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Cable Update (GBPUSD)

  • #651,781
  • Feb 11, 2022 7:39am Feb 11, 2022 7:39am
Quoting Learner-xx
If you look at on the 1H what do you see? A spike candle. At one point it was solid green but look at it now. That is the pin that does damage in the market. Anyone who bought GBPUSD on that pin thinking it's momentum, is now red on their account. It's meant to trigger the stops, grab pending orders of those who place buy orders and said if price comes to a particular level, im buying. its also meant to induce people to buy buy buy!!!! and gets what, they trap the traders, shift the zone and start sliding down. Just look and see all this play out,...
I am not in a GU trade at the moment. I am just replying because you mentioned 1hr candle. Normally, it isn't correct to refer to a candle that still has 21 minutes to close.
  • #651,782
  • Feb 11, 2022 7:43am Feb 11, 2022 7:43am
... today in London session 1hr has printed a LL @ 3513, a H, a HL, and what will be a HH when it forms fractally, so a bullish upmove but not an uptrend yet, and like 4hr remains rangy/consolidation.

EDIT: pullback of the upmove today has reached 38.2% of it.

4hr below.
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Trader with an Edge.
  • #651,783
  • Feb 11, 2022 7:44am Feb 11, 2022 7:44am
I sold it. 10 Lots
Executing trades with precision!!
  • #651,784
  • Feb 11, 2022 7:45am Feb 11, 2022 7:45am
Quoting Mitiblotch
{quote} I am not in a GU trade at the moment. I am just replying because you mentioned 1hr candle. Normally, it isn't correct to refer to a candle that still has 21 minutes to close.
I am looking at it on the 15 minute and thats why I tell you to look at your one hr. it will end as a red spike down. its an art
Executing trades with precision!!
  • #651,785
  • Feb 11, 2022 7:50am Feb 11, 2022 7:50am
Quoting Learner-xx
{quote} I am looking at it on the 15 minute and thats why I tell you to look at your one hr. it will end as a red spike down. its an art
I wish you huge profits mate. I really don't want to short this pair or EU today because of my personal rules. I am currently not in a trade in GU or EU.
  • #651,786
  • Feb 11, 2022 7:53am Feb 11, 2022 7:53am
the most important line is S, all above = buy
in blue channel can anything happen, down up down up...
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Trendlines H1,H4, SMC
  • #651,787
  • Feb 11, 2022 7:53am Feb 11, 2022 7:53am
...inbetween the red lines is the 4hr range consolidation, the spikes outside are just that ...the blue line to the bottom red line is where most PA has occurred within this range.

4hr below.
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Trader with an Edge.
  • #651,788
  • Feb 11, 2022 7:57am Feb 11, 2022 7:57am
will be closing some long positions at 1.3827
POSTMASTER
  • #651,789
  • Edited 8:21am Feb 11, 2022 8:11am | Edited 8:21am
just open computer to check charts , all old though closed by mistake . still on pa , tank to weekly close below 3530 if all done crazy actions week long, no necessarily 3450 today! in smaller tf signal already , so sell at the bounce top be fine & comfort for 3530 play ! bove 3582 , or below 3577
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #651,790
  • Feb 11, 2022 8:28am Feb 11, 2022 8:28am
Quoting Learner-xx
{quote} I am looking at it on the 15 minute and thats why I tell you to look at your one hr. it will end as a red spike down. its an art
its an art

LOL. I think it is just a matter of checking how price is unfolding on lower TFs. Really, more logic than art involved.
To free Gazans of Hamas, use whatever it takes.
  • #651,791
  • Feb 11, 2022 8:40am Feb 11, 2022 8:40am
if look h1 its long sideway.if look h4 it should drop.But when i dont know.its sure under 1.35 it will be.if look h4.
  • #651,792
  • Feb 11, 2022 8:44am Feb 11, 2022 8:44am
trying to the top
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  • #651,793
  • Feb 11, 2022 9:04am Feb 11, 2022 9:04am
I cannot see up or down?
  • #651,794
  • Feb 11, 2022 9:09am Feb 11, 2022 9:09am
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  • #651,795
  • Feb 11, 2022 9:17am Feb 11, 2022 9:17am
1.3595 under attack, i bet bullish win the war today for testing yesterday high or maybe higher to 1.3660
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  • #651,796
  • Feb 11, 2022 9:22am Feb 11, 2022 9:22am
... since learner-xx told us all where we were going wrong and sold 10 lots - it's done nothing but go up lol! Far from trapping buyers - it might have trapped sellers! Seriously though, G/L with your trade, anything can happen.
---------------------

Challenging prev 1hr sw hi zone to today's current hi now = prev res = pot res.

1hr below.
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Trader with an Edge.
  • #651,797
  • Feb 11, 2022 9:24am Feb 11, 2022 9:24am
Quoting Mitiblotch
{quote} I wish you huge profits mate. I really don't want to short this pair or EU today because of my personal rules. I am currently not in a trade in GU or EU.
There are things that come from years of observation.
  • #651,798
  • Feb 11, 2022 9:27am Feb 11, 2022 9:27am
Quoting maxi444
I cannot see up or down?
Indecision time.
Fed rate rise projected min x 6 in 22, meaning a recession, too much debt, cost of living is high.

Some good advice -
Does a Recession Have an Impact on Forex? | Forex Academy
  • #651,799
  • Feb 11, 2022 9:33am Feb 11, 2022 9:33am
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yes yes yes
  • #651,800
  • Feb 11, 2022 9:34am Feb 11, 2022 9:34am
Quoting PatienceFx
{image}
Good trade my friend, Stay a green, and happy weekend
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