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Cable Update (GBPUSD)

  • #657,281
  • Apr 27, 2022 4:40am Apr 27, 2022 4:40am
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yes yes yes
  • #657,282
  • Apr 27, 2022 4:42am Apr 27, 2022 4:42am
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  • #657,283
  • Apr 27, 2022 4:43am Apr 27, 2022 4:43am
.. potential near-term 1hr and 4hr upside obstacles as below. There is also another fib @ 2720 (On my dly chart) to add to 4hr fibs below.
Just touched top of this aforementioned at current dly lo;

2537-2480 prev dly sw lo x 2 zone = prev supp = pot supp (incl 2512 = Mthly S3, 2506 = Dly S1, & 2495 = 61.8% 1410-4249)



1hr & 4hr below
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Trader with an Edge.
  • #657,284
  • Apr 27, 2022 4:46am Apr 27, 2022 4:46am
Agree need to clear the noise
  • #657,285
  • Apr 27, 2022 4:47am Apr 27, 2022 4:47am
Quoting Konichiwhaat
2550... I dare you!
... slight turbulence at 00...
Emotional Control. Process, not outcome.
  • #657,286
  • Apr 27, 2022 4:48am Apr 27, 2022 4:48am
As I stated earlier price will retrace to 1.26200 before it sells down again.
  • #657,287
  • Apr 27, 2022 4:51am Apr 27, 2022 4:51am
Sorry I am wrong it sells down at this level
  • #657,288
  • Apr 27, 2022 4:53am Apr 27, 2022 4:53am
Price bounce from 2541/35 areas again and again so to see what happened! Usdx though bull but suddenly tanked too having d top in smaller tf, watching what happen next, bull still instant though! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #657,289
  • Apr 27, 2022 4:55am Apr 27, 2022 4:55am
Looking for 1.2660-70 for the long
  • #657,290
  • Apr 27, 2022 5:03am Apr 27, 2022 5:03am
Quoting Headland
...biggest pullback since 3090 hi was 76pips, 2696 to tues's 2772 hi. 1hr and 4hr reg bull div @ current dly lo...nice move up. I think the chart below may just have been the potential support around that 85.4% fib. Could challenge current dly hi. 1hr falling wedge broke to the upside in that run up. wkly below {image}
If the biggest pullback from 1.3090 was 76 pips, it can only mean that 1.2611 may be another potential temporary resistance. Failure to break 1.2611 means bearish continuation, but to where if it is a bearish continuation? Since another support of 1.2558 has been taken out, next support is at 2018 December low of 1.2475...
Data + Stat + Risk/Emotions Management
  • #657,291
  • Apr 27, 2022 5:09am Apr 27, 2022 5:09am
Quoting Georginson
{quote} If the biggest pullback from 1.3090 was 76 pips, it can only mean that 1.2611 may be another potential temporary resistance. Failure to break 1.2611 means bearish continuation, but to where if it is a bearish continuation? Since another support of 1.2558 has been taken out, next support is at 2018 December low of 1.2475...
thanks, yes could be. I also have Wkly S3 @ 2475.
--------------------------

Could see a point 4 develop on a 15/30min bullish exp tri if it pans out that way....pts 1,2, and 3 are already in place and a point 5 (@ an ext or retrace of move 3-4) could develop after a pullback off a point 4, if that pans out too.

30min below
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Trader with an Edge.
  • #657,292
  • Apr 27, 2022 5:13am Apr 27, 2022 5:13am
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now the question is will it confirm that little tl break out or carry a n to 2529 .. 2500
  • #657,293
  • Apr 27, 2022 5:15am Apr 27, 2022 5:15am
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trends our friend or is it
  • #657,294
  • Apr 27, 2022 5:17am Apr 27, 2022 5:17am
Quoting elbert3
{image}trends our friend or is it
' a trend is your friend, until the end, when it bends' lol
Trader with an Edge.
  • #657,295
  • Apr 27, 2022 5:22am Apr 27, 2022 5:22am
Got it, the same as morning views but me forgot about! Clearly a reversal attempt, price likely go above 2637. May towards 2560 or down to up again! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #657,296
  • Apr 27, 2022 6:02am Apr 27, 2022 6:02am
JPY is weak at the moment closing my shorts
My telegram: https://t.me/avidforex
  • #657,297
  • Apr 27, 2022 6:06am Apr 27, 2022 6:06am
Currently short gbpjpy. Resistance starts at 160.200
  • #657,298
  • Apr 27, 2022 6:08am Apr 27, 2022 6:08am
Trend for Gbpusd and gbpjpy currently remain down
  • #657,299
  • Edited 7:00am Apr 27, 2022 6:10am | Edited 7:00am


Scenarios 1,2 or 3 to play out.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #657,300
  • Apr 27, 2022 6:17am Apr 27, 2022 6:17am
Approaching weekly candle reaction area TL retest confluence
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Compulsions can be hard to resist
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