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Cable Update (GBPUSD)

  • #645,761
  • Edited 9:14am Dec 22, 2021 8:40am | Edited 9:14am
Quoting BeeTogether
{quote} gone short too but not for that many pips. Looking to swing back up around 13320-13330
It can revisit 1.31800 zone again
  • #645,762
  • Dec 22, 2021 8:44am Dec 22, 2021 8:44am
Quoting Ihlas
{quote} It can revisit 1.31 again
That’s the overall target but I think we will see 134 first
Insane in the Brain..
  • #645,763
  • Dec 22, 2021 8:45am Dec 22, 2021 8:45am
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Trading at first line encountered. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #645,764
  • Dec 22, 2021 8:45am Dec 22, 2021 8:45am
Quoting BeeTogether
{quote} gone short too but not for that many pips. Looking to swing back up around 13320-13330

so what did you thing how many pipis your suggest
  • #645,765
  • Dec 22, 2021 8:54am Dec 22, 2021 8:54am
Quoting Whale
{quote} who’s that sniper?
Silent Storm
  • #645,766
  • Dec 22, 2021 8:56am Dec 22, 2021 8:56am
looks like OTW to 1.3474
  • #645,767
  • Dec 22, 2021 8:59am Dec 22, 2021 8:59am
Quoting tauhidur
{quote} so what did you thing how many pipis your suggest
looking at 13320
Insane in the Brain..
  • #645,768
  • Dec 22, 2021 9:21am Dec 22, 2021 9:21am
Quoting Nd10
I don't see GU crossing 1.337 area. I extend it to 1.34. I am thinking the fall is gonna be very hard. I'm still bearish till 1.34 is messed with porously
Thanks

Why do you think it will fall hard?

I'm in another short from 1.3360, haven't had much luck today
  • #645,769
  • Edited 9:46am Dec 22, 2021 9:27am | Edited 9:46am
It's been a strongly bullish day thus far. I had finished my extended trading session so missed the short @ current dly hi, in the 1hr/4hr part of that prev 1hr/4hr/dly sw hi zone, that extends to 3374 = prev res = pot res. O/B and regular div plays from 1min upwards there.

The 3374 hi was in the wkly part of the prev dly/minor wkly sw lo zone (=prev supp = pot sbr) that began @ 3353 and saw it indeed act as sbr with a drop to 3174, and on this wkly t/f this pot sbr zone extends up to circa 3400. It is however just a minor prev sw lo on this wkly t/f that resulted in that zone.

143% 30day adr traveled so far today and price @ current dly hi just beyond 123.6% upside extension of y/day's pip range. Dly R3 higher up in the pot res zone to 3374, @ 3366.

Great day.

wkly below.
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Trader with an Edge.
  • #645,770
  • Dec 22, 2021 9:41am Dec 22, 2021 9:41am
I am still learning patience.
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  • #645,771
  • Dec 22, 2021 9:42am Dec 22, 2021 9:42am
Quoting Sekpoette
I am still learning patience. {image}

your doing a good job
  • #645,772
  • Dec 22, 2021 10:10am Dec 22, 2021 10:10am
Quoting mysterio
{quote} Thanks Why do you think it will fall hard? I'm in another short from 1.3360, haven't had much luck today
what demand are you expecting to triger?
  • #645,773
  • Dec 22, 2021 10:25am Dec 22, 2021 10:25am
Quoting palpite
{quote} MA200 - Weekly, what you think? {image}
Both on last weekly and monthly support, not any strong but still can do little or even more, a corrective wave up before down continue!!. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #645,774
  • Dec 22, 2021 10:37am Dec 22, 2021 10:37am
Quoting Whale
{quote} what demand are you expecting to triger?
Gatenio? You change your screen name?

Looking like it might get to the high 1.33's

I shorted based on the bearish OB from the 16th, ADR and R3 confluence but not sure it will fall here, enough for a scalp

Bulls cleared a couple of zones today

I see the delta has been negative all afternoon-- the drop is coming
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  • #645,775
  • Dec 22, 2021 10:43am Dec 22, 2021 10:43am
Quoting mysterio
{quote} Gatenio? You change your screen name? Looking like it might get to the high 1.33's I shorted based on the bearish OB from the 16th, ADR and R3 confluence but not sure it will fall here, enough for a scalp Bulls cleared a couple of zones today I see the delta has been negative all afternoon-- the drop is coming {image}
i shorted at 13355 got taken out at b/e gone back in at 13350 tp 20-30 pips. Expecting a big rise tomorrow
Insane in the Brain..
  • #645,776
  • Dec 22, 2021 10:44am Dec 22, 2021 10:44am
Quoting mysterio
{quote} Thanks Why do you think it will fall hard? I'm in another short from 1.3360, haven't had much luck today
Hi Mysterio
I write or speak mainly on PA from D1, W1 and MN1. From what i see, it will fall heavy. Like I said, unless 1.34 is dealt with so well. The anticipated movement to 1.35 and 1.36 area i believe should be from 1.29 area.
Also, you can add Dxy. It is forming a serious bullish triangle. Kindly observe the 96 area as a strong support and 96.8 area as resistance. I still believe Dxy could hit 99 - 100 (ultimate number)
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Thanks
  • #645,777
  • Dec 22, 2021 10:48am Dec 22, 2021 10:48am
enjoy your holiday and happy new year’s all
  • #645,778
  • Dec 22, 2021 10:50am Dec 22, 2021 10:50am
I hope you guys have happy holidays. Let's get ready for another great year in the markets.
  • #645,779
  • Dec 22, 2021 10:51am Dec 22, 2021 10:51am
Cable Analysis Update. I just want to let you guys know I appreciate you guys on here.
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  • #645,780
  • Dec 22, 2021 10:58am Dec 22, 2021 10:58am
Quoting Nd10
{quote} Hi Mysterio I write or speak mainly on PA from D1, W1 and MN1. From what i see, it will fall heavy. Like I said, unless 1.34 is dealt with so well. The anticipated movement to 1.35 and 1.36 area i believe should be from 1.29 area. Also, you can add Dxy. It is forming a serious bullish triangle. Kindly observe the 96 area as a strong support and 96.8 area as resistance. I still believe Dxy could hit 99 - 100 (ultimate number){image} Thanks
Hi, nice analysis

I just did a rough sketch on DXY but broadly expecting a bull run here, but it may dip below 95.85 first so i'm watching for that

DXY is bearish now we're reacting off of weekly supply, but expect another run up for liquidity

Note the negative delta on GU, showing on the m15 footprint (second row from top). Institutions stacking sells as the price rises
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