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Cable Update (GBPUSD)

  • #828,281
  • Jun 4, 2024 11:34pm Jun 4, 2024 11:34pm
Quoting Moty
ty mister goldi {image} {image}
ty once again mister goldi
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yes yes yes
  • #828,282
  • Jun 5, 2024 12:02am Jun 5, 2024 12:02am
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yes yes yes
  • #828,283
  • Jun 5, 2024 12:08am Jun 5, 2024 12:08am
G/M, Bearish day y/day. Ranginess (Pennant pattern,?) on 1hr right now, price still also in the Asian session range the extremes of which are the current dly lo and hi right now, and within y/day's Hi (current wkly hi) and lo.

1hr below
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Trader with an Edge.
  • #828,284
  • Jun 5, 2024 12:10am Jun 5, 2024 12:10am
Quoting fontu
{quote} possible , at least now having a double bottom if hold for 104.50 to over 105 . daily tf having a doji!lets see {image} {image}
Higher base weekly.

my chart numbers are different, i see 107 min
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  • #828,285
  • Jun 5, 2024 12:14am Jun 5, 2024 12:14am
Cable support at 1.27600
  • #828,286
  • Jun 5, 2024 12:23am Jun 5, 2024 12:23am
Quoting Whale
{quote} Higher base weekly. my chart numbers are different, i see 107 min {image}
lets start from below to have more and better failure to up again . extreme unlikely over 106 , already breakout weekly . , so a little bounce to back failure further possible . anyway weekly not promising for bull action usdx ! 104.70 should be heavy task for usdx !lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #828,287
  • Jun 5, 2024 12:33am Jun 5, 2024 12:33am
Quoting fontu
{quote} lets start from below to have more and better failure to up again . extreme unlikely over 106 , already breakout weekly . , so a little bounce to back failure further possible . anyway weekly not promising for bull action usdx ! 104.70 should be heavy task for usdx !lets see {image}
right now gu is a waste of time and energy imo.
i will wait for 2600-2650 before im getting in again.
  • #828,288
  • Jun 5, 2024 12:37am Jun 5, 2024 12:37am
...1st upside break of Asian hi

1hr below
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Trader with an Edge.
  • #828,289
  • Jun 5, 2024 12:41am Jun 5, 2024 12:41am
Respected Seniors... why GU is moving up? can anyone explain in simple words.. i want to know any pattern, any data driven movement? it meant to go down
  • #828,290
  • Jun 5, 2024 12:44am Jun 5, 2024 12:44am
Quoting mturabkhan
Respected Seniors... why GU is moving up? can anyone explain in simple words.. i want to know any pattern, any data driven movement? it meant to go down

I would say DXY of it's highs giving Euro and Cable a boost plus Cable stronger than Euro atm also London and Euro stocks are up after US stocks had a late rally the day before
Don't Leave Money on the Table
  • #828,291
  • Jun 5, 2024 12:49am Jun 5, 2024 12:49am
Quoting mturabkhan
Respected Seniors... why GU is moving up? can anyone explain in simple words.. i want to know any pattern, any data driven movement? it meant to go down
Hi. Re your comment '...why is it moving up...,?' Well it depends on which t/f's you are looking. Intraday so far is up, but 1hr/4hr for example are rangy right now, more than anything. Re your comment '...it meant to go down...' Why? It will do what it will do, it has been going up on the dly+ t/f (s)since 1.2300 because there has been more buying volume than selling volume - simple as that. As a technical trader you don't have to know why, but if you need to know, it's because that is the way the market has viewed the relative values of £ versus $, for a whole host of fundamental reasons.
Regards.
Trader with an Edge.
  • #828,292
  • Jun 5, 2024 12:51am Jun 5, 2024 12:51am
Support at 1.27660 to be pecise
  • #828,293
  • Jun 5, 2024 12:52am Jun 5, 2024 12:52am
Sorry support at 1.27560 to be precise
  • #828,294
  • Jun 5, 2024 12:53am Jun 5, 2024 12:53am
...market sold those buy stops just above the Asian hi for a 1st false upside b/o of it?

1hr below
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Trader with an Edge.
  • #828,295
  • Edited 1:49am Jun 5, 2024 1:04am | Edited 1:49am
over 2780 was good level react, may breaks 2759 possible next , waiting !

eurusd successfully broken 0870 , so next level react 0857 , corresponding gu 2759!

seeing many high impact news after few hours and by this time if price not ready for bottoming to bounce and remain up like now then good chance it sharply fall enough before settle to bounce again ! may stay away for such action ! so may resume after all over , in the evening , may long to restart once close now shorts !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #828,296
  • Jun 5, 2024 1:12am Jun 5, 2024 1:12am
Quoting mturabkhan
Respected Seniors... why GU is moving up? can anyone explain in simple words.. i want to know any pattern, any data driven movement? it meant to go down
Dollar shit. Pound less shit
Emotional Control. Process, not outcome.
  • #828,297
  • Jun 5, 2024 1:25am Jun 5, 2024 1:25am
Quoting Konichiwhaat
{quote} Dollar shit. Pound less shit
Hi. Lol! Best explanation of the relative value of one fiat currency versus another ever!
Regards.
Trader with an Edge.
  • #828,298
  • Jun 5, 2024 1:33am Jun 5, 2024 1:33am
Quoting Headland
{quote} Hi. Lol! Best explanation of the relative value of one fiat currency versus another ever! Regards.
Right! He wanted an answer in simple words... I think I achieved that
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Emotional Control. Process, not outcome.
  • #828,299
  • Jun 5, 2024 1:35am Jun 5, 2024 1:35am
I wonder how the State Of Origin will affect the markets tonight?
Compulsions can be hard to resist
  • #828,300
  • Jun 5, 2024 1:43am Jun 5, 2024 1:43am
So far this mf was very accurate
Like yesterday when it's spiked after execly 340 pips drop
Now it supposed to drop 20 pips above from the 61.8 retracement
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yes yes yes
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