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Cable Update (GBPUSD)

  • #754,541
  • Jun 28, 2023 2:10am Jun 28, 2023 2:10am
stalling. Short
Emotional Control. Process, not outcome.
  • #754,542
  • Jun 28, 2023 2:26am Jun 28, 2023 2:26am
...30min could well close as a bullish engulf/thrust candle in a few mins. 1st downside break of Asian lo proves false.
---------------------------------------
4hr below
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Trader with an Edge.
  • #754,543
  • Jun 28, 2023 2:40am Jun 28, 2023 2:40am
Long 1.2718
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #754,544
  • Edited 3:19am Jun 28, 2023 2:42am | Edited 3:19am
Quoting Konichiwhaat
stalling. Short
Back to 20. May break it this time. SL reduced...

3rd time lucky?
Emotional Control. Process, not outcome.
  • #754,545
  • Jun 28, 2023 2:44am Jun 28, 2023 2:44am
....further drop came out of nowhere? - right to top of a prev 1hr sw lo zone = prev supp = pot supp that extends down to 2711. Dly S1 and a couple of fibs (always!) in there lower down.

1hr below
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Trader with an Edge.
  • #754,546
  • Jun 28, 2023 2:46am Jun 28, 2023 2:46am
Gold is almost done depreciating. Everything will strike (highly likely) in the same moment. Gold to fall under 1900$, Yen to depreciate slightly more before intervention. On intervention Gold will rocket higher, GBP/USD will start it's journey to 1.30 and big retracement on Yen pairs will occur.
  • #754,547
  • Jun 28, 2023 2:52am Jun 28, 2023 2:52am
For GBPUSD on H1, nothing has changed, 1.2717 is still holding, if it breaks, 1.2636 may be seen, otherwise, it will go to 1.2798
  • #754,548
  • Jun 28, 2023 3:00am Jun 28, 2023 3:00am
...last 3 x 1hr closes - a 3 candle expanding triangle.

1hr below
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Trader with an Edge.
  • #754,549
  • Jun 28, 2023 3:13am Jun 28, 2023 3:13am
GU - not quite in full SHORT alignment but it is getting there , H4/D1 entries from H1 corrections
Gold - is in full SHORT alignment as i said yesterday and H1 gave a nice correction to trade back into H4/D1
AUD - is in full SHORT alignment
USDJPY -is in full LONG alignment
NZDUSD is in full SHORT alignment
EURGBP is in full long alingment
EURJPY still in alignment for longs

Some pairs where aligned with D1/W1 entries from H4 corrections

EURNZD one of the best trades yesterday 4h correction came back into alignment with D1/W1
Follow The Markets Structure - Patience and Discipline
  • #754,550
  • Jun 28, 2023 3:14am Jun 28, 2023 3:14am
Quoting pipfarm
GU - not quite in full SHORT alignment but it is getting there , H4/D1 entries from H1 corrections Gold - is in full SHORT alignment as i said yesterday and H1 gave a nice correction to trade back into H4/D1 AUD - is in full SHORT alignment USDJPY -is in full LONG alignment NZDUSD is in full SHORT alignment EURGBP is in full long alingment Some pairs where aligned with D1/W1 entries from H4 corrections
Had a signal on EUR/GBP to go Long, but didn't take it...
  • #754,551
  • Jun 28, 2023 3:18am Jun 28, 2023 3:18am
ranging ranging and ranging..
so sick of this pair..
  • #754,552
  • Jun 28, 2023 3:20am Jun 28, 2023 3:20am
Quoting TheWraith
{quote} Had a signal on EUR/GBP to go Long, but didn't take it...

Im not too keen on EG myself as the swings are not usually that big but as you can see if you had taken the long the directions is correct
Follow The Markets Structure - Patience and Discipline
  • #754,553
  • Jun 28, 2023 3:21am Jun 28, 2023 3:21am
Quoting silverjazz
ranging ranging and ranging.. so sick of this pair..

Move on to another pair or timeframe
Follow The Markets Structure - Patience and Discipline
  • #754,554
  • Jun 28, 2023 3:24am Jun 28, 2023 3:24am
...couple of rejections of the Dly pivot after Asian fall...now testing prev 1hr sw lo zone. Bulls will be hoping it's their team seraching for liquidity?

1hr below
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Trader with an Edge.
  • #754,555
  • Jun 28, 2023 3:26am Jun 28, 2023 3:26am
Quoting pipfarm
{quote} Move on to another pair or timeframe
I don't understand sticking to one pair only. Okay, GBP/USD can be volatile and have opportunities, but there are other 27 pairs to trade also. Especially only trading EUR/USD for example, the worst pair to trade ever and some people only focus on EUR/USD.
  • #754,556
  • Jun 28, 2023 3:27am Jun 28, 2023 3:27am
Quoting dele5000
For GBPUSD on H1, nothing has changed, 1.2717 is still holding, if it breaks, 1.2636 may be seen, otherwise, it will go to 1.2798
Will it break 1.2717? MOTY where is the hammer!!!!
  • #754,557
  • Jun 28, 2023 3:28am Jun 28, 2023 3:28am
Quoting Headland
...couple of rejections of the Dly pivot after Asian fall...now testing prev 1hr sw lo zone. Bulls will be hoping it's their team seraching for liquidity? 1hr below {image}
If it is a liquidity hunt, it could easily extend down to 1.27!

[EDIT] Actually down to 1.2685 would be even more likely (last weeks low)!
  • #754,558
  • Jun 28, 2023 3:29am Jun 28, 2023 3:29am
Quoting TheWraith
{quote} I don't understand sticking to one pair only. Okay, GBP/USD can be volatile and have opportunities, but there are other 27 pairs to trade also. Especially only trading EUR/USD for example, the worst pair to trade ever and some people only focus on EUR/USD.
It's either one or two set-ups across multiple instruments/time frames -or- multiple set-ups across multiple t/f's (say 3 trigger t/f's) of the same instrument. I do the later of these.
Trader with an Edge.
  • #754,559
  • Jun 28, 2023 3:32am Jun 28, 2023 3:32am
EU short at 1.09545. It was a way better setup than GU. Clear analyses, liquidity sweep and down. Hope it continues! Fingers crossed.
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  • #754,560
  • Jun 28, 2023 3:32am Jun 28, 2023 3:32am
Quoting TheWraith
{quote} I don't understand sticking to one pair only. Okay, GBP/USD can be volatile and have opportunities, but there are other 27 pairs to trade also. Especially only trading EUR/USD for example, the worst pair to trade ever and some people only focus on EUR/USD.
You are very right, even pair like AUDNZD sometimes moves and provides opportunities better thanthe so called majors
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