Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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Post #645,181
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Dec 16, 2021 1:59am Dec 16, 2021 1:59am

Moty
Joined Dec 2017 | Status: Member | 18,314 Posts

Quoting Mitiblotch

Disliked

{quote} Sometimes GU does crazy things. Let's see. It appears to me 3220 should be hit again before any rise. Maybe.

Ignored

we have a lot of data and news announcements today
anything is possible

i will take 1.33100 that will give me 100$ profit

Post #645,182
Quote
Dec 16, 2021 2:05am Dec 16, 2021 2:05am

kris89
Joined Mar 2021 | Status: Crazy Frog | 3,710 Posts

the LO should get more higher price on GU , the optimis of the england growth with a good data as far release , a good data = good economic growth = strong GBP
and technical is support also with the daily close yesterday , so we will expect more higher / break that 1.33200

"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"

Post #645,183
Quote
Dec 16, 2021 2:09am Dec 16, 2021 2:09am

BeeTogether
Joined Oct 2020 | Status: Member | 3,447 Posts | Online Now

I added another long last night just before the FOMC at 13217 area. TP is 133-13350 SL already moved to 13230

Post #645,184
Quote
Dec 16, 2021 2:09am Dec 16, 2021 2:09am

stevepatt
Joined Dec 2010 | Status: Never Stop Learning | 4,629 Posts

Quoting stevepatt

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{quote} GBP/USD H4 Observations 2 {image}

Ignored

GBP/USD H4 Observations

FOMC used to drop Price into Liquidity

Price is going to need another Boost of Bullish Liquidity if it is going to Break through the Zone of Selling....

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Post #645,185
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Edited at 2:43am Dec 16, 2021 2:27am | Edited at 2:43am

fontu
Joined Mar 2008 | Status: Name real with real own way | 17,428 Posts

deteriorate pandemic elsewhere , say uk yesterday 78k new cases per day & confirmed a a new wave up , mighty wave 2 in impulse , much more to come possible then 100- 150k + shortly !market unrest a little also possible .

so bounce enough too, to 3288 to confirm for 3370, 3409 all possible ! take care
similarly waiting for global MIGHTY wave 2 UP TOO!! may Allah bless all !! all technical & much more to do fundamentally ty not happen !!

monthly bear ok , already continue still if it bounce to 3408 will not harm any for the bear next & strong!

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Post #645,186
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Dec 16, 2021 2:33am Dec 16, 2021 2:33am

TrickorTrade
Joined Sep 2021 | Status: Member | 921 Posts

Quoting TrickorTrade

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{quote} GJ long closed at inefficiency. Did not want to hold longer. 1:2 RR {image}

Ignored

Should have held this long would be up 1:5:RR. But took a calculated move to close it. Profit is profit

Post #645,187
Quote
Dec 16, 2021 2:36am Dec 16, 2021 2:36am

Mitiblotch
Joined Sep 2017 | Status: Member | 5,912 Posts

Quoting TrickorTrade

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{quote} Should have held this long would be up 1:5:RR. But took a calculated move to close it. Profit is profit

Ignored

Would be interesting if GU doesn't retrace to give long entry today. I will miss the long train. But can also move down. I hate all this fundamental data and all. Just an excuse to move price in a zig zag manner.

https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692

Post #645,188
Quote
Dec 16, 2021 2:39am Dec 16, 2021 2:39am

TrickorTrade
Joined Sep 2021 | Status: Member | 921 Posts

Quoting Mitiblotch

Disliked

{quote} Would be interesting if GU doesn't retrace to give long entry today. I will miss the long train. But can also move down. I hate all this fundamental data and all. Just an excuse to move price in a zig zag manner.

Ignored

Fundamentals is just an excuse to wick retail traders out grab liquidity and fill orders for big institutions.

With GU I didnt take a long because if on H4 if drew fib. Shows retracement at 78.6 which to me the trend might not be as strong to the upside.

Post #645,189
Quote
Dec 16, 2021 2:41am Dec 16, 2021 2:41am

TrickorTrade
Joined Sep 2021 | Status: Member | 921 Posts

Quoting TrickorTrade

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{quote} My previous GA long still running has stayed in profit with no drawdown. I am holding because my conviction is strong that it will reach around 1.88 level. Also as I had closed one postion at profit even if this hits my SL I still net profit. Price now repeating same doji candles at same level finding support. {image}

Ignored

GA SL hit thats what I get for holding thru FOMC haha. Anyways I did net profit here.

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Post #645,190
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Dec 16, 2021 2:43am Dec 16, 2021 2:43am

Mitiblotch
Joined Sep 2017 | Status: Member | 5,912 Posts

Quoting TrickorTrade

Disliked

{quote} Fundamentals is just an excuse to wick retail traders out grab liquidity and fill orders for big institutions. With GU I didnt take a long because if on H4 if drew fib. Shows retracement at 78.6 which to me the trend might not be as strong to the upside.

Ignored

Can I see a chart of what you mean (don't bother if you don't have the time to). The way I apply my fib it requires a retrace to at least 3220 area or slightly below for a long and so far it didn't touch there.

https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692

Post #645,191
Quote
Dec 16, 2021 2:45am Dec 16, 2021 2:45am

kris89
Joined Mar 2021 | Status: Crazy Frog | 3,710 Posts

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maybe flag - impulse - flag - impulse screnario

"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"

Post #645,192
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Dec 16, 2021 2:52am Dec 16, 2021 2:52am

joesherwood
Joined Oct 2019 | Status: Member | 1,233 Posts

Looking for shorts at 3315

Post #645,193
Quote
Dec 16, 2021 2:54am Dec 16, 2021 2:54am

TrickorTrade
Joined Sep 2021 | Status: Member | 921 Posts

Quoting Mitiblotch

Disliked

{quote} Can I see a chart of what you mean (don't bother if you don't have the time to). The way I apply my fib it requires a retrace to at least 3220 area or slightly below for a long and so far it didn't touch there.

Ignored

Spot on with the level. 3220 is daily level if price had retraced to there which would also co relate to 50-61.8 on fibs it would have made sense to go long.

Notice how price went broke under daily and retraced at 78.6 which to me is not enough to take a long. Trend is weak. H1 shows the rejections at 78.6 lev.

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Post #645,194
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Dec 16, 2021 2:57am Dec 16, 2021 2:57am

fontu
Joined Mar 2008 | Status: Name real with real own way | 17,428 Posts

small tf pa , , test & break 3265/71/82 and last 88 to confirm bull only . may not any further correction if not not failed at 88

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Post #645,195
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Dec 16, 2021 3:01am Dec 16, 2021 3:01am

Moty
Joined Dec 2017 | Status: Member | 18,314 Posts

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Post #645,196
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Dec 16, 2021 3:06am Dec 16, 2021 3:06am

kris89
Joined Mar 2021 | Status: Crazy Frog | 3,710 Posts

Quoting Moty

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{image}

Ignored

that was a huge lot mot >.<
you sure push the price

"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"

Post #645,197
Quote
Dec 16, 2021 3:13am Dec 16, 2021 3:13am

TrickorTrade
Joined Sep 2021 | Status: Member | 921 Posts

GU I see no high probability setup yet though daily gave a rejection candle. This is the long I am planning to take if the resistance breaks as mentioned.

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