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Cable Update - Continued 61 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

yes i did not expect this much pull back could even go to 50 fib 6911 on the day chart
Quoting elbert3
{quote} live on the edge,, but make sure you have a net to catch you lol
Continuing caution for the bears

1.692 level.... approaching
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wide view

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looks like a pullback on the back of eur/gbp selling. and eur/gpy hitting january lows. nothing much fundamental about this run. will be rubbished soon.
Quoting JimmyC
{quote} Continuing caution for the bears 1.692 level.... approaching {image} wide view {image}
GU Daily

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This level must be seen.

https://www.tradingview.com/x/Q0pwJtNg/
GBPUSD- On the London open, big offers appeared at 1.6890 - 1.6900

Now, those offers are being eroded, stops building above 1.6915. Offers seen 1.6950/25
DX Daily
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yes looks like shaved head
If skills could be acquired by watching, every dog would be a butcher. Turk
GU 1H

Test for bounce @ the TL... Strength at the TL would be very bullish
If the DX is going to hold its strength... could break
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Quoting whitescalper
{quote} closed both positions at 1.6874 + 84 Pips
I shorted cable 1.6883 though little late right now with no SL may average it if it goes up
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On the clear breakout above 1.6900, GBPUSD can go ahead with 1.6950; though, 1.6920 can provide intermediate resistance to the pair.
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retest to going up then drop lower, or going down without retest
Quoting whitescalper
{quote} I shorted cable 1.6883 though little late right now with no SL may average it if it goes up {image}
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stuck in the middle , on the lower times it is just up down up down with no clear direction . if the yellow 50 crosses overthe red 20 it will be a stronger case shorter .. regards ps it looks like its going to try 690 ???
Quoting whitescalper
{quote} I shorted cable 1.6883 though little late right now with no SL may average it if it goes up {image}
i am currently hedged so there is not much to continue for me from the last post
Quoting elbert3
{quote} {image} stuck in the middle , on the lower times it is just up down up down with no clear direction . if the yellow 50 crosses overthe red 20 it will be a stronger case shorter .. regards ps it looks like its going to try 690 ???
Hi E Would you please explain The Red White and Yellow indicators, are those Moving Average and Exceptional or Simple and Figures Thanks
Quoting elbert3
{quote} {image} stuck in the middle , on the lower times it is just up down up down with no clear direction . if the yellow 50 crosses overthe red 20 it will be a stronger case shorter .. regards ps it looks like its going to try 690 ???

yes well i hedged doing some other semi-auto hybrid grid on Cable .
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Short term I see interesting scenarios for either long or short trades.

Bouncing off of 1,69 and a 61 FIB that could give short opportunities. But def worth watching if we can get a break of the previous low at 1.6837. Shorting a retest will set up a good move.

For the longside I am more cautios although we might see a fakey pattern forming right now. But too early to tell atm
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Learn from yesterday, live for today and hope for tomorrow.
Quoting Dr.Zain
{quote} Hi E Would you please explain The Red White and Yellow indicators, are those Moving Average and Exceptional or Simple and Figures Thanks
see your message box,,regards
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