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Cable Update (GBPUSD)

  • #672,781
  • Aug 2, 2022 2:36am Aug 2, 2022 2:36am
What's interesting about this range they're establishing is that they didn't attack yesterday's high before dropping.
We could have more drop in store now, but I will wait to see which way they handle this trading range.
  • #672,782
  • Aug 2, 2022 2:43am Aug 2, 2022 2:43am
Quoting ICouldBWrong
I have a real hard time not seeing the dollar get some kind of bounce (or reversal) somewhere around these levels. {image}
Right, so something just like that. Just in case anyone was wondering.
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  • #672,783
  • Aug 2, 2022 2:43am Aug 2, 2022 2:43am
Quoting Wavegarrick
{quote} Hi Guys, Gu looking very bullish at the moment. I took it smack on the lip with my trade taken out. Not that I am complaining because every bullish move is good for me. I have one last one, a probing trade for me at 1.22864 and hopefully I can regain my loss or some of it. Cheers. {image}
Buy Trade opened just below 1.22000. s/loss 50 pips.
Take care,
Cheers
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Trade to trade another day
  • #672,784
  • Aug 2, 2022 2:44am Aug 2, 2022 2:44am
2170 or 2150 in NY session.

Am going to short every retrace today
Intraday only.
  • #672,785
  • Aug 2, 2022 2:45am Aug 2, 2022 2:45am
JOLTS Job Openings will decide the way
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  • #672,786
  • Aug 2, 2022 2:49am Aug 2, 2022 2:49am
Quoting BeeTogether
{quote} Wasn’t that the mine we talked about yesterday, saying once it hits there it should go up this GU down?
you need to watch the buyer and seller on order flow to know the direction, mt4 indicator is a joke mate.
check my stream and you will see the real buyer and seller printed just like stock market, link below
see how much selling and you buying, doesn't make since right

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  • #672,787
  • Aug 2, 2022 2:52am Aug 2, 2022 2:52am
BUY 2200 .. TP 2280 .. SL .. 2170
  • #672,788
  • Aug 2, 2022 2:54am Aug 2, 2022 2:54am
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yes yes yes
  • #672,789
  • Aug 2, 2022 2:56am Aug 2, 2022 2:56am
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yes yes yes
  • #672,790
  • Aug 2, 2022 3:01am Aug 2, 2022 3:01am
long order picked up @ 1.2197
  • #672,791
  • Aug 2, 2022 3:05am Aug 2, 2022 3:05am
A bit premature to be talking about going long yet, I think.
  • #672,792
  • Aug 2, 2022 3:06am Aug 2, 2022 3:06am
let us see what thr basic trend lines have to say
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  • #672,793
  • Aug 2, 2022 3:07am Aug 2, 2022 3:07am
Quoting Chris_35
long order picked up @ 1.2197
but way my friend ? it's bearish day
use this indi , as long price is below it , don't buy
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Attached File(s)
File Type: ex4 ©Candle Shadow.ex4   5 KB | 244 downloads
File Type: ex4 ©Bar Bands.ex4   7 KB | 291 downloads
yes yes yes
  • #672,794
  • Aug 2, 2022 3:08am Aug 2, 2022 3:08am
Sell momentum is strong and with any retrace so catching long trades is very risky now, Trade safe!
People don't plan to lose. They lose because they don't plan.
  • #672,795
  • Aug 2, 2022 3:08am Aug 2, 2022 3:08am
to 2230 /40 I expect.

Will short there.

A small buy as retrace now.
Intraday only.
  • #672,796
  • Aug 2, 2022 3:11am Aug 2, 2022 3:11am
im done short...now going long target 1.23
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  • #672,797
  • Aug 2, 2022 3:12am Aug 2, 2022 3:12am
Quoting eyefeelsix
{quote} low risk high return --- keep on eyes on horizontal lines {image}
price in the zone, long atm --- re-entry @the same level if SL broken
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https://breakpullback.com
  • #672,798
  • Edited 3:36am Aug 2, 2022 3:12am | Edited 3:36am
My view is we need to find some liquidity between 1.2180 -1.2164, before we think of going long and it might even go lower than that. There is no price action yet for upward move. I'm looking for an upward move, but there is nothing to get me in on it. Can't understand what other traders are seeing yet. Everyone is going against this full on bear move!!
Don't trade what you think. Just what you see!!!
  • #672,799
  • Aug 2, 2022 3:16am Aug 2, 2022 3:16am
price bounce from mid bb..maybe go up test high first before big drop
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  • #672,800
  • Aug 2, 2022 3:22am Aug 2, 2022 3:22am
Quoting Moty
{quote} but way my friend ? it's bearish day use this indi , as long price is below it , don't buy {image} {file} {file}
I agree Moty, but hopefully not all day
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