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Cable Update (GBPUSD)

  • #822,361
  • Apr 19, 2024 12:01pm Apr 19, 2024 12:01pm
Quoting jmss59
Aunque la estructura del mercado no indica una dirección clara del precio (en D1 ha roto 1 CHoCH bajista pero no ha roto un BOS bajista signo de continuidad de tendencia y en 4H ha roto 1 CHoCH alcista pero (no es un BOS alcista signo de continuidad de tendencia) se ha producido un movimiento (Strong Imbalance Labeling) en el que los bajistas han tomado el control del precio, lo que podría llevarlo en el medio plazo a la zona 1. 23731 - 1.22531 principios del último Oscilación alcista donde se formó FVG pendiente de cerrar. {image}
The bearish are still in control of the market, a sign of this is the new Strong Imbalance Labeling that was formed on the 12th and the BOS created in the 1D structure. The price has reached the 1st profit target in the 1.23718 zone, now it should continue to reach the 1.23000 - 1.22414 zone in the medium term.
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  • #822,362
  • Apr 19, 2024 12:11pm Apr 19, 2024 12:11pm
Today lows are not lows to me.

Monday ( for me sunday night ) asia forms a new low as long as today close is bearish close.

I am seeing that 4 hr support did not form in 1 am candle.

May be when NY closes at 5 pm est, it may form..
Intraday only.
  • #822,363
  • Apr 19, 2024 12:13pm Apr 19, 2024 12:13pm
Quoting Pat Chiko
{quote} GJ I have no idea Bro. What do you think after seeing this chart ?.{image}
that resistance point is a heavy sell off area it hit it and did not break above of close above so based on history sell off
  • #822,364
  • Apr 19, 2024 12:15pm Apr 19, 2024 12:15pm
Quoting navk
Today lows are not lows to me. Monday ( for me sunday night ) asia forms a new low as long as today close is bearish close. I am seeing that 4 hr support did not form in 1 am candle. May be when NY closes at 5 pm est, it may form..
I have alot more room on my gbpnzd trade for downside to 4 hrs zone I think gbp is losing alot of strength
  • #822,365
  • Apr 19, 2024 12:21pm Apr 19, 2024 12:21pm
Quoting Pat Chiko
{quote} GU Trade about to stop or bounce.{image}
Typical wave 3 characteristics.
OB not mitigated, fvg left unfilled. Price just keep
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More time in the market, does not mean you trade better!
  • #822,366
  • Apr 19, 2024 12:46pm Apr 19, 2024 12:46pm
Quoting bigiivan
{quote} A big upmove is comming. I don't know if it will be today, because it is Friday, but I like your target. Even 1,25300-1,25400. But definetelly above 1,25000.
I still support my assumption. This down trend is exhausted. These are just better levels to catch the move. Up ttend will takes place next days.
  • #822,367
  • Apr 19, 2024 1:04pm Apr 19, 2024 1:04pm
Quoting Pat Chiko
{quote} LOL. Don't copy my trade, as I'm newbie with 99.9% records getting stopped out. It is better for you to copy other professional in this thread. ( There are many here) Good luck
Pat, i don't copy you or other traders here...i'm doing fine here in my little sweet Office
  • #822,368
  • Apr 19, 2024 1:13pm Apr 19, 2024 1:13pm
Quoting bigiivan
{quote} I still support my assumption. This down trend is exhausted. These are just better levels to catch the move. Up ttend will takes place next days.
although with the current PA it does look as if 12460-80 will be the top end of any move up. Unless data next week adds pressure

red data days next week
Tues
Thurs
Fri
Insane in the Brain..
  • #822,369
  • Apr 19, 2024 1:19pm Apr 19, 2024 1:19pm
Quoting bigiivan
{quote} I still support my assumption. This down trend is exhausted. These are just better levels to catch the move. Up ttend will takes place next days.
Hi Bigive,
Yes, we could see a decent corrective move from the 20th going into month end.
Cheers.
Trade to trade another day
  • #822,370
  • Apr 19, 2024 1:45pm Apr 19, 2024 1:45pm
Attached Image (click to enlarge)
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came around to post this.
I don’t remember when, but I’ve already seen a similar setup and price kept falling.
Before end of the day, price tanked 150pips straight.

