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Cable Update (GBPUSD)

  • #651,701
  • Feb 10, 2022 10:06pm Feb 10, 2022 10:06pm
Quoting kris89
added the buy again @1.35440 , sl just 10 pip no big deal , take some to LO later and see how it react {image}
change my SL to 1.35250 , will add on when price reach near 1.35300
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #651,702
  • Feb 10, 2022 10:07pm Feb 10, 2022 10:07pm
One new top weekly was most expected, so now done in a wick and as 3523 supported many times, time break without any reaction and confirmation down will watch 3488. Though below 3523 again a crazy real bull start!area! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #651,703
  • Feb 10, 2022 10:13pm Feb 10, 2022 10:13pm
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"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #651,704
  • Feb 10, 2022 10:31pm Feb 10, 2022 10:31pm
Watching gold! Enough is enough for gold also after already a failed bull!! Looking for signal 2752 and confirmation level 1683. Inbetween though lies again a fake spike up areas! So week may give the earliest signal down like gbpusd as well! So first target can be 1445, months away though!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #651,705
  • Feb 10, 2022 10:34pm Feb 10, 2022 10:34pm
Quoting kris89
{image}
add on , will left a while , will check later >.<

Inserted Video
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #651,706
  • Edited 10:58pm Feb 10, 2022 10:38pm | Edited 10:58pm
G/M, early rise for me...having an intermittent day @ the desk, with breaks. Just continuing to ease myself back in after my covid adventures.

Precipitous fall off yesterday's 3644 hi, (a rejection of Wkly R1 in the prev 4hr/dly sw hi zone to 3662, =prev res = pot res.) This after the strong post U.s Cpi knee-jerk fall react, - an equally strong upmove to y/day's hi. Throws a spanner in the works for the bulls as price is now below the weekly open and testing the prev 1hr/4hr sw lo zone down to y/day's 3523 lo =prev supp = pot supp. Potential supports layered down to 3490 initially, pretty much from there.

Who'd have thought it,? just shows again - anything can happen! What will today bring? Gotta love this trading game! Beats a 'proper' job!

1hr below.
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Trader with an Edge.
  • #651,707
  • Feb 10, 2022 10:48pm Feb 10, 2022 10:48pm
...the current 4hr view is below. You can see that potential support zone on this t/f all the way down to 3490, a prev 4hr sw lo x 2 zone, = prev supp = pot supp. (dark grey zone.) A couple of fibs in there, one just below.

4hr below.

...Uk gdp and some other data due 0700am gmt, could cause a flutter?
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Trader with an Edge.
  • #651,708
  • Feb 10, 2022 11:01pm Feb 10, 2022 11:01pm
Quoting mysterio
looking for buy around 1.3525-30, PA dependent. TP open
Just bought

managing carefully, if it drops i'll take it out and try lower-- stops go to BE shortly

TP open for now
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  • #651,709
  • Feb 10, 2022 11:01pm Feb 10, 2022 11:01pm
... current 1hr below shows these 'layered' potential supp zones to 3490 on this t/f.
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Trader with an Edge.
  • #651,710
  • Feb 10, 2022 11:02pm Feb 10, 2022 11:02pm
Quoting mysterio
{quote} Just bought managing carefully, if it drops i'll take it out and try lower-- stops go to BE shortly TP open for now {image}
Mate, we should get a life - being up @ this time lol!
-------------------------
a few stops triggered under y/day's lo?
-------------------------
50% of the recent total 3359-3644 rise is @ 3501.
Trader with an Edge.
  • #651,711
  • Feb 10, 2022 11:12pm Feb 10, 2022 11:12pm
Quoting Headland
{quote} Mate, we should get a life - being up @ this time lol! ------------------------- a few stops triggered under y/day's lo? ------------------------- 50% of the recent total 3359-3644 rise is @ 3501.
Yeah-- I live in the middle of town so was woken at 3am by drunk people singing lol

I felt ok so just got up and started working

There's a good chance price will make another dive, if so i'll let it hit my BE and try a lower buy, then if that doesn't work call it a day or get some sleep
  • #651,712
  • Feb 10, 2022 11:17pm Feb 10, 2022 11:17pm
Euro looks to be on the way down off clear resistance
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Compulsions can be hard to resist
  • #651,713
  • Feb 10, 2022 11:18pm Feb 10, 2022 11:18pm
USD looks to be on the way up off clear support
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Compulsions can be hard to resist
  • #651,714
  • Feb 10, 2022 11:33pm Feb 10, 2022 11:33pm
Candle dance zones are there for GU

With yesterday's pump, I think a good dump is coming later this month
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Compulsions can be hard to resist
  • #651,715
  • Edited 11:53pm Feb 10, 2022 11:39pm | Edited 11:53pm
...1hr in downtrend, 4hr rangy, dly either start of an uptrend after 1 x HL and what will be a HH @ y/day's hi or higher when it forms fractally, or similarly range consolidation like 4hr?
--------------------------------

Potential sbr on 1hr (and 4hr now up to circa 3546.) Lively Asian session!?

1hr below.
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Trader with an Edge.
  • #651,716
  • Feb 10, 2022 11:59pm Feb 10, 2022 11:59pm
...london forex desks start to open circa 0630am gmt, (London equities 0800am,) and then the 0700am gmt Uk data. 2nd most important data this week for this pairing. Currently hovering around wkly open.
Trader with an Edge.
  • #651,717
  • Feb 11, 2022 12:01am Feb 11, 2022 12:01am
Quoting trumps
USD looks to be on the way up off clear support {image} {image} {image}

Hello, please where do you get this dollar chart from? Which app/broker?

Thanks.
Forex is a waiting game
  • #651,718
  • Feb 11, 2022 12:19am Feb 11, 2022 12:19am
ive exit my long position a while, in formation price , could go more lower before LO and taken LQ below .. ill wait for a good entry
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #651,719
  • Feb 11, 2022 12:21am Feb 11, 2022 12:21am
5min below shows the bearish hidden div @ that prev 1hr/4hr sw lo zone = prev supp = pot sbr. Will it result in a new 30min/1hr downtrend lo? No idea! May depend on upcoming Uk data?

Speaking of the upcoming Uk data, I think it is more likely to (which is not to say that it will, surprise to the downside than upside if recent pandemic history is anything can by, that is indeed if it does surprise at all -vs- forecasts, but anything can happen, or indeed nothing! I, like everyone here, am clueless, and comfortable with it!
Attached Image
Trader with an Edge.
  • #651,720
  • Feb 11, 2022 12:24am Feb 11, 2022 12:24am
Quoting femiquadri
{quote} Hello, please where do you get this dollar chart from? Which app/broker? Thanks.
Australian broker Go Markets
Compulsions can be hard to resist
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