to flif and short. dont worry
Im trying to take my sup&dem strategy one step further.
so im newbie now.
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