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Cable Update (GBPUSD)

  • #822,541
  • Apr 22, 2024 5:02am Apr 22, 2024 5:02am
Join the bears for 1.22894/ 225ish and drink beer. Bulls showing no interesting
Keep the Lights on then you can catch the rise from the dark.
  • #822,542
  • Apr 22, 2024 5:04am Apr 22, 2024 5:04am
Quoting JackintheBox
{quote} 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
125 looks very distant now. To be honest so does 124 lol. However if we see the high 123s-1241x areas and it hold then we could see a move above. That said although I’m long im looking for an area to short from as this seems to be near the bottom
Insane in the Brain..
  • #822,543
  • Apr 22, 2024 5:10am Apr 22, 2024 5:10am
Quoting eyefeelsix
{quote} clearly to see, fiv5 Elliott Wave movement pump and dumb {image}

and yes 70% south taken place, even though the maximum pullback is not reached

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https://breakpullback.com
  • #822,544
  • Apr 22, 2024 5:11am Apr 22, 2024 5:11am
The Asians did their job but the Europeans came back for dollars again.
  • #822,545
  • Apr 22, 2024 5:18am Apr 22, 2024 5:18am
Quoting Moty
Come on you crooky squeeze mf {image}
Yes yes yes
more !!!
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yes yes yes
  • #822,546
  • Apr 22, 2024 5:20am Apr 22, 2024 5:20am
Quoting Fardeen1209
{quote} They are busy trying to catch the bottom i guess
problem is once the bottom has been reached the rocket upwards takes no prisoners especially in the last year or so.
Insane in the Brain..
  • #822,547
  • Apr 22, 2024 5:27am Apr 22, 2024 5:27am
Quoting BeeTogether
{quote} problem is once the bottom has been reached the rocket upwards takes no prisoners especially in the last year or so.
A Moty Rocket that takes no prisoners, like to see that


Euro being bought of 1.0647, will it last

Check hourly chart for reference....
Don't Leave Money on the Table
  • #822,548
  • Apr 22, 2024 5:28am Apr 22, 2024 5:28am
Quoting Luxyus
{quote} the strenght of move has penetrated sub 1.24 veery easly and there s a lot of space for digging more deeply. still holding almost 1500 pips on my shorts with alert set on 1.2352 and 1.2180. it would be nice to add some on figure 1.25 or 1.26. {image}
with alert reached @1.2352 TP1 reached and checking charts, i m extending target TP2 @1.2180 and TP3 @1.1950 according to Monthly TF. left just 2 of five shorts.
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chaos is just unknown order
  • #822,549
  • Apr 22, 2024 5:29am Apr 22, 2024 5:29am
I'm really surprised (in a positive way) about the Price Action on a monday morning. I like that. Someone is dumping the GBP massively since friday. on GBP/AUD they almost got me in a long position.

GBP/USD tries to avoid to big steps down, which worked quite well (my analyze shows they missed only few levels now, so some open sells are left to pick up higher).

One more big long at 1.2337 now for me, only scalp. cheers
  • #822,550
  • Apr 22, 2024 5:38am Apr 22, 2024 5:38am
Quoting HaLBot
{quote} A Moty Rocket that takes no prisoners, like to see that Euro being bought of 1.0647, will it last Check hourly chart for reference....
it's gonna fall 50 pips to 4 hr zone to converge with gbpusd to push to highs
  • #822,551
  • Apr 22, 2024 5:39am Apr 22, 2024 5:39am
Expecting to see cable looking for support on the 50.0 fib at 1.2280 or so. Previous support around that level too, not just the fib. BUT if it doesn't hold then next train stop is 1.18180 at 38.2 fib. And yup, time to move my TP stops down to cover rear end. Worse case scenario, make some money. Best case scenario, make a shitload of money. The stoch on each chart is interesting, keeping in mind that higher time frames rule the day

Daily
Weekly
Monthly
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  • #822,552
  • Apr 22, 2024 5:54am Apr 22, 2024 5:54am
looking at the pound pairs whatever that numpty said on Friday has taken the pound down. Looking at the USD it’s still trailing around 106 which was similar when GU was around 126!
Insane in the Brain..
  • #822,553
  • Apr 22, 2024 5:55am Apr 22, 2024 5:55am
Why are they selling GBPUSD since friday, what happened ?
  • #822,554
  • Apr 22, 2024 5:56am Apr 22, 2024 5:56am
Quoting suhas316
{quote} for me GBP/USD is bearish on weekly chart my 1st target is 1.22230 {image}

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!! Radha Radha !!
  • #822,555
  • Apr 22, 2024 5:58am Apr 22, 2024 5:58am
Quoting BeeTogether
looking at the pound pairs whatever that numpty said on Friday has taken the pound down. Looking at the USD it’s still trailing around 106 which was similar when GU was around 126!

Money flows into Euro....
Don't Leave Money on the Table
  • #822,556
  • Apr 22, 2024 5:58am Apr 22, 2024 5:58am
Quoting Pat Chiko
{quote} GU One for the road.{image}
[quote=BeeTogether;14839347]Very quiet today.. is it a holiday ?[/quote]

GU

Bro, .... reason form me was stopped out.
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Now I'm poor
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #822,557
  • Apr 22, 2024 5:59am Apr 22, 2024 5:59am
Quoting Eren10
Why are they selling GBPUSD since friday, what happened ?
some douche spoke about rate cuts. Pound dropped 100 pips in the late afternoon
Insane in the Brain..
  • #822,558
  • Apr 22, 2024 5:59am Apr 22, 2024 5:59am
Buy limit @1.2321
sl 30 pips

Tp 1.24
  • #822,559
  • Apr 22, 2024 6:00am Apr 22, 2024 6:00am
Cable's frenemy, the cross, cleared the 200 sma (purple) but expecting it to run into some opposition at the 200 ema (red)
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  • #822,560
  • Apr 22, 2024 6:02am Apr 22, 2024 6:02am
Quoting Pat Chiko
{quote} Very quiet today.. is it a holiday ? GU Bro, .... reason form me was stopped out.{image} Now I'm poor
Hey man look at D1 please.
Man I don't recognize you reset your brain please. you are a teacher to me
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