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Cable Update (GBPUSD)

  • #657,021
  • Edited 12:44am Apr 26, 2022 12:25am | Edited 12:44am
G/M, London forex desks due to start opening as pullback from y/day's 2697 lo extends to a new current pullback hi of 2772...point 4 of the possible bullish exp tri pattern on 1hr has formed there in a general not classic pattern of it's type...there is also 1hr bearish hidden div present @ that current pullback hi and this may stay valid under 2810 on any deeper pullback.

1hr below(I'm not counting the broker spread widening @ open candle for the asc t/line on chart below.)
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Trader with an Edge.
  • #657,022
  • Apr 26, 2022 12:26am Apr 26, 2022 12:26am
Attached Image (click to enlarge)
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yes yes yes
  • #657,023
  • Apr 26, 2022 12:40am Apr 26, 2022 12:40am
ECB's Kazaks:

"2-3 rate hikes priced by markets are quite reasonable."

"I prefer the first rate hike in July after APP ends at the start of the month."

"I see no reason for rate rises to pause at zero."
  • #657,024
  • Apr 26, 2022 1:09am Apr 26, 2022 1:09am
nah its started , im awaiting the sign to enter the long on more dips

entered @1.27500

open TP and SL , will exit manually if price hit my invalidation area
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #657,025
  • Apr 26, 2022 1:37am Apr 26, 2022 1:37am
Longed gold at 1901
  • #657,026
  • Edited 2:05am Apr 26, 2022 1:39am | Edited 2:05am
...50% of the total pullback off y/day lo reached.

the prev 1hr/minor 4hr sw lo zone down to y/day's 2697 lo is coexistent with that prev dly/wkly/mthly sw lo zone down to 2675 which includes 2679 = Dly S1. Below there:

2669- circa 2627 prev dly/minor wkly sw hi zone= prev res = pot rbs ( incl 2649 = wkly S2)
2616 Dly S2
2584 76.4% 2074-4249
2542 85.4% 2252-4249
2536 Dly S3
2532-2480 prev dly sw lo x 2 zone = prev supp = pot supp (incl 2512 = Mthly S3, 2495 = 61.8% 1410-4249)
2475 = Wkly S3

1hr below
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Trader with an Edge.
  • #657,027
  • Apr 26, 2022 1:41am Apr 26, 2022 1:41am
Gbpusd is retracing but cycle remains upwards
  • #657,028
  • Apr 26, 2022 1:42am Apr 26, 2022 1:42am
Quoting Moty
{image}

after the strong drop expect some choppy


its last days of april doesnt worth trading in such moment..
MY OPINION NOT FINANCIAL ADVISE
  • #657,029
  • Apr 26, 2022 1:50am Apr 26, 2022 1:50am
first hunt try

levels on chart.
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  • #657,030
  • Apr 26, 2022 2:12am Apr 26, 2022 2:12am
Quoting Whale
first hunt try levels on chart. {image}
they hunt me.
-9
renew long 1.2929
another 9 pips risk
  • #657,031
  • Apr 26, 2022 2:12am Apr 26, 2022 2:12am
..they tried..another try for the bulls?

5min below
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Trader with an Edge.
  • #657,032
  • Apr 26, 2022 2:14am Apr 26, 2022 2:14am
Quoting Whale
first hunt try levels on chart. {image}
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as my post these level is hitted , awaiting reaction . hit n run or fake it
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #657,033
  • Apr 26, 2022 2:16am Apr 26, 2022 2:16am
Quoting kris89
{quote} {image} as my post these level is hitted , awaiting reaction . hit n run or fake it
yap my sl just pip below it.
but the pressure is strong.
probably will not work and this is it for me for today/
other pairs are working better for me.
  • #657,034
  • Apr 26, 2022 2:20am Apr 26, 2022 2:20am
Quoting Whale
{quote} yap my sl just pip below it. but the pressure is strong. probably will not work and this is it for me for today/ other pairs are working better for me.
he want lower
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #657,035
  • Apr 26, 2022 2:22am Apr 26, 2022 2:22am
Quoting kris89
{quote} he want lower
could be,
we are trying to use skills to grab a a lot
i dont mind to risk 10p for 50-100p

onto next trade, not GU for now.

wolf pattern still alive, as long as the low hold, the target will be higher
i think we will see WPP, but without me
  • #657,036
  • Apr 26, 2022 2:25am Apr 26, 2022 2:25am
...testing 4hr part of this prev 1hr/minor 4hr sw lo zone down to 2697 - y/day's lo, now. New 4hr asc t/line joining 1410 with 2697 comes thru on this current 4hr candle circa 2699.

wkly falling edge is still intact, below
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Trader with an Edge.
  • #657,037
  • Apr 26, 2022 2:30am Apr 26, 2022 2:30am
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More likely next month we ll not see nothing above 1.30 and LOY still far to reach too
chaos is just unknown order
  • #657,038
  • Apr 26, 2022 2:32am Apr 26, 2022 2:32am
1.27200 add strong LOT buy position
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #657,039
  • Apr 26, 2022 2:34am Apr 26, 2022 2:34am
stopped out of longs earlier.

Now I am long. stop 2710.

This MUST go up now.
Intraday only.
  • #657,040
  • Apr 26, 2022 2:38am Apr 26, 2022 2:38am
Quoting navk
stopped out of longs earlier. Now I am long. stop 2710. This MUST go up now.
in one hour candle we need a strong mementum , if price passed out of steam and ranging here , maybe we will get suprising again on continues down of Q1
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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