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Cable Update (GBPUSD)

  • #807,341
  • Feb 5, 2024 2:19am Feb 5, 2024 2:19am
Quoting montygoldy
{quote} streak continues.. positive stops in place
closed 12 pips
Extreme gut feeling trader
  • #807,342
  • Feb 5, 2024 2:21am Feb 5, 2024 2:21am
...bulls ran into supply @ bopttom of the prev 1hr minor sw hi zone = prev res= pot res that extends up to Asian hi/current dly hi. price remains in the Asian pip range so far this Ldn session.

1hr below
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Trader with an Edge.
  • #807,343
  • Feb 5, 2024 2:21am Feb 5, 2024 2:21am
DXY appears to have come very close to closing the 'overnight gap' and reversed.
  • #807,344
  • Feb 5, 2024 2:24am Feb 5, 2024 2:24am
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yes yes yes
  • #807,345
  • Feb 5, 2024 2:24am Feb 5, 2024 2:24am
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yes yes yes
  • #807,346
  • Feb 5, 2024 2:36am Feb 5, 2024 2:36am
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #807,347
  • Feb 5, 2024 2:44am Feb 5, 2024 2:44am
Quoting Yngwie
{image}
Hi. I guess it won't bother you (from what I've observed from your trading,) re targets etc but longer-term bulls who bought @ that prev 1hr/4hr/dly sw lo zone that extends down to 2596 will have the shadow of Friday's bearish thrust dly candle @ every uptick. They probably need to get above the 50% of fri hi - current dly lo move (which is @ 2685) to get a more bullish feel within this multi-week 2828-2610 4hr/dly range, and make the drop to current dly lo a 'real' 2nd false downside b/o. This said the midpoint of that range is higher than that. Good luck with your trade.
Trader with an Edge.
  • #807,348
  • Feb 5, 2024 2:54am Feb 5, 2024 2:54am
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yes yes yes
  • #807,349
  • Feb 5, 2024 3:00am Feb 5, 2024 3:00am
Quoting Headland
{quote} Hi. I guess it won't bother you (from what I've observed from your trading,) re targets etc but longer-term bulls who bought @ that prev 1hr/4hr/dly sw lo zone that extends down to 2596 will have the shadow of Friday's bearish thrust dly candle @ every uptick. They probably need to get above the 50% of fri hi - current dly lo move (which is @ 2685) to get a more bullish feel within this multi-week 2828-2610 4hr/dly range, and make the drop to current dly lo a 'real' 2nd false downside b/o. This said the midpoint of that range is higher than...
Yeah. hopefully bull will rise today before NY since 1hr oversold since last friday and i know market can drop to 1.2550 today since pressure from 1.2665.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #807,350
  • Feb 5, 2024 3:01am Feb 5, 2024 3:01am
1h after LO, LoNg
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  • #807,351
  • Feb 5, 2024 3:04am Feb 5, 2024 3:04am
EU dropped, GU stall and push up.
Interestingday.
Exhausted
  • #807,352
  • Feb 5, 2024 3:06am Feb 5, 2024 3:06am
Quoting Whale
1h after LO, LoNg {image}
are you targetting 2670?
dont teach me how to buy. im sellers!!
  • #807,353
  • Feb 5, 2024 3:07am Feb 5, 2024 3:07am
Morning all, a no data day! Yoga time ! Not expecting big moves. Range between 126 +- 50
Insane in the Brain..
  • #807,354
  • Feb 5, 2024 3:08am Feb 5, 2024 3:08am
Quoting TraderFX.Id
{quote} are you targetting 2670?
exactly
  • #807,355
  • Feb 5, 2024 3:09am Feb 5, 2024 3:09am
..potential bearish exp tri on 5min and 15min, pt 5 could come @ a fib retrace or ext of move 3-4. Big wide pot sbr zone on 4hr. 23.6% of Fri hi - current dly lo move is @ 2639. Dly pivots are the same as the Wkly pivots today as fri's Hi and lo were the wkly hi and lo. So the dly/Wkly pivot is @/around 2673.

5min then 4hr below
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Trader with an Edge.
  • #807,356
  • Feb 5, 2024 3:22am Feb 5, 2024 3:22am
Some uk data out in 10 min hopefully strong to push guru back up to my BE 2660
average dude treading water
  • #807,357
  • Feb 5, 2024 3:25am Feb 5, 2024 3:25am
Quoting MIKKI
Some uk data out in 10 min hopefully strong to push guru back up to my BE 2660
dxy way too strong about to create highs … longs seems pretty dangerous
i feel usd news going to be really good and cable gonna make a huge red daily candle just a feeling
Extreme gut feeling trader
  • #807,358
  • Feb 5, 2024 3:27am Feb 5, 2024 3:27am
shorting to daily 200MA to ~1.2560 seems a good idea..
chaos is just unknown order
  • #807,359
  • Feb 5, 2024 3:32am Feb 5, 2024 3:32am
GU what a troll, thankfully I'm not trading it as I'm not looking at M1 scalping today.

If not I'll get whipsawed so badly.
Exhausted
  • #807,360
  • Feb 5, 2024 3:37am Feb 5, 2024 3:37am
Quoting montygoldy
{quote} dxy way too strong about to create highs … longs seems pretty dangerous i feel usd news going to be really good and cable gonna make a huge red daily candle just a feeling
Correct NY session will be strong but looking at a small bounce back up before shorting again....Gold euro dragging pound down.
average dude treading water
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