Cable Update (GBPUSD)

Quoting Headland

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{quote} Hi. Do you mean 'decent' downside p/backs to get long? If so what are you 're-entering,' because it is really only 1hr that could charitably be described as being in an uptrend, but more 30min? 4hr is presently rangy - yes, recently bullish, and dly is in a downtrend. If you are looking to get long on anything from a 1hr trigger upwards, it must be because you have a bullish bias borne of something other than trend? By the way, I am not saying you are wrong to do so, just curious as to your thinking.

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Quoting Guy1969

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{quote} Hi, to re-enter longs yes. For EU I'm looking for at leastt 1.1585/90, and GU 1.3125. I intend t hold longs into the price levels mentioned earlier. SMA200 presented a roadblock for EU on the H4 TF, so I'm currently just watching. My bullish bias are based on dollar fundamentals, end of shutdown won't aid the dollar imo, and the bond market structure seems to support that sentiment.

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Quoting AleksDreamer

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{quote} Your chart hurts my eyes but doesn't matter if it gives you good entries I guess

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Quoting Headland

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{quote} Thank you for your reply. ---------------------------- ... Intraday is of course bullish so far today, and price @ the CDH, made a move above Dly R1. Bulls are trying for more upside off the current p/back lo of the day's present main upmove to the CDH. 1hr below {image}

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Quoting Guy1969

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{quote} Thanks. My H4 support comes in @1.31047, which is the blue rectangle zone on your chart, that would be my ideal long re-entry.

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Quoting divine97

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{quote} that sell zone has been tested multiple times

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Quoting Pat Chiko

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{quote} CABLE buy on dip/ {image}

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Quoting Pat Chiko

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{quote} CABLE pit stop need seller to come in to fuel this journey. The fuel is LIQUIDITY {image}

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Quoting Headland

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...this week's ranginess so far is probably shown on 4hr chart below. 1 x false upside b/o and 2 x false downside b/o's of the main body/range of PA, that forms the range. (It can be plotted/drawn several ways.) Those on the 4hr, possibly even 1hr triggers, and above, will likely be very frustrated so far this week? Not much upside follow-thru on last week's wkly candle close yet. I'm sure that those playing that candle close for more upside will have their stops below it's lo! 4hr, then wkly below {image} {image}

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Quoting Taibat

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{quote} i feel frustrated with GU this week that i dont know either to go long or short. have been in short posiong for the pass one week. the trade is just there he did not hit my SL nor hit tp i am so stress

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Quoting Mitiblotch

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Well, if by today Thursday the weekly pivot at 3111 still stands undefeated I guess bulls have won their case.

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Quoting DmShka

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{quote} You really think someone here know where GU will GOOO!

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Quoting Abeylyn

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{quote} The Bull may likely come in at 4hr Support point D after the bear ( C ) must have completed the current face. It should be turn by turn . Guesssing....

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Quoting jjoohhnnyy13

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{quote} I have to say that you are pretty good. Just what I don't understand is why you have to always express your stupid comments...

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