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Cable Update (GBPUSD)

  • #812,621
  • Feb 29, 2024 2:28am Feb 29, 2024 2:28am
As long as the price has not closed above the ma21, target is the red line.
sell with sl close 4h above ma21
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  • #812,622
  • Feb 29, 2024 2:28am Feb 29, 2024 2:28am
add short 2668 waiting 2675 sl all to 2690
dont teach me how to buy. im sellers!!
  • #812,623
  • Feb 29, 2024 2:30am Feb 29, 2024 2:30am
yes
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yes yes yes
  • #812,624
  • Feb 29, 2024 2:30am Feb 29, 2024 2:30am
...you can see on 4hr how price encountered supply @ the prev sw lo zone = prev supp = pot sbr, @ y/day's U.s/dly hi, and price is again challenging it. Look too below that @ the dark blue zones, each one a prev sw lo zone = prev supp = pot supp, and coexistent with each other as each was challenged and held as support.


4hr below (with 10/20/40 ema crosses graphic.)
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Trader with an Edge.
  • #812,625
  • Feb 29, 2024 2:38am Feb 29, 2024 2:38am
took long eu
broke up y's high
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yes yes yes
  • #812,626
  • Feb 29, 2024 2:41am Feb 29, 2024 2:41am
Quoting Whatevs
{quote} Daily support few pips under 190. 190.4 H4 support. It would great if H4 closed below 190.4 and H1 below or around 190.5.
And here we have it

  • #812,627
  • Feb 29, 2024 2:48am Feb 29, 2024 2:48am
EU H1
My view
trendlines

after closing H1, I open the selling position
if we overcome the upper red line, then I'll see what's next
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Trendlines H1,H4, SMC
  • #812,628
  • Feb 29, 2024 2:50am Feb 29, 2024 2:50am
...Question is - was that downside break of the 4hr rising channel structure false y/day, -or- was y/day's hi (thereabouts) a 1st test of it before a further move south?

Chiforex popped up y/day with a 'free money' suggestion to sell circa 2648 for 200pips, and we know Zebi is an uber $ bull too, with sell limits to be placed if moves higher.

U.s data later may shake it up a bit?

1hr below
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Trader with an Edge.
  • #812,629
  • Feb 29, 2024 2:59am Feb 29, 2024 2:59am
Quoting Moty
yes {image}
Have you been looking at my TP on IG?? it’s set at 12757 but that’s a tough call to get to
Insane in the Brain..
  • #812,630
  • Feb 29, 2024 3:14am Feb 29, 2024 3:14am
Very tiny range.

I do not know when the volatility is going to improve.

Just 3 % done.

Let us see how NY is going to be.

Bias seems to be bullish above 1.2650
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Intraday only.
  • #812,631
  • Feb 29, 2024 3:21am Feb 29, 2024 3:21am
...sellers and likely v.tight stops just above y/day's U.s/dly hi makes for a downside move and therefore a false 1st upside b/o of today's Asian hi to so far 5min. Of course @ new current dly hi price is still in that wide prev 4hr sw lo zone = prev supp = pot sbr, this extends up to circa 2681.

1hr below
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Trader with an Edge.
  • #812,632
  • Feb 29, 2024 3:23am Feb 29, 2024 3:23am
Quoting TraderFX.Id
add short 2668 waiting 2675 sl all to 2690
lets have some fun
im ready to loss..still have much profit from yesterday..
will always sell today
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dont teach me how to buy. im sellers!!
  • #812,633
  • Feb 29, 2024 3:30am Feb 29, 2024 3:30am
Quoting Ferna
{quote} Do investors/state care about keeping equities market up? is the stock market holy in america?
Hi. It seems that there is certainly a more pronounced political feel-good/national pride link in the U.s with rising stock markets than say in the U.k. Of course we all know that stock markets can rise and the real economy/people not feel the benefits. The 'euphoria' or as the 'legendary' long-serving ex-Fed Chair Greenspan once described as 'irrational exuberance' of a rising market can be a 'bubble,' and quickly burst. How many times have we seen this?
Trader with an Edge.
  • #812,634
  • Feb 29, 2024 3:33am Feb 29, 2024 3:33am
Quoting TraderFX.Id
{quote} lets have some fun im ready to loss..still have much profit from yesterday.. will always sell today {image}
each position SL at BE,,now wait and see
dont teach me how to buy. im sellers!!
  • #812,635
  • Feb 29, 2024 3:44am Feb 29, 2024 3:44am
Quoting hamedsna
As long as the price has not closed above the ma21, target is the red line. sell with sl close 4h above ma21 {image}
The MA21 is acting as a strong resistance.
If this 4-hour candle closes below the MA200, we're going for the target.at least 26150 and 259xx
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  • #812,636
  • Feb 29, 2024 3:49am Feb 29, 2024 3:49am
Quoting ScalaFX
sold GU 2662 will add till 2690 every 5 pip, Gold sold 2036.60 also will add if grow, targete ls GU2630 Gold2030
Protected best from Gold, GU 2662, 2667, 2672 in play
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People don't plan to lose. They lose because they don't plan.
  • #812,637
  • Feb 29, 2024 3:51am Feb 29, 2024 3:51am
hey mister nzdjpy
there are 200 pips that are calling for you to grab
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yes yes yes
  • #812,638
  • Feb 29, 2024 3:52am Feb 29, 2024 3:52am
Quoting Ferna
{quote} There is very often something that drives the market, today it could be equities, yesterday it was crypto. From the chart perspective and fundamentals GU should go down in my opinion. But an equity rally could change that, is it likely though?
Your guess is as good as mine on that one, as a smaller t/f intraday trader I almost exclusively only look @ the instrument I am trading, but with a cursory eye on the rest of markets. Yeh it is very often 'something' that is driving the market one way or the other, whether that may be a reaction to an event risk (scheduled or unscheduled,) data or the Fed or something, or just the more general fundie themes at play. Of course the cross-flow of monies between asset-classes/instruments can also drive it, although this is largely a 'hidden driver' at our retail end of the food-chain.
Trader with an Edge.
  • #812,639
  • Feb 29, 2024 3:53am Feb 29, 2024 3:53am
Everything above 50ies is long. adding buys
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chaos is just unknown order
  • #812,640
  • Feb 29, 2024 4:04am Feb 29, 2024 4:04am
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yes yes yes
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