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Cable Update (GBPUSD)

  • #755,741
  • Jul 4, 2023 4:54am Jul 4, 2023 4:54am
Quoting TheWraith
{quote} Just as 1.21 was a magnet before, 1.27 seems to be the same haha. ~1.26 has the highest potential for price to reverse at and start going up.
exactly! Would love a drop to 121 though which ain’t gonna happen any time soon especially as Liz Truss is a gone from memory
Insane in the Brain..
  • #755,742
  • Jul 4, 2023 5:23am Jul 4, 2023 5:23am
...price challenging coexistent prev sw hi zones= prev res = pot res, as it sees another Asian hi upside b/o, making an assault on the 1st of those prev sw hi zones, the 1hr one to current dly hi.

1hr below
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Trader with an Edge.
  • #755,743
  • Jul 4, 2023 5:26am Jul 4, 2023 5:26am
ranging.. ranging.. flying fast
then drop again..
ranging.. ranging.. slow move..
dunno next
  • #755,744
  • Jul 4, 2023 5:27am Jul 4, 2023 5:27am
Quoting Georginson
Slow motion movement this week so far, also noteworthy that the US is on holiday today. 140 - 200 pips is usually the range for the first 3 trade days of the month, so far we have just 65 pips, remaining at least 75 pips to break either 1.2658 or 1.2722... That's 1.2582 versus 1.2800 by today or tomorrow... This movement so far is seen as the calm before the storm... Trade with utmost caution.
. How are you my old freind. I went short 1.2715 and 1.269x. Algo will push Up or at least sustain. If i am right, expect an explosion down when not sustainable. You know my crazy theory. Green pips to you
POSTMASTER
  • #755,745
  • Jul 4, 2023 5:31am Jul 4, 2023 5:31am
This Level , 1,27103 is very hard resistance , I hope they take it out today . Very Boring watching the same PA again and again.

Bella.
Goddess of Thunder..
  • #755,746
  • Jul 4, 2023 5:32am Jul 4, 2023 5:32am
Quoting silverjazz
ranging.. ranging.. flying fast then drop again.. ranging.. ranging.. slow move.. dunno next
So if it is not ranging, do you know what will happen next?

Just asking for a friend.
More time in the market, does not mean you trade better!
  • #755,747
  • Jul 4, 2023 5:37am Jul 4, 2023 5:37am
Quoting Robinhood1
{quote} Usdchf Entered long 2 mondays back @ 0.8942 and been adding. Max. Drawdown 30 pips. Current target 0.9527 and rising. Expected profits multiply my balance 6-8 times in 3 to 6 weeks No rush
USdchf
Current target 0.9575.
11 busness day holding long. Tranquilo
POSTMASTER
  • #755,748
  • Jul 4, 2023 5:44am Jul 4, 2023 5:44am
The moment will surely come, when you see a struggled and laboured move up/down like we are currently seeing, it is only gearing up for explosive move in the opposite direction, it may not be today, but tomorrow should produce the move
  • #755,749
  • Jul 4, 2023 5:44am Jul 4, 2023 5:44am
Quoting Fardeen1209
{quote} So if it is not ranging, do you know what will happen next? Just asking for a friend.
i dont know what will happen next, by fundamental that may affect this pair..
i learn alot about structure, but these boring ranging structure hits different than i learn before.. haha
real battlefields is here..
i have to learn more and more again..
good luck!
  • #755,750
  • Jul 4, 2023 5:49am Jul 4, 2023 5:49am
Quoting Robinhood1
{quote} Good post Ferna. By my experience, brokers are in general legal, just living off the spread. There is a corporation that own the market exchanges so all technical issues are set by them thus pocketing participants accounts. Retailer orders are not sent to real market so their Algo can move up and down smootherly. They can hold for nano seconds millions of orders getting in front thus creating spikes in their favour. They do not trade the market but the traders, advanced traders specifically, till kicked out of the industry. It takes no time...
Thank you for your input Robin. The fact that they are holding orders, i am informed of but yet to understand it’s full meaning.

