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Cable Update (GBPUSD)

  • #718,061
  • Jan 5, 2023 3:12am Jan 5, 2023 3:12am
Quoting BigNumbers
GBPJPY LONG Not too sure but I'll give it a try because the risk is minimal. Lets see what the Algorithm thinks {image}
M15 Short
M30 Short


Hourly Chart: just confirmed Short (careful!)

However, London is known to push Pound up against Yen.. seen it hundred times already.. GL!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPY 15M.png Size: 23 KB
  • #718,062
  • Jan 5, 2023 3:15am Jan 5, 2023 3:15am
...to the downside, this prev 1hr/4hr and separate 1hr sw hi zones = prev res = pot rbs @ the current dy lo could see further demand in them if challenged lower,? maybe even down to 1993. Then below there, - a prev 1hr/minor 4hr sw lo zone = prev supp = pot supp that starts circa 1981 and extends down to 1971.
Pink zones shown on chart below are prev 30min sw hi or lo zones only, the rest are 1hr or 1hr/4hr prev sw hi or lo zones.

1hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #718,063
  • Jan 5, 2023 3:16am Jan 5, 2023 3:16am
Attached Image (click to enlarge)
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juggling again near s/r
  • #718,064
  • Jan 5, 2023 3:19am Jan 5, 2023 3:19am
GBP/USD H4 Update..

H1... ~1.20337 potentially good price to Short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD H4.png Size: 19 KB
Click to Enlarge Name: GBPUSD H1.png Size: 26 KB
  • #718,065
  • Jan 5, 2023 3:20am Jan 5, 2023 3:20am
Quoting elbert3
{image}juggling again near s/r
Or MM's on a fishing expedition for those who want to commit early to a direction...
  • #718,066
  • Jan 5, 2023 3:32am Jan 5, 2023 3:32am
H4, little bit cleaner chart.. no wicks..

It seems to say that if the price fails (if the candle fails) to close below ~1.2010 H4 remains Bullish, if however it closes below this price, then coupled with M15, M30 and Hourly and Daily, we have complete Bearish picture..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4.png Size: 19 KB
  • #718,067
  • Jan 5, 2023 3:34am Jan 5, 2023 3:34am
Quoting Moty
uj is on fire almost 300 pips bulls run in 2 days {image}
finally, I see a trend channel from you

lol.
  • #718,068
  • Jan 5, 2023 3:41am Jan 5, 2023 3:41am
...upside follow-thru so far on the prev 1hr close - the bullish piercing pattern candle....this prev 1hr/minor 4hr sw lo zone is being challenged as I type this (@ a 38.2% fib of the day's current main move - the fall, and the Dly Pivot in it at a prev 30min sw lo zone) = prev supp = pot sbr, extends to circa 2054 on 4hr part, and has been tested once and held as sbr with a resultant prev 1hr sw hi zone that extends up to 2050.

1hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #718,069
  • Jan 5, 2023 3:43am Jan 5, 2023 3:43am
GBP/USD Hourly
Short @ 1.20332 SL 1.20647

Gotta practice what I preach ha?

Coffee time no? Bye Forex! This is the only trade for today I think. Not much action going on, I think they are preparing for tommorow..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H1.png Size: 22 KB
  • #718,070
  • Jan 5, 2023 3:43am Jan 5, 2023 3:43am
Attachment g
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 18 KB
yes yes yes
  • #718,071
  • Jan 5, 2023 3:44am Jan 5, 2023 3:44am
Quoting tiborf71
{quote} finally, I see a trend channel from you lol.
The oppposite? Yes, return towards 1.31 and lower
Let the market decide
  • #718,072
  • Jan 5, 2023 3:46am Jan 5, 2023 3:46am
Quoting tradexyz
{image} {quote} https://www.actionforex.com/markets/...-pivot-points/
I can't find it, can you be more specific with direct download link or better still attach it here.

Thanks
  • #718,073
  • Jan 5, 2023 3:48am Jan 5, 2023 3:48am
Quoting Moty
4366228 {image}
I reckon this is it but gonna leave it until after NFP
  • #718,074
  • Jan 5, 2023 3:52am Jan 5, 2023 3:52am
Quoting pipfarm
Thinking to short again , H4 is in correction after the last breakdown 15 min ,we can see the correction in full ABC , A has three waves up , B is a 5 wave triangle and C a 5 wave impulse up. breakdown of 2013 might be the confirmation for another short as the swing will be trending down, the previous abc swing down looked false, much more like an ABC expanding flat to induce shorts too early.
Structure changed overnight with the last 15 higher L,H, HL, HH making a larger degree swing up but this morning we broke down with a trend swing to get in short @2030, so the previous entry level was no longer valid.
Follow The Markets Structure - Patience and Discipline
  • #718,075
  • Jan 5, 2023 3:53am Jan 5, 2023 3:53am
...that prev 1hr/4hr congestion that lasted 7 days has proved a real draw for price - indeed price is still in it again after 2 failed downside real b/o attempts, (circled.)

1hr below
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Trader with an Edge.
  • #718,076
  • Jan 5, 2023 3:55am Jan 5, 2023 3:55am
Hi All,

This is my active channel on the Daily. There's a market imbalance zone which will at some point get filled, so I'm maintaining a bullish bias on GBPUSD. Also, the 200MA (Blue line) could provide some nice support for this move.

Guy
Attached Image (click to enlarge)
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  • #718,077
  • Jan 5, 2023 3:57am Jan 5, 2023 3:57am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 18 KB
yes yes yes
  • #718,078
  • Jan 5, 2023 3:57am Jan 5, 2023 3:57am
gbpusd and usindex

gbp = if we stay below R, we can go below S, if not = rise to R1 and back down or higher
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #718,079
  • Jan 5, 2023 3:58am Jan 5, 2023 3:58am
...the repeating pattern of bullish hidden div is still valid on dly, it was valid so long as price stayed above 1899 on my charts re my osc's. I wonder whether longer-term bulls will try and build on y/day's bullish engulf on this t/f? Food for thought?

dly below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #718,080
  • Jan 5, 2023 4:10am Jan 5, 2023 4:10am
Update!!!
GBPUSD broke out of M30 LQ Zone to the upside but M30 is weak compare to H4 or D1 break out. If you’re selling observe the market closely.
My telegram: https://t.me/avidforex
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