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Cable Update (GBPUSD)

  • #656,501
  • Apr 20, 2022 1:53am Apr 20, 2022 1:53am
Quoting Moty
{quote} don't go against the trend uj is going to 135 {image} {image}
But you just highlighted the retracement to 124 area. It can't just continue rising like that.
  • #656,502
  • Apr 20, 2022 1:55am Apr 20, 2022 1:55am
Quoting Konichiwhaat
{image}
Actually make that 1.32 or better still 1.33
  • #656,503
  • Apr 20, 2022 2:00am Apr 20, 2022 2:00am
Quoting Nd10
{quote} Actually make that 1.32 or better still 1.33
Yes, a positive bounce off of 3020. However I (personally) have been taking smaller targets ever since the war started in Ukraine, I got thrown under the bus a few times there for a while. But yes, I agree, I larger move up looks possible.
Emotional Control. Process, not outcome.
  • #656,504
  • Apr 20, 2022 2:01am Apr 20, 2022 2:01am
dx is on borrow time
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu.png Size: 34 KB
yes yes yes
  • #656,505
  • Apr 20, 2022 2:04am Apr 20, 2022 2:04am
Quoting kris89
Will sell UJ near 128.900 And buy GU near 1.30000
Buy GU @1.30150
Sell UJ @128.700
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #656,506
  • Apr 20, 2022 2:40am Apr 20, 2022 2:40am
G/M, inverted hammer type candle on dly y/day right at that prev 1hr/4hr/dly sw lo zone down to 2972 = prev supp = pot supp. A nice rise from there during asian session. Chart below shows where the sellers came in @ current dly hi. 1hr/probably 4hr rangy right now.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB
Trader with an Edge.
  • #656,507
  • Apr 20, 2022 3:00am Apr 20, 2022 3:00am
...big bearish thrust 1hr close

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB
Trader with an Edge.
  • #656,508
  • Apr 20, 2022 3:03am Apr 20, 2022 3:03am
Quoting Headland
...big bearish thrust 1hr close 1hr below {image}
BEARS TRUST

mi is their trustee...
Maadik Hugiis. IQ 69.
  • #656,509
  • Apr 20, 2022 3:11am Apr 20, 2022 3:11am
Quoting Konichiwhaat
{quote} Yes, a positive bounce off of 3020. However I (personally) have been taking smaller targets ever since the war started in Ukraine, I got thrown under the bus a few times there for a while. But yes, I agree, I larger move up looks possible.
Apt
  • #656,510
  • Apr 20, 2022 3:20am Apr 20, 2022 3:20am
...small downsize follow thru on that last 1hr bear thrust close (so far?) Buyers at those 2 x fibs...30min bullish hidden div there but no 2hr uptrend to enter that t/f too = rangy at the moment. Possible pt 5 of the 1hr bullish exp tri...but this could also come - if it develops at a fib ext of move 3-4, (re the pattern rules.)

1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #656,511
  • Apr 20, 2022 3:35am Apr 20, 2022 3:35am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 32 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx1.png Size: 25 KB
yes yes yes
  • #656,512
  • Apr 20, 2022 3:52am Apr 20, 2022 3:52am
Attached Image (click to enlarge)
Click to Enlarge Name: dx1.png Size: 31 KB
yes yes yes
  • #656,513
  • Apr 20, 2022 3:52am Apr 20, 2022 3:52am
.... meeting some sellers on a test of that 30min spike. Above spike top the current dly hi.
Trader with an Edge.
  • #656,514
  • Apr 20, 2022 4:00am Apr 20, 2022 4:00am
... interesting 4hr close. Range 30min to 4hr persists at the moment, but current bias is bullish within it. this can change in a heartbeat lol! 30min spike extends to that 85.4% fib on 1hr chart.

1hr/4hr below.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 48 KB
Trader with an Edge.
  • #656,515
  • Apr 20, 2022 4:20am Apr 20, 2022 4:20am
.... like the 1hr bearish thrust close before the last big 1hr bullish thrusty type close a slight follow thru and wham! - it reverses on a hidden div set-up this time a 5min bearish hidden div, but like the 30min bullish hidden div at that lo there is no next higher t/f trend to enter after such a pullback ie a 30min/1hr uptrend is not currently present - these 2 x t/f's currently ranging.

A break of the 30min-4hr range will occur at some point. Will let price be my guide as to which way. Keep looking for the clues within the range that might indicate this.

1hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #656,516
  • Apr 20, 2022 4:22am Apr 20, 2022 4:22am
Quoting Georginson
Failure to break down 1.2960 this week, makes 1.3350/1.3400 a strong possibility this April. Only a close below 1.2860 this week will invalidate 1.3350/1.3400 this April.
I'm in a buy. Hope to get a piece of the pie.
  • #656,517
  • Apr 20, 2022 4:30am Apr 20, 2022 4:30am
Quoting kris89
{quote} Buy GU @1.30150 Sell UJ @128.700
will hold these for close these week and next week for sure , i have my trade plan active from today
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #656,518
  • Apr 20, 2022 4:37am Apr 20, 2022 4:37am
Quoting Mitiblotch
{quote} I'm in a buy. Hope to get a piece of the pie.
G/L with your trade. Certainly the bias is currently bullish within this range to 4hr. Dly/Wkly/Mthly are currently bearish and in fact we have seen 6 x consecutive LH's in the wkly downtrend now. This said trends do pullback and indeed reverse, and that pot supp to 2972 current yrly lo has been tested and held with regular bullish div on dly @ that lo

Currently testing bottom of prev 1hr/minor 4hr sw hi zone = prev res = pot res to current dly hi / 2 x fibs

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB
Trader with an Edge.
  • #656,519
  • Apr 20, 2022 4:59am Apr 20, 2022 4:59am
...clearly sellers have been here before at these levels. How strong are the bulls now?

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
Trader with an Edge.
  • #656,520
  • Apr 20, 2022 5:09am Apr 20, 2022 5:09am
... last LH in dly downtrend 3147, last LH in wkly downtrend 3298. 10/20/50 ema's crossed up to 30min now. Favouring a break up at the moment?
Attached Image
Trader with an Edge.
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