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Cable Update (GBPUSD)

  • #645,721
  • Dec 22, 2021 5:55am Dec 22, 2021 5:55am
it is critical now we do not go down..1.3324 needs to break
  • #645,722
  • Dec 22, 2021 5:58am Dec 22, 2021 5:58am
Quoting nAVIN2007
it is critical now we do not go down..1.3324 needs to break
Hi mate, needs to break this descending t/line for the longer-term bulls....touched it at the current dly hi.

dly below.
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Trader with an Edge.
  • #645,723
  • Dec 22, 2021 6:01am Dec 22, 2021 6:01am
Quoting nAVIN2007
it is critical now we do not go down..1.3324 needs to break
NY can easily take it down again, they don't like to enter buys at daily highs...no big deal, more long opportunities.
Everyone can see the chart, but only a few can actually read it.
  • #645,724
  • Dec 22, 2021 6:06am Dec 22, 2021 6:06am
Sell for 50 pips? After NY
  • #645,725
  • Dec 22, 2021 6:08am Dec 22, 2021 6:08am
Quoting OnlineAddict
{quote} NY can easily take it down again, they don't like to enter buys at daily highs...no big deal, more long opportunities.
yeah this is the problem..
but the weekly chart is saying up..so it needs to reverse everything which is not probable IMHO
  • #645,726
  • Dec 22, 2021 6:08am Dec 22, 2021 6:08am
Quoting Headland
{quote} Hi mate, needs to break this descending t/line for the longer-term bulls....touched it at the current dly hi. dly below. {image}
yes this is my concern
  • #645,727
  • Dec 22, 2021 6:18am Dec 22, 2021 6:18am
Quoting nAVIN2007
{quote} yes this is my concern
They entered long yesterday at The low
  • #645,728
  • Dec 22, 2021 6:19am Dec 22, 2021 6:19am
Quoting nAVIN2007
{quote} yes this is my concern
I'm sure. This is what I am seeing on the wkly below. Yes, this week's wkly candle could well close as a bullish-bodied hammer and after the last 2 wkly closes this would look bullish in and of themselves, but the t/f is still in a general downtrend/descending channel. Good Luck with those longs, anything can happen.

wkly below.
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Trader with an Edge.
  • #645,729
  • Dec 22, 2021 6:24am Dec 22, 2021 6:24am
Quoting nAVIN2007
{quote} the market is looking to take out last week weekly high..watch this space

and once broken ...it will be bullish bamm in weekly tf to knock 1.35/36 in my side . #imho mate
not euphoria follower
  • #645,730
  • Dec 22, 2021 6:28am Dec 22, 2021 6:28am
Quoting nAVIN2007
{quote} what i see Question is?..this a bull flag..perhaps another wave down first after 1.3580 ish area (assuming it can get there) {image}
complete abc correction for 1000 - 1200 pips from 2021 high ?
not euphoria follower
  • #645,731
  • Edited 12:12pm Dec 22, 2021 6:30am | Edited 12:12pm
Not thinking any full blown wave up but limits up for down to watch, so after 3373 breaks automatically try for 3409 limit and if broken then last limit 3568!! Likely a failure may come. Anything can happen though!!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #645,732
  • Dec 22, 2021 6:37am Dec 22, 2021 6:37am
Weekly / monthly resistance caps this retrace at around 1.35 from what I can see.
Compulsions can be hard to resist
  • #645,733
  • Dec 22, 2021 6:56am Dec 22, 2021 6:56am
in a sell currently
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  • #645,734
  • Dec 22, 2021 6:59am Dec 22, 2021 6:59am
relax boE,
Inserted Video
  • #645,735
  • Dec 22, 2021 7:02am Dec 22, 2021 7:02am
Quoting fontu
Not thinking any full blown wave up but limits up for down to watch, so after 3373 breaks automatically try for 3409 limit and if broken then last limit 3568!! Likely a failure may come. Anything can happen though!! {image}
MA200 - Weekly, what you think?

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  • #645,736
  • Dec 22, 2021 7:03am Dec 22, 2021 7:03am
Quoting mysterio
in a sell currently {image}
Like it mate, it was a good sell @ that descending t/line/bottom of a prev 1hr/4hr sw hi zone = prev res = pot res, wasn't it?...price @ 100% 30day adr and north of the 61.8% upside extension of y/day's range @ current dly hi...5min regular bearish div play with 15/30min o/b supporting..finding demand now though in a prev 1hr sw hi zone = prev res = pot rbs. G/L if holding.

1hr below.
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Trader with an Edge.
  • #645,737
  • Dec 22, 2021 7:14am Dec 22, 2021 7:14am
This looks like a clean buy
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I'm high on trading, cant you tell?
  • #645,738
  • Dec 22, 2021 7:26am Dec 22, 2021 7:26am
Quoting Headland
{quote} Like it mate, it was a good sell @ that descending t/line/bottom of a prev 1hr/4hr sw hi zone = prev res = pot res, wasn't it?...price @ 100% 30day adr and north of the 61.8% upside extension of y/day's range @ current dly hi...5min regular bearish div play with 15/30min o/b supporting..finding demand now though in a prev 1hr sw hi zone = prev res = pot rbs. G/L if holding. 1hr below. {image}
Still holding yea. I should have just taken my 20 pips at the RN. But we'll see. Just going off of the h4 supply. DXY also taken some equal lows on h4 and hitting support.
  • #645,739
  • Dec 22, 2021 7:28am Dec 22, 2021 7:28am
Quoting Jolita
{quote} Whats new? Any nice trades?
nothing much, few scalps with several pips.

i am still studying PAT charts

  • #645,740
  • Dec 22, 2021 7:50am Dec 22, 2021 7:50am
Quoting mysterio
in a sell currently {image}
taken out breakeven

still scanning for the sell
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