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Cable Update (GBPUSD)

  • #756,281
  • Jul 6, 2023 3:13am Jul 6, 2023 3:13am
1.2728 try to resist bull pressure
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #756,282
  • Jul 6, 2023 3:13am Jul 6, 2023 3:13am
Quoting Headland
{quote} Hi, I guess it depends on the t/f's you operate on. Happy days on the lower t/f's, ie the sub 15min triggers.
Operating on m5 but monitoring overall trend on m15. m30 and h1 are just wicks and fractals all over the places.
Exhausted
  • #756,283
  • Jul 6, 2023 3:13am Jul 6, 2023 3:13am
Quoting Elysion
{quote} Operating on m5 but monitoring overall trend on m15. m30 and h1 are just wicks and fractals all over the places.
...in a week (so far) where Wkly R1 or Wkly S1 have not been bothered by price, and only 39% of 13wk awr traveled....as reflected in 1hr/4hr current ranginess. Wkly R1 is @/around 2773 and looks more likely from a proximity to current price point of view, but anything can happen.
Trader with an Edge.
  • #756,284
  • Jul 6, 2023 3:17am Jul 6, 2023 3:17am
Quoting Yngwie
1.2728 try to resist bull pressure
Yeah, I'm considering exiting and switch to sell if this persist.
Exhausted
  • #756,285
  • Jul 6, 2023 3:24am Jul 6, 2023 3:24am
Quoting Headland
{quote} ...in a week (so far) where Wkly R1 or Wkly S1 have not been bothered by price, and only 39% of 13wk awr traveled....as reflected in 1hr/4hr current ranginess. Wkly R1 is @/around 2773 and looks more likely from a proximity to current price point of view, but anything can happen.
Next H4 candle should be crucial, 37 mins to go.
Exhausted
  • #756,286
  • Jul 6, 2023 3:24am Jul 6, 2023 3:24am
Price reacted to 1.273 and went down. Perhaps it's heading to take out SL's for Long Orders that were sitting here. We'll see...
  • #756,287
  • Jul 6, 2023 3:26am Jul 6, 2023 3:26am
Quoting Elysion
{quote} Next H4 candle should be crucial, 37 mins to go.
I agree. If unable to break above 1.275 then we should Sell.
  • #756,288
  • Jul 6, 2023 3:28am Jul 6, 2023 3:28am
GU

H1 correction

Break of 2735 sends it into a trend

However H4 is showing as a minor wave so it may not get far past 2759
Follow The Markets Structure - Patience and Discipline
  • #756,289
  • Jul 6, 2023 3:30am Jul 6, 2023 3:30am
Quoting TheWraith
{quote} ~1.273 has the most potential for reversal. If price goes above 1.275 then Selling isn't wise. However, we are still far away from.knowing anything, we have 4 High-Impact news for USD today and NFP tommorow. It's hard to really pinpoint the price, because price has already been everywhere and went through every last Sell and Buy there is. I simply don't know. Daily and Weekly are both in uptrend too. According to Dave, we should wait for a break above 1.275 and start adding Longs.
Exactly. You are right. 1.2720 - 1.2740 and 1.2710 - 1.2680. This 60 pips range giving lot of manipulation. It'll on sideways for today. But there's some unfinished business for bulls around 1.2665 - 1.2645. And all the SL to catch.I'm leaning on with bears.
  • #756,290
  • Jul 6, 2023 3:30am Jul 6, 2023 3:30am
Quoting pipfarm
GU H1 correction Break of 2735 sends it into a trend However H4 is showing as a minor wave so it may not get far past 2759
Every TF except H4 is in uptrend. Just waiting for this anomaly of H4 TF to confirm Long.
  • #756,291
  • Jul 6, 2023 3:30am Jul 6, 2023 3:30am
Quoting Robinhood1
Eurchf may be long between 9725/9740 For a 3 digit profit as usual
This is a good long for a swing trade. I am already covered with 2 other pairs, not entering this one.
POSTMASTER
  • #756,292
  • Jul 6, 2023 3:31am Jul 6, 2023 3:31am
Tf, a yellow news is triggering movements?
GBP Construction PMI.
Exhausted
  • #756,293
  • Jul 6, 2023 3:34am Jul 6, 2023 3:34am
Quoting Elysion
Tf, a yellow news is triggering movements? GBP Construction PMI.
Turned red, below 50.
  • #756,294
  • Edited 4:34am Jul 6, 2023 3:36am | Edited 4:34am
still in the game
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  • #756,295
  • Jul 6, 2023 3:36am Jul 6, 2023 3:36am
Quoting Elysion
Tf, a yellow news is triggering movements? GBP Construction PMI.
...it printed below the 50 level where it is considered 'recessionary' on those PMI indices.
Trader with an Edge.
  • #756,296
  • Jul 6, 2023 3:36am Jul 6, 2023 3:36am
Quoting TheWraith
{quote} Turned red, below 50.
Yeah I saw the figures, but heck it's been a while since a low impact news is making a 20 pips moves.
Exhausted
  • #756,297
  • Jul 6, 2023 3:39am Jul 6, 2023 3:39am
We have a problem with gold

Current H1 swing up is corrective if it starts to trend down then Gu is not going up yet

GU H1 must break 2735 the way it is positioned now to send it into an up trend
Follow The Markets Structure - Patience and Discipline
  • #756,298
  • Jul 6, 2023 3:42am Jul 6, 2023 3:42am
...so, 2nd Asian hi b/o was false too...but Dly R1 reached (re NavK's hypothesis.) 1hr/4hr ranginess persists. Gotta luuuuuuuuuuuuuuuuuuve the cable!

1hr below
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Click to Enlarge Name: screenshot.png Size: 18 KB
Trader with an Edge.
  • #756,299
  • Jul 6, 2023 3:43am Jul 6, 2023 3:43am
Quoting pipfarm
We have a problem with gold Current H1 swing up is corrective if it starts to trend down then Gu is not going up yet GU H1 must break 2735 the way it is positioned now to send it into an up trend
Patience. It's going to be a choppy session until the JOLTS. I would'nt hold any trades for longer. Just get in and get out.
  • #756,300
  • Jul 6, 2023 3:50am Jul 6, 2023 3:50am
damn GU turn my heart beat fast
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