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Cable Update (GBPUSD)

  • #822,521
  • Apr 22, 2024 2:20am Apr 22, 2024 2:20am
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yes yes yes
  • #822,522
  • Apr 22, 2024 2:20am Apr 22, 2024 2:20am
Quoting Moty
Took short for 90-100 pips {image}
good luck
Moty
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #822,523
  • Apr 22, 2024 2:26am Apr 22, 2024 2:26am
from the daily chart the first buying zone starts below 1.2340
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trading is like dancing, don't think and just listen to the music!
  • #822,524
  • Apr 22, 2024 2:32am Apr 22, 2024 2:32am
Quoting birdland
from the daily chart the first buying zone starts below 1.2340 {image}
  • #822,525
  • Apr 22, 2024 2:35am Apr 22, 2024 2:35am
#GBPUSD / H4
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  • #822,526
  • Apr 22, 2024 2:38am Apr 22, 2024 2:38am
GBP/USD

Support On The Weekly TF Is At 1.23200
Support On The Monthly TF Is At 1.22300 & At 1.21000

If The Price Drops Below 1.21000 On GBP/USD, Then The Price Is Highly Likely Going To Crash.

M15 Sell
M30 Sell
H1 Sell
H4 Sell
D1 Sell
W1 (One Last Support)
MN (Last Two Supports)
  • #822,527
  • Apr 22, 2024 2:43am Apr 22, 2024 2:43am
Gu is too weak that it can't even get to the pivot line
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yes yes yes
  • #822,528
  • Apr 22, 2024 2:48am Apr 22, 2024 2:48am
GU D1
no demand untill 1.2250

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  • #822,529
  • Apr 22, 2024 3:02am Apr 22, 2024 3:02am
Was that the day’s low? The last 2 weeks we’ve seen a drop from 127 to the 12350 areas in fact without too much of a retrace or even correction. I have change my long target to Fridays high for time being 12470 and then see where the demand and data is driving the moves
Insane in the Brain..
  • #822,530
  • Apr 22, 2024 3:22am Apr 22, 2024 3:22am
GBP/JPY Support @ 185.500.
  • #822,531
  • Apr 22, 2024 4:03am Apr 22, 2024 4:03am
Come on you crooky squeeze mf
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yes yes yes
  • #822,532
  • Edited 4:24am Apr 22, 2024 4:11am | Edited 4:24am
Quoting Moty
{image}
Agree.. I have buy limit @ 190 TP - 193
I'm not always right.. I'm not always wrong neither
  • #822,533
  • Apr 22, 2024 4:13am Apr 22, 2024 4:13am
CADCHF LONG
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My telegram: https://t.me/avidforex
  • #822,534
  • Apr 22, 2024 4:47am Apr 22, 2024 4:47am
Very quiet today.. is it a holiday ?
Insane in the Brain..
  • #822,535
  • Apr 22, 2024 4:54am Apr 22, 2024 4:54am
bought GU at 1.2344... target 1.2400... stop 1.2310
Data + Stat + Risk/Emotions Management
  • #822,536
  • Apr 22, 2024 4:54am Apr 22, 2024 4:54am
Fairly clean range, short looking for TP at 1.2314. SL Locked in 1.2358
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  • #822,537
  • Apr 22, 2024 4:54am Apr 22, 2024 4:54am
Quoting BeeTogether
Very quiet today.. is it a holiday ?
They are busy trying to catch the bottom i guess
More time in the market, does not mean you trade better!
  • #822,538
  • Apr 22, 2024 4:55am Apr 22, 2024 4:55am
It does look like everything is about to get smacked by USD strength DXY, wicks below on the daily chart (meaning north traffic coming). Monthly chart, may be headed to 108.70. Earnings season ramping up into overdrive this week, market is going to need USD to send the stock market into reverse gear and keep the bull party going (hypothesis).
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  • #822,539
  • Apr 22, 2024 4:58am Apr 22, 2024 4:58am
Quoting BeeTogether
Very quiet today.. is it a holiday ?
Yeah...in earlier times it was holiday but unfortunately it is not. The reason for the slow market is to finally leave the range of 1.25-1.28 - apparently to the downside. So they push it furhter before retrace to avoid any conflicts with 1.25 again. It cost a lot of money for them to push it down. Thanks god they go for it now. - Don't get me wrong: I'm long already lol but I hope to leave the range finally for more volatility again.

Cheers
  • #822,540
  • Apr 22, 2024 5:00am Apr 22, 2024 5:00am
Quoting Georginson
bought GU at 1.2344... target 1.2400... stop 1.2410
124 could be a top end for a while I think. Looks like USD strength is picking up. I’m actually thinking 124-12430 take a hit and go short all the way to 122

we are not correcting at all. Last week stuck in the 124 area without even crossing 125.

with the LO not pushing above 124 have to revise the the thought process
Insane in the Brain..
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