People think it’s them moving the market. This game been rigged one way or the other since the dawn of time.
I heard they can hold a trade for months? Is it the broker or the bank which makes them hold? Is it an accumulation of commercial positions partially or intermediaries? Like to learn more. Do they get orders from the bank to accumulate at certain prices? Is this what their newsletters and phonecalls is about?
funny as hell
You have an IQ lower than 90 if you interact with this user.
  • #755,751
  • Jul 4, 2023 5:49am Jul 4, 2023 5:49am
Quoting Bella.al
This Level , 1,27103 is very hard resistance , I hope they take it out today . Very Boring watching the same PA again and again. Bella.
Current Rate : 1.27082

You can do it Bulls!, 1.27220! , and after that i have one more figure if you please 1.27622.

Bella.
Goddess of Thunder..
  • #755,752
  • Jul 4, 2023 5:53am Jul 4, 2023 5:53am
Quoting silverjazz
{quote} i dont know what will happen next, by fundamental that may affect this pair.. i learn alot about structure, but these boring ranging structure hits different than i learn before.. haha real battlefields is here.. i have to learn more and more again.. good luck!
In times like this, go to a higher timeframe. Then market structure becomes more clear.
  • #755,753
  • Jul 4, 2023 5:56am Jul 4, 2023 5:56am
Quoting dele5000
The moment will surely come, when you see a struggled and labored move up/down like we are currently seeing, it is only gearing up for explosive move in the opposite direction, it may not be today, but tomorrow should produce the move
Hi, is that based on anecdotal/observational evidence -or- empirical evidence, ie recorded multi-year sample (s) on this pairing? Thanks.

Whatever, it certainly has been labored progression by the bulls. Monday's 2728 hi must be 1st target for them,? before last week's 2759 hi? Lots of potential resistance to the upside, all the way up to 2847-current yrly hi. Starting @ 2592 on 4hr we have that as a LL, then a HL, H, HL, LH, L, H, and what may turn into a HL on close of this current candle on the t/f, (on the gmt+3 price feed,) re 3 candle fractals.

4hr below
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Trader with an Edge.
  • #755,754
  • Jul 4, 2023 6:03am Jul 4, 2023 6:03am
My Sentiment is still UP. But PA a little tricky. dont let this holiday trap you .
There is always tomorrow, the day after tomorrow, or if you cant catch it make it another monday
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #755,755
  • Jul 4, 2023 6:04am Jul 4, 2023 6:04am
Quoting Scotteyy
{quote} In times like this, go to a higher timeframe. Then market structure becomes more clear.
i do, i stick on h4 and h1.. sometimes m15..
and eyeing on dxy also..
  • #755,756
  • Jul 4, 2023 6:13am Jul 4, 2023 6:13am
Quoting silverjazz
{quote} i do, i stick on h4 and h1.. sometimes m15.. and eyeing on dxy also..
Id argue even 1H and 4H aren't too clear. Go higher, look at daily and weekly. They both look super bullish to me. Of course, we can't always be right. But this is what I see.
  • #755,757
  • Jul 4, 2023 6:18am Jul 4, 2023 6:18am
Test Short 1.2712 Baby Lots..
SL 1.2737
Will Add 1.2700, 1.2680, 1.2650,
TP. 1.2600
  • #755,758
  • Jul 4, 2023 6:20am Jul 4, 2023 6:20am
EURUSD selling GBPUSD buying wonderful
  • #755,759
  • Jul 4, 2023 6:20am Jul 4, 2023 6:20am
Quoting GODofMC
My Sentiment is still UP. But PA a little tricky. dont let this holiday trap you . There is always tomorrow, the day after tomorrow, or if you cant catch it make it another monday {image} {image}
welcome back my bro
  • #755,760
  • Jul 4, 2023 6:22am Jul 4, 2023 6:22am
Quoting OperaniyiFx
EURUSD selling GBPUSD buying wonderful
EG smooth down
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