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Cable Update (GBPUSD)

  • #817,021
  • Mar 18, 2024 5:30am Mar 18, 2024 5:30am
Although GBP/JPY is bullish in trend
I'm short on GBP/JPY
Rejection from resistance and also below 1H and 4H OB zone
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!! Radha Radha !!
  • #817,022
  • Mar 18, 2024 5:37am Mar 18, 2024 5:37am
Quoting DrDave
{quote} Of course it's going down if your look at M15/M30! No need to have a Fibonacci level--simply look at the price heading downward. How do you think that a PULLBACK of H1 can be built??
I was asked to include a visual aid. Maybe this will help?
As can be seen, the pullback has progressed through H1 thus far.
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To free Gazans of Hamas, use whatever it takes.
  • #817,023
  • Mar 18, 2024 5:38am Mar 18, 2024 5:38am
Quoting suhas316
Although GBP/JPY is bullish in trend I'm short on GBP/JPY Rejection from resistance and also below 1H and 4H OB zone {image}
Tomorrow's move will erase all of the gains one has. If BoJ doesn't hike all of the shorts gains will disappear quickly and vice versa.

The decision should be made 2 and half to 6 hours after Asia Open.
It sucks Japan doesn't have the exact time when interest rate decision will be made which makes it harder to plan out anything.

BoJ officials like to come out before the decision is made with their opinion, so we might see some H-IN today.
  • #817,024
  • Mar 18, 2024 5:40am Mar 18, 2024 5:40am
GU: H4
0% DD Entry
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Intraday Trading is an Art _ hoda
  • #817,025
  • Mar 18, 2024 5:48am Mar 18, 2024 5:48am
I'll start stacking Sell Stop orders on JPY pairs soon. Not too close to not get wiped out, of course.
  • #817,026
  • Mar 18, 2024 5:48am Mar 18, 2024 5:48am
Quoting hoda
GU: H4 0% DD Entry {image} {image}
Cool, are they buys or sells, or will you decide later on?
Congratulations ScalaFX for coming out of the closet!
  • #817,027
  • Mar 18, 2024 5:51am Mar 18, 2024 5:51am
Quoting nubcake
{quote} Cool, are they buys or sells, or will you decide later on?
Funny guy
  • #817,028
  • Mar 18, 2024 5:53am Mar 18, 2024 5:53am
Quoting hoda
GU: H4 0% DD Entry {image} {image}
This is where that 3rd MA would give you a better picture of where the price is actually likely to go.
  • #817,029
  • Mar 18, 2024 5:56am Mar 18, 2024 5:56am
Quoting nubcake
{quote} Cool, are they buys or sells, or will you decide later on?
As long as the high of this Sell Zone isn't broken it is considered that one should only look to Sell. However, paying attention to higher TF's and lower TF's is crucial to get a fuller picture.
  • #817,030
  • Mar 18, 2024 5:56am Mar 18, 2024 5:56am
Quoting fontu
{quote} 2708 limit still intact, so looking for signal bounce 2736 for 2750/60 to 93 play. Take care {image}
Ok, 2750 tested, and still with bounce for next target 2750 /60 /93!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #817,031
  • Mar 18, 2024 5:57am Mar 18, 2024 5:57am
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Intraday Trading is an Art _ hoda
  • #817,032
  • Mar 18, 2024 5:57am Mar 18, 2024 5:57am
Quoting HaLBot
{quote} Tipping we'll see Euro at 1.09 before LO Of course as soon as I say that it heads lower
1.09, there ya got it. 5 mins before fixings tho and 7am NY time US traders hit the floor.
  • #817,033
  • Mar 18, 2024 5:58am Mar 18, 2024 5:58am
some levels by DeMark's:
1.2740th is DR1
and it's lower than
1.2764 /WPP, DeMark's
so, let's see if it breaks and become support (?)
1.2660 & 1.2803 are as WR1 & WS1.., let's take it as a possible range
dolce vita
  • #817,034
  • Mar 18, 2024 5:59am Mar 18, 2024 5:59am
Quoting fontu
{quote} Ok, 2750 tested, and still with bounce for next target 2760 /93! {image}
Yes looks so...
MQA Approved FX Trainer -
  • #817,035
  • Mar 18, 2024 6:04am Mar 18, 2024 6:04am
Quoting FXWish
{quote} Yes looks so...
Cool username! FX Wish
  • #817,036
  • Mar 18, 2024 6:05am Mar 18, 2024 6:05am
Quoting hoda
{image}
What is this?
  • #817,037
  • Mar 18, 2024 6:06am Mar 18, 2024 6:06am
Quoting Whatevs
{quote} Cool username! FX Wish
Thanx
MQA Approved FX Trainer -
  • #817,038
  • Mar 18, 2024 6:07am Mar 18, 2024 6:07am
Quoting hoda
{image}
perfect statement
best wishes for you
I will succeed Not immediately... but definitely
  • #817,039
  • Mar 18, 2024 6:08am Mar 18, 2024 6:08am
Quoting fontu
{quote} Ok, 2750 tested, and still with bounce for next target 2750 /60 /93! {image}
Still need to wait for M15/M30/H1 to continue developing or collapsing.
To free Gazans of Hamas, use whatever it takes.
  • #817,040
  • Mar 18, 2024 6:13am Mar 18, 2024 6:13am
Quoting DrDave
{quote} Still need to wait for M15/M30/H1 to continue developing or collapsing.
8h chart is the key for me

2 hours to close
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