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Cable Update (GBPUSD)

  • #674,081
  • Aug 8, 2022 11:27am Aug 8, 2022 11:27am
...1hr rising wedge broken to downside...price arrives @ 61.8% of the day's current lo-hi, @ the current p/back lo

1hr below
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Trader with an Edge.
  • #674,082
  • Aug 8, 2022 11:30am Aug 8, 2022 11:30am
Quoting Inthebox
{quote} {image}
short continuation
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ITB - Seeing Orderliness amongst 'Randomness'
  • #674,083
  • Aug 8, 2022 11:31am Aug 8, 2022 11:31am
Quoting Moty
{quote} Unbelievable, I fell asleep and he gave a move down {image}
moty moty, you can't sleep at work
but don't worry, we will go back to 1.2130 in this week...
Trendlines H1,H4, SMC
  • #674,084
  • Aug 8, 2022 11:32am Aug 8, 2022 11:32am
...

4hr below
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Trader with an Edge.
  • #674,085
  • Aug 8, 2022 11:34am Aug 8, 2022 11:34am
Quoting spijack
GU H4 REE Sell in play {image}
closed short GU +70pips
"bad trades at times do happen even when the set up are good"
  • #674,086
  • Aug 8, 2022 11:36am Aug 8, 2022 11:36am
... I said in a post earlier that the 1hr bearish hidden div would likely stay a valid pattern whilst under 2167 and the current dly hi is indeed under that. But it came @ a HH after 2 consec HL's on that t/f - this a potential H (not fractal yet) after a HL on 4hr - into whose general downtrend it would be an entry after a pullback. So all in all not optimum particularly as 4hr is a potential H, always want the higher t/f in this downtrend scenario to be a pot LH. generally still see pip gain on these but a far lesser probability of a move to a new trend lo below the current 4hr downtrend lo of last week's 2003 lo. Doesn't mean it won't/can't happen, just that it is lower in probability.

1hr below
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Trader with an Edge.
  • #674,087
  • Aug 8, 2022 11:42am Aug 8, 2022 11:42am
Quoting Mitiblotch
If you are not shorting this here you are wrong. Bank on short at 2133 which is around 78.6% of the dump candle of Friday. Between tomorrow and Wednesday, the Asia low of today around 204x will be taken out with force!
that's our job as traders, what to do when we are wrong
https://breakpullback.com
  • #674,088
  • Aug 8, 2022 11:47am Aug 8, 2022 11:47am
Quoting Georginson
{quote} I'm seeing bearish clues due to the following reasons ✓Rate was raised last Thursday by .50 basis point yet the price couldn't break 1.2345 ✓ Since 14th of July low of 1.1760 the highest retracement in 4 hours candle was 190 pips, until Friday that the retracement became 290 pips (1.2293 - 1.2003). This huge fall off the high is bullish invalidation to me. ✓1.2060 temporary support got broken on Friday, followed up with minimal 90 pips retracement until Monday before adding further 30 pips to such recovery to 1.2123....
Bearish validity ongoing, I will be selling any move to 1.2100 axis again... Let's see how it unfolds.
Data + Stat + Risk/Emotions Management
  • #674,089
  • Aug 8, 2022 11:55am Aug 8, 2022 11:55am
Quoting donfriday
find the best entry and scale this air gonna range a while before some fire

scalpers heaven is here



tomorrow up 1.2150-75
MY OPINION NOT FINANCIAL ADVISE
  • #674,090
  • Aug 8, 2022 12:28pm Aug 8, 2022 12:28pm
Quoting ForexGoose
{quote} sold from 1.211, stop loss above 1.215, target is 1.20 and under {image}
i feel that the bear is coming
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #674,091
  • Aug 8, 2022 12:45pm Aug 8, 2022 12:45pm
You can fight anyone, but you cannot fight the logic. You can say buy or sell whatever you want. But market will go to its logical direction.
With courage, patience, and discipline, success is a matter of time.
  • #674,092
  • Aug 8, 2022 12:59pm Aug 8, 2022 12:59pm
Come on !!!
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yes yes yes
  • #674,093
  • Aug 8, 2022 1:13pm Aug 8, 2022 1:13pm
usindex is growing, gbp is falling
beginners should know this
Trendlines H1,H4, SMC
  • #674,094
  • Aug 8, 2022 1:22pm Aug 8, 2022 1:22pm
Inserted Video


Inserted Video
"Exchange of hands"
  • #674,095
  • Aug 8, 2022 1:27pm Aug 8, 2022 1:27pm
get freaky with it and trade exotics too
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be a thinker before being a reacter
  • #674,096
  • Aug 8, 2022 1:35pm Aug 8, 2022 1:35pm
Quoting boodvah
get freaky with it and trade exotics too {image}
I love the way u $3 in profit and having the time of your life

power to ya..wish u much success..
  • #674,097
  • Aug 8, 2022 1:38pm Aug 8, 2022 1:38pm
Quoting nAVIN2007
{quote} I love the way u $3 in profit and having the time of your life power to ya..wish u much success..
damn so much shade my guy take this and tighten up
be a thinker before being a reacter
  • #674,098
  • Aug 8, 2022 1:39pm Aug 8, 2022 1:39pm
Quoting Moty
{quote} Unbelievable, I fell asleep and he gave a move down {image} {image}
O ti lule
  • #674,099
  • Aug 8, 2022 1:51pm Aug 8, 2022 1:51pm
Quoting Moty
Come on !!! {image}
no no no don't buy am selling please
Tradeing is not your mate
  • #674,100
  • Aug 8, 2022 1:54pm Aug 8, 2022 1:54pm
...testing bottom of that prev 1hr sw lo x 2 zone now with those 2 x fibs...bulls fell @ 1st hurdle there - that prev 30min sw lo zone = prev supp = pot sbr.

1hr below
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