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Cable Update (GBPUSD)

  • #830,161
  • Jun 21, 2024 3:18am Jun 21, 2024 3:18am
G/M, bearish thrust candle on the dly y/day bearishly engulfed the previous 3 candle bodies, and current wkly hi @ 2740 becomes a LH ,on that t/f.
So far today Uk retail sales - initial quick knee-jerk up, then down to a a new current dly lo below the asian lo.

Just below current dly lo a big wide prev sw hi zone on 1hr/4hr/dly/minor wkly, from 3rd May last, (wide particularly on 4hr and dly,) and starts @ 2634, = prev res = pot rbs. Next 3 fib cluster is @ 2603-2592.

Dly below
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Trader with an Edge.
  • #830,162
  • Jun 21, 2024 3:21am Jun 21, 2024 3:21am
Quoting fxted
Holding till i don't know when. {image}
Closed hit SL. Will enter again later.
  • #830,163
  • Jun 21, 2024 3:23am Jun 21, 2024 3:23am
Quoting JayBag
{quote} I have been adding up from these lows up to my initial entry. Today's PA suggest a heavy BULL. I'd be crazy to sell it tho. I mean, yesterday PA was congested like mad


3 days cycle 1st 3 days closed on wednesday

they knew the SL was at the low of monday low

there was an uncomfirmed buy orders thats why it keep droppin

buyers now looking for chance to enter again to cover loss, so thats why i said today is win win for both buyers and sellers cus both can player out nicely

i am looking for 25pips
MY OPINION NOT FINANCIAL ADVISE
  • #830,164
  • Jun 21, 2024 3:33am Jun 21, 2024 3:33am
...1st challenge on the prev minor 1hr sw lo zone @ asian lo is repelled as sbr, then a quick deeper dip down to pot rbs zone mentioned in post above, on the 2nd Uk data - and quick move up from there - all in the blink of an eye lol!

1hr below
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Trader with an Edge.
  • #830,165
  • Jun 21, 2024 3:35am Jun 21, 2024 3:35am
Quoting donfriday
{quote} 3 days cycle 1st 3 days closed on wednesday they knew the SL was at the low of monday low there was an uncomfirmed buy orders thats why it keep droppin buyers now looking for chance to enter again to cover loss, so thats why i said today is win win for both buyers and sellers cus both can player out nicely i am looking for 25pips
People don't plan to lose. They lose because they don't plan.
  • #830,166
  • Jun 21, 2024 3:35am Jun 21, 2024 3:35am
sold gold again after loss in the morning
If failed so 2400 again.
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  • #830,167
  • Jun 21, 2024 3:35am Jun 21, 2024 3:35am
Quoting donfriday
{quote} 3 days cycle 1st 3 days closed on wednesday they knew the SL was at the low of monday low there was an uncomfirmed buy orders thats why it keep droppin buyers now looking for chance to enter again to cover loss, so thats why i said today is win win for both buyers and sellers cus both can player out nicely i am looking for 25pips
Looks like we've seen low of today. Nice analysis.
  • #830,168
  • Jun 21, 2024 3:37am Jun 21, 2024 3:37am
Quoting donfriday
{quote} 3 days cycle 1st 3 days closed on wednesday they knew the SL was at the low of monday low there was an uncomfirmed buy orders thats why it keep droppin buyers now looking for chance to enter again to cover loss, so thats why i said today is win win for both buyers and sellers cus both can player out nicely i am looking for 25pips
your first avatar was better
People don't plan to lose. They lose because they don't plan.
  • #830,169
  • Jun 21, 2024 3:39am Jun 21, 2024 3:39am
Dropped on bad data and back up again lol
Insane in the Brain..
  • #830,170
  • Jun 21, 2024 3:39am Jun 21, 2024 3:39am
i've place a buy limit

1.2636
RR 1:1 25pips
MY OPINION NOT FINANCIAL ADVISE
  • #830,171
  • Jun 21, 2024 3:40am Jun 21, 2024 3:40am
Quoting donfriday
{quote} 3 days cycle 1st 3 days closed on wednesday they knew the SL was at the low of monday low there was an uncomfirmed buy orders thats why it keep droppin buyers now looking for chance to enter again to cover loss, so thats why i said today is win win for both buyers and sellers cus both can player out nicely i am looking for 25pips
True, I have to agree with you, bro.

The thing is, every day, both sellers and buyers have chances to shine. It just depends on the targets.
Today is no different. However, it's Friday, and we have been lacking an impulse to the upside since the beginning of the week. I wouldn't be surprised if we get that impulse today. These sellers are too minor in my opinion. Lastly, I strongly believe that by the end of the day, the bulls will reign supreme.

Anyway, I am the KING of speculations
Cheers
  • #830,172
  • Jun 21, 2024 3:41am Jun 21, 2024 3:41am
Quoting donfriday
i've place a buy limit 1.2636 RR 1:1 25pips
maybe train already went
People don't plan to lose. They lose because they don't plan.
  • #830,173
  • Jun 21, 2024 3:41am Jun 21, 2024 3:41am
Great analysis don. I entered again buy side.
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  • #830,174
  • Jun 21, 2024 3:43am Jun 21, 2024 3:43am
Quoting ScalaFX
{quote} maybe train already went

i didnt even know when price drop there and bounce
MY OPINION NOT FINANCIAL ADVISE
  • #830,175
  • Edited 3:57am Jun 21, 2024 3:43am | Edited 3:57am
...se we have a new current wkly lo and a 2nd 4hr downside b/o of last wk's lo after p/back to it from asian lo.

4hr below
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Trader with an Edge.
  • #830,176
  • Jun 21, 2024 3:45am Jun 21, 2024 3:45am
Quoting ScalaFX
{quote} your first avatar was better
PF?
MY OPINION NOT FINANCIAL ADVISE
  • #830,177
  • Jun 21, 2024 3:46am Jun 21, 2024 3:46am
Quoting donfriday
{quote} i didnt even know when price drop there and bounce
Yes, this avatar is better, my eye use to it
you have earlier one more but I cant remember what that was
People don't plan to lose. They lose because they don't plan.
  • #830,178
  • Jun 21, 2024 4:01am Jun 21, 2024 4:01am
I am short on Cable, It is melting. Looking to trail stops and minimize the risk on this trade.
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  • #830,179
  • Jun 21, 2024 4:09am Jun 21, 2024 4:09am
Quoting fxted
Great analysis don. I entered again buy side. {image}
Closed 1 and added another 1. Nothing to lose at this point.
Weekly bear looks weak.
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  • #830,180
  • Jun 21, 2024 4:34am Jun 21, 2024 4:34am
...that prev 1hr/4hr/dly sw lo that starts @ last week's 2658 lo, on 4hr/dly extends up to circa 2685. This is the 1st real upside hurdle for the bulls, = prev supp = pot sbr as evidenced @ the current p/back hi of the day's main down move (so far) following the bounce up @ current dly lo. Some fibs and Dly Pivot in it too.


4hr/1hr below
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