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Cable Update (GBPUSD)

  • #649,961
  • Jan 28, 2022 8:53am Jan 28, 2022 8:53am
... into that prev 1hr minor sw hi zone now = prev res = pot res. 7mins or so for the 1hr not to close as a hanging man or doji!

Potential for 2hr bearish hidden div whilst below 3524.

23.6% 3662-3359 @ current dly hi.
Trader with an Edge.
  • #649,962
  • Jan 28, 2022 8:54am Jan 28, 2022 8:54am
it broke down first that def weakens it ,
can it hold the break on a daily
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #649,963
  • Jan 28, 2022 8:54am Jan 28, 2022 8:54am
Quoting Mr.Burger
{quote} yes it can be higher, there is a possibility that I will release orders for some of my entries, and even then if the price reach 3500 zone first
I know each trader has its own mindset. just giving another option.
POSTMASTER
  • #649,964
  • Jan 28, 2022 8:57am Jan 28, 2022 8:57am
Quoting nAVIN2007
{quote} based on the formation, it certainly looks up, but this USD strength is not easy as its capable of bouncing out of nowhere
DXY already at the saturation point of 127 monthly pivot, looks like it will not grow again considering we are at the end of the month,

--- need to breathe, he tired to climbing

Quoting Robinhood1
{quote} I know each trader has its own mindset. just giving another option.
a little busy, my apologies I forgot to says "thank you" for your opinion, thanks mate
Daddy, Brother, Lover, Little Boy
  • #649,965
  • Jan 28, 2022 9:02am Jan 28, 2022 9:02am
Quoting mysterio
first trade. buy scalp Stops at BE. its from weak demand {image}
TPd but not the whole rise. Selling now on absorption above the triple top on m1
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  • #649,966
  • Jan 28, 2022 9:05am Jan 28, 2022 9:05am
...5min bearish regular div deeper into that pot res zone (price does to test deep more often than not,) just as hrly closes bearish.
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Trader with an Edge.
  • #649,967
  • Jan 28, 2022 9:08am Jan 28, 2022 9:08am
I bet that cable will be bullish into the BOE meeting next week as a rate hike is expected with a more hawkish policy statement.

The dollar didn’t push this pair down too far even though the Fed was hawkish this week.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #649,968
  • Jan 28, 2022 9:16am Jan 28, 2022 9:16am
Quoting Robinhood1
Long 13380
added 13408
POSTMASTER
  • #649,969
  • Jan 28, 2022 9:35am Jan 28, 2022 9:35am
ok loaded up assuming this a dip
  • #649,970
  • Jan 28, 2022 9:36am Jan 28, 2022 9:36am
... 5min bullish hidden div is present, may be good so long as 3373 holds. No real 30min uptrend though re next higher t/f in that combo.

May just be a break of range and pullback to it?

1hr below.
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Trader with an Edge.
  • #649,971
  • Edited 10:10am Jan 28, 2022 9:48am | Edited 10:10am
Hopefully now the sum b&tch can go up?

edit perhaps not lol
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  • #649,972
  • Jan 28, 2022 10:13am Jan 28, 2022 10:13am
Quoting nAVIN2007
Hopefully now the sum b&tch can go up? edit perhaps not lol {image}
it can easily go up if it wants to

1.34 is support, target 1.35+

1.33 is another strong support level below

i bought it from 1.34, stop under 1.33, target 1.35+ next week
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #649,973
  • Jan 28, 2022 10:15am Jan 28, 2022 10:15am
Quoting ForexGoose
{quote} it can easily go up if it wants to 1.34 is support, target 1.35+ 1.33 is another strong support level below i bought it from 1.34, stop under 1.33, target 1.35+ next week
I'm thinking same thing..either way we have dropped from 1,37 surely some retrace lol
  • #649,974
  • Jan 28, 2022 10:16am Jan 28, 2022 10:16am
Quoting mysterio
{quote} TPd but not the whole rise. Selling now on absorption above the triple top on m1 {image} {image} {image}
Still holding entire position

I had hoped for a clean meltdown but 1.34 holding as support

How is everyone ? Buying or selling or sitting on hands?
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  • #649,975
  • Jan 28, 2022 10:18am Jan 28, 2022 10:18am
Quoting ForexGoose
{quote} it can easily go up if it wants to 1.34 is support, target 1.35+ 1.33 is another strong support level below i bought it from 1.34, stop under 1.33, target 1.35+ next week
is the trend up ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #649,976
  • Jan 28, 2022 10:18am Jan 28, 2022 10:18am
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POSTMASTER
  • #649,977
  • Jan 28, 2022 10:21am Jan 28, 2022 10:21am
Quoting mysterio
{quote} Still holding entire position I had hoped for a clean meltdown but 1.34 holding as support How is everyone ? Buying or selling or sitting on hands? {image}
I'm a bull until the BOE meeting next week, then I will reevaluate.

If things go my way, then I will be a bull until the March FED meeting.

I don't see the BOE to be less dovish than the ECB. They are also turning more hawkish like the FED, which should support cable.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #649,978
  • Jan 28, 2022 10:27am Jan 28, 2022 10:27am
Quoting ForexGoose
{quote} I'm a bull until the BOE meeting next week, then I will reevaluate. If things go my way, then I will be a bull until the March FED meeting. I don't see the BOE to be less dovish than the ECB. They are also turning more hawkish like the FED, which should support cable.
I think bull is the way to go. I thought we might get a Friday profit taking move down from these levels. DXY has reached its target to the upside so the direction is back down for the dollar (and up for GU)
  • #649,979
  • Jan 28, 2022 10:27am Jan 28, 2022 10:27am
Quoting Bones
{quote} is the trend up ?
as long as the 1.316 level holds, the trend is still up
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #649,980
  • Jan 28, 2022 10:28am Jan 28, 2022 10:28am
Bulls are preparing to take control
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