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Cable Update (GBPUSD)

  • #653,621
  • Mar 11, 2022 7:40am Mar 11, 2022 7:40am
Saw a good opportunity, this is the last trade for today…
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  • #653,622
  • Mar 11, 2022 7:43am Mar 11, 2022 7:43am
... you can see on chart below the next dly/wkly potential support zone is that previous dly/wkly swing lo down to 2854. 4 fibs above it incl that 76.4% 2675-4249 @ today's current lo. Wkly broadening descending channel bottom currently runs through it.

wkly below.
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Trader with an Edge.
  • #653,623
  • Mar 11, 2022 7:44am Mar 11, 2022 7:44am
The original tp for gold was 1962 , i didn't want it to revarse so i took profit at 1970 ,
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yes yes yes
  • #653,624
  • Mar 11, 2022 8:20am Mar 11, 2022 8:20am
...same exp tri pattern on 15min as on 1hr except bearish, and no regular div @ point 3.
U.s data coming up - given a red rating by this site (!) It's not usually a big mover?

15min below
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Trader with an Edge.
  • #653,625
  • Mar 11, 2022 8:20am Mar 11, 2022 8:20am
My hand was itcy going to sell. But but.
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #653,626
  • Mar 11, 2022 8:26am Mar 11, 2022 8:26am
Quoting 3xtazzy
Saw a good opportunity, this is the last trade for today… {image}
tp hit, noice
  • #653,627
  • Mar 11, 2022 8:34am Mar 11, 2022 8:34am
Long 1.308
30 sl
70 tp
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  • #653,628
  • Mar 11, 2022 8:38am Mar 11, 2022 8:38am
join for the day , so short above 3088 for 3045 rested to see scalping , breaks 3044 then down target
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #653,629
  • Mar 11, 2022 8:43am Mar 11, 2022 8:43am
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yes yes yes
  • #653,630
  • Edited 10:16am Mar 11, 2022 8:43am | Edited 10:16am
Quoting Mitiblotch
{quote} TP hit! I survived the scare. {image} Sometimes little bits of knowledge about market movements keep you from taking emotional decisions. I knew that most times Asia high had to be taken if price was to go down. I also knew that if the low was taken first then it was going to be an up day, at least for London session. There are other considerations I may not type here, but suffice it to say that with the dip (without taking out Asia high) I moved my SL from 3055 to 3030 and that saved the trade. Good week so far even if I don't take any...
Good and Great observation and years of experience is what you just told us.OLENU BI LION MEANING YOU ARE MOUTHED LIKE LION. GOD BLESS YOU
GREATEST WISDOM AND POSITIVE ENABLEMENT COMES FROM ALMIGHTY GOD
  • #653,631
  • Mar 11, 2022 8:48am Mar 11, 2022 8:48am
... on 1hr could still get a point 5 of the exp tri either at a retrace or extension of move 3-4. There was of course bearish hidden bearish div @ today's current hi and of course regular bullish div @ today's current lo.

Just hanging for the U/s data then finsihing.

1hr below.
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Trader with an Edge.
  • #653,632
  • Mar 11, 2022 9:02am Mar 11, 2022 9:02am
This is goin deep
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  • #653,633
  • Mar 11, 2022 9:10am Mar 11, 2022 9:10am
Quoting Headland
... on 1hr could still get a point 5 of the exp tri either at a retrace or extension of move 3-4. There was of course bearish hidden bearish div @ today's current hi and of course regular bullish div @ today's current lo. Just hanging for the U/s data then finsihing. 1hr below. {image}
not that pattern there , limit 3114 above and back as standard pa , as just wave a , so still may bounce there or above near bottom/ just below 3077 be enough again possible or continue bear as another leg down of 3 or 5 waves !
eu just retested 0957 and bounce all , waiting if back test again or not .
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #653,634
  • Mar 11, 2022 9:21am Mar 11, 2022 9:21am
eu broken limit 0957 , so target there 0908/0888 . and so all other likely down again , so no worry for bear . will wait . specially gold and oil.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #653,635
  • Mar 11, 2022 9:41am Mar 11, 2022 9:41am
to me there is solid support between 3071 and 3050.

A bounce is what I am looking for.
Intraday only.
  • #653,636
  • Mar 11, 2022 9:50am Mar 11, 2022 9:50am
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Daily r1
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yes yes yes
  • #653,637
  • Edited 10:26am Mar 11, 2022 9:58am | Edited 10:26am
possible pa now, too ranges may harm bull action . waiting for 3083 breakout nd hold. eu breaks and bounce likely but not for gu the same .it should tank much much more !

3068 can be an intermediate target tp now to or to wait more next after a possible bounce 3083/96. before target down ,or just ignore it ! signal eu breaks and hold down 0945.
broken the ice , so target 3044, better 3036 , much better 3000 down few pips for oday
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #653,638
  • Mar 11, 2022 10:34am Mar 11, 2022 10:34am
Quoting chess king
to me ..only one super news can change the course of the sell today
2850 target is it not far away.
  • #653,639
  • Mar 11, 2022 11:43am Mar 11, 2022 11:43am
can be enough below 3044 , above 35 . and close , wherase eu naer 0908 . enough . now ready for gold and oil to bear as far possible ! and gj , audusd too!
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #653,640
  • Mar 11, 2022 11:48am Mar 11, 2022 11:48am
Quoting Georginson
A possible 1.3020 for today, London opening candle (closing price direction) will confirm this. Keenly watching.
As expected 1.3020 almost attained today... Good move.

Brace yourselves for wild action next week. Happy weekend guys!
Data + Stat + Risk/Emotions Management
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