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Cable Update (GBPUSD)

  • #756,101
  • Jul 5, 2023 8:43am Jul 5, 2023 8:43am
GU seems to be loosing strength
Intraday only.
  • #756,102
  • Jul 5, 2023 8:44am Jul 5, 2023 8:44am
Quoting Wavegarrick
{quote} Buy trade added at 1.27189 and will look to add towards 1.27000. Cheers. {image}
All weaker buy trades have been closed for a total of 66 pips. Trades towards 1.2700 are locked in at breakeven and some and price must do what it has to. Price should test my daily res1 at 1.27410. A break of 1.27500 should ignite bulls this time around.
Cheers.
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Trade to trade another day
  • #756,103
  • Jul 5, 2023 8:51am Jul 5, 2023 8:51am
Long in at 1.2720
Don't trade what you think. Just what you see!!!
  • #756,104
  • Jul 5, 2023 8:55am Jul 5, 2023 8:55am
USD/JPY

Buy @ 144.200
SL @ 144.085

(Buying at the bottom of the Range, majority of traders still Short).
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  • #756,105
  • Jul 5, 2023 9:03am Jul 5, 2023 9:03am
Quoting Whale
Scalp long 1.2719 target 1.2745
im out +9
slowly inside the daily resistance.. better baby steps now.
  • #756,106
  • Jul 5, 2023 9:03am Jul 5, 2023 9:03am
Quoting Moty
{image} {image}
Nice catch Moty!
  • #756,107
  • Jul 5, 2023 9:04am Jul 5, 2023 9:04am
Amber data not good for USD. Today also feels like a chill out day
Insane in the Brain..
  • #756,108
  • Jul 5, 2023 9:07am Jul 5, 2023 9:07am
Break of current high for GU will be bullish for the week.
Intraday only.
  • #756,109
  • Jul 5, 2023 9:09am Jul 5, 2023 9:09am
Quoting TheWraith
USD/JPY Buy @ 144.200 SL @ 144.085 (Buying at the bottom of the Range, majority of traders still Short). {image}
Added Buy Limit @ 144.040
SL @ 143.890
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  • #756,110
  • Jul 5, 2023 9:11am Jul 5, 2023 9:11am
Quoting OnlineAddict
{quote} You must be looking at some different chart...on mine, gold is steadily going up. If a $6-7 drop on a hourly chart you call crazy, what would you say if gold dropped $100?
Well, gold kinda dropped for 120 pips.
Exhausted
  • #756,111
  • Jul 5, 2023 9:15am Jul 5, 2023 9:15am
Tempted to book profits.
But m15 is still not giving me signals to sell.
Expecting some big moves during NY open today but doesn't seem to happen.
Exhausted
  • #756,112
  • Jul 5, 2023 9:15am Jul 5, 2023 9:15am
1.2707 is a long potential for NY
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  • #756,113
  • Jul 5, 2023 9:19am Jul 5, 2023 9:19am
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  • #756,114
  • Jul 5, 2023 9:20am Jul 5, 2023 9:20am
Quoting Elysion
{quote} Well, gold kinda dropped for 120 pips.
Pips are meaningless on Gold, fact is, during the time of the post, Gold dropped around $6.
Everyone can see the chart, but only a few can actually read it.
  • #756,115
  • Jul 5, 2023 9:23am Jul 5, 2023 9:23am
Quoting OnlineAddict
{quote} Pips are meaningless on Gold, fact is, during the time of the post, Gold dropped around $6.
which equal to 60 pips..
  • #756,116
  • Jul 5, 2023 9:29am Jul 5, 2023 9:29am
Quoting Whale
{quote} which equal to 60 pips..
So like 6 pips on EU or GU, when compared.
Everyone can see the chart, but only a few can actually read it.
  • #756,117
  • Jul 5, 2023 9:30am Jul 5, 2023 9:30am
Very tricky but for sure its a fake out, as i always say corrections manifest in all sorts of patterns very hard to gauge but for sure gold and GU Complete fake outs with the push up on H1
Follow The Markets Structure - Patience and Discipline
  • #756,118
  • Jul 5, 2023 9:38am Jul 5, 2023 9:38am
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  • #756,119
  • Jul 5, 2023 9:40am Jul 5, 2023 9:40am
Quoting OnlineAddict
{quote} Pips are meaningless on Gold, fact is, during the time of the post, Gold dropped around $6.
i honestly thought it would go higher before dropping but there you go , making profits... cheers!
  • #756,120
  • Jul 5, 2023 9:41am Jul 5, 2023 9:41am
I think this is the last high we gonna see for a while
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