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Cable Update (GBPUSD)

  • #826,501
  • May 21, 2024 5:27am May 21, 2024 5:27am
...bulls are trying. That 1st 1hr b/o of the Asian range was false...dropped back inside the range and found support for a 2nd b/o. Good BOS play here again dropping down to 15min this time. The 2nd 1hr upside break achieved a higher point in the prev 1hr/minor 4hr sw hi zone to 2525 before more supply came in. That remains the 1st real upside obstacle for the bulls.

It's all Supp/Res, PA, and probabilities really!

1hr below
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Trader with an Edge.
  • #826,502
  • May 21, 2024 5:32am May 21, 2024 5:32am
Quoting Headland
...bulls are trying. That 1st 1hr b/o of the Asian range was false...dropped back inside the range and found support for a 2nd b/o. Good BOS play here again dropping down to 15min this time. The 2nd 1hr upside break achieved a higher point in the prev 1hr/minor 4hr sw hi zone to 2525 before more supply came in. That remains the 1st real upside obstacle for the bulls. It's all Supp/Res, PA, and probabilities really! 1hr below {image}
A biggest Res today maybe 726.
Can break this, we may see 745 very soon, mate.
  • #826,503
  • May 21, 2024 5:33am May 21, 2024 5:33am
Quoting Jackoboms
Seems a good number of people are in drawdown, hence the silence here. Market shall SELL soon
no slap gang no drama, only trading im still building sell net and adding every bounce
People don't plan to lose. They lose because they don't plan.
  • #826,504
  • May 21, 2024 5:38am May 21, 2024 5:38am
Quoting ScalaFX
{quote} no slap gang no drama, only trading....
Hasn't it been nice,! (despite the lo market volatility in this instrument at least.) Probably won't last though, - shame! Some just like conflict, - probably bored by their own longer-term trading, -and/or- have such fragile ego's, and clearly have no respect for the silent majority who just want to get on with trading and a discussion related to that, not reading (for the umpteenth time) about their petty vendettas and who said what etc, (Yawn!)... Personally, I have no time to be bored, operating on the sub 1hr t/f's for trade entry triggers - always something happening and potentially setting up, and I don't bring my ego to work!
Trader with an Edge.
  • #826,505
  • May 21, 2024 6:01am May 21, 2024 6:01am
Quoting ScalaFX
{quote} no slap gang no drama, only trading im still building sell net and adding every bounce

Waiting to sell also
Swing Trading // 1 SETUP # UNLIMITED PATIENCE
  • #826,506
  • May 21, 2024 6:02am May 21, 2024 6:02am
... End of London morning now. That prev 1hr/minor 4hr sw hi zone = prev res = pot res up to y/day's 2725 hi obviously had some pending orders in it on the occasions it has been tested so far today, (visible on the sub 1hr t/f's in particular,) judging by speed of the drops - so proving quite an obstacle for the bulls looking for an upside break towards say that 2804 prev dly sw hi.

1hr below
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Trader with an Edge.
  • #826,507
  • May 21, 2024 6:13am May 21, 2024 6:13am
Sold from 1.2700 to 1.2725 yesterday. Still waiting for the drop. May be NY will bring the bears in action. Planing to close some partials during NY. We have CPI release tomorrow
Attached Image (click to enlarge)
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Read the chart... Fundies are catalyst...
  • #826,508
  • May 21, 2024 6:17am May 21, 2024 6:17am
Quoting Jackoboms
Seems a good number of people are in drawdown, hence the silence here. Market shall SELL soon
Don't think so. Uptrend still going. But the silence is great. Douch Bags come and go. They blow up not cutting their losses quickly. Enjoy the quiet while it lasts
Emotional Control. Process, not outcome.
  • #826,509
  • May 21, 2024 6:41am May 21, 2024 6:41am
GU D1 1.2747 Resistance
Attached Image (click to enlarge)
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  • #826,510
  • May 21, 2024 6:46am May 21, 2024 6:46am
Quoting Jackoboms
{quote} With this bullish momentum, can it really pull back that much?
i dont see any momentum bullish or bearish
  • #826,511
  • May 21, 2024 6:46am May 21, 2024 6:46am

southern scenario, broken TL is the most important thing to verify a bullish correction

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https://breakpullback.com
  • #826,512
  • May 21, 2024 6:51am May 21, 2024 6:51am
GJ Long BE protected.
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  • #826,513
  • May 21, 2024 7:02am May 21, 2024 7:02am
Quoting Whale
{quote} i dont see any momentum bullish or bearish
Yep, no volatility at all. No point in trading rn. Second half of the week will be fun though. With UK CPI, PMIs and FOMC Minutes.

It's been a relaxing holiday so far
You have to have an IQ higher than 90 to interact with this user.
  • #826,514
  • May 21, 2024 7:16am May 21, 2024 7:16am
Quoting Whale
{quote} i dont see any momentum bullish or bearish
quarterly candle shows bulls taken full control atm. it s just calm as a bomb with the fuse lit
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chaos is just unknown order
  • #826,515
  • May 21, 2024 7:44am May 21, 2024 7:44am
How can 1.2725 ? What about 1.27333 is it that bull can't extend the lead. Twice bitten twice shy!!!
Keep the Lights on then you can catch the rise from the dark.
  • #826,516
  • May 21, 2024 7:56am May 21, 2024 7:56am
My view on gold
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Read the chart... Fundies are catalyst...
  • #826,517
  • May 21, 2024 8:16am May 21, 2024 8:16am
Quoting Yngwie
sold 1.2717
closed 30p. crazy bull
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #826,518
  • May 21, 2024 8:19am May 21, 2024 8:19am
Quoting satheesh
Sold from 1.2700 to 1.2725 yesterday. Still waiting for the drop. May be NY will bring the bears in action. Planing to close some partials during NY. We have CPI release tomorrow {image}
All lower level entries are closed @687
Holding the higher level entries only with BE for CPI
Read the chart... Fundies are catalyst...
  • #826,519
  • May 21, 2024 8:26am May 21, 2024 8:26am
Quoting sparkyyy
{quote} Entered short. {image}
Still holding shorts?

The bulls aren't acting like they are over yet
  • #826,520
  • Edited 8:54am May 21, 2024 8:28am | Edited 8:54am
some news effects . otherwise bull intact for a good spike up . lets see

usdx tried hard breaks up but not don with news , still trying best .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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