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Cable Update (GBPUSD)

  • #647,441
  • Jan 7, 2022 2:11am Jan 7, 2022 2:11am
Quoting PatienceFx
{quote} i prefer 48DD time frames for deciding a trade GBP has already increased rates to combat inflation and USD is yet to decide clearly we are sitting on support , so selling here may be tough {image}
Attached Image
  • #647,442
  • Jan 7, 2022 2:11am Jan 7, 2022 2:11am
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familiar with these pattern ?
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #647,443
  • Jan 7, 2022 2:12am Jan 7, 2022 2:12am
GU - story as i think it is:
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"Exchange of hands"
  • #647,444
  • Jan 7, 2022 2:15am Jan 7, 2022 2:15am
First $1 profit
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  • #647,445
  • Jan 7, 2022 2:16am Jan 7, 2022 2:16am
Quoting erap
First $1 profit {image}
good job
  • #647,446
  • Jan 7, 2022 2:26am Jan 7, 2022 2:26am
... nice DP bounce...2 x 15min hammers and a 5min piercing pattern with regular bullish div.

1hr below
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Trader with an Edge.
  • #647,447
  • Edited 3:04am Jan 7, 2022 2:53am | Edited 3:04am
..price has been in a 33pip range for over 22hrs now...most of it inbetween those 2 x 61.8% fibs. 30min candle pattern followed the 2 x 15min hammers with 2 x pinbar type candles, - has also seen a limited upside follow thru, (so far?)

EDIT: 1hr closes as a bullish-bodied hammer engulfing...challenging that prev 1hr/minor 4hr sw hi x 2 zone now = prev res = pot res. (Anything pink on chart below relates to 30min.)

1hr below.
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Trader with an Edge.
  • #647,448
  • Jan 7, 2022 3:37am Jan 7, 2022 3:37am
Quoting erap
First $1 profit {image}
Whats is the challenge?
  • #647,449
  • Jan 7, 2022 3:44am Jan 7, 2022 3:44am
Quoting moondoggie
{quote} Finally, another chart with Ichimoku kinko hyo I'm also of this opinion. Long-term outlook feels bullish to me, so if price does reach 1.348xx give or take, I think that will be the long opportunity I look for. I will trade cautiously though, because it seems things are in flux at this time of year.
Long-term on weekly, 1 2 4 8 years

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #647,450
  • Edited 4:11am Jan 7, 2022 3:51am | Edited 4:11am
without drawing a single line on any timeframe we can read an uptrend on the weekly, off outright pa
that candle 'as is' is still probably bullish
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,451
  • Jan 7, 2022 3:52am Jan 7, 2022 3:52am
I dont trade chart patterns but I see yesterday we spiked up to the exact point of completion of a QM pattern on H1

If yesterdays high taken then can dismiss it as an unreliable BS pattern

Anyone trade these or are in this trade?

I've done nothing today just waiting for NFP
  • #647,452
  • Jan 7, 2022 3:54am Jan 7, 2022 3:54am
Quoting erap
First $1 profit {image}
First $100 profit
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  • #647,453
  • Jan 7, 2022 3:56am Jan 7, 2022 3:56am
Go go go
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yes yes yes
  • #647,454
  • Jan 7, 2022 4:01am Jan 7, 2022 4:01am
... upside follow thru on the last but one 1hr bullish-bodied hammer close right to that 61.8% fib near top of the prev 1hr/minor 4hr sw hi zone to y/day's 3558 hi...a break and clear upside of this opens up current wkly hi 3599?

There is a new dly desc t/line joining 3829 with said 3599 which on current (gmt+2) 4hr candle comes thru circa 3590.

1hr below
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Trader with an Edge.
  • #647,455
  • Jan 7, 2022 4:03am Jan 7, 2022 4:03am
Quoting Kwt4x
{quote} Long-term on weekly, 1 2 4 8 years {image} cheers,

Whoa we have a totally different definition of "long-term", I was looking at the D1 chart Great perspective with the weekly chart though.




Cheers as well.
Trying my best.
  • #647,456
  • Jan 7, 2022 4:08am Jan 7, 2022 4:08am
...potential rising wedge on the dly if y/day's lo firms up as a fractal swing lo.

dly below
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Trader with an Edge.
  • #647,457
  • Jan 7, 2022 4:15am Jan 7, 2022 4:15am
Target around 13270
POSTMASTER
  • #647,458
  • Jan 7, 2022 4:20am Jan 7, 2022 4:20am
dont get stuck on GU sometime we can get data money from other pairs
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MY OPINION NOT FINANCIAL ADVISE
  • #647,459
  • Jan 7, 2022 4:22am Jan 7, 2022 4:22am
Quoting erap
{quote} First $100 profit {image}

sir pls why are u hidden demo account number?

dont you know u can create gazillion demo account without restriction
MY OPINION NOT FINANCIAL ADVISE
  • #647,460
  • Jan 7, 2022 4:22am Jan 7, 2022 4:22am
GU is hovering around 3550 for a while now...its time to re-visit 3300-3400.
Everyone can see the chart, but only a few can actually read it.
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