Posting Daily Chart ( No Commentary )
Goddess of Thunder..
- #22
- May 5, 2024 4:39pm May 5, 2024 4:39pm
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Cable Update :1.25490
Technical Report : 06.05.2024
To-recap,
The GBP/USD pair rebounded from 1.22989 on April 23, 2024, by closing above a minor resistance level 1.24343. This indicates that the fall from 1.27087 (April 09') High is over. As such, the initial bias is now on the upside for this week. If the pair breaks through the 61.8% projection level between 1.25690 from 1.24657, it will likely target a 100% projection at 1.27394. It's expected that the pair will continue to rally as long as it stays above the minor support level 1.24484.
GBP/USD
Technical Report : 06.05.2024
To-recap,
The GBP/USD pair rebounded from 1.22989 on April 23, 2024, by closing above a minor resistance level 1.24343. This indicates that the fall from 1.27087 (April 09') High is over. As such, the initial bias is now on the upside for this week. If the pair breaks through the 61.8% projection level between 1.25690 from 1.24657, it will likely target a 100% projection at 1.27394. It's expected that the pair will continue to rally as long as it stays above the minor support level 1.24484.
GBP/USD
Goddess of Thunder..
- #23
- May 5, 2024 5:27pm May 5, 2024 5:27pm
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
GBPUSD/Daily Outlook
Current Rate :1.25479
Cable opened at 1.25350 below the point of control – ( 1.25770/1.25567 ).
Initially i am looking for some retracement down to some support level. Daily Bar calculation shows no Trading Signal and there is a good chance there will be one tomorrow.
Pivot Points
Current Rate :1.25479
Cable opened at 1.25350 below the point of control – ( 1.25770/1.25567 ).
Initially i am looking for some retracement down to some support level. Daily Bar calculation shows no Trading Signal and there is a good chance there will be one tomorrow.
Pivot Points
Goddess of Thunder..
- #24
- May 5, 2024 9:58pm May 5, 2024 9:58pm
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Update on Previous Pivot Points Chart.
I have developed this utility that should aid in analysis.
Today, 06.05.2024
On the 4 Hrs Chart i posted the trend is Up clearly using the support figure . However, i developed what i call an "ARTIFICIAL CANDLE" that tries to mimic market activity the information provided is as follows
1. High : 1.27533
2. Low : 1.25253
3. Pivot: 1.26393
Candle Quality : < 50%
Quality is under 50% this is not tradable candle . However, if you look at the position of the pivot it is above Friday's High in an Uptrend so the correction is definitely due for today.
Pivot Points
I have developed this utility that should aid in analysis.
Today, 06.05.2024
On the 4 Hrs Chart i posted the trend is Up clearly using the support figure . However, i developed what i call an "ARTIFICIAL CANDLE" that tries to mimic market activity the information provided is as follows
1. High : 1.27533
2. Low : 1.25253
3. Pivot: 1.26393
Candle Quality : < 50%
Quality is under 50% this is not tradable candle . However, if you look at the position of the pivot it is above Friday's High in an Uptrend so the correction is definitely due for today.
Pivot Points
Goddess of Thunder..
- #25
- May 6, 2024 6:43am May 6, 2024 6:43am
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Goddess of Thunder..
- #26
- May 6, 2024 4:08pm May 6, 2024 4:08pm
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Goddess of Thunder..
- #27
- May 6, 2024 4:44pm May 6, 2024 4:44pm
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Using the previous 4 Hours Chart i posted ..
Strategy / Entry Level
Long GBPUSD : 1.25626
S/L : 1.25326
T/P: ++++++++++
4 Hrs Charts (Updated)
Strategy / Entry Level
Long GBPUSD : 1.25626
S/L : 1.25326
T/P: ++++++++++
4 Hrs Charts (Updated)
Goddess of Thunder..
- #28
- May 6, 2024 7:46pm May 6, 2024 7:46pm
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Current Rate : 1.25649
I have with me M15 Template with Pivot Points. Text Book states that "inside value" means breakout is possible with CPR relationships. I did my own research and created Bella's Pivot which is similar to Pivot Point Pivot but different calculations. When i do the subtraction between the two pivots i am getting < 10 pips difference. This shows a breakout is due to the upside since Bella's Pivot is above the normal Pivot.
Daily close is expected to be above Bella's Pivot Today : 1.25690 .. ( conditions are met , two are aligned together with < 10 pips difference )
Pivot Points
I have with me M15 Template with Pivot Points. Text Book states that "inside value" means breakout is possible with CPR relationships. I did my own research and created Bella's Pivot which is similar to Pivot Point Pivot but different calculations. When i do the subtraction between the two pivots i am getting < 10 pips difference. This shows a breakout is due to the upside since Bella's Pivot is above the normal Pivot.
Daily close is expected to be above Bella's Pivot Today : 1.25690 .. ( conditions are met , two are aligned together with < 10 pips difference )
Pivot Points
Goddess of Thunder..
- #29
- May 6, 2024 10:30pm May 6, 2024 10:30pm
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Current Rate : 1.25547
I have updated the chart and it shows Daily R1 : 1.25920 and is the one of the major hurdle today. A Daily Close above is required to change Pivot Trend Direction.. Bulls needs to Join forces together with me to Take out that Resistance for today ... lets see if i get any help .
Dedicating the theme to the situation from Avengers.
https://www.youtube.com/watch?v=h74mX72Bhj0
GBP/USD
I have updated the chart and it shows Daily R1 : 1.25920 and is the one of the major hurdle today. A Daily Close above is required to change Pivot Trend Direction.. Bulls needs to Join forces together with me to Take out that Resistance for today ... lets see if i get any help .
Dedicating the theme to the situation from Avengers.
https://www.youtube.com/watch?v=h74mX72Bhj0
GBP/USD
Goddess of Thunder..
- #31
- May 7, 2024 1:50am May 7, 2024 1:50am
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Using the previous 4 Hours Chart i posted .. Strategy / Entry Level Long GBPUSD : 1.25626 S/L : 1.25326 T/P: ++++++++++ 4 Hrs Charts (Updated) {image}
OK BEARS, you had your chance! MY TURN! ....( no one can stop me drinking milkshake back with one )
Goddess of Thunder..
- #32
- May 7, 2024 2:22am May 7, 2024 2:22am
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Back with my Milkshake ..... Update on Position,
SL Is still holding and waiting for an update,
SL Is still holding and waiting for an update,
Goddess of Thunder..
- #33
- May 7, 2024 3:07am May 7, 2024 3:07am
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Goddess of Thunder..
- #34
- May 7, 2024 3:35am May 7, 2024 3:35am
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Goddess of Thunder..
- #35
- May 7, 2024 4:35am May 7, 2024 4:35am
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
{quote} Trying one more time to Long ( last one on the range ) Long GBPUSD: 1.25378 S/L: 1.25266 T/P:++++++ risk is 11 Pips
Goddess of Thunder..
- #36
- May 7, 2024 7:39am May 7, 2024 7:39am
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Goddess of Thunder..
- #37
- May 7, 2024 8:35am May 7, 2024 8:35am
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Bella is about to Score the Goal with Thunder ( lightning strikes quietly in Istanbul )
Goddess of Thunder..
- #38
- May 7, 2024 3:59pm May 7, 2024 3:59pm
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Goddess of Thunder..
- #39
- May 7, 2024 5:55pm May 7, 2024 5:55pm
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Goddess of Thunder..
- #40
- May 7, 2024 9:23pm May 7, 2024 9:23pm
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Goddess of Thunder..