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Cable Update (GBPUSD)

  • #756,301
  • Jul 6, 2023 3:50am Jul 6, 2023 3:50am
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
Gold still has to close that gap down ~1875. If inflation comes out shockingly above forecasts for US next week, Gold should fly and finally break that 3 tops up. This now is Monthly correction only before another leg up which will break 2100$ and after that God knows where Gold will stop at.
  • #756,302
  • Jul 6, 2023 3:54am Jul 6, 2023 3:54am
As a bear all through this week, I salute the gatekeepers stationed at 2700.
Wish I could meet them, so we may discuss rather trivial matters like umm murder, and the afterlife, to get their perspective
  • #756,303
  • Jul 6, 2023 3:55am Jul 6, 2023 3:55am
If majority of people had Long orders at 1.273, where are their SL's? Below 1.27? I think so! Meaning, SL's are taken out right? Haha, we'll see..
  • #756,304
  • Edited 4:06am Jul 6, 2023 3:56am | Edited 4:06am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM15.png Size: 35 KB

As cable is acting topsy-turvy, i switch swiss franc
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM15.png Size: 35 KB

The breakout is coming
  • #756,305
  • Jul 6, 2023 4:00am Jul 6, 2023 4:00am
Quoting dele5000
{image} As cable is acting topsy-turvy, i switch swiss franc
naked chart..
Okechukwu Jacob.C.
  • #756,306
  • Jul 6, 2023 4:04am Jul 6, 2023 4:04am
...4hr on the gmt+3 price feed closed a few mins ago, as under:

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
Trader with an Edge.
  • #756,307
  • Jul 6, 2023 4:06am Jul 6, 2023 4:06am
Quoting BrainBucks
As a bear all through this week, I salute the gatekeepers stationed at 2700. Wish I could meet them, so we may discuss rather trivial matters like umm murder, and the afterlife, to get their perspective
I don't even know why am I trading GU anymore.
Hahaha,
Exhausted
  • #756,308
  • Edited 4:25am Jul 6, 2023 4:09am | Edited 4:25am
Back to check pa, same as before, 2685 support so far hold for 2735 but may retest 2685 or even correct further towards 2659 before 2739 and 59 test/break. Take care
Better go below 2682 before try burst up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sketch-1688634065035.png Size: 74 KB
Click to Enlarge Name: sketch-1688635337606.png Size: 80 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #756,309
  • Jul 6, 2023 4:09am Jul 6, 2023 4:09am
People shouldn't even trade until NY session. The only case when EU and GB session provides play is if there are some very important High-Impact news around that time. Otherwise, price is never active until US session. Waste of time.

So basically they bore you out with this slow price action and by the time price actually starts being active (US session), you are already tired and confused.
  • #756,310
  • Jul 6, 2023 4:14am Jul 6, 2023 4:14am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 11 KB

H4 is more clearer
  • #756,311
  • Jul 6, 2023 4:20am Jul 6, 2023 4:20am
Quoting Headland
{quote} ...it printed below the 50 level where it is considered 'recessionary' on those PMI indices.
although the government and BoE will scream from the top saying no recession and the pound shoots higher
Insane in the Brain..
  • #756,312
  • Jul 6, 2023 4:24am Jul 6, 2023 4:24am
M5 has a diamond shape range again...
Gotta wait for a break of the shape...
Exhausted
  • #756,313
  • Jul 6, 2023 4:31am Jul 6, 2023 4:31am
If 2735 breaks im taking a long

There is also confluence with the top of the H4 swing high
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 45 KB
Follow The Markets Structure - Patience and Discipline
  • #756,314
  • Jul 6, 2023 4:32am Jul 6, 2023 4:32am
Market waiting 4 upcoming USD high impact news later
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #756,315
  • Jul 6, 2023 4:33am Jul 6, 2023 4:33am
i believe i can fly pleaseeeeeee..
i wanna touch the sky..
  • #756,316
  • Jul 6, 2023 4:34am Jul 6, 2023 4:34am
Take a look at the AUSSIE pairs , some good opps for longs

Setting up for some nice impulsive moves up
Follow The Markets Structure - Patience and Discipline
  • #756,317
  • Jul 6, 2023 4:36am Jul 6, 2023 4:36am
If GU breaks 1.273 and reach 1.276 ~ 1.278 then I'll be done for the day.
I don't like to trade when there are too many news clumping together.
Might end up getting whipsaw here and there if data comes out to be sideways.
Exhausted
  • #756,318
  • Edited 4:47am Jul 6, 2023 4:36am | Edited 4:47am
CABLE shitters chew on it bond shell company many spell binders GAS NAM soviet style bureaucracy ru less on lernen focus referee...hone in
  • #756,319
  • Jul 6, 2023 4:39am Jul 6, 2023 4:39am
...3rd upside b/o of Asian hi now but can price b/o of the 1hr/4hr range? It's either a classic 'W' on 4hr (4th stroke now,) -or- 3rd stroke of an 'M' lol.

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
Trader with an Edge.
  • #756,320
  • Jul 6, 2023 4:43am Jul 6, 2023 4:43am
1.275 coming it seems. Let's see the reaction.
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lafemo