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Cable Update (GBPUSD)

  • #674,181
  • Aug 9, 2022 1:20am Aug 9, 2022 1:20am
The market is trying to retest 61.8% or 76.4% fibonacci level before going down. I am just so sure it is going down today.
  • #674,182
  • Aug 9, 2022 1:22am Aug 9, 2022 1:22am
EURO look 4H

can go to R1
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Trendlines H1,H4, SMC
  • #674,183
  • Aug 9, 2022 1:24am Aug 9, 2022 1:24am
Quoting Moty
Crooky stop hunt {image}
told you
tp changed to daily r1 1.21321
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yes yes yes
  • #674,184
  • Aug 9, 2022 1:28am Aug 9, 2022 1:28am
my view
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MY OPINION NOT FINANCIAL ADVISE
  • #674,185
  • Aug 9, 2022 1:32am Aug 9, 2022 1:32am
Entered long, entry 1.21076, SL 1.20817, TP 1.21464.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 55.9%
  • #674,186
  • Aug 9, 2022 1:37am Aug 9, 2022 1:37am
...Nice! 1hr/4hr steepest desc t/line busted to upside. Potential obstacles overhead now.

1hr below
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Trader with an Edge.
  • #674,187
  • Aug 9, 2022 1:37am Aug 9, 2022 1:37am
Quoting Moty
{quote} told you tp changed to daily r1 1.21321 {image}
Book the profit in longs, wait for retace.

Go long again.

I did that.
Intraday only.
  • #674,188
  • Aug 9, 2022 1:40am Aug 9, 2022 1:40am
Geez has it stopped going up yet?
Was only supposed to tap up there, not run everyone through with an army of green dildoes.
  • #674,189
  • Aug 9, 2022 1:41am Aug 9, 2022 1:41am
Another beautiful day , the buyers won the battle again
  • #674,190
  • Aug 9, 2022 1:41am Aug 9, 2022 1:41am
Quoting Moty
{quote} told you tp changed to daily r1 1.21321 {image}
Glad, now everybody fell sorry , im waiting to sell if this paper reach your TP, or Above about 1.2160ish
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #674,191
  • Aug 9, 2022 1:43am Aug 9, 2022 1:43am
Quoting EvilEye
Geez has it stopped going up yet? Was only supposed to tap up there, not run everyone through with an army of green dildoes.
In my thought it was going to tes yesterday high,
But im not sure because im out of long,
Usually when i take out the profit, prices goes again , and this still happen today
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #674,192
  • Aug 9, 2022 1:44am Aug 9, 2022 1:44am
Quoting TonyHoney
The market is trying to retest 61.8% or 76.4% fibonacci level before going down. I am just so sure it is going down today.
what can stop buyers
but Im not sure
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #674,193
  • Aug 9, 2022 1:46am Aug 9, 2022 1:46am
Jumped in on this short at the 78.6% fib ret of the 4hr bearish engulfing candle of yesterday (actually 3 pips below it). Let's see what I get. I need at least 100 pips which should be around 2021 for TP.
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  • #674,194
  • Aug 9, 2022 1:47am Aug 9, 2022 1:47am
Above 2065, I am buying every dip today
Intraday only.
  • #674,195
  • Aug 9, 2022 1:47am Aug 9, 2022 1:47am
Quoting navk
Above 2065, I am buying every dip today
Go, pump it for me, make me hit my TP, my lord.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 55.9%
  • #674,196
  • Aug 9, 2022 1:48am Aug 9, 2022 1:48am
We tested the support level Moty posted earlier which added as a springboard. We might see 12150 today
Insane in the Brain..
  • #674,197
  • Aug 9, 2022 1:48am Aug 9, 2022 1:48am
...pretty clear the market was consolidating/rangy, and looking for liquidity, it knew there would be stops below that prev 1hr sw lo zone that had been tested and held as supp 4 times (dark blue hollow zone on chart below)...ie a pool of liquidity (effective sell orders acting as stops for long positions.) to buy from.

1hr below
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Trader with an Edge.
  • #674,198
  • Aug 9, 2022 1:50am Aug 9, 2022 1:50am
Quoting josip
{quote} what can stop buyers but Im not sure {image}
Nice chart, from the look of your chart, as long as it stay above 1.2 today i think it will stay bull channel
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #674,199
  • Aug 9, 2022 1:57am Aug 9, 2022 1:57am
Quoting josip
{quote} what can stop buyers but Im not sure {image}
The price is still on 76.4%, if that level is broken, then yesterday high is the deal.
  • #674,200
  • Aug 9, 2022 1:58am Aug 9, 2022 1:58am
Quoting Georginson
{quote} Good catch at 1.2135 which was extremely close to yesterday high, this position will be held as far as price doesn't break yesterday high, so SL now set at 1.2135 being the entry price. Let's see how it unfolds.
I'm still holding this, if it hits my entry 1.2135 which is also my stop, I will not short again until 1.2188 area.

Reason:
Expected Monday Tuesday Range is 130 - 180 pips which means the below price simulations

1.2047 + 130 pips = 1 2177 - 1.2195 area
1.2137 - 130 pips = 1 2000 - 1.1985 area.

So either 1.2177 or 1.2000 will likely occur today.
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