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Cable Update (GBPUSD)

  • #654,061
  • Mar 17, 2022 3:26am Mar 17, 2022 3:26am
Quoting Headland
... testing deeper in the zone now. 1hr below. {image}
Could drop hard from what you drew. I will maintain my biase of buys only. For every retracement, i buy. I avoid anything sell now
  • #654,062
  • Mar 17, 2022 3:28am Mar 17, 2022 3:28am
Quoting nAVIN2007
{quote} however baba, if we see 1.3220 this week there is a good chance of either piercing formation on weekly and even possibility weekly engulf, upward momentum should revail.
Bro I see a slight or mid fall inorder to refuel back up harder. I have taken out some buys again. Hoping for another drop so i reload. 1.35 remaining destination. After which, i want a drop again to 1.28 and subsequent push up to 1.4. 1.28 won't work if January high is breached again. Then 1.4. keen eyes
  • #654,063
  • Mar 17, 2022 3:29am Mar 17, 2022 3:29am
Look left. The equal tops are about to be taken out. Aside from time factor, which happens to be the biggest factor, forex trading becomes easy when your eyes are open to the nuances of price movement. Say Amen!
  • #654,064
  • Mar 17, 2022 3:30am Mar 17, 2022 3:30am
Quoting nAVIN2007
{quote} however baba, if we see 1.3220 this week there is a good chance of either piercing formation on weekly and even possibility weekly engulf, upward momentum should revail.
my outlook at these week is very bullish as we have daily Tweezer pattern and daily crab pattern with weekly highly could be engulfing pattern , i expect bull with no pullback at the moment as down like crawling , the impulse should be very strong upward
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #654,065
  • Mar 17, 2022 3:33am Mar 17, 2022 3:33am
Think we are due for that 60 - 80 pips retracement or will it wait till BOE? or not
  • #654,066
  • Mar 17, 2022 3:33am Mar 17, 2022 3:33am
Hello guys... what a week isn't it.. just take my profit of 100+ pips after got reject for 1st attempt.. the 2nd one got me to profit..well this is what I see at H4 & Daily chart... looks like the trend has confirm the bulls.. but I dont know what she going to be look like.. maybe go straithgt like last December or ranging like last Febuary..but one think for sure.. this bull will last at least untill the end of this month... or like always maybe im wrong.. its random.. have a nice day..
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  • #654,067
  • Mar 17, 2022 3:46am Mar 17, 2022 3:46am
Quoting kris89
{quote} my outlook at these week is very bullish as we have daily Tweezer pattern and daily crab pattern with weekly highly could be engulfing pattern , i expect bull with no pullback at the moment as down like crawling , the impulse should be very strong upward
Sign of indecision perhaps last month's print
maybe just me but b4 war i thought this sum bitch was looking to go higher...time will tell us
  • #654,068
  • Mar 17, 2022 3:46am Mar 17, 2022 3:46am
...top of that prev dly/wkly sw zone lo that began @ 3161 now = prev supp = pot sbr.

wkly below.
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Trader with an Edge.
  • #654,069
  • Mar 17, 2022 3:47am Mar 17, 2022 3:47am
Quoting Nd10
{quote} Bro I see a slight or mid fall inorder to refuel back up harder. I have taken out some buys again. Hoping for another drop so i reload. 1.35 remaining destination. After which, i want a drop again to 1.28 and subsequent push up to 1.4. 1.28 won't work if January high is breached again. Then 1.4. keen eyes
lets see
  • #654,070
  • Mar 17, 2022 3:56am Mar 17, 2022 3:56am
... potential expanding triangle (exp tri) developing on dly with point 4 possibly coming at a fib ext of move 2-3. let's see? If so, expect a drop from pt.4 to a potential pt.5 which will be at a fib retrace or ext of move 3-4.

dly below.
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Trader with an Edge.
  • #654,071
  • Mar 17, 2022 3:57am Mar 17, 2022 3:57am
I thing some pipe going to short 15 pip
  • #654,072
  • Mar 17, 2022 4:01am Mar 17, 2022 4:01am
... potential for 3min or 5min bullish hidden div to develop on any deeper drop so long as above 3163. 15min whilst above 3148.
Trader with an Edge.
  • #654,073
  • Mar 17, 2022 4:03am Mar 17, 2022 4:03am
Is Dxy Done Yet or still have some more work? Caution though
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  • #654,074
  • Mar 17, 2022 4:08am Mar 17, 2022 4:08am
3193 to 3150/40 for NY to take it up again.

IMO
Intraday only.
  • #654,075
  • Mar 17, 2022 4:11am Mar 17, 2022 4:11am
Attachment g
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yes yes yes
  • #654,076
  • Mar 17, 2022 4:13am Mar 17, 2022 4:13am
reached level of concern . will look for correction down for 3080 , cup and handle pattern if work ! signal 3159 breakout , confirmation 3147. take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #654,077
  • Mar 17, 2022 4:14am Mar 17, 2022 4:14am
... classic rally-base-drop a la Sam Seidon's teachings, that and the bearish regular div on 1, 3 and 5min...also extends to 15min and 1hr. @ potential resistance.

5min below
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Trader with an Edge.
  • #654,078
  • Mar 17, 2022 4:31am Mar 17, 2022 4:31am
Quoting nAVIN2007
{quote} however baba, if we see 1.3220 this week there is a good chance of either piercing formation on weekly and even possibility weekly engulf, upward momentum should revail.
The market has a way of trapping traders and some may have fallen for it yesterday... Fundamentally speaking, USD had no reason to be weak yesterday after hike was done and it was even backed up with hawkish rhetorics. Now this move upward has a chance of trapping bulls once more again as price may do a turnaround and revisit 1.30 area and if broken still exposes 1.28.

Pay very close attention to 1.3220 area, weekly close below this level is still bearish.

if the low of 1.3000 stays unbroken, then expect 1.3550 within 3 weeks. if 1.3000 gets broken, expect sell off to 1.29 - 1.2850 area, which will provoke a bounce to 1.3356 area (January support turned resistance)

Expect these sequence from March till end of May.. 1.3000 ^ 1.3220.... 1.2855 ^ 1.3356 ... 1.3000 ^ 1.3550.

Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #654,079
  • Mar 17, 2022 4:37am Mar 17, 2022 4:37am
Wait for the inevitable spike above the liquidity area, then a close below the equal tops line, then short it to form a right shoulder. This is my scalp idea. Doesn't mean I will trade it, but it is good to have an idea. But be careful since the daily chart currently has tweezer bottom and the weekly is trying to paint a bullish engulfing candle.
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  • #654,080
  • Mar 17, 2022 4:42am Mar 17, 2022 4:42am
Quoting Georginson
{quote} The market has a way of trapping traders and some may have fallen for it yesterday... Fundamentally speaking, USD had no reason to be weak yesterday after hike was done and it was even backed up with hawkish rhetorics. Now this move upward has a chance of trapping bulls once more again as price may do a turnaround and revisit 1.30 area and if broken still exposes 1.28. Pay very close attention to 1.3220 area, weekly close below this level is still bearish. if the low of 1.3000 stays unbroken, then expect 1.3550 within 3 weeks. if 1.3000...
The professor!
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