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Cable Update (GBPUSD)

  • #805,041
  • Jan 25, 2024 3:13am Jan 25, 2024 3:13am
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yes yes yes
  • #805,042
  • Jan 25, 2024 3:13am Jan 25, 2024 3:13am
I see blue to the upside

___
#bebold
  • #805,043
  • Jan 25, 2024 3:13am Jan 25, 2024 3:13am
Quoting BeeTogether
Quite messy so far this morning, spikes both up and down quite limited. I’m holding shorts from 12710 will look for a drop to 12670-80 and switch to long.
Hi. Yeh 1 x 1st false break of the Asian hi to 30min (so far,) and bulls struggling with this prev 1hr sw lo zone = prev supp = pot sbr, now a prev 30min sw hi zone there too, = prev res = pot res. Asian lo is presently the current dly lo. Intraday is up so far (mildly.)

G/L with those trades/plans.

1hr below
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Trader with an Edge.
  • #805,044
  • Jan 25, 2024 3:16am Jan 25, 2024 3:16am
2730 short will add later if bounce
People don't plan to lose. They lose because they don't plan.
  • #805,045
  • Jan 25, 2024 3:19am Jan 25, 2024 3:19am
Quoting Headland
{quote} Hi. Yeh 1 x 1st false break of the Asian hi to 30min (so far,) and bulls struggling with this prev 1hr sw lo zone = prev supp = pot sbr, now a prev 30min sw hi zone there too, = prev res = pot res. Asian lo is presently the current dly lo. Intraday is up so far (mildly.) G/L with those trades/plans. 1hr below {image}
we seem to be hovering over the daily pivot line with any overshoots really limited.

I think intraday will be bullish but I think we may need a liquidity area for a move up. Thursday is usually a day of going against the PA form what I have seen especially the last few weeks.
Insane in the Brain..
  • #805,046
  • Jan 25, 2024 3:25am Jan 25, 2024 3:25am
Quoting BeeTogether
{quote} we seem to be hovering over the daily pivot line with any overshoots really limited. I think intraday will be bullish but I think we may need a liquidity area for a move up. Thursday is usually a day of going against the PA form what I have seen especially the last few weeks.
I think the 'key' candle recently was on 4hr (arrowed) - the bullish thrust and interestingly like the one @ bottom of the screenshot below (the bullish thrust multi engulfing,) the pullback stayed within the body of the candle (so far on this present one anyways.) There is a > 50% chance of a follow-thru in the same direction (even after a p/back within it's body,) on this t/f and pairing, based on a large multi-year historical sample.
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Trader with an Edge.
  • #805,047
  • Jan 25, 2024 3:49am Jan 25, 2024 3:49am
Please who know how this kind of pattern is called?
Have been unintentionally watching this pattern plays out on my screen every time for over 6 months while watching something else
and i don't trade but am thinking of starting but i want add to my arsenal.
but want to do more research on it before i do.

PLEASE AM REFERING TO THE UPPER ANGLE PATTERN (were i point the arrow)
Thanks you in advance.

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THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #805,048
  • Jan 25, 2024 3:54am Jan 25, 2024 3:54am
Quoting dantpm
To illustrate, lines moving in 'opposite' directions, DXY and GU. Lines moving in roughly the same direction EU and GU. GU is blue. {image} {image}
Add the EG line to the GU-EU plot and then you can see which pair from that triad is the best to trade at any given moment on that TF.
To free Gazans of Hamas, use whatever it takes.
  • #805,049
  • Jan 25, 2024 4:08am Jan 25, 2024 4:08am
1.2680-1.2700s is a decisive support zone for bulls to keep hope on weekly and try taking it toward 1.28 first, 1.2840s and 1.2910 later.
Bears have to base price below said support to target 1.2650 then toward 1.2560s
Bulls clearly trying to form a bullish trend on daily and weekly but monthly still bearish waiting for a base below 1.2560s to confirm.
Either way, a boost movement at the seen.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #805,050
  • Jan 25, 2024 4:12am Jan 25, 2024 4:12am
...needed a dip down to the 30min liquidity for the rise up...now challenging a prev 30min minor sw lo zone = prev supp = pot sbr / 50% of the fall.

1hr below
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Trader with an Edge.
  • #805,051
  • Jan 25, 2024 4:13am Jan 25, 2024 4:13am
GU long.
There wasn't enough way to fill in the gap, so it didn't reach PP and was reversed.
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  • #805,052
  • Jan 25, 2024 4:18am Jan 25, 2024 4:18am
Good resistance hit, preparing for short scalping as start to see. Take care
Signal 2732, 2725/20.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #805,053
  • Jan 25, 2024 4:20am Jan 25, 2024 4:20am
Had bit of spare time
drawn some levels I will be watching later today/tomorrow
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90% of traders use TA, indicators and prediction
  • #805,054
  • Jan 25, 2024 4:23am Jan 25, 2024 4:23am
Quoting ChiForex
1.2680-1.2700s is a decisive support zone for bulls to keep hope on weekly and try taking it toward 1.28 first, 1.2840s and 1.2910 later. Bears have to base price below said support to target 1.2650 then toward 1.2560s Bulls clearly trying to form a bullish trend on daily and weekly but monthly still bearish waiting for a base below 1.2560s to confirm. Either way, a boost movement at the seen.
An insight on how to clearly trade this, and a better understanding of what I mean from my comments, once and for all.
For daily/weekly, 1.2680-1.2700s is the positioning entries/a base below is SL for GU Bulls
For bears obviously anything above is good entry with SL at a base above the said higher levels and TP starts at said support/below
On monthly, bears are already positioned short from 1.28+ while bulls positioned from 1.26, so Trailing stop for bulls and bears according to this month close or in advance thinking based on weekly movement.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #805,055
  • Jan 25, 2024 4:32am Jan 25, 2024 4:32am
Sold 1.2737 SL 1.2757
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #805,056
  • Jan 25, 2024 4:33am Jan 25, 2024 4:33am
Long, lets hunt the buyside first..
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My telegram: https://t.me/avidforex
  • #805,057
  • Jan 25, 2024 4:34am Jan 25, 2024 4:34am
...slow London session so far that's for sure (22/23pip range.) maybe U.s Gdp data later will shake it up a bit? 2nd break of Asian hi though to current dly hi - after 1st false break to 1hr.

1hr below
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Trader with an Edge.
  • #805,058
  • Jan 25, 2024 4:39am Jan 25, 2024 4:39am
Quoting dantpm
I have noticed recently that GU appears to have less volatility than many other pairs, appears to trade more in the opposite direction or inside of EU. It occasionally has less volatility than DXY. Not sure why. My suspicion is that the market is reacting to either more traders or at least traders trading in the same direction in GU.
Based on my observations over the years, I've noticed that all pairs, including GU, may undergo temporary periods of low volatility or sideways movement at some point!
  • #805,059
  • Jan 25, 2024 5:02am Jan 25, 2024 5:02am
Quoting Headland
...slow London session so far that's for sure (22/23pip range.) maybe U.s Gdp data later will shake it up a bit? 2nd break of Asian hi though to current dly hi - after 1st false break to 1hr. 1hr below {image}

Yes GU didn't move much over Euro and London, Euro strength dented any prospect of GU flying...
Don't Leave Money on the Table
  • #805,060
  • Jan 25, 2024 5:17am Jan 25, 2024 5:17am
...2nd failed upside break of Asian hi to 15min as of now....bulls met supply @ a prev 30min minor sw lo zone

1hr below
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Trader with an Edge.
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