{quote} Shud I buy now? I'm new to Forex
if you don't know better learn because some days people are very greedy and you can lose your whole account
Cable Update (GBPUSD)
- #652,901
- Feb 25, 2022 8:35am Feb 25, 2022 8:35am
- Joined Jun 2011 | Status: the risk is the unknown | 2,182 Posts
if you don't know better learn because some days people are very greedy and you can lose your whole account
- #652,902
- Feb 25, 2022 9:14am Feb 25, 2022 9:14am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
- #652,903
- Feb 25, 2022 9:15am Feb 25, 2022 9:15am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #652,905
- Feb 25, 2022 9:31am Feb 25, 2022 9:31am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
{quote} Moty, love the way you switch. What is your TP on this long?
And this time the gap at the dx is even lower
Bears trap
yes yes yes
- #652,906
- Feb 25, 2022 9:44am Feb 25, 2022 9:44am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
{quote} Hi Guys, There is no denying that Gu has been an extremely difficult currency pair to trade. I have had some stops taken out with the big pullback. I remain with the same rhetoric as in my previous posts. A daily close below 1.35500 will alter my view. George has a specific level at 1.3525, thanks GeorgeNotably, Gu has found support at 1.35458 which is the 61.8% fib retrace of last week's high and low. Touchwood. Trade safe, Cheers {image}
With today and Monday left for this month to end I find it hard to believe that Gu will close the month above 1.35000. We have retraced the day to my monthly open at 1.34384 ish only to be pushed back down.
I am getting bearish signals from a 4 hourly perspective suffice to say also from a daily perspective.
1.32500 should be an immediate target and a weekly close below that sure reaches for my quarter's theory at 1.30000.
Uncertain times with the Ukrainian/ Russian war. So trade cautiously.
Have a great weekend,
Cheers.
Trade to trade another day
- #652,907
- Feb 25, 2022 9:47am Feb 25, 2022 9:47am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
{quote} Last time dx drop from 97.420 , the gu took off to 1.36000 + from 1.34000 area And this time the gap at the dx is even lower Bears trap
Die dollar die
yes yes yes
- #652,909
- Edited 10:47am Feb 25, 2022 10:20am | Edited 10:47am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #652,910
- Feb 25, 2022 10:21am Feb 25, 2022 10:21am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #652,911
- Feb 25, 2022 10:24am Feb 25, 2022 10:24am
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #652,913
- Feb 25, 2022 10:39am Feb 25, 2022 10:39am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #652,914
- Feb 25, 2022 10:57am Feb 25, 2022 10:57am
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #652,915
- Feb 25, 2022 12:19pm Feb 25, 2022 12:19pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #652,916
- Feb 25, 2022 2:55pm Feb 25, 2022 2:55pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #652,917
- Feb 25, 2022 3:02pm Feb 25, 2022 3:02pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,371 Posts
- #652,918
- Feb 25, 2022 3:56pm Feb 25, 2022 3:56pm
- Joined Mar 2020 | Status: Trader | 3,499 Posts
It looks like the Pound wants to 'shake 'n Bake' a few longs... https://youtu.be/RkxAAilnLEI {image}
Inserted Video
Looks like a sell zone above
Compulsions can be hard to resist
- #652,919
- Edited 5:48pm Feb 25, 2022 5:29pm | Edited 5:48pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,371 Posts
- #652,920
- Feb 25, 2022 5:32pm Feb 25, 2022 5:32pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,371 Posts