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Cable Update (GBPUSD)

  • #645,521
  • Dec 20, 2021 6:08am Dec 20, 2021 6:08am
... this prev 4hr/dly/v.minor wkly sw lo zone (=prev supp = pot supp) down to 3161 has been tested 5 times now since it formed. So, if support (and indeed res) gets weaker each time it is tested then at some point it should break? Of course that will take price straight into the prev dly/wkly/mthly sw lo zone down to 3133 as pot supp lol!

4hr below
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Trader with an Edge.
  • #645,522
  • Dec 20, 2021 6:12am Dec 20, 2021 6:12am
Quoting Theoak
{quote} Long in at 1.3191
Me too
  • #645,523
  • Dec 20, 2021 6:13am Dec 20, 2021 6:13am
Quoting Theoak
{quote} Long in at 1.3191
OUT + 15 pips
Don't trade what you think. Just what you see!!!
  • #645,524
  • Dec 20, 2021 6:25am Dec 20, 2021 6:25am
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yes yes yes
  • #645,525
  • Edited 7:02am Dec 20, 2021 6:29am | Edited 7:02am
... 23.6% fri hi - today's current lo reached

1hr below
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Trader with an Edge.
  • #645,526
  • Dec 20, 2021 6:58am Dec 20, 2021 6:58am
... price needs to stay below 3232 for the 15/30min bearish hidden div to stay valid. Some fibs (always) but not much in the way of potential sbr such was the precipitous nature of the steep fall from 3374 to today's current lo, wiping out the MPC rise gains.

although 1hr/dly/wkly are trending down, 4hr is ranging with last few fractal prints being a HL, LH and what will be a L when it forms - possibly as today's current lo... v.bearish though atm in this 4hr range.
Trader with an Edge.
  • #645,527
  • Dec 20, 2021 7:08am Dec 20, 2021 7:08am
here will be sideway big h4 maybe h1.to come up it would be nice if gu touch around 1.31400-500. but on daily all stays up.i mean big tremd.for it i see 1.31400.but i dont short here after 1.32 its dangerous.
  • #645,528
  • Dec 20, 2021 7:08am Dec 20, 2021 7:08am
Quoting Headland
... price needs to stay below 3232 for the 15/30min bearish hidden div to stay valid. Some fibs (always) but not much in the way of potential sbr such was the precipitous nature of the steep fall from 3374 to today's current lo, wiping out the MPC rise gains. although 1hr/dly/wkly are trending down, 4hr is ranging with last few fractal prints being a HL, LH and what will be a L when it forms - possibly as today's current lo... v.bearish though atm in this 4hr range.

to late for that I feel the weekly high of last week may be tested..all shorter have their stop above there, the market is will attempt to take them out..Is my hunch
  • #645,529
  • Dec 20, 2021 7:11am Dec 20, 2021 7:11am
Quoting nAVIN2007
{quote} to late for that I feel the weekly high of last week may be tested..all shorter have their stop above there, the market is will attempt to take them out..Is my hunch
Hi, you could be right, it's a scenario certainly. Anything can happen. After such a steep fall, if that scenario does play out, I doubt the bulls will have it all their own way? The bears will likely bite back at some stage? Strong move off the current dly lo so far though.
Trader with an Edge.
  • #645,530
  • Dec 20, 2021 7:17am Dec 20, 2021 7:17am
31 pips and counting
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yes yes yes
  • #645,531
  • Dec 20, 2021 7:21am Dec 20, 2021 7:21am
... could see a 4hr bullish engulf close on this gmt+2 4hr candle? 38.2% fri hi-today's current lo reached at current pullback hi.

4hr below.
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Trader with an Edge.
  • #645,532
  • Dec 20, 2021 7:23am Dec 20, 2021 7:23am
Quoting nAVIN2007
{quote} to late for that I feel the weekly high of last week may be tested..all shorter have their stop above there, the market is will attempt to take them out..Is my hunch
Just tell us that you are buying mate
  • #645,533
  • Dec 20, 2021 7:29am Dec 20, 2021 7:29am
Quoting Nd10
{quote} Just tell us that you are buying mate

lol Yeah
I have no emotion regarding this, as far as I am concerned its a possibility..watch this space..1.34 -1.3560
  • #645,534
  • Edited 7:48am Dec 20, 2021 7:31am | Edited 7:48am
ok bounce at a lower level ,, bear still not confirmed any and more may comes up towards 3245/ 69 towards limit 3301. daily & monthly bearish & weekly neutral for next moves . lets see . daily may fight for 3235 close !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #645,535
  • Dec 20, 2021 7:32am Dec 20, 2021 7:32am
.... 2 x fibs is where we have reached, confluence with that previously once disrespected potential sbr zone (a prev 1hr sw lo x 2 zone.)

1hr below.
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Trader with an Edge.
  • #645,536
  • Dec 20, 2021 7:34am Dec 20, 2021 7:34am
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yes yes yes
  • #645,537
  • Dec 20, 2021 7:50am Dec 20, 2021 7:50am
tp 1 reached , 47 pips inthe bank
but we want more
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yes yes yes
  • #645,538
  • Dec 20, 2021 7:54am Dec 20, 2021 7:54am
Sell Activated. . Hope ur better now @Navin (health wise I mean)? Where is super Scalper no tp no Sl Wave
  • #645,539
  • Dec 20, 2021 7:56am Dec 20, 2021 7:56am
Quoting nAVIN2007
{quote} lol Yeah I have no emotion regarding this, as far as I am concerned its a possibility..watch this space..1.34 -1.3560
I agree with you Nav but I will more comfortable with that target from 1.29- 1.30 area. Strictly looking at PA. Would pee myself if it happens now cos I have been awaiting this scenario of 1.29 - 1.30 to target 1.34 - 1. 35 area
  • #645,540
  • Dec 20, 2021 8:06am Dec 20, 2021 8:06am
... that gmt+2 4hr candle did indeed close as a bullish engulf a few mins ago. A fractal L now @ today's current lo on this 4hr t/f- which is ranging. Price at the current pullback hi is challenging a prev minor 1hr sw hi zone that extends up to today's current hi.

1hr below.
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