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Cable Update (GBPUSD)

  • #645,461
  • Dec 17, 2021 4:52pm Dec 17, 2021 4:52pm
Quoting Mitiblotch
{quote} Would have been terrible. I know that Decembers are usually terrible with price action. The big boys go for holidays and their juniors begin to play with money and liquidity. This thing can keep falling. It has broken 3300, 3280, 3267-70, 3250. All the previous strong resistance which should become supports have become supportless. It might take a dump tool end of year.
Or we are dropping to rise higher?
Profit taking is happening
To add, new covid numbers in UK today was over 90 thousand. France closed borders to all travels from UK. Everything escalate at a high speed.

Weekly close 30 lower.
Monthly low is 13160.

Have a nice weekend!
  • #645,462
  • Dec 17, 2021 5:10pm Dec 17, 2021 5:10pm
Quoting Jolita
{quote} Or we are dropping to rise higher? Profit taking is happening To add, new covid numbers in UK today was over 90 thousand. France closed borders to all travels from UK. Everything escalate at a high speed. Weekly close 30 lower. Monthly low is 13160. Have a nice weekend!
borders are closing. looks like i managed to get home in time

  • #645,463
  • Dec 17, 2021 5:31pm Dec 17, 2021 5:31pm
Quoting genadi
{quote} borders are closing. looks like i managed to get home in time
Ahhhh, I am jealous!!! Why are you trading from home? It's holiday, go visit Vilnius old town!
Which city you are originaly from?

Must be cold right now.
Tell me everything, very curious to know.
Will be waiting for pictures

Glad I've managed to visit back in October. Now all the PCR requirements...
  • #645,464
  • Dec 17, 2021 5:41pm Dec 17, 2021 5:41pm
Have a good weekend folks! Next week maybe a move up back to 133 but it’s down from there I think
Insane in the Brain..
  • #645,465
  • Dec 17, 2021 6:35pm Dec 17, 2021 6:35pm
Yea. Next week shpuld be interesting woth doji on weekly . We could see q real moving xD

I still have my buy on 1.318 1.320 lets see on monday play
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #645,466
  • Dec 17, 2021 7:09pm Dec 17, 2021 7:09pm
DXY is literally raise so high to make all pairs down lmao
any thoughts on why dxy suddenly get so strong ysd?
Im still in bullish side of GBP however DXY too strong..
  • #645,467
  • Dec 17, 2021 7:17pm Dec 17, 2021 7:17pm
Dumb money is playing a very dangerous game here

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COT: The precious data ignored
  • #645,468
  • Dec 17, 2021 10:15pm Dec 17, 2021 10:15pm
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happy weekend all
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #645,469
  • Dec 18, 2021 5:18am Dec 18, 2021 5:18am
Quoting W0lfram
Likely to return. Looking for buys in marked areas. imo{image} Although, it is better to look at it as a possible TPs when selling
Consciously missed the rate hike event.
Back to 1.323 (quotes may vary due to forward point), I expect a slight decline to around 1.32 and up again.
My modest stats for last 2 days (only loss). I hope FF doesn't cut half of the picture.
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Air force
  • #645,470
  • Dec 18, 2021 5:44am Dec 18, 2021 5:44am
Quoting Jolita
{quote} Ahhhh, I am jealous!!! Why are you trading from home? It's holiday, go visit Vilnius old town! Which city you are originaly from? Must be cold right now. Tell me everything, very curious to know. Will be waiting for pictures Glad I've managed to visit back in October. Now all the PCR requirements...
I am from Vilnius, I was born and grew up here. The Christmas tree this year is not as beautiful as it was few years ago.
  • #645,471
  • Dec 18, 2021 10:10am Dec 18, 2021 10:10am
Quoting genadi
{quote} I am from Vilnius, I was born and grew up here. The Christmas tree this year is not as beautiful as it was few years ago.
Have a nice time with your family and friends.

I don't get this yearly competition between towns.
Just looked online, yeh, where is the tree? I see snowflakes and lights.
Why not keep simple, natural and traditional?
  • #645,472
  • Edited 10:56am Dec 18, 2021 10:46am | Edited 10:56am
Quoting stevepatt
{quote} GBP/USD H4 Observations {image} {image}
GBP/USD W1 Observations

The question is whether there is enough Selling Pressure to Push Price Lower before the New Year.....
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  • #645,473
  • Dec 18, 2021 11:01am Dec 18, 2021 11:01am
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You have to have an IQ higher than 90 to interact with this user.
  • #645,474
  • Edited 1:53pm Dec 18, 2021 11:41am | Edited 1:53pm
Quoting stevepatt
{quote} GBP/USD W1 Observations The question is whether there is enough Selling Pressure to Push Price Lower before the New Year..... {image} {image}

agree but the trend is definitely rounding..and I see today covid cases have got to a point where they talking "alert"...not helping
  • #645,475
  • Dec 18, 2021 12:44pm Dec 18, 2021 12:44pm
The week has ended with all TFs greater than M5 and less than D1 going down, D1 and D2 going up, and W1 through MN2 going down. However, W1 is overdue to end going down and a rally is still needed on W2.

Therefore, need to watch how M5-M30 play out at the start of the week to see if the buyers are going to make any substantial purchases to take higher TFs into up trends or merely make rallies to be sold.
To free Gazans of Hamas, use whatever it takes.
  • #645,476
  • Dec 18, 2021 2:44pm Dec 18, 2021 2:44pm
Quoting Jolita
{quote} Have a nice time with your family and friends. I don't get this yearly competition between towns. Just looked online, yeh, where is the tree? I see snowflakes and lights. Why not keep simple, natural and traditional?
  • #645,477
  • Dec 18, 2021 2:59pm Dec 18, 2021 2:59pm
Quoting nAVIN2007
{quote} agree but the trend is definitely rounding..and I see today covid cases have got to a point where they talking "alert"...not helping
the weekend trading on IG shows it’s down by around 15 points. Next week we could see buyers maybe a top end of 133-13350 unfortunately 134 is out of reach i think. Looking at how an unexpected rate rise couldn’t break 13380 which should have been catalyst to do so.

whilst I get there was weekly profit taking on Friday which had a bigger fall than the day before when the UK data was good.
Insane in the Brain..
  • #645,478
  • Dec 18, 2021 3:25pm Dec 18, 2021 3:25pm
Quoting BeeTogether
{quote} the weekend trading on IG shows it’s down by around 15 points. Next week we could see buyers maybe a top end of 133-13350 unfortunately 134 is out of reach i think. Looking at how an unexpected rate rise couldn’t break 13380 which should have been catalyst to do so. whilst I get there was weekly profit taking on Friday which had a bigger fall than the day before when the UK data was good.
We may see 1.327 to 1.33 and subsequent fall to atleast 1.31. I am eagerly waiting for 1.29 to 1.3 to load heavy buys.
PS: Yearly pivot is around 1.28 area or so. May or may not get there. I'm anticipating a full bounce from the buy zones i expect to reach 1.35.
  • #645,479
  • Dec 18, 2021 11:24pm Dec 18, 2021 11:24pm
My thoughts on Cable.
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  • #645,480
  • Dec 19, 2021 4:02am Dec 19, 2021 4:02am
EUR and GU on daily can only repeat the same bottom or do not repeat.You cant see 1.30,if look chart daily.they prepare for long trend,now i see sideway.
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