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Cable Update (GBPUSD)

  • #650,181
  • Jan 31, 2022 7:11am Jan 31, 2022 7:11am
short in at 1.3438 target 1.3418
Don't trade what you think. Just what you see!!!
  • #650,182
  • Jan 31, 2022 7:17am Jan 31, 2022 7:17am
Quoting Theoak
short in at 1.3438 target 1.3418
Volatility a bit low for my taste. I would cut the TP to only 10 pips.

Especially when I see this as only a pullback on M15 to a higher TF that is up.
To free Gazans of Hamas, use whatever it takes.
  • #650,183
  • Jan 31, 2022 7:24am Jan 31, 2022 7:24am
Quoting ForexGoose
Bears can try to sell from 1.345 with a stop above 1.352. Target 1.33 and below. I still expect a bigger bullish candle after a hawkish BOE this week.
bulls are trying hard at 1.345 now, any bears challenging?

Inserted Video
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #650,184
  • Jan 31, 2022 7:25am Jan 31, 2022 7:25am
Quoting Wavegarrick
{quote} Working out well. Even got me into a buy scalp trade. Let's see if we get an overshoot from my weekly pivot to 1.34500 and of course the big question is if we get a rejection from here. Have a great day Folks. Cheers. {image}
1.34500 for an overshoot. Where to now?.
Trade safe guys,
Cheers.
Trade to trade another day
  • #650,185
  • Jan 31, 2022 7:40am Jan 31, 2022 7:40am
1.35 is probably the next target for intra-day bulls
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #650,186
  • Jan 31, 2022 7:41am Jan 31, 2022 7:41am
so 3454 tested and now price may try for 67 or correct towards 3392 keeping better bounce up still today. lets see. so early signal top failure be 3439 and confirm 3423 again .care level as may bounce 3429
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #650,187
  • Jan 31, 2022 7:45am Jan 31, 2022 7:45am
... chart below shows where the current dly hi is - in the prev 4hr/dlty sw lo zone = prev supp = pot sbr that on dly likely extends to circa 3475. Dly R2 is around 3465 depending on your broker chart times.

4hr below.
Attached Image
Trader with an Edge.
  • #650,188
  • Jan 31, 2022 7:46am Jan 31, 2022 7:46am
Quoting Wavegarrick
{quote} 1.34500 for an overshoot. Where to now?. Trade safe guys, Cheers.

I think only sell from now.

Price rose on the hope Boris will resign. He said sorry but he wouldn't.

Debates are life right now.
https://www.bbc.co.uk/news/live/uk-politics-60147988
  • #650,189
  • Jan 31, 2022 7:56am Jan 31, 2022 7:56am
lol what is happening to the bulls
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #650,190
  • Jan 31, 2022 8:00am Jan 31, 2022 8:00am
...nice drop results in 1hr bearish engulf.

1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #650,191
  • Jan 31, 2022 8:04am Jan 31, 2022 8:04am
Quoting Robinhood1
{quote} My 2 scenarios: 1.- 13470 closing my longs as it could head below 13300. 2:- adding below 13374 as it should reach 13795 and thus start an uptrend Simple & Clean {image}
Gann came out with lines cos he thought easier to get mistaken than working out numbers. I am mthe other way, get it wrong with lines. It has broken the line now so 13472 still lies resistence to go below 13300 but if it breaks 13374 before then i beleive it will hit aprox 13501 starting its way towards 14220. this resistence has moved a bit higher as we have a new high now. I may be wrong
Attached Image (click to enlarge)
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POSTMASTER
  • #650,192
  • Jan 31, 2022 8:07am Jan 31, 2022 8:07am
Quoting ForexGoose
lol what is happening to the bulls
I was cautioning earlier that there was already 2hr bearish hidden div and that 4hr could develop below 3524. Well it did, ie for an entry back into dly+ downtrend after the pullback. I have no idea whether it will result in a with trend follow thru to below 3359 last downtrend lo...could just range ir as many here are 'predicting' price will eventually move higher, or as another here thinks the dly 33749-3359 move is a pullback on a higher t/f uptrend - and at least there is method behind that. the market doesn't dare what we think/expect, it will do it's own thing whatever that turns out to be.

4hr/dly/wkly are still in 'general' downtrends per fractal analysis although 4hr may be showing some signs of strength?
Trader with an Edge.
  • #650,193
  • Jan 31, 2022 8:07am Jan 31, 2022 8:07am
Quoting Jolita
{quote} I think only sell from now. Price rose on the hope Boris will resign. He said sorry but he wouldn't. Debates are life right now. https://www.bbc.co.uk/news/live/uk-politics-60147988

careful we are in the storm ( 175p range ) back and forth

Attached Image (click to enlarge)
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Daddy, Brother, Lover, Little Boy
  • #650,194
  • Jan 31, 2022 8:16am Jan 31, 2022 8:16am
Quoting Mr.Burger
{quote} careful we are in the storm ( 175p range ) back and forth {image}
I wait on side lines for storm to cease
  • #650,195
  • Jan 31, 2022 8:20am Jan 31, 2022 8:20am
Attached Image (click to enlarge)
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Dxy hitting support. Is this a retracement fuel for further movement target to 99 -100? Or a reversal? Hmm
  • #650,196
  • Jan 31, 2022 8:21am Jan 31, 2022 8:21am
Quoting Robinhood1
{quote} Gann came out with lines cos he thought easier to get mistaken than working out numbers. I am mthe other way, get it wrong with lines. It has broken the line now so 13472 still lies resistence to go below 13300 but if it breaks 13374 before then i beleive it will hit aprox 13501 starting its way towards 14220. this resistence has moved a bit higher as we have a new high now. I may be wrong {image}
Wow another chart Rob. Cheers
  • #650,197
  • Jan 31, 2022 8:22am Jan 31, 2022 8:22am
Quoting Nd10
{image} Dxy hitting support. Is this a retracement fuel for further movement target to 99 -100? Or a reversal? Hmm
maybe pullback to 96 this week and then higher
Attached Image (click to enlarge)
Click to Enlarge Name: DXY_2022-01-31_11-21-28.png Size: 119 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #650,198
  • Jan 31, 2022 8:23am Jan 31, 2022 8:23am
Quoting Wavegarrick
{quote} 1.34500 for an overshoot. Where to now?. Trade safe guys, Cheers.
Hello Big Man Leon,

I think 1.33 area to 1.32, provided 1.35 isn't violated porously
  • #650,199
  • Jan 31, 2022 8:24am Jan 31, 2022 8:24am
Alot of chop now. I wait for clarity and act then.

It's unnecessary to go in during these times but we perceive differently
  • #650,200
  • Jan 31, 2022 8:25am Jan 31, 2022 8:25am
Quoting ForexGoose
{quote} maybe pullback to 96 this week and then higher {image}
I agree
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