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Cable Update (GBPUSD)

  • #713,461
  • Dec 12, 2022 4:56am Dec 12, 2022 4:56am
Quoting Robinhood1
Shorting GJ, small lot to around 166. That was 167.95
Yaww... Adjust my SL to be...
Peace Yo!
  • #713,462
  • Dec 12, 2022 4:57am Dec 12, 2022 4:57am
Quoting Robinhood1
Shorting GJ, small lot to around 166. That was 167.95
Hourly is just confirming Buy after this Hourly Candle closes.. take care!
I see why you Short though..
  • #713,463
  • Dec 12, 2022 4:59am Dec 12, 2022 4:59am
Quoting TheWolf
On Daily Chart, price still didn't reach the Resistance Zone in my opinion.. perhaps that wick did reach the Zone, but I don't think so.. expect the price to reach this Zone before anything else. Then we'll see.. This is where the Resistance should lie, not lower than this.. {image}
That wick formed as a fractal swing hi, so in itself is a potential res zone now, (and in fact repelled Friday's hi on a test of it,) below the one you highlight that extends up to 2405.

Dly below
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Trader with an Edge.
  • #713,464
  • Dec 12, 2022 5:00am Dec 12, 2022 5:00am
Quoting Headland
{quote} That wick formed as a fractal swing hi, so in itself is a potential res zone now, below the one you highlight to 2405. Dly below {image}
Uhm.. thanks!
  • #713,465
  • Dec 12, 2022 5:04am Dec 12, 2022 5:04am
Quoting Indiara
{quote} Trade is now protected. {image}
I moved SL to +20, which is my daily target, so that I don't get caught out like I did last week. Price is losing strength so I won't risk the target that I already have
I am neither brave nor stupid...I am just a part time trader
  • #713,466
  • Dec 12, 2022 5:04am Dec 12, 2022 5:04am
~40 pips retracement in play? Probably..
  • #713,467
  • Dec 12, 2022 5:04am Dec 12, 2022 5:04am
Attached Image (click to enlarge)
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  • #713,468
  • Dec 12, 2022 5:05am Dec 12, 2022 5:05am
Quoting TheWolf
{quote} Hourly is just confirming Buy after this Hourly Candle closes.. take care! I see why you Short though..
Thanks Wolf. I am going against what i consider the main trend and so small lot. I beleive it has to bounce off the lower trendline before surpassing the high.

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POSTMASTER
  • #713,469
  • Dec 12, 2022 5:05am Dec 12, 2022 5:05am
Trying to short for 20 pips from xxx85. May bclose below 10 pips
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #713,470
  • Dec 12, 2022 5:06am Dec 12, 2022 5:06am
Quoting Robinhood1
{quote} Thanks Wolf. I am going against what i consider the main trend and so small lot. I beleive it has to bounce off the lower trendline before surpassing the high. {image}
Anfd YEN will strenghten for a mini period
POSTMASTER
  • #713,471
  • Dec 12, 2022 5:12am Dec 12, 2022 5:12am
QUASIMODO on 50% FİBO
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  • #713,472
  • Dec 12, 2022 5:12am Dec 12, 2022 5:12am
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trying again to break . Potentially watching this type of setup
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  • #713,473
  • Dec 12, 2022 5:13am Dec 12, 2022 5:13am
GU still got left UP movement
1.232 is to be seen, but i just need small retracement before going there
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #713,474
  • Dec 12, 2022 5:14am Dec 12, 2022 5:14am
Quoting Robinhood1
{quote} Anfd YEN will strenghten for a mini period
It seems to me Yen will strengthen first and foremost because the upcoming recession rather then BoJ's change in monetary policy. Recession will come sooner then they will start to raise rates in my opinion. We'll see though, Kuroda is the Gov until April..
  • #713,475
  • Dec 12, 2022 5:14am Dec 12, 2022 5:14am
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  • #713,476
  • Dec 12, 2022 5:15am Dec 12, 2022 5:15am
this is kinda the highest i can tolerate for sells

see what happens on the PB

if we break the last high the sells are off, switch to buys
  • #713,477
  • Edited 5:35am Dec 12, 2022 5:16am | Edited 5:35am
Attached Image (click to enlarge)
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room for more upside remember cam lvl short @ 1.22921
  • #713,478
  • Dec 12, 2022 5:18am Dec 12, 2022 5:18am
Attached Image (click to enlarge)
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  • #713,479
  • Dec 12, 2022 5:18am Dec 12, 2022 5:18am
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higher break could see . 12450 to 2500
  • #713,480
  • Dec 12, 2022 5:20am Dec 12, 2022 5:20am
Quoting GODofMC
GU still got left UP movement 1.232 is to be seen, but i just need small retracement before going there
Possibly
POSTMASTER
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