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Cable Update (GBPUSD)

  • #739,841
  • Apr 7, 2023 5:11am Apr 7, 2023 5:11am
Quoting pipfarm
{quote} D1 LH,LL entry on 4H is the ideal and hold to swing end, however longs could also be taken on any LH,LL dips on H1 once H4 has moved into a new upswing. Confirmation for entry is the tricky part

Bear in mind we are assuming H4 has completed a 5 swing bull flag pattern for the correction
Follow The Markets Structure - Patience and Discipline
  • #739,842
  • Apr 7, 2023 5:16am Apr 7, 2023 5:16am
Quoting pipfarm
{quote} Bear in mind we are assuming H4 has completed a 5 swing bull flag pattern for the correction
Is this what you mean?
Attached Image (click to enlarge)
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I have no clue where it's going
  • #739,843
  • Apr 7, 2023 5:23am Apr 7, 2023 5:23am
Quoting LifeRider
{quote} Is this what you mean? {image}
The channel is the assumed bull flag correction , so i hope to go long

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 29 KB



Trade at your own risk, i do not give trade signals , i just post my analysis and sometimes live trades
Follow The Markets Structure - Patience and Discipline
  • #739,844
  • Apr 7, 2023 5:24am Apr 7, 2023 5:24am
Quoting LifeRider
{quote} Is this what you mean? {image}
Deleted, duplicate post
Follow The Markets Structure - Patience and Discipline
  • #739,845
  • Apr 7, 2023 5:29am Apr 7, 2023 5:29am
No trading for me today.

have a great weekend!
How to succeed in zero sum game?
  • #739,846
  • Apr 7, 2023 5:35am Apr 7, 2023 5:35am
GU buy, 10 pips SL.
Patience.....
  • #739,847
  • Apr 7, 2023 5:48am Apr 7, 2023 5:48am
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #739,848
  • Apr 7, 2023 5:56am Apr 7, 2023 5:56am
Quoting pipfarm
{quote} The channel is the assumed bull flag correction , so i hope to go long {image} Trade at your own risk, i do not give trade signals , i just post my analysis and sometimes live trades
Would you wait for the breakout to go up?

Thank you.
I have no clue where it's going
  • #739,849
  • Apr 7, 2023 6:00am Apr 7, 2023 6:00am
Quoting LifeRider
{quote} Would you wait for the breakout to go up? Thank you.
How you enter a trade is up to you , i have my own methods which i do not post here, sorry i can not help more.

Personally i might enter now because the risk is low , 30 pip stop which is well within my defined risk and money management plan, the higher up you enter the bigger the risk.
Follow The Markets Structure - Patience and Discipline
  • #739,850
  • Apr 7, 2023 6:41am Apr 7, 2023 6:41am
NFP
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  • #739,851
  • Apr 7, 2023 6:50am Apr 7, 2023 6:50am
Ok
I couldn't resist
Let's go 1.24040
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yes yes yes
  • #739,852
  • Apr 7, 2023 6:54am Apr 7, 2023 6:54am
Quoting Moty
Ok I couldn't resist Let's go 1.24040 {image}
barely took 3hrs then!
  • #739,853
  • Apr 7, 2023 6:55am Apr 7, 2023 6:55am
I think that the jobs report has been priced in already and it has to be very good for Cable to dump.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #739,854
  • Apr 7, 2023 6:56am Apr 7, 2023 6:56am
20pips SL let's see how it goes with my stacked short
Attached Image (click to enlarge)
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  • #739,855
  • Apr 7, 2023 6:58am Apr 7, 2023 6:58am
Quoting Fredo219
GU buy, 10 pips SL.
Stopped out, done for the week.
Patience.....
  • #739,856
  • Apr 7, 2023 7:05am Apr 7, 2023 7:05am
Quoting LitEU
20pips SL let's see how it goes with my stacked short {image}
disclaimer don't take trades off my chart I don't give FX signal's please do your own home work, i really don't want nobody cursing at me for no reason

My lot size have been carefully calculated and I'm comfortable losing 20pips on each trades please don't copy my trades
  • #739,857
  • Apr 7, 2023 7:11am Apr 7, 2023 7:11am
Quoting Fredo219
{quote} Stopped out, done for the week.
frustrating if/when it eventually heads right where you'd anticipated!
  • #739,858
  • Apr 7, 2023 7:16am Apr 7, 2023 7:16am
I have a feeling unemployment rate will not change
  • #739,859
  • Apr 7, 2023 7:23am Apr 7, 2023 7:23am
gbpusd update
technically what we can see is:

I prefer from S to R1
If we stay below S then to S1

I forgot next support at 1.2412
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #739,860
  • Apr 7, 2023 7:34am Apr 7, 2023 7:34am
Mf !!!
My tp is at 1.24020 and not at 1.24000 to avoid being skipped because of the 0.16 spread so rhey revased at 1.24040
But i am pretty sure that it will hit
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yes yes yes
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