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Cable Update (GBPUSD)

  • #808,501
  • Feb 9, 2024 12:28am Feb 9, 2024 12:28am
Quoting sakimer
After rising, the dollar yen and H1 are deflating like a balloon deflating. However, D1 is making a big UPGap and rising. There is also a gap below, and the strong upward trend continues. Even in H1, if you look closely, H4High is pointing upwards. There is a high possibility that it will rise again as soon as the adjustment is completed. Therefore, I think it is efficient to go long against the dollar straight currencies such as the pound and the euro by going against the drop. {image} {image}
yes indeed Usdjpy had strong continuation up.
i missed the move, i planned long in UJ then missed the 147.80 like a noob. Really bad miss out.

anyway, I have important resistance near 150. Guess price is pointing there and hopefully, will come back to refresh demand before going even higher to meet with 151 area
90% of traders use TA, indicators and prediction
  • #808,502
  • Feb 9, 2024 12:53am Feb 9, 2024 12:53am
yesterday low must be test to show clear direction next week...
dont teach me how to buy. im sellers!!
  • #808,503
  • Feb 9, 2024 1:00am Feb 9, 2024 1:00am
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yes yes yes
  • #808,504
  • Feb 9, 2024 1:07am Feb 9, 2024 1:07am
in trading range PA, nothing better than Wyckoff analysis. There are enough candles to attempt a good anticipation of the next big move. Applied on TF H1, distribution schematic start lookin clear.
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chaos is just unknown order
  • #808,505
  • Feb 9, 2024 1:11am Feb 9, 2024 1:11am
G/M, < 30day adr doji dly candle y/day after the recovery off it's 2571 lo...Today so far - Asian session rangy and narrow, with an early London forex session break above Asian hi into the prev 1hr/minor 4hr sw hi zone = prev res = pot res that extends to y/day's 2729 p/back hi.

1hr below
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Trader with an Edge.
  • #808,506
  • Feb 9, 2024 1:18am Feb 9, 2024 1:18am
[quote=_BBKing_;14749481]{quote} I don t get the point sorry. is this about zerohedge? is this about you? is this about bond yields?

According to lefties anyone who doesn't abide by what they think and believe is a Nazi....... lol
The left of your parents and grandparents generation is not the Left of today, as far as I can tell it's now full of bat shit crazy loonies and has nothing to do with being concerned with the lot of the working man.....
So you have all these Bat Shit Crazies telling me what to think and believe.......ahhhhhhh no thanks
Don't Leave Money on the Table
  • #808,507
  • Feb 9, 2024 1:21am Feb 9, 2024 1:21am
Quoting _BBKing_
Today is German CPi readings in 40minutes probably most important release in calendar. well, later CAD employment reports also

Came in as expected so no movement really
Don't Leave Money on the Table
  • #808,508
  • Feb 9, 2024 1:28am Feb 9, 2024 1:28am
Quoting HaLBot
{quote} Came in as expected so no movement really
Maybe during the London Open, but hey I'm no analysis.
  • #808,509
  • Edited 1:46am Feb 9, 2024 1:29am | Edited 1:46am
... re 4hr - could see supply emerge anywhere from current dly hi to the current wkly hi @ 2642,? and even up as high as the top of that prev 4hr sw lo zone = prev supp = pot sbr, (circa 2655,) that the said current wkly hi is coexistent with. 67% of 13wk awr traveled so far this week, on this last trading day of week.

4hr below (with 10/20/40 ema crosses graphic)
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Trader with an Edge.
  • #808,510
  • Feb 9, 2024 1:32am Feb 9, 2024 1:32am
Quoting woody70
{quote} Maybe during the London Open, but hey I'm no analysis.

Yes no bad news is good news
Don't Leave Money on the Table
  • #808,511
  • Feb 9, 2024 1:37am Feb 9, 2024 1:37am
Quoting Moty
{image}
with you on this one
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #808,512
  • Feb 9, 2024 1:37am Feb 9, 2024 1:37am
Break up
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yes yes yes
  • #808,513
  • Feb 9, 2024 1:38am Feb 9, 2024 1:38am
...not much sign of the' terminal $ strength' some talk about in here since Tuesday this week,? (although to be fair I think they are talking longer-term and there will almost certainly be' fluctuations' in that journey if it does play out.) 2nd dly downside b/o of the 2828-2610 range to 2519 proved false as price returned to the 'mothership range,' and again now off y/day's 2572 lo, price is back in that range, off what might turn out to be a dly HL depending on today's dly candle.

dly below
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Trader with an Edge.
  • #808,514
  • Feb 9, 2024 1:41am Feb 9, 2024 1:41am
Quoting HaLBot
{quote} Yes no bad news is good news
  • #808,515
  • Feb 9, 2024 1:42am Feb 9, 2024 1:42am
Quoting smtchris71
scalping a long at 1.2615 tp 1.2650.Green pips to you all

1.2700 looks enticing today.
  • #808,516
  • Feb 9, 2024 1:46am Feb 9, 2024 1:46am
While waiting on GBP this does look tempting to short.
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  • #808,517
  • Feb 9, 2024 1:50am Feb 9, 2024 1:50am
Quoting fex.
{quote} partials shorts, high activity at lows, consumed FVG, maybe pause... but ready for longs if PA... {image}
It seems just up to month open target for longs...
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newbie
  • #808,518
  • Edited 2:08am Feb 9, 2024 1:52am | Edited 2:08am
...a reminder; 50% of the last wk's 2772 hi -to- 2559 current wkly lo move is @ 2645, 61.8% @ 2675, 76.4% @ 2712 ,(shown on 4hr chart in my post above,) and the midpoint of the multi week 4hr/dly 2828-2610 range is @ 2719.

...depending on today's dly candle, perhaps we need to start thinking that 2500-2828 is the new dly/wkly range ?
Trader with an Edge.
  • #808,519
  • Feb 9, 2024 2:09am Feb 9, 2024 2:09am
Sold 1.2633
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #808,520
  • Feb 9, 2024 2:20am Feb 9, 2024 2:20am
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yes yes yes
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