Maybe not today same scenario. But be careful.
market does not like the actual tensions. It’s clearly on charts.
90% of traders use TA, indicators and prediction
  • #822,371
  • Edited Apr 20, 2024 3:03am Apr 19, 2024 2:04pm | Edited Apr 20, 2024 3:03am
So 2400 handle fall, bear breakOut 2nd h4 caNdle running, 3 rd may range before decision. Price playing around old sr 2373 ., better continue down 2365 as h4 close have enough time, so next sr may 2336. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #822,372
  • Apr 19, 2024 2:10pm Apr 19, 2024 2:10pm
Good evening ladies and gentlemen. Today was christmas on EURGBP. I hope you know EURUSD AND GBPUSD usually go the same direction together but over the past few days, that has not been the case. They wanted to rise EUGBP and to achieve that, there has to be fractional disparity. That is they have to either hold EUR and drop the Pound or hold the Pound and Rise the EUR. In this case, they held EUR at the top and massively dropped the Pound. Go and observe the EURGBP chart. Goodnight ladies and Gentlemen. I missed today's trading day, I will be back next week.
Executing trades with precision!!
  • #822,373
  • Apr 19, 2024 2:24pm Apr 19, 2024 2:24pm
M15 Short
M30 Short
H1 Short
H4 Short
D1 Short
W1 Short
MN Short
  • #822,374
  • Apr 19, 2024 2:26pm Apr 19, 2024 2:26pm
Quoting BeeTogether
{quote} although with the current PA it does look as if 12460-80 will be the top end of any move up. Unless data next week adds pressure red data days next week Tues Thurs Fri
It is always good when there are more than one opinion.
I don't know what is current PA, but I will keep buying. The lower- the better.
Good luck to you!
  • #822,375
  • Apr 19, 2024 2:30pm Apr 19, 2024 2:30pm
Quoting Wavegarrick
{quote} Hi Bigive, Yes, we could see a decent corrective move from the 20th going into month end. Cheers.
Sounds good! I can't wait.
Have a great weekend, Leon!
  • #822,376
  • Apr 19, 2024 2:31pm Apr 19, 2024 2:31pm
Intervention by Japan is out of the question it seems before 155 is broken and it's doubtful it'll occur right after 155 or if Japan will let this go even further. Charts suggest USD will the strongest currency in the following weeks.
  • #822,377
  • Apr 19, 2024 2:32pm Apr 19, 2024 2:32pm
Anyone buying indexes for corrective wave B.
Amid the risk off, and Iran has no plan to response to morning attack yet, less rate cut.
The only 2 thing left to support equities are upcoming earnings and
Is QT slowdown still a thing?

Bear have no sign of stopping.
More time in the market, does not mean you trade better!
  • #822,378
  • Edited 4:08pm Apr 19, 2024 3:45pm | Edited 4:08pm
Eu and Gu touched channels daily, 1.23700. Up from here 1.28600 daily. But it cann more up. Gu never touched it before this drop. EU reversed 18 apr, its up. This reverse was very y slowly.This is first serious reverse of eur. Gu did bottom,eur double bottom. I dont know maybe eur reverse again down on monday. I dont think so. If look eur Gu should recover fast.
daily of eur 1.06
reverse of eur this is like trend H4.Before it Eu turned down 8 apr,now first time it turned up after it. Gu didnt turn yet,but line of trend flat,not down.
I look again on monday.I hope trend up and it remains.
eur turned down trend from 1.086,trend changed,after made top 1.088,but trend was down,and drop like a stone.
eur potentially can go 1.0590,but it goes up,and it will go or not to this level. it depends.
  • #822,379
  • Apr 19, 2024 4:23pm Apr 19, 2024 4:23pm
Big trend H4-like daily-down EUr and Gu,this is real daily,it turned down 12 march, yes still down.
  • #822,380
  • Apr 19, 2024 4:25pm Apr 19, 2024 4:25pm
I don't like when EU and GU diverge. They are playing games and I don't know what the outcome will be.
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