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Cable Update (GBPUSD)

  • #652,101
  • Feb 15, 2022 1:12pm Feb 15, 2022 1:12pm
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yes yes yes
  • #652,102
  • Feb 15, 2022 2:06pm Feb 15, 2022 2:06pm
Quoting Robinhood1
We ´ve had quite a long ranging period and i´ve said this a few times but i´ll say it again. Lets push this sh&t up. Fly fly
Agreed. The daily candle close formation support it. With H4 candle also. Ill buy these stuff today even from price open
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #652,103
  • Feb 15, 2022 7:07pm Feb 15, 2022 7:07pm
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"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #652,104
  • Feb 15, 2022 7:09pm Feb 15, 2022 7:09pm
The price should dip close to 3510 from 3550 and then up.

This is for today.

Unlikely to to break yesterday low due to bullish close.
Intraday only.
  • #652,105
  • Edited 7:47pm Feb 15, 2022 7:33pm | Edited 7:47pm
G/M, we've seen a lot of pumping and dumping/dumping and pumping with solid very tradeable swings on the 1hr t/f's and below during the market's time in this 4hr range, haven't we? Must be a nightmare for 1hr + trend followers though. As Wavegarrick has said it has to break soon lol! 1hr rangy-currently bullish, 4hr rangy still.

30min bearish hidden div has developed and this may well stay valid so long as price is under 3553. What will today bring? Be back later during London session.

1hr below.
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Trader with an Edge.
  • #652,106
  • Feb 15, 2022 8:09pm Feb 15, 2022 8:09pm
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not euphoria follower
  • #652,107
  • Feb 15, 2022 9:25pm Feb 15, 2022 9:25pm
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yes yes yes
  • #652,108
  • Feb 15, 2022 9:31pm Feb 15, 2022 9:31pm
...early start....coming to end of Asian session, London forex desks will start kicking in about 1hr from now. Y/day a bullish day overall, a real dump and pump day again. Right now - Challenging prev 1hr x 2 sw hi zone again and 50% fib 3609-3486, (which is y/day's lo.) Some fibs then a prev 1hr/4hr sw hi zone to 3568 above that, = prev res = pot res.

1hr below.
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Trader with an Edge.
  • #652,109
  • Feb 15, 2022 9:35pm Feb 15, 2022 9:35pm
break of a significant candle of h1 chart or higher , it's a good signal
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yes yes yes
  • #652,110
  • Feb 15, 2022 9:37pm Feb 15, 2022 9:37pm
... lol

4hr below
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Trader with an Edge.
  • #652,111
  • Feb 15, 2022 9:46pm Feb 15, 2022 9:46pm
The pink zones on chart below show the current 4hr range extremes, the grey zone to lower pink zone show where the majority of the PA is in this range, and the circled red spikes show the false breaks outside the range. No 4hr close outside the range extremes yet.
------------------------
50% of the recent total 3644-3486 fall (ie red circle - red circle) is @ 3565. Wkly Pivot @/around 3564.

4hr below.
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Trader with an Edge.
  • #652,112
  • Feb 15, 2022 9:54pm Feb 15, 2022 9:54pm
... could see supply emerge anywhere from current dly hi to 3566. How strong are the bulls? Will early London produce a follow thru?
Trader with an Edge.
  • #652,113
  • Feb 15, 2022 10:12pm Feb 15, 2022 10:12pm
...Ukraine, Europe, The U.s, and the World breathes a bit easier this morning? Will this slight optimism be reflected in a 'risk on' scenario today? Uk inflation data @ 0700am gmt.
Trader with an Edge.
  • #652,114
  • Feb 15, 2022 10:13pm Feb 15, 2022 10:13pm
Quoting Wavegarrick
{quote} {quote} I am sure you milked the market, well done!!! {quote} Hope I did not offend you, Mysterio. But sure you will get your trades in trending situations. I cannot speak for the 1-minute t/frame. {quote} You don't need to. Just do what you are doing best. {quote} Quite simple. we have been ranging here for over a week. Cheers.
Well done @ Wavegarrick and lot of other traders big, young and small. My own question is were do you think we are going next for the trending phase?
for me i guess Long, upward trend. this is my opinion, what yours?
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #652,115
  • Feb 15, 2022 10:21pm Feb 15, 2022 10:21pm
...1hr bearish hidden div looks like it could develop below 3566 but no 4hr downtrend to enter after a pullback so not an optimum signal re context.
Trader with an Edge.
  • #652,116
  • Feb 15, 2022 10:41pm Feb 15, 2022 10:41pm
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yes yes yes
  • #652,117
  • Feb 15, 2022 10:41pm Feb 15, 2022 10:41pm
Cable bullish til at least 1.3575 then can scan for short setup
  • #652,118
  • Feb 15, 2022 10:43pm Feb 15, 2022 10:43pm
...just into bottom half of the 4hr part of this prev 1hr/4hr sw hi zone to 3566/67 = prev res = pot res...couple of fibs and wkly Pivot in there too near the top of it. 18mins to Uk inflation data...could cause a flutter!?

1hr below.
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Trader with an Edge.
  • #652,119
  • Feb 15, 2022 10:46pm Feb 15, 2022 10:46pm
Quoting mysterio
Cable bullish til at least 1.3575 then can scan for short setup
maybe cant even more higher than yesterday daily candle high , will lookout in CPI in 15 minute , the price moving with no fuel , no str . just a matter of time of dropped , ive exit my long position awaiting CPI give the way
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #652,120
  • Feb 15, 2022 10:51pm Feb 15, 2022 10:51pm
43% buyers vs 57% sellers. Usually the herd will get hurt. Yesterday's daily candle didn't look good for bears. Then that liquidity grab at the bottom yesterday with a resultant "hot stove" effect also comes to mind. I wanted a better price but I just went long here anyway. At 3578 (DR1), I will bank some.

Chart from mobile:
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