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Cable Update (GBPUSD)

  • #648,121
  • Jan 12, 2022 10:48am Jan 12, 2022 10:48am
I have stop at 3701.
Break of this level could lead to 3720
Intraday only.
  • #648,122
  • Jan 12, 2022 10:52am Jan 12, 2022 10:52am
Looks like we are on a serious breakout. Load the new bars on the chart. GBPUSD Daily Chart

Risk Management is of utmost importance!
  • #648,123
  • Jan 12, 2022 10:54am Jan 12, 2022 10:54am
Quoting Georginson
{quote} 85 + 1.3695 = 1.3780.... not sure about 90% chance as daily RSI is already 70 which means some pull back ahead. 20th January will give final clarity. {quote} Projected 1.3750 almost attained, closure above 1.3750 invalidates 1.29 this first quarter.
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW4.png Size: 66 KB
You mentioned RSI. Assume RSI(14).
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #648,124
  • Jan 12, 2022 11:06am Jan 12, 2022 11:06am
Inserted Video

  • #648,125
  • Jan 12, 2022 11:06am Jan 12, 2022 11:06am
Quoting Wavegarrick
{quote} Well, it seems my first case scenario unfolded. My MR 1 at 1.36672 was overshot by 13 pips, crumbs not easy, is it?. My 50% Fib retrace for the yearly high to low lies at 1.37066. Could they be gunning for this? I am in with 2 shorts. Stops 35 to 40 pips. Trade safe, Cheers. {image}
A long-term trendline to be considered on my weekly timeframe which coincides with my 50% fib retrace at 1.37066.
Much more posts than usual. Anyway, crucial times call for in-depth analysis.
Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #648,126
  • Jan 12, 2022 11:08am Jan 12, 2022 11:08am
I'm waiting after 1 pm EST to make any decision on a possible pullback or breakout.
  • #648,127
  • Jan 12, 2022 11:13am Jan 12, 2022 11:13am
theres vital information in the monthly ,you can't change it ,the good thing is it broke week 1
Attached Image (click to enlarge)
Click to Enlarge Name: 012 GBPUSD-Monthly.png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #648,128
  • Jan 12, 2022 11:15am Jan 12, 2022 11:15am
Quoting tomiko
1.37 i dare u cable
thanks for every cable in the world..
copper cable, phone cable, coaxial cable, LAN cable, even fiber optic cable.
you're all extraordinary
"If you run, you'll only die tired." - Sniper's philosophy
  • #648,129
  • Jan 12, 2022 11:15am Jan 12, 2022 11:15am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 67 KB

RSI(2) showing negative divergence. Look out below.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #648,130
  • Jan 12, 2022 11:16am Jan 12, 2022 11:16am
Quoting duve
I'm waiting after 1 pm EST to make any decision on a possible pullback or breakout.
this is smart the afternoon session buy SP500.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #648,131
  • Jan 12, 2022 11:16am Jan 12, 2022 11:16am
Quoting Bacco
Long until the retest of the highlighted area around 3700 {image}
DONE
Twitter: Rummer_grapes
  • #648,132
  • Jan 12, 2022 11:17am Jan 12, 2022 11:17am
it means any sell off in January is the retrace ,which is handy information early into the month
ill be able to come back and prove the point later
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #648,133
  • Jan 12, 2022 11:17am Jan 12, 2022 11:17am
Quoting buddha-
https://youtu.be/NEcuXczmlz4?list=PL...-FPoNdUBNWGFy9
Thank you for the laugh. Cheers, Mate!! Hopefully, things quiet down on this thread.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #648,134
  • Jan 12, 2022 11:18am Jan 12, 2022 11:18am
Quoting navk
I have stop at 3701. Break of this level could lead to 3720
Out with loss and loss day
Intraday only.
  • #648,135
  • Jan 12, 2022 11:24am Jan 12, 2022 11:24am
Quoting navk
{quote} Out with loss and loss day
What was your entry and direction?
  • #648,136
  • Jan 12, 2022 11:25am Jan 12, 2022 11:25am
On a bullish hourly, 4 hr and daily, shorting is wrong.
Intraday only.
  • #648,137
  • Jan 12, 2022 11:28am Jan 12, 2022 11:28am
it's not going to hold
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #648,138
  • Jan 12, 2022 11:31am Jan 12, 2022 11:31am
Quoting TooSlow
{image}{image} These may help with analysis. Cheers!

Hello mate. Is it possible to share this range indicator or Expert for deep analysis? This can help not only for cable.
Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 51 KB
  • #648,139
  • Jan 12, 2022 11:36am Jan 12, 2022 11:36am
Quoting Wavegarrick
{quote} A long-term trendline to be considered on my weekly timeframe which coincides with my 50% fib retrace at 1.37066. Much more posts than usual. Anyway, crucial times call for in-depth analysis. Cheers. {image}
Hello Leon, your posts are valuable. Here is my view, this break of 1.3670 (March and April 2021) support that should have acted as resistance now opens door for the projected high of 1.3780, which will potentially stretch January range to 350 pips which is the minimum expected range considering last 10 months minimum ranges.

Some pull back of 60 - 110 pips may drag price back to 1.3600 - 1.3650 area before further push to break higher.

Only a break and close below 1.3520 can invalidate 1.3780 this January. The bears should worry further if price closes above 1.3750 as it will open door to 1.3957 (August 2021 high)

Trade with utmost caution.
Data + Stat + Risk/Emotions Management
  • #648,140
  • Jan 12, 2022 11:43am Jan 12, 2022 11:43am
Quoting OnlineAddict
{quote} Not looking into shorts atm, no matter how high it goes...might take a while, but after 3450, I would like to see 3700.
3700 done, even though it didn't look promising for bulls at 3200. Now it doesn't look good for bears, so I will look into shorts. Don't want to go with the herd atm. 3700 is a good short, even if it goes higher...target open for now.
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