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Cable Update (GBPUSD)

  • #753,941
  • Jun 23, 2023 4:56am Jun 23, 2023 4:56am
Quoting Wavegarrick
We are below an important level for me at 1.27272 and as long as we stay below I will be looking for short trades. I am also getting bearish confirmation signals from a 4hr perspective and have entered some shorts at 1.27082. Target 1.26000 to 1.25500. Trade safe. Cheers. {image}
Hi Wg
my 4 hr bar closed about 54 mins ago, this close normally gives me direction for the rest of the day, thank you for your assessment
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  • #753,942
  • Jun 23, 2023 4:57am Jun 23, 2023 4:57am
Not being able to successfully break 127 despite trying for a while reminds of how 12680 couldn’t break a few weeks ago and things went the opposite way. Not saying shorts are over but the bulls are resisting the drop well.
Insane in the Brain..
  • #753,943
  • Jun 23, 2023 4:57am Jun 23, 2023 4:57am
New Short 2721
People don't plan to lose. They lose because they don't plan.
  • #753,944
  • Jun 23, 2023 4:59am Jun 23, 2023 4:59am
Quoting DrDave
{quote} Ours is not to wonder why. Ours is but to sell or buy or stand aside and watch-- and laugh or cry.
Perfect broker’s way of thinking.
Mindless drones clicking a button and you earning the spread.
You have an IQ lower than 90 if you interact with this user.
  • #753,945
  • Jun 23, 2023 5:01am Jun 23, 2023 5:01am
...worth a look @ the dly and yes it is in a 'general uptrend' per 3 candle fractal swing analysis...price @ the current p/back hi off current dly lo has entered a minor sw lo zone on this t/f that began @ 2690 (weds lo) and extends to circa 2748.

dly below
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Trader with an Edge.
  • #753,946
  • Jun 23, 2023 5:01am Jun 23, 2023 5:01am
Quoting Theoak
Quick 10 pip scalp long in at 1.2712 target 1.2725
Market turning bullish now added at 1.2721 target around 1.2740
Don't trade what you think. Just what you see!!!
  • #753,947
  • Jun 23, 2023 5:03am Jun 23, 2023 5:03am
Pulk up mf
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yes yes yes
  • #753,948
  • Jun 23, 2023 5:05am Jun 23, 2023 5:05am
...potential upside obstacles for the bulls.

1hr below
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Trader with an Edge.
  • #753,949
  • Jun 23, 2023 5:07am Jun 23, 2023 5:07am
BULLISH "BLACK SWAN" PLEASE!!!
target was not filled
study of behavior and mind,conscious and unconscious
  • #753,950
  • Jun 23, 2023 5:09am Jun 23, 2023 5:09am
Quoting sclpzmalay
BULLISH "BLACK SWAN" PLEASE!!! target was not filled
What timeframe?
Risk Management is of utmost importance!
  • #753,951
  • Jun 23, 2023 5:09am Jun 23, 2023 5:09am
Quoting BeeTogether
Not being able to successfully break 127 despite trying for a while reminds of how 12680 couldn’t break a few weeks ago and things went the opposite way. Not saying shorts are over but the bulls are resisting the drop well.
I agree, we are currently at the bottom of the trend channel. A rebound seems likely..
H1.
  • #753,952
  • Jun 23, 2023 5:11am Jun 23, 2023 5:11am
...

wkly below
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Trader with an Edge.
  • #753,953
  • Jun 23, 2023 5:15am Jun 23, 2023 5:15am
Quoting RCtrader
{quote} What timeframe?
Just joke.... But i have order @ 1.26950.... No target till incoming USD high impact news

I have Sell position on UsdJpy @ 143.230 hmmm.. still floating
study of behavior and mind,conscious and unconscious
  • #753,954
  • Jun 23, 2023 5:19am Jun 23, 2023 5:19am
Quoting DrDave
{quote} Include EURGBP in your view and you can see why it is possible for there to be a strong USD yet GBPUSD goes up--because GBP became even stronger, as evidenced by EURGBP going down. Not confusing at all. Rather, quite logical. Just as restricting your TFs to just one or two severely limits the information that you are evaluating, so too, does limiting the number of instruments.
yes yes i did understand that seeing the correlations..confusing was a wrong choice of word as such a movement doesnt happen that often
  • #753,955
  • Jun 23, 2023 5:21am Jun 23, 2023 5:21am
Quoting Pat Chiko
{quote} GBP GBP basically is still in strong mood to go up. But USD is the stongest now, GBP has to yield against USD. (and CAD) If you look GBP against other currencies, it remain strong.{image} {image} {image}
  • #753,956
  • Jun 23, 2023 5:28am Jun 23, 2023 5:28am
Wow,
Bulls are trying their best to defend 127
C'mon
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  • #753,957
  • Edited 5:48am Jun 23, 2023 5:37am | Edited 5:48am
Quoting TheWraith
{quote} If price is trending up, look on the left where the last closest Sell ended. Vice versa for price trending down. Range, tops and bottoms. {image}
OHH Resistance becoming Support
High yielding trade setup
But lately GU been bitching around when it comes to OB and RSF.
Recently, when a FVG gets filled, thats the Support for LQ.
Looks like a new market participant with very deep pocket joined the GU, his strategy is only FVGs
More time in the market, does not mean you trade better!
  • #753,958
  • Jun 23, 2023 5:38am Jun 23, 2023 5:38am
GU

H1 in correction against H4

H4 moving in same direction as D1 with the H4 swing being a lower high shorts are favoured at the moment
Follow The Markets Structure - Patience and Discipline
  • #753,959
  • Jun 23, 2023 5:45am Jun 23, 2023 5:45am
for the bulls to develop further, the price must close above 1.27260.

H1.
  • #753,960
  • Jun 23, 2023 5:53am Jun 23, 2023 5:53am
Break and retest is no longer a good technique to trade Forex… Apply the concept of head and shoulder, even the Qm which look in form as Liquidity. The head signifies the grab of liquidity the first shoulder is the player that were stoped out and the other shoulder is a retest of the continuation. Normal break and retest of support and resistance is not longer a guarantee for success.
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My telegram: https://t.me/avidforex
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