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Cable Update (GBPUSD)

  • #829,561
  • Jun 14, 2024 5:12am Jun 14, 2024 5:12am
Quoting adexadams
Dear fellow traders, it been a while posting my analysis on gbp/usd , but today i post 92pips buy signal on gbp/usd and 23 pips stoploss as you can see {image}
SL or holding?
People don't plan to lose. They lose because they don't plan.
  • #829,562
  • Jun 14, 2024 5:12am Jun 14, 2024 5:12am
Quoting ScalaFX
{quote} potential to 2355, I will be watching for heavy short if go there, high probability
yeah i know.

Lets start with how price will manage to behave above 2326.5
could be slam dunk above it, if not higher..
im out because i made amazing money on GJ, nice amount on GU, and now Gold.
i must sleep few hours before NY and news.
  • #829,563
  • Jun 14, 2024 5:13am Jun 14, 2024 5:13am
Quoting Reverso
{quote} As long as 1.27 holds, long bias is still intact, it simply means enter more buys first before entering more sells. If it breaks, the cycle will end and restart in Short bias, where i will prioritize entering Sells first before Buys, assuming the bias holds, the profit will keep coming as long as the imbalance is maintained at Sells > Buys.
holded or no? Which bias is now?
People don't plan to lose. They lose because they don't plan.
  • #829,564
  • Jun 14, 2024 5:14am Jun 14, 2024 5:14am
Quoting Whale
{quote} yeah i know. Lets start with how price will manage to behave above 2326.5 could be slam dunk above it, if not higher.. im out because i made amazing money on GJ, nice amount on GU, and now Gold. i must sleep few hours before NY and news.
nice, you deserved Zzzzzz...
People don't plan to lose. They lose because they don't plan.
  • #829,565
  • Jun 14, 2024 5:16am Jun 14, 2024 5:16am
...could see demand emerge all the way down to 2675 initially if challenged? 2692 the current dly lo. Wkly S1 is @/around 2671.
Downside fibs to 2300 per graphic below

4hr, then fibs graphic below
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Attached Image
Trader with an Edge.
  • #829,566
  • Jun 14, 2024 5:26am Jun 14, 2024 5:26am
sp500 shorts from yesterday taking partials and protected
People don't plan to lose. They lose because they don't plan.
  • #829,567
  • Jun 14, 2024 5:27am Jun 14, 2024 5:27am
Quoting ScalaFX
{quote} holded or no? Which bias is now?
I’d say 127 is holding. An overshoot so far but until we see lower than 12680 which is a tough ask especially without any data to force it down
Insane in the Brain..
  • #829,568
  • Jun 14, 2024 5:33am Jun 14, 2024 5:33am
...4hr will print a 1st LL (after 2 x LH's,) when it forms fractally @ current dly lo or lower, - so possibly @ beginning of a downtrend,? but probably more rangy than anything right now? 1hr is in a general downtrend, and dly general uptrend is showing some signs of weakness/rolling over?

1hr below
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Trader with an Edge.
  • #829,569
  • Jun 14, 2024 5:34am Jun 14, 2024 5:34am
Quoting ScalaFX
{quote} nice, you deserved Zzzzzz...
thanks my love

btw.. just leave it here

crush from here? Maybe.
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  • #829,570
  • Jun 14, 2024 5:40am Jun 14, 2024 5:40am
Quoting fontu
2706 broken and now careful as may test or bounce around 2689. Take care
Good level for a bounce , may minimum , ib m15 tf having mother bear , , nr4 breaking down possible , anyway smaller tf , no necessary respect by just breaking 2713 . Limit 2722/ 38 test likely next.watching
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #829,571
  • Jun 14, 2024 5:42am Jun 14, 2024 5:42am
Quoting fontu
{quote} Good level for a bounce , may minimum , ib having mother bear , , nr4 breaking down possible , watching {image}
yeah I think so, from a psychological area perspective 12720 and bulls can reclaim some losses. NYO may allow a further pullback. This is all as long as 127-12690 hold
Insane in the Brain..
  • #829,572
  • Jun 14, 2024 5:50am Jun 14, 2024 5:50am
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yes yes yes
  • #829,573
  • Jun 14, 2024 5:55am Jun 14, 2024 5:55am
Quoting ScalaFX
{quote} holded or no? Which bias is now?
My bias indicator only update once a day, if price able to close below that level at the end of day, then likely the indicator will turn red and change to Short bias.
As long as the bias indicator still green (Long bias), I have to assume the trend will be intact and expect bounce, but no guarantee.
Regardless, the bias will remain green for the rest of today, because it will only update daily. I trade daily chart.
Up or down doesn't matter, just react accordingly depending of current situation. Trade what the chart shows you.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
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  • #829,574
  • Jun 14, 2024 5:58am Jun 14, 2024 5:58am
Personally, I think upward momentum is shit, zoom out in 1h chart you will see what I mean, the uptrend looks weak overall.
The big drop that will change the trend direction to Bearish should happen any day now, likely in the next few trading days.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #829,575
  • Jun 14, 2024 5:59am Jun 14, 2024 5:59am
You shell not pass 2230 mf
Next stop 2317
yes yes yes
  • #829,576
  • Jun 14, 2024 5:59am Jun 14, 2024 5:59am
Quoting Reverso
{quote} My bias indicator only update once a day, if price able to close below that level at the end of day, then likely the indicator will turn red and change to Short bias. As long as the bias indicator still green (Long bias), I have to assume the trend will be intact and expect bounce, but no guarantee. Regardless, the bias will remain green for the rest of today, because it will only update daily. I trade daily chart. Up or down doesn't matter, just react accordingly depending of current situation. Trade what the chart shows you.
now is clear for me, based on d1 candle and levels, nice
People don't plan to lose. They lose because they don't plan.
  • #829,577
  • Jun 14, 2024 6:06am Jun 14, 2024 6:06am
Quoting Reverso
Personally, I think upward momentum is shit, zoom out in 1h chart you will see what I mean, the uptrend looks weak overall. The big drop that will change the trend direction to Bearish should happen any day now, likely in the next few trading days.
Yes, I see it from few days now, we could see some LQ run to trap more buyers but overall it will drop hard
People don't plan to lose. They lose because they don't plan.
  • #829,578
  • Jun 14, 2024 6:12am Jun 14, 2024 6:12am
where are you traders! I know Whale sleeping but rest? So quiet here everyone making money, busy
People don't plan to lose. They lose because they don't plan.
  • #829,579
  • Edited 6:29am Jun 14, 2024 6:17am | Edited 6:29am
...bulls struggling to get upside of the 4hr part of the 1st pot sbr zone - the prev 1hr/minor 4hr sw lo zone = prev res = pot sbr

4hr below
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Trader with an Edge.
  • #829,580
  • Jun 14, 2024 6:39am Jun 14, 2024 6:39am
I have a long position on GU targeting Asian highs(if we get there). Waiting for NY to show some pressure to the upside.
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