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Cable Update (GBPUSD)

  • #737,541
  • Mar 23, 2023 9:26am Mar 23, 2023 9:26am
Quoting BigNumbers
{quote} It showing right in the chart… everyone should take note and make good use of this opportunity. It comes but once. Take advantage with pairs like Gold and BTCUSD. A big move is coming. Be vigilant, Forex is about taking opportunities!!!
go ahead, sell the dollar.
  • #737,542
  • Mar 23, 2023 9:28am Mar 23, 2023 9:28am
Quoting dantpm
{quote} The internet probably isn't the best place for the extremely sensitive, opinionated, aggressive, rude, there have to be more of these adjectives.


Lol... what is this truth you speak.. BAH!
Don't compare your trades to others. Most often the masses are the asses
  • #737,543
  • Mar 23, 2023 9:32am Mar 23, 2023 9:32am
123 supporting for time being. A break below looks like it could happen. If it does then there are some areas of interest. From a bullish level 12350 is first area to test before opening way to 124.
Insane in the Brain..
  • #737,544
  • Mar 23, 2023 9:36am Mar 23, 2023 9:36am
This PA is pure ASS! My bias is still short for today though.
  • #737,545
  • Mar 23, 2023 9:39am Mar 23, 2023 9:39am
Quoting AyoLouie07
This PA is pure ASS! My bias is still short for today though.
You and a lot of others. This is probably what is keeping the price up!
  • #737,546
  • Mar 23, 2023 9:42am Mar 23, 2023 9:42am
Short at 1.2311 - trailing the stop to secure profit and pending order for a buy on its way back up - looks like it needs some consolidation before a decent retest up to 1.24 and higher - It looks like it is being squeezed though - market reactions will make it volatile so make sure your stops are in place and you follow with the trend on your time frames. -

looking to load up buys anywhere here will keep lowering my pending buy order
  • #737,547
  • Mar 23, 2023 9:46am Mar 23, 2023 9:46am
Quoting dantpm
{quote} You and a lot of others. This is probably what is keeping the price up!
I think around noon we'll see the bottom fall out. Right now its just screwing everyone both ways.
  • #737,548
  • Mar 23, 2023 9:48am Mar 23, 2023 9:48am
EU looks strong yesterday and today.
DXY is kept weak mainly as a result.

Fundamental wise, traditionally raising rates should push the USD higher. However, it is the other way round now.

Reason i read from news is that rate ceiling is closer now, thus rate increase possibility in future is lower. Typical news writer always having reasons for bullish or bearish markets.
  • #737,549
  • Mar 23, 2023 9:48am Mar 23, 2023 9:48am
I LOVE these types of candlesticks! I've found that they have a high probability of being wick filled, even if it's just a scalp. Got a quick 18 pips and hopped out.
Attached Image (click to enlarge)
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  • #737,550
  • Mar 23, 2023 10:08am Mar 23, 2023 10:08am
Quoting AyoLouie07
This PA is pure ASS! My bias is still short for today though.
we are still in an uptrend, after all:
price produced a new high, then with Frankfurt open price retraced to daily open (at least where I live) and from there it did what price does in an uptrend: it moved up again.
Nevertheless momentum is fading and each high struggles a lot to minimally exceed the last one; to be short will be an option once we have seen a lower low and a lower high..
  • #737,551
  • Mar 23, 2023 10:10am Mar 23, 2023 10:10am
gbpusd
If we will get below blue line,and staying below white line, we can see price below 1.23
otherwise up to green line...
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #737,552
  • Mar 23, 2023 10:15am Mar 23, 2023 10:15am
Looks like wave 5 going up in 3s from h1, some kind of ending diagonal, could be messy, the dip on H1 usually signifies the end of first impulse and hopefully into the 2nd.

What happens is that it usually will come back on itself quite deep after each 3 wave impulse

This matches with being close to the break out for 2440 daily into trend.
Follow The Markets Structure - Patience and Discipline
  • #737,553
  • Mar 23, 2023 10:25am Mar 23, 2023 10:25am
Added short 12329
Insane in the Brain..
  • #737,554
  • Mar 23, 2023 10:31am Mar 23, 2023 10:31am
Quoting BeeTogether
Added short 12329
Are you sure?

what tf are you trading from?
Follow The Markets Structure - Patience and Discipline
  • #737,555
  • Mar 23, 2023 10:39am Mar 23, 2023 10:39am
bulls might be winning

the pair can then range and push up to 1.245 if the price stays above 1.229
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #737,556
  • Mar 23, 2023 10:39am Mar 23, 2023 10:39am
update gbpusd
support cca 1.2316
if we are above = dont like to open short
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #737,557
  • Mar 23, 2023 10:40am Mar 23, 2023 10:40am
Quoting pipfarm
{quote} Are you sure? what tf are you trading from?
im looking at 1min 15min
and at price action. 12340-50 not cracked and rejected. On the other hand 12270 didn’t crack either and was rejected. It’s tested 123 a few times without breaking it but 12340 hasn’t been retested.
Insane in the Brain..
  • #737,558
  • Mar 23, 2023 10:52am Mar 23, 2023 10:52am
Quoting ScalaFX
{quote} Taking half for cover loss from last position plus some for me, rest protected and set target to 2350, from there I will be selling when we get there
closed all positions 🍀🏛💪 waiting higher with few pendings or no trade today more, happy🙂🍀🏛
People don't plan to lose. They lose because they don't plan.
  • #737,559
  • Mar 23, 2023 10:55am Mar 23, 2023 10:55am
strong bull until tomorrow i guess..
it may touch 1.24xxx sooner or later..
wishing my TP hit at 1.236xx
  • #737,560
  • Mar 23, 2023 10:59am Mar 23, 2023 10:59am
DX not crossing R
Let's see, if it can...
wedge p.
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
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