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Cable Update (GBPUSD)

  • #747,741
  • May 26, 2023 2:55am May 26, 2023 2:55am
UJ
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My telegram: https://t.me/avidforex
  • #747,742
  • May 26, 2023 2:55am May 26, 2023 2:55am
Quoting Headland
{quote} Pat, @ current dly hi price is in a prev 4hr sw lo zone = prev supp = pot sbr that has been once disrespected as sbr, but also in a prev 30min sw hi zone, but overall I wouldn't call it potentially strong res, but anything can happen as we are in a 'general' downtrend on 1hr/4hr and dly will print a 2nd LL @ some point @ y/day's lo or lower. Also, price has good Uk retail sales behind it. See what PA does if reached. It would be the 2nd test of that prev 30min sw hi zone. 4hr below {image}
I want to reply earlier.... but was in sticky situation to handle. (embarrassing)

I'm reading on how GBP stretgh overall against few others curreny, such CHF, AUD, CAD

On UK economic growth, it beat the gloomy forecasts.
After high inflation globally, UK CPI inflation falls to 8.7%, going in the right direction.
But, Core inflation is not going down and the UK food costs are troubling.
If they don’t come down we will see more interest rate hikes.

On the news, UK set to have multi-billion-pound Jaguar Land Rover battery plant, creating 9,000 jobs.
Lastly on foot note : Imagine celebrating 8.7% when interest rates are going up again because of it and food inflation is at 19% ?

I need to wait for the current support and resistance levels to be tested before I can understand where the price is headed.
I've been using your marked-up chart along with my own analysis to trade. (This has been going on from the last Century).

You have a good chart that is easy to read.
I hope I do not have to pay any premium or royalty for using your proprietary work for my trading.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #747,743
  • May 26, 2023 2:58am May 26, 2023 2:58am
....could see some 1hr bearish hidden div develop on any pop-up higher so long as below 2386. Nearly developed now but not quite.
Trader with an Edge.
  • #747,744
  • May 26, 2023 2:59am May 26, 2023 2:59am
The break up of Frankfurt open candle was the key
Now it's sky clear for poundi
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yes yes yes
  • #747,745
  • May 26, 2023 3:02am May 26, 2023 3:02am
Quoting Moty
The break up of Frankfurt open candle was the key Now it's sky clear for poundi {image}

YES.... Moty.

Put some rocket in your chart,....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #747,746
  • May 26, 2023 3:03am May 26, 2023 3:03am
Quoting eyefeelsix
{quote} failure crab, I took long for corrections {image}
sl+ zero risk

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https://breakpullback.com
  • #747,747
  • Edited 3:16am May 26, 2023 3:04am | Edited 3:16am
Quoting Pat Chiko
{quote} What is sharing trade ideas vs trade signal ?. I have shared my charts and my analysis of where the price is likely to turn. (not specific point ,but zoning) Some of my trade ideas and setups were ahead of their time, and each trader will have their own method for entering and exiting trades. I am not going to dictate the exact price to enter or exit, but I have provided enough information for you to make your own decisions. I use the support and resistance method, which is a very primitive trading tool. There is nothing more I can offer...
I was hoping for an answer with a precise timeline and explanations. For me the first important moment was yesterday at 10.02: resistance 2365, price action 12 pips down, only h4 up, my personal indicator down: 20 pips. I can go on like this all day yesterday. Good luck in Forex!
  • #747,748
  • May 26, 2023 3:04am May 26, 2023 3:04am
Quoting Whale
GM {image}
hi , I changed my Tp
decent 1:5
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  • #747,749
  • May 26, 2023 3:04am May 26, 2023 3:04am
Quoting Whale
{quote} hi , I changed my Tp {image}

1.24 magnet again?
Exhausted
  • #747,750
  • May 26, 2023 3:05am May 26, 2023 3:05am
Quoting Pat Chiko
{quote} YES.... Moty. Put some rocket in your chart,....
Which sometimes means it's about time to do the exact opposite!
Some folks here claim that doing the reverse of what he does guarantees short-term profits about 90% of the time
  • #747,751
  • May 26, 2023 3:05am May 26, 2023 3:05am
...price pops up higher into apparent 'no-man's land,' -doesn't mean to say there are no imbalances in there just because I/we can't see the 'potential' ones that may exist. Ie price now between that prev 30min sw hi zone, now pot rbs, and the next prev 1hr sw hi zone = pot res.


1hr below
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Trader with an Edge.
  • #747,752
  • May 26, 2023 3:06am May 26, 2023 3:06am
DXY- as prices are crossing the resistance... The dollar becomes weaker and weaker.. So you can use these level to trade the dollar pairs
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My telegram: https://t.me/avidforex
  • #747,753
  • May 26, 2023 3:06am May 26, 2023 3:06am
Quoting dantpm
The last few days we have seen the USD drop off in Asia and rally for the rest of the day with everything falling in line accordingly. Today the USD is struggling a bit to resume the pattern.
let’s hope it stays that way for a bit lol.

feel there is unfinished business between 12650-127 but also between 119 and 120
Insane in the Brain..
  • #747,754
  • May 26, 2023 3:08am May 26, 2023 3:08am
Accidentially clicked sell with big lot, and now fighting with the most trade here,
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #747,755
  • May 26, 2023 3:08am May 26, 2023 3:08am
I don't do TRADE Signal.
All my sharing is TRADE SETUP.

So you can think by your self on how to handle trades. Need to use some brain power


I don't do this kind of trade signal
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #747,756
  • May 26, 2023 3:10am May 26, 2023 3:10am
Quoting Elysion
{quote} 1.24 magnet again?
idk
taking all setup as long daily is at the bullish equilibrium side.
30m gave impulse setup so I took it.
  • #747,757
  • May 26, 2023 3:13am May 26, 2023 3:13am
Quoting Whale
{quote} hi , I changed my Tp decent 1:5 {image}
you same country with moty whale?
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #747,758
  • May 26, 2023 3:14am May 26, 2023 3:14am
Kalm befor stom.
Suprising 15 mins into Lo but no strong movements.
Exhausted
  • #747,759
  • May 26, 2023 3:17am May 26, 2023 3:17am
Quoting Elysion
Kalm befor stom. Suprising 15 mins into Lo but no strong movements.
London forex desks open circa 0630am Uk time and London equities @ 0800am Uk time, so equities have been open 1hr, 17mins so far. Uk is currently on BST = GMT+1
Trader with an Edge.
  • #747,760
  • May 26, 2023 3:17am May 26, 2023 3:17am
Quoting GODofMC
{quote} you same country with moty whale?
yes, Palestine
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