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Cable Update (GBPUSD)

  • #676,541
  • Aug 18, 2022 5:35am Aug 18, 2022 5:35am
my sentiment
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  • #676,542
  • Aug 18, 2022 5:36am Aug 18, 2022 5:36am
Quoting GODofMC
{quote} Did you check m15 or h1?
the signals are not very good in 15m and higher
yes yes yes
  • #676,543
  • Aug 18, 2022 5:39am Aug 18, 2022 5:39am
Where’s the road map taking us?
  • #676,544
  • Aug 18, 2022 5:39am Aug 18, 2022 5:39am
Quoting Szakhele719
my sentiment {image}
you can be right but still lose
wait for retracement , price can go up to 1.20871 area but will drop 30-50 pips
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yes yes yes
  • #676,545
  • Aug 18, 2022 5:41am Aug 18, 2022 5:41am
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Quoting Houtbay
Where’s the road map taking us?
yes yes yes
  • #676,546
  • Aug 18, 2022 5:41am Aug 18, 2022 5:41am
Quoting voeltoez
I will switch to long if cable break 1.2074..or upper bb h1..starting bullish targetting 1.22 for now everytime goes up..will scalp sell {image}
Im bullish for h1 clear now..but wanna drop 1.2045 to test middle bb..if bounce will fly...
  • #676,547
  • Aug 18, 2022 5:41am Aug 18, 2022 5:41am
Quoting ScalaFX
{quote} Look at inflation, this is worst data, sell the news fundamentally TA screaming for liqudity take, I could be wrong, lets see
I’m surprised we had the strong up move considering how a pile the Uk economy is
Insane in the Brain..
  • #676,548
  • Aug 18, 2022 5:42am Aug 18, 2022 5:42am
Hello. price just went into the top of that prev 4hr sw lo zone that extends down to 1963, = prev supp = pot supp, (which is also 61.8% 1759-2293,) @ today's current dly lo, and we saw the rise from there. Could also have just been a stop hunt on the prev 1hr/4hr/dly sw lo zone that extended down to 2003, ie current dly lo is 1994/95.

Price @ current dly hi tested (again) the prev 1hr sw lo then hi x 2 zone = prev res = pot res, @ the 38.2% 2249-said 1994/95. As Pat points out on his chart above, this has been a swing area many times in the recent past. On 1hr, when it forms fractally we will have a H above the last 3 x LH's on that t/f.

1hr below
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Trader with an Edge.
  • #676,549
  • Aug 18, 2022 5:43am Aug 18, 2022 5:43am
No where is the economy good. Hard times ahead for the near future.
  • #676,550
  • Aug 18, 2022 5:45am Aug 18, 2022 5:45am
Quoting BeeTogether
{quote} I’m surprised we had the strong up move considering how a pile the Uk economy is
TA PA didnt make any HH or HL, only LH and LL at HTFs, trend is down, any spike is a fake! To instant short
People don't plan to lose. They lose because they don't plan.
  • #676,551
  • Aug 18, 2022 5:48am Aug 18, 2022 5:48am
Scala where do you reasses your short?
  • #676,552
  • Aug 18, 2022 5:54am Aug 18, 2022 5:54am
Quoting Houtbay
Scala where do you reasses your short?
Green doted line, maybe 1970 will be watching what price do there
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People don't plan to lose. They lose because they don't plan.
  • #676,553
  • Aug 18, 2022 5:59am Aug 18, 2022 5:59am
I am teaching my children mathematics. They only grasp a concept through working through a problem. Giving the solution does not help them in their ability to reason. They have to come to understand the concepts on their own through practice and deduction and reasoning Once they grasp the concepts on their own then they have it for ever. It’s the same with price movement.
  • #676,554
  • Aug 18, 2022 6:01am Aug 18, 2022 6:01am
Quoting Theoak
I'm Bullish now on this pair. Waiting to pull the trigger
Pulled the trigger Long in at 1.2053 target 35 pips
Don't trade what you think. Just what you see!!!
  • #676,555
  • Aug 18, 2022 6:04am Aug 18, 2022 6:04am
Why risk for 35 pips? Better not to take a position.
  • #676,556
  • Aug 18, 2022 6:07am Aug 18, 2022 6:07am
Quoting eyefeelsix
{quote} out of the cage looking for some food --- potential BE if the price moveback south {image}
take profits and turn around
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https://breakpullback.com
  • #676,557
  • Aug 18, 2022 6:13am Aug 18, 2022 6:13am
Quoting Houtbay
I am teaching my children mathematics. They only grasp a concept through working through a problem. Giving the solution does not help them in their ability to reason. They have to come to understand the concepts on their own through practice and deduction and reasoning Once they grasp the concepts on their own then they have it for ever. It’s the same with price movement.
I'm still working on my 2 times table!
Don't trade what you think. Just what you see!!!
  • #676,558
  • Aug 18, 2022 6:16am Aug 18, 2022 6:16am
Better learn it soon because on forgets it later on when one is in nappies
  • #676,559
  • Aug 18, 2022 6:21am Aug 18, 2022 6:21am
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IgorFX
  • #676,560
  • Aug 18, 2022 6:22am Aug 18, 2022 6:22am
Quoting Moty
{image} {quote}
you've painted an inverse head and shoulders pattern there, that i was not aware of thanks anyway for heads up.
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