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Cable Update (GBPUSD)

  • #639,621
  • Nov 17, 2021 2:20am Nov 17, 2021 2:20am
add more @1.34400 and lets the party start
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #639,622
  • Nov 17, 2021 2:22am Nov 17, 2021 2:22am
Inflation in Britain rose to 4.2% in October and exceeded expectations.
The report will strengthen expectations that the central bank will raise interest rates next month
After that we can grow to 1.36
Trendlines H1,H4, SMC
  • #639,623
  • Nov 17, 2021 2:23am Nov 17, 2021 2:23am
GA sellers hold your horses. Just my zero cent.
  • #639,624
  • Nov 17, 2021 2:26am Nov 17, 2021 2:26am
Quoting josip
Inflation in Britain rose to 4.2% in October and exceeded expectations. The report will strengthen expectations that the central bank will raise interest rates next month After that we can grow to 1.36
banks inflated gbp on news and then sold heavily to trap retail
  • #639,625
  • Nov 17, 2021 2:28am Nov 17, 2021 2:28am
Quoting Ihlas
GA sellers hold your horses. Just my zero cent.
Why??
  • #639,626
  • Nov 17, 2021 2:28am Nov 17, 2021 2:28am
playing between the upper and lower range
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 31 KB
trading is like dancing, don't think and just listen to the music!
  • #639,627
  • Nov 17, 2021 2:30am Nov 17, 2021 2:30am
Update1
we need to overcome todays low to get lower, and overcome R to get higher

R can be overcome, becouse EU/USD is growing.... just thinking

or we can stay somewhere between for today
Attached Image (click to enlarge)
Click to Enlarge Name: fg.png Size: 56 KB
Trendlines H1,H4, SMC
  • #639,628
  • Edited 2:43am Nov 17, 2021 2:30am | Edited 2:43am
TOTAL GU :


GU.........DOWN...............UP

( V- Band : You draw a line ).

GU > 1.34111 : The Price go up.
GU < 1.34111 : The Price go down.


My Chart : Easy.

- A red point make the price going down.
- A white point make the price going up.
Attached Image (click to enlarge)
Click to Enlarge Name: JUMP.jpg Size: 162 KB
  • #639,629
  • Nov 17, 2021 2:30am Nov 17, 2021 2:30am
Quoting Headland
1min bullish hidden div failed to see a with 5min+ uptrend follow thru to a new trend hi after initial data spike up & pullback.....there is a scope for a 5min bullish hidden div though if it sets-up. Not sure 30min is trending up though - so not optimum on that next higher t/f in that t/f combo, more rangy on that t/f than anything atm, well rangy-bullish anyways. 1hr is below. {image}
Well it did, in fact 1min gave the regular bullish div earlier (but potentially riskier) entry ...let's see if we get a new hi? Opposing hammers on 30min.

5min, then 1hr below.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 86aca17d0d60f28781f540027d3c49d6.png Size: 48 KB
Click to Enlarge Name: 093a907b01057793cd9e1ec8d79ac8be.png Size: 48 KB
Trader with an Edge.
  • #639,630
  • Nov 17, 2021 2:31am Nov 17, 2021 2:31am
https://www.mql5.com/en/charts/14891...-group-limited
  • #639,631
  • Nov 17, 2021 2:36am Nov 17, 2021 2:36am
Quoting phd893
https://www.mql5.com/en/charts/14891...-group-limited

Do u happen to have any good indicators for mt5?
  • #639,632
  • Nov 17, 2021 2:36am Nov 17, 2021 2:36am
the second heaven line is hitted again , let see if it wanna going down , it will started soon
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #639,633
  • Nov 17, 2021 2:38am Nov 17, 2021 2:38am
Quoting phd893
https://www.mql5.com/en/charts/14891...-group-limited

  1. right click on that chart in mql5 and open it in new tab
  2. that will give you image url
  3. in FF click on upload from url
  4. try it

  • #639,634
  • Nov 17, 2021 2:41am Nov 17, 2021 2:41am
the lines are 200 sma MTF

despite the good news GU is still bearish
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 29 KB
  • #639,635
  • Nov 17, 2021 2:45am Nov 17, 2021 2:45am
USDCAD action during CAD CPI means USD will weaken

giving strength to gbp cpi taking GU up
  • #639,636
  • Nov 17, 2021 2:49am Nov 17, 2021 2:49am
last bullet added , see ya on NYO again , exist when the wave hit back >.<
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #639,637
  • Nov 17, 2021 2:58am Nov 17, 2021 2:58am
I was stopped out initially but I manage to get in again...
Well, I’m shorting again in anticipation that prices will break a particular support 1.34100/1.34200.
It’s 50/50 market because there liquidity grab at both ends but looking at the behavior of the market I’ll short it...

Whenever you’re stopped out don’t get angry and don’t risk more than 3%
My telegram: https://t.me/avidforex
  • #639,638
  • Nov 17, 2021 3:01am Nov 17, 2021 3:01am
A waste of time trying to trade in these conditions!!!!
Don't trade what you think. Just what you see!!!
  • #639,639
  • Nov 17, 2021 3:02am Nov 17, 2021 3:02am
Quoting BigNumbers
I was stopped out initially but I manage to get in again... Well, I’m shorting again in anticipation that prices will break a particular support 1.34100/1.34200. It’s 50/50 market because there liquidity grab at both ends but looking at the behavior of the market I’ll short it... Whenever you’re stopped out don’t get angry and don’t risk more than 3%

market wants to go down, but GBP is not really giving a reason.
What I have come to realise, the price goes to critical areas and news decides if these areas hold or break
  • #639,640
  • Nov 17, 2021 3:03am Nov 17, 2021 3:03am
Quoting Jolita
{quote} According to meating minutes 'Economy is recvering to pre-pandemic levels' , which was around 165. Possible reversal. Another speach in less than 2 hrs. Going long. Will set first target at your first tp line.
Tp on first line hit this morning. Re-entered same trade.
Thanks Robinhood!
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