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Cable Update (GBPUSD)

  • #828,761
  • Jun 7, 2024 4:45pm Jun 7, 2024 4:45pm
Quoting pipfarm
NFP analysis - short {image}
Short it was once the c of the abc finished , did not get an entry on this one as it came down too fast but some other pairs gave exactly the same set up with a chance to enter.

The give away for direction was the single wave down A with the three swings up abc then the move down on nfp C, same same on audusd ,audcad and gold, they were the easiest for entry.
Follow The Markets Structure - Patience and Discipline
  • #828,762
  • Jun 7, 2024 5:10pm Jun 7, 2024 5:10pm
Quoting trumps
With the 3rd touch this week on the weekly descending TL, I think we will have to wait until next week for the bulls to show the market who’s boss
Watching for a weekly close below 2660 area before closing longs
Attached Image (click to enlarge)
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Compulsions can be hard to resist
  • #828,763
  • Jun 7, 2024 5:24pm Jun 7, 2024 5:24pm
Quoting dantpm
{quote} How often do you recall seeing an NFP Friday GU price action behave like today?
Very rarely, the price moves in one side.
Usually for NFP, after initial reaction, the price reverses
Intraday only.
  • #828,764
  • Jun 7, 2024 5:29pm Jun 7, 2024 5:29pm
Quoting navk
2812/2823 is sell area. Above 2740/ 2774 is buy area. Decide what you wish to do based on initial reaction after NFP
This was very accurate.
Excellent job sir!
  • #828,765
  • Edited 8:13pm Jun 7, 2024 7:54pm | Edited 8:13pm
Quoting dantpm
{quote} How often do you recall seeing an NFP Friday GU price action behave like today?
February 2nd was the last time it behaved this way. Hope you are well Dan
Emotional Control. Process, not outcome.
  • #828,766
  • Jun 8, 2024 2:49am Jun 8, 2024 2:49am
checking pa , still eurusd and gbpusd within strong bull territory, no signal bear yet ! pressure remain bear with big bear candle , not enough yet,dollar to engage in good price action having good srs , now only news time intervention and random spikes ! lets see
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDH1.png Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #828,767
  • Jun 8, 2024 3:45am Jun 8, 2024 3:45am
Quoting fontu
checking pa , still eurusd and gbpusd within strong bull territory, no signal bear yet ! pressure remain bear with big bear candle , not enough yet,dollar to engage in good price action having good srs , now only news time intervention and random spikes ! lets see {image} {image}
yes, the price just randomly vibrates as usual.

M1-H1.
  • #828,768
  • Jun 8, 2024 3:55am Jun 8, 2024 3:55am
Attached Image (click to enlarge)
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  • #828,769
  • Jun 8, 2024 4:05am Jun 8, 2024 4:05am
hi shovel seller.
I don't buy anything.

lol.
  • #828,770
  • Jun 8, 2024 4:21am Jun 8, 2024 4:21am
Quoting tiborf71
hi shovel seller. I don't buy anything. lol.
Not sure if your post is aimed at me ?but my post was general, if it had been aim at you I would have "quoted" your post, but "shovel seller" made me laugh I liked it, ps "Spear and Jackson" sold shovels ...
  • #828,771
  • Jun 8, 2024 4:31am Jun 8, 2024 4:31am
Quoting fontu
checking pa , still eurusd and gbpusd within strong bull territory, no signal bear yet ! pressure remain bear with big bear candle , not enough yet,dollar to engage in good price action having good srs , now only news time intervention and random spikes ! lets see {image} {image}
next week with UK gdp and Fed FOMC will be interesting

My thoughts are until the uk elections are over we will hover around 125-128 with 127 as the happy medium. So even if we get a drop to 125 a move back up to 127 can’t be ruled out.
Insane in the Brain..
  • #828,772
  • Edited 5:34am Jun 8, 2024 5:20am | Edited 5:34am
my analysis shows that we are approaching a mandatory northern direction correction. you should now monitor the emergency S/R levels. because there will be a rebound. This correction will usually not be very significant, but it should be taken into account.
this is just my analysis, i could be wrong.
H4 !!!

this correction is sufficient to temporarily maintain the balance.
  • #828,773
  • Jun 8, 2024 6:48am Jun 8, 2024 6:48am
GU < = 1.25929

My eyes : GU = 1.249XX



NOW
---------------
GU BUY : TP ONLY 20 PIPS
GU SELL : TP 80,100...300....... PIPS.
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  • #828,774
  • Edited 7:52am Jun 8, 2024 7:19am | Edited 7:52am
Set:

TP1 SELL = 1.26544.
TP2 SELL = 1.25969.
TP3 SELL = 1.25089.
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  • #828,775
  • Jun 8, 2024 8:17am Jun 8, 2024 8:17am
Quoting tiborf71
my analysis shows that we are approaching a mandatory northern direction correction. you should now monitor the emergency S/R levels. because there will be a rebound. This correction will usually not be very significant, but it should be taken into account. this is just my analysis, i could be wrong. H4 !!! this correction is sufficient to temporarily maintain the balance.
realistic correction.
H4.
Attached Image (click to enlarge)
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  • #828,776
  • Jun 8, 2024 9:24am Jun 8, 2024 9:24am
GU and EU to parity and below..... don't forget Gold soon 2000 and below..all falling vs mighty

*Just telling you all the truth so you don't waste your time waiting for 1 and 2 pips up/down
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #828,777
  • Jun 8, 2024 9:39am Jun 8, 2024 9:39am
I buy gold then in the hope of a correction.
H4.

  • #828,778
  • Jun 8, 2024 9:42am Jun 8, 2024 9:42am
Quoting ChiForex
GU and EU to parity and below..... don't forget Gold soon 2000 and below..all falling vs mighty *Just telling you all the truth so you don't waste your time waiting for 1 and 2 pips up/down
"The truth"...
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  • #828,779
  • Jun 8, 2024 10:21am Jun 8, 2024 10:21am
Quoting Moty
All pairs are waiting for the nfp Only gold moved 57 pts today I think this the second biggest move of the year or even the biggest {image}
quit trading Moty..realy..think about your followers..you are a red flag member, never in profit...don't mislead newbies..sorry..it's a mess
  • #828,780
  • Edited 12:27pm Jun 8, 2024 10:22am | Edited 12:27pm
Quoting BeeTogether
{quote} next week with UK gdp and Fed FOMC will be interesting My thoughts are until the uk elections are over we will hover around 125-128 with 127 as the happy medium. So even if we get a drop to 125 a move back up to 127 can’t be ruled out.
yeah ,next week can be interesting . 2700/2690 signal may play repeatedly , even 2680 breaks but 2642 breaks and hold confirmation for the next swing if plays remain very tough !
UK GDP forecast positive for 2024 , may little fluctuate without any effects , US fed rate likely uncut and so no great positive effects rather market may disappoint ! so no great positive with all hawkish talking alone ! only news times 5 minutes spike and extension after a dead signal without visible any price action before , not enough yet for USDX power .can be reversed easily too,
anyway lets see what happen . let they signal , confirm , reconfirm to enter in the body of the probable bear swing next , till it is still bull running , can have another leg up to for better resistance !
i am basically bear for GBP ultimately . not know how and when !
take care
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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