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Cable Update (GBPUSD)

  • #656,761
  • Apr 22, 2022 4:47am Apr 22, 2022 4:47am
Quoting Moty
Dx is again at 101.010
Dx at weekly resistance, I think dollar strength should settle for some time, especially to calm UJ.
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  • #656,762
  • Apr 22, 2022 4:51am Apr 22, 2022 4:51am
... decent p/back due? Let's see... downside momentum has slowed.
--------------------------------------------
We've seen some downside follow thru on that last 4hr bearish thrust candle close.
Trader with an Edge.
  • #656,763
  • Apr 22, 2022 4:58am Apr 22, 2022 4:58am
Quoting Georginson
{quote} Decision made already, the destination is now 1.28 this April. Which means 1.3350 is now almost invalidated for April... Let's see the close for more clues.
April Projected Low is now around 1.2826 - 1.2780. Bounce may be limited to 1.2950 - 1.3000.
Data + Stat + Risk/Emotions Management
  • #656,764
  • Apr 22, 2022 5:03am Apr 22, 2022 5:03am
Quoting Konichiwhaat
{quote} Last add at 2920
Not today. Humble. Safe
Emotional Control. Process, not outcome.
  • #656,765
  • Apr 22, 2022 5:07am Apr 22, 2022 5:07am
Another interesting perspective for G/U is that E/G has been on quite a tear during the London session. Buyers might start taking profits at the top of this trendline which could result in E/G dropping a bit. My guess is that will result in G/U getting a decent bounce upwards with E/U going mostly sideways. I guess time will tell..
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  • #656,766
  • Apr 22, 2022 5:21am Apr 22, 2022 5:21am
...bulls are trying -or at least- bears have stopped trying lol! (For now?) When there is nothing but fresh air on the 1hr (first significant t/f re potential supp/res,) +, to the upside (or indeed downside) other than fibs, then you have to look at the sub 1hr t/f's for potential problem areas (ppa's) re any trade you are in. Actually you should know them before you enter.

Some may have spotted the potential exp tri on 4hr with current dly lo or lower a potential point 4....although pt.4 is a bit too 'extended' as a fib ext of move 2-3. Some may have also spotted the point 5 at current dly lo in 5min's exp tri.
Trader with an Edge.
  • #656,767
  • Edited 5:56am Apr 22, 2022 5:28am | Edited 5:56am
Quoting Headland
... decent p/back due? Let's see... downside momentum has slowed. -------------------------------------------- We've seen some downside follow thru on that last 4hr bearish thrust candle close.
Nice +16 pips just closed

It was just a case of being patient.Price has a greater tendency than not of testing deep into these pot supp/res/sbr/rbs zones.

5min below

...potential now for 10min+ (only) bearish hidden div to develop on any deeper pullback.
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Trader with an Edge.
  • #656,768
  • Apr 22, 2022 5:40am Apr 22, 2022 5:40am
Quoting Headland
...bulls are trying -or at least- bears have stopped trying lol! (For now?) When there is nothing but fresh air on the 1hr (first significant t/f re potential supp/res,) +, to the upside (or indeed downside) other than fibs, then you have to look at the sub 1hr t/f's for potential problem areas (ppa's) re any trade you are in. Actually you should know them before you enter. Some may have spotted the potential exp tri on 4hr with current dly lo or lower a potential point 4....although pt.4 is a bit too 'extended' as a fib ext of move 2-3....
Here it is, (but be aware of the caveat mentioned above.)

4hr below
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Trader with an Edge.
  • #656,769
  • Apr 22, 2022 5:54am Apr 22, 2022 5:54am
...doubtless a few waiting to sell the pullback?
Trader with an Edge.
  • #656,770
  • Apr 22, 2022 6:01am Apr 22, 2022 6:01am
...1hr bull thrust engulf of last 2 candle bodies close.

1hr below
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Trader with an Edge.
  • #656,771
  • Apr 22, 2022 6:51am Apr 22, 2022 6:51am
Long is open, hope will reach 1.2960 at NY open.

I will add sell by the close of today, 3-4pm
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  • #656,772
  • Apr 22, 2022 6:58am Apr 22, 2022 6:58am
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  • #656,773
  • Apr 22, 2022 7:03am Apr 22, 2022 7:03am
M1 error.

You shouldn't buy now.
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  • #656,774
  • Apr 22, 2022 7:08am Apr 22, 2022 7:08am
Only 1.264xx


or 1.26363 ok buy.
  • #656,775
  • Apr 22, 2022 7:26am Apr 22, 2022 7:26am
Quoting Kimmymore
M1 error. You shouldn't buy now. {image}
What do you mean by error, if I may ask?
  • #656,776
  • Apr 22, 2022 7:33am Apr 22, 2022 7:33am
Quoting Kimmymore
M1 error. You shouldn't buy now. {image}
Myself and couples of others have asked the same question many times, what is M1 error? I think it would be nice to throw some light on this.
  • #656,777
  • Apr 22, 2022 7:38am Apr 22, 2022 7:38am
Quoting Mitiblotch
{quote} What do you mean by error, if I may ask?
Bro. That's a bad signal for us to see.

It make the price going down.
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  • #656,778
  • Apr 22, 2022 7:45am Apr 22, 2022 7:45am
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  • #656,779
  • Apr 22, 2022 7:54am Apr 22, 2022 7:54am
Quoting Kimmymore
{quote} Bro. That's a bad signal for us to see. It make the price going down. {image}
Good morning everyone...
Yeah I had a buy signal that I went on & it quickly reversed on me... Yep, bad signal... That was on the 1m & 5m too.
My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #656,780
  • Apr 22, 2022 7:57am Apr 22, 2022 7:57am
I guess we will have to wait for the next hour or even the U.S. markets to open to see what will happen next... (9:30 am EST/8:30 CST)...
My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
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