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Cable Update (GBPUSD)

  • #686,081
  • Edited 3:12am Sep 21, 2022 2:44am | Edited 3:12am
Quoting Indiara
My protecting SL got tripped. Back to the long grass for me! {image}
Yes, get them shades popping up and down over the grass waiting for that Welder beast...
Don't trade what you think. Just what you see!!!
  • #686,082
  • Sep 21, 2022 2:45am Sep 21, 2022 2:45am
I wonder how far will we go down for GU.
Exhausted
  • #686,083
  • Sep 21, 2022 2:49am Sep 21, 2022 2:49am
Quoting Elysion
I wonder how far will we go down for GU.
I’m thinking 112-11150
Insane in the Brain..
  • #686,084
  • Sep 21, 2022 2:53am Sep 21, 2022 2:53am
Quoting Elysion
I wonder how far will we go down for GU.
It's been like this for months on the 4-hr timeframe... Nice little Bull run... Get the Bulls trapped them smash them. I don't know, but there is a globally interest rate rise! I think it's in a better state than the EUR.
Don't trade what you think. Just what you see!!!
  • #686,085
  • Sep 21, 2022 2:54am Sep 21, 2022 2:54am
I'm gonna go full scalper mode today to recover my losses before the FOMC meeting :<
Exhausted
  • #686,086
  • Sep 21, 2022 2:56am Sep 21, 2022 2:56am
Cable is currently trading along the bottom trendline of the bearish channel that formed after losses accelerated in April. However, yesterday's close below the pandemic-era support at 1.1400 opens the possibility of sharp losses depending on how the greenback reacts to the FOMC decision today.

Not to mention the BOE's meeting tomorrow, which will also play a big role in UK economic sentiment, and demand for the Pound.

All trading carries risk, but it will be worth watching as it's shaping up to be a volatile end to the week for GBP/USD
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd -21092022.png Size: 54 KB
  • #686,087
  • Sep 21, 2022 3:02am Sep 21, 2022 3:02am
Quoting Theoak
{quote} It's been like this for months on the 4-hr timeframe... Nice little Bull run... Get the Bulls trapped them smash them. I don't know, but there is a globally interest rate rise! I think it's in a better state than the EUR.
As a scalper I have fun trading both sides though.
Exhausted
  • #686,088
  • Sep 21, 2022 3:03am Sep 21, 2022 3:03am
I have a GU Sell now. Same as UJ, I want to protect as soon as I can

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 115 KB
I am neither brave nor stupid...I am just a part time trader
  • #686,089
  • Sep 21, 2022 3:04am Sep 21, 2022 3:04am
price has broken last weeks Lo and tested it
Even more pressure
Attached Image (click to enlarge)
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in wondering about yourself, you forgot what you came here to be part of
  • #686,090
  • Sep 21, 2022 3:04am Sep 21, 2022 3:04am
Quoting Theoak
Short in at 1.1346
Another 15 pips in the kitty!!!!

Half loaded as I think this might go on a massive bear run!!!
Don't trade what you think. Just what you see!!!
  • #686,091
  • Sep 21, 2022 3:06am Sep 21, 2022 3:06am
Quoting CityIndex
Cable is currently trading along the bottom trendline of the bearish channel that formed after losses accelerated in April. However, yesterday's close below the pandemic-era support at 1.1400 opens the possibility of sharp losses depending on how the greenback reacts to the FOMC decision today. Not to mention the BOE's meeting tomorrow, which will also play a big role in UK economic sentiment, and demand for the Pound. All trading carries risk, but it will be worth watching as it's shaping up to be a volatile end to the week for GBP/USD {image}
target 1.13

who can spot the rsi value on chart wins
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 12 KB
  • #686,092
  • Edited 3:18am Sep 21, 2022 3:07am | Edited 3:18am
G/M, a small narrow range asian session followed by the Uk PSNBR inspired drop to 1305 - new current yrly lo, and then a pullback to the prev 1hr x 3/4hr x 2/minor dly sw lo zone that started @ 1350 with supply coming in there...nice 5min bearish hidden div play there. Sailing blind below 1305 really re potential supp/res. 1296 is Dly S2 but no Wkly/Mthly pivots to worry about to the downside until 1269, = Wkly S1.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
Trader with an Edge.
  • #686,093
  • Sep 21, 2022 3:10am Sep 21, 2022 3:10am
Quoting eyefeelsix
{quote} Based on TA and PA --- if 1.1350 failed to break-down I have several scenarios, one of which is : {image}
stop-out and I'm done on GU this week, good luck for the bulls & bears --- keep your account alive and well

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 15 KB
https://breakpullback.com
  • #686,094
  • Sep 21, 2022 3:11am Sep 21, 2022 3:11am
Attached Image (click to enlarge)
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yes yes yes
  • #686,095
  • Sep 21, 2022 3:14am Sep 21, 2022 3:14am
Quoting Moty
{image}
never trust macd below h4
  • #686,096
  • Sep 21, 2022 3:17am Sep 21, 2022 3:17am
Quoting Moty
{image}
Look at the dollar index on the 5 min chart and it has what appears to be a triple top or at least a double top as well.
  • #686,097
  • Sep 21, 2022 3:21am Sep 21, 2022 3:21am
...5 consecutive bearish body closes on 4hr now (gmt+3) and that number is the most common maximum number of consecutive same body colour candles on this t/f, across a very large multi-year sample.

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
Trader with an Edge.
  • #686,098
  • Sep 21, 2022 3:24am Sep 21, 2022 3:24am
Quoting PatienceFx
{quote} target 1.13 who can spot the rsi value on chart wins {image}
Waiting for the impulse move to 1.13
Exhausted
  • #686,099
  • Sep 21, 2022 3:25am Sep 21, 2022 3:25am
... interesting

What's Next from the Fed? (commonwealth.com)
Trader with an Edge.
  • #686,100
  • Sep 21, 2022 3:27am Sep 21, 2022 3:27am
Quoting Moty
{image}
This time I might not agree on bullish side, RSI still shows strong downwards momentum
Exhausted
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