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Cable Update (GBPUSD)

  • #826,841
  • May 24, 2024 2:19am May 24, 2024 2:19am
good shortlevels i think
trading is like dancing, don't think and just listen to the music!
  • #826,842
  • May 24, 2024 2:28am May 24, 2024 2:28am
Quoting birdland
good shortlevels i think
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trading is like dancing, don't think and just listen to the music!
  • #826,843
  • May 24, 2024 2:45am May 24, 2024 2:45am
127 magnet however it’s Friday we could so easily see a bullish morning and a sell off afternoon
Insane in the Brain..
  • #826,844
  • Edited 3:05am May 24, 2024 2:49am | Edited 3:05am
Usdx
https://www.forexfactory.com/thread/...0#post14878210
Gu same as usdx top ranging !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #826,845
  • May 24, 2024 2:51am May 24, 2024 2:51am
Quoting BeeTogether
127 magnet however it’s Friday we could so easily see a bullish morning and a sell off afternoon
yes. 2725/2740 could attract sellers
Intraday only.
  • #826,846
  • May 24, 2024 3:09am May 24, 2024 3:09am
G/M, another inverted hammer on dly close y/day. So far today a 1st false downside, then 1st upside b/o of asian lo then hi respectively. Uk data. Uk data caused an initial; knee-jerk downside reaction which was immediately bought. Price now challenging 3 x pot sbr zones re 1hr and one coexisting on 4hr.

1hr below
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Trader with an Edge.
  • #826,847
  • May 24, 2024 3:12am May 24, 2024 3:12am
Finally I can determine my bias.

My bias now is Bearish until 1.27500 zone is broken successfully. So I'm looking for only short opportunities until this zone is broken.
With courage, patience, and discipline, success is a matter of time.
  • #826,848
  • May 24, 2024 3:14am May 24, 2024 3:14am
...you can see on 4hr where support was found @ current dly lo, the immediate post Uk data lo - ie in the 4hr part of a prev 1hr/4hr sw hi zone = prev res = pot rbs

4hr below
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Trader with an Edge.
  • #826,849
  • May 24, 2024 3:17am May 24, 2024 3:17am
Quoting Zebi2
{quote} gaps dont mean didly squat anymore since the advent of 24 hour forex and 23 hour globex trading the only gaps worth watching is the futures gap since they close for one hour every day here's two charts ...NVDA which has a gap every day since there's pre and after hour trading so the "gap" doesn't reflect any new information since the stock gets traded very early in the morning and after the close but since the daily chart doesn't reflect that trading there's always a gap and GU doesn't have any gaps since its 24 hours straight a pissant...

You are right , since Forex market is decentralized, every brokers using different Liquidity Providers. This is why some brokers have gap while some don't.
With courage, patience, and discipline, success is a matter of time.
  • #826,850
  • May 24, 2024 3:43am May 24, 2024 3:43am
GU LONG
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My telegram: https://t.me/avidforex
  • #826,851
  • May 24, 2024 3:44am May 24, 2024 3:44am
Short term target:
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  • #826,852
  • May 24, 2024 3:46am May 24, 2024 3:46am
EURUSD LONG
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My telegram: https://t.me/avidforex
  • #826,853
  • May 24, 2024 3:48am May 24, 2024 3:48am
The SMC currently says long only in GU above 2685.

But it is slow.

So, I am done on LO.

Will see NYO.
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Intraday only.
  • #826,854
  • May 24, 2024 3:52am May 24, 2024 3:52am
The weekly open is 2670.
Above this bullish.
Price bounced at 2674
Intraday only.
  • #826,855
  • May 24, 2024 3:56am May 24, 2024 3:56am
Quoting navk
The weekly open is 2670. Above this bullish. Price bounced at 2674
Hi, yeh and only 50% of 13wk (1/4 yr) awr traveled so far this week.
Regards.
-----------------------------------------------------------------------------------
...took a bounce @ the pot rbs on the p/back after 1st Asian hi upside b/o, - now attempting a 2nd upside b/o, but the pot sbr still causing an obstacle for the bulls

1hr below
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Trader with an Edge.
  • #826,856
  • May 24, 2024 4:05am May 24, 2024 4:05am
...gmt+3 4hr candle just closed as below.

4hr below
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Trader with an Edge.
  • #826,857
  • May 24, 2024 4:10am May 24, 2024 4:10am
Quoting Headland
{quote} Hi, yeh and only 50% of 13wk (1/4 yr) awr traveled so far this week. Regards. ----------------------------------------------------------------------------------- ...took a bounce @ the pot rbs on the p/back after 1st Asian hi upside b/o, - now attempting a 2nd upside b/o, but the pot sbr still causing an obstacle for the bulls 1hr below {image}
weekly open 2670.
High until now 2770.
Let us see what NY does.
Either way 50 to 75 pips on break
Intraday only.
  • #826,858
  • May 24, 2024 4:28am May 24, 2024 4:28am
...wkly could go/close either way right now. Price challenging 3rd pot sbr zone / 50% fib / Daily Pivot @ current dly hi - on 1hr right now

1hr below
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Trader with an Edge.
  • #826,859
  • May 24, 2024 4:32am May 24, 2024 4:32am
short 1st 2710, pendings 2715,20,25,30 target 2650
People don't plan to lose. They lose because they don't plan.
  • #826,860
  • Edited 5:13am May 24, 2024 4:42am | Edited 5:13am
...that was a big drop re Uk retail sales earlier, -2.3% m/m is historically a big number. (No wonder Sunak announced the election earlier in week re headline cpi, lol!) That aside, the initial drop was immediately bought. Now, there is 30min bearish hidden div present which may stay good so long as below 2722, but there isn't really a next higher t/f (+) downtrend, in this case 2hr, to enter after a p/back.

EDIT ...finally an upside break of the pot sbr on 1hr/4hr and now challenging bottom of a prev 1hr sw hi zone = prev res = pot res. 3 x fibs in that zone.

1hr below
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Trader with an Edge.
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