Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#675,821
Aug 16, 2022 2:44am Aug 16, 2022 2:44am

GODofMC
Joined Feb 2020 | Status: Monday-Friday | 1,161 Posts

Quoting PatienceFx

Disliked

{quote} https://mumbaimirror.indiatimes.com/...w/74801791.cms

Ignored

10000% Wannabe . -$3000 & -$4000

Gold Recovery All Time Profit: -$3,961

#675,822
Aug 16, 2022 2:46am Aug 16, 2022 2:46am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,229 Posts | Online Now

Quoting Mitiblotch

Disliked

I mentioned the 2020 target since Monday or so and now it has hit! How are you bulls doing? I have joined you with a long at 2020 just for fun. I don't see much here but I love the rhyme or synchronicity that 2020 has. I am not committed to you bulls and will jump out at the slightest hint of turbulence. So, 20-50 pips is enough for me to TP. @Theoak, good trade there!

Ignored

Out at 2031. +11. Not messing with this bear. I will scalp all day. I want to short too but my fibs say not here so will wait.

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#675,823
Aug 16, 2022 2:46am Aug 16, 2022 2:46am

epzero
Joined Oct 2019 | Status: Trader | 1,132 Posts

Buyers have the advantage here , a SL at 1.2000

#675,824
Aug 16, 2022 2:47am Aug 16, 2022 2:47am

Theoak
Joined Apr 2019 | Status: Trader | 5,796 Posts

Quoting Theoak

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{quote} Still in this one, but watching how price act off the resistance at 1.2035 if it pushes down, going to add to short then put stops just above... Then bulls prove me wrong!|

Ignored

OUT ... Too many bulls..

Don't trade what you think. Just what you see!!!

#675,825
Aug 16, 2022 2:48am Aug 16, 2022 2:48am

EvilEye
| Joined Apr 2016 | Status: Trader | 1,381 Posts

I see where I screwed up.
I'm not going to bull this even though it looks like it wants to.

I know what happened - basically same mistake I made last time but I didn't think it could happen further down in this trend.

#675,826
Aug 16, 2022 2:49am Aug 16, 2022 2:49am

parsfx
Joined Oct 2007 | Status: price action trader | 496 Posts

End of measured move?

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Persian Gulf forever

#675,827
Aug 16, 2022 2:53am Aug 16, 2022 2:53am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts

sudden failure correction attempt crashed with some news like effects may not proof any good for bear . may encourage better correctio to bull action , ok may further down again. watching and waiting

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Not understand?better not follow my analyses!doubt clearer first, risks ++

#675,828
Aug 16, 2022 2:55am Aug 16, 2022 2:55am

epzero
Joined Oct 2019 | Status: Trader | 1,132 Posts

I don’t see how sellers can come back to defend their sell

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#675,829
Aug 16, 2022 2:55am Aug 16, 2022 2:55am

Reverso
Joined Apr 2022 | Status: Trader | 630 Posts

Quoting Reverso

Disliked

London opened, today's plan as follows (M15 timeframe): Clear bearish bias, price below daily pivot of 1.20686 - 1.20991, potential entries as follows: 1. Short - if closed below daily lower key level 1.20013, SL 1.20447. 2. Short - if rejected off daily upper key level 1.20570, SL recent high, or alternatively use upper end of daily pivot as SL if you want a wider SL. 3. Short - if rejected off daily pivot area of 1.20686 - 1.20991, SL will be upper end of daily pivot 1.20991. 4. Long - if closed above daily pivot upper level of 1.20991, SL will...

Ignored

Looking at the price action, and considering price was near Long term pivot, it seems downtrend will end today and restart the uptrend, downside is limited because of how near the long term pivot is, supporting the price upwards.

Wouldn't be surprised to see price close beyond daily pivot today, which I will enter Long by then.
Otherwise, any rejection off key levels I will still short it, following my rule book.

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