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Cable Update (GBPUSD)

  • #645,181
  • Dec 16, 2021 1:43am Dec 16, 2021 1:43am
Quoting TrickorTrade
{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.
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.
  • #645,182
  • Dec 16, 2021 1:45am Dec 16, 2021 1:45am
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maybe flag - impulse - flag - impulse screnario
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #645,183
  • Dec 16, 2021 1:52am Dec 16, 2021 1:52am
Looking for shorts at 3315
  • #645,184
  • Dec 16, 2021 1:54am Dec 16, 2021 1:54am
Quoting Mitiblotch
{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.
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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  • #645,185
  • Dec 16, 2021 1:57am Dec 16, 2021 1:57am
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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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #645,186
  • Dec 16, 2021 2:01am Dec 16, 2021 2:01am
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yes yes yes
  • #645,187
  • Dec 16, 2021 2:06am Dec 16, 2021 2:06am
Quoting Moty
{image}
that was a huge lot mot >.<
you sure push the price
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #645,188
  • Dec 16, 2021 2:13am Dec 16, 2021 2:13am
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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  • #645,189
  • Dec 16, 2021 2:18am Dec 16, 2021 2:18am
Hi Traders

selling now and wait till daily close under 1.3200 (level from J)
SL 30p
  • #645,190
  • Dec 16, 2021 2:22am Dec 16, 2021 2:22am
We can grow higher to R
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Trendlines H1,H4, SMC
  • #645,191
  • Dec 16, 2021 2:38am Dec 16, 2021 2:38am
Quoting Robinhood1
Target 13540
From this area which will probably be above this figure, even 100 pips, we should go down to 12990 area and slightly below
POSTMASTER
  • #645,192
  • Dec 16, 2021 2:43am Dec 16, 2021 2:43am
nice, 30 pips 3268 to 3298, late, after the great us rate yesterday
  • #645,193
  • Dec 16, 2021 2:46am Dec 16, 2021 2:46am
Quoting Robinhood1
{quote} From this area which will probably be above this figure, even 100 pips, we should go down to 12990 area and slightly below
You mean 1.3540 (GU) or 1.13540 (EU). Which one?
  • #645,194
  • Dec 16, 2021 2:55am Dec 16, 2021 2:55am
Quoting Mitiblotch
{quote} You mean 1.3540 (GU) or 1.13540 (EU). Which one?
GU sorry

EU has its target around 11520 i beleive, and then down to around 11025
POSTMASTER
  • #645,195
  • Dec 16, 2021 3:02am Dec 16, 2021 3:02am
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #645,196
  • Dec 16, 2021 3:12am Dec 16, 2021 3:12am
Quoting Bones
{image}
what do you mean?
  • #645,197
  • Dec 16, 2021 3:18am Dec 16, 2021 3:18am
Quoting maxi444
{quote} what do you mean?
Strong support line!
Face 'ur fears & tame 'ur greed
  • #645,198
  • Dec 16, 2021 3:22am Dec 16, 2021 3:22am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #645,199
  • Dec 16, 2021 3:27am Dec 16, 2021 3:27am
Quoting Bones
{image}
do you mean the decision will come at 1.33? possibly, let s see in 3 min the GU report and later more!!! I cannot see nothing now, sorry
  • #645,200
  • Dec 16, 2021 3:29am Dec 16, 2021 3:29am
Ty mister poundi
All out waiting for retracement
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yes yes yes
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