Cable Update (GBPUSD) | Page 41736 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #834,701
  • Aug 8, 2024 2:38am Aug 8, 2024 2:38am
Quoting pipfarm
{quote} {image}

That swing turned into a bearish flag but short still on .

Infact the are a lot of pairs showing bearing signals from D1 swing H4 correction and internal structure H1

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 27 KB
Follow The Markets Structure - Patience and Discipline
  • #834,702
  • Aug 8, 2024 2:44am Aug 8, 2024 2:44am
Quoting voeltoez
{quote} Yeah thanks but i will short at 2850, now my sl 2750 ,just wait and see buddy,
Where are you? You promise you are back miss your adx and bb analysis, hope everything is all right
People don't plan to lose. They lose because they don't plan.
  • #834,703
  • Aug 8, 2024 3:30am Aug 8, 2024 3:30am
Gold - Sell

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 28 KB
Together we can be strongest
Vantage Return This Month: na
  • #834,704
  • Aug 8, 2024 3:31am Aug 8, 2024 3:31am
Was reading an article that said, if US CPI dip below 2.7% next week, chances are we might get a NFP reading below 70k or even negative in SEPT, since demand is cooling faster, while real rate becomes more restrictive.
This will induce market to price in 50 to 75bps cut in sept FOMC.

My view is even if cpi stays above 3.0%, it means FED will have to hold/cut by only 25bps. The real rate will put more pressure on the Economy, hence traders might seek it more recession proof assets, $TLT might bounce more to the upside.
Risk assets will go down, together with Dollar.
Market condition is becoming more and more interesting from a single WEAKER Than expected NFP Data (Employment is the first indication for economic growth/Recession)
More time in the market, does not mean you trade better!
  • #834,705
  • Aug 8, 2024 3:32am Aug 8, 2024 3:32am
MY VIEW GBPUSD
H1
trendlines and double bottom pattern
Attached Image (click to enlarge)
Click to Enlarge Name: signture.jpg Size: 201 KB
Trendlines H1,H4, SMC
  • #834,706
  • Aug 8, 2024 3:38am Aug 8, 2024 3:38am
GBPUSD - Buy

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 26 KB
Together we can be strongest
Vantage Return This Month: na
  • #834,707
  • Aug 8, 2024 3:53am Aug 8, 2024 3:53am
G/M. Y/day's (< 30day adr) dly candle was an inverted pinbar. So far today - not much, Asian lo was a false 1st downside b/o of Y/day's lo but still above current wkly lo, and early London made a false 1st upside b/o of Asian hi. 4hr general downtrend still intact. 30min/1hr rangy right now. Y/day's 2736 hi was probably a 1st false upside b/o of the current 2672-2726 1hr range?

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
Trader with an Edge.
  • #834,708
  • Aug 8, 2024 4:10am Aug 8, 2024 4:10am
...price has lived in the shadow of tuesday's fall all y/day, and so far today. That prev 1hr/4hr sw lo zone = pot sbr doing the damage to the bulls' aspirations y/day.

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
Trader with an Edge.
  • #834,709
  • Aug 8, 2024 4:25am Aug 8, 2024 4:25am
12710 seems to be a strong resistance area, a break above takes use to the next resistance which is 12730 both of these seem strong going back to yesterdays high. from a support level 12680 so far seems to be holding well. it could be every 20-30 pips as support and resistance.

Some US data in a bit which could be green enough to take us below the days support however if red we may end up attempting the 12730 -12750 areas
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2024-08-08_10-21-54.png Size: 30 KB
Insane in the Brain..
  • #834,710
  • Aug 8, 2024 4:31am Aug 8, 2024 4:31am
I think price want to 1.27600
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2024-08-08-12-30-44-268_net.metaquotes.metatrader4-edit.jpg Size: 623 KB
yes yes yes
  • #834,711
  • Aug 8, 2024 4:35am Aug 8, 2024 4:35am
Quoting Moty
I think price want to 1.27600 {image}
12760 opens up 128. which may happen next week with a big data week ahead. If the data is red for the US we could see a higher 129
Insane in the Brain..
  • #834,712
  • Aug 8, 2024 4:47am Aug 8, 2024 4:47am
Quoting pipfarm
{quote} That swing turned into a bearish flag but short still on . Infact there are a lot of pairs showing bearing signals from D1 swing H4 correction and internal structure H1 {image}
Going well - hope i do not jinx it

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 27 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 - after.png Size: 25 KB
Follow The Markets Structure - Patience and Discipline
  • #834,713
  • Aug 8, 2024 4:50am Aug 8, 2024 4:50am
GU adding buy 2670, like Pedro saing the lower the better
People don't plan to lose. They lose because they don't plan.
  • #834,714
  • Aug 8, 2024 4:50am Aug 8, 2024 4:50am
Quoting Moty
I think price want to 1.27600 {image}
Unbelievable
It's like the market makers waiting for my announcement
1.26100 it's the target
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2024-08-08-12-49-20-059_net.metaquotes.metatrader4.jpg Size: 615 KB
yes yes yes
  • #834,715
  • Aug 8, 2024 4:54am Aug 8, 2024 4:54am
Quoting Moty
{quote} Unbelievable It's like the market makers waiting for my announcement 1.26100 it's the target {image}
  • #834,716
  • Aug 8, 2024 4:56am Aug 8, 2024 4:56am
Bought gbpusd 1.2672... target 1.2720... stop at 1.2642
Data + Stat + Risk/Emotions Management
  • #834,717
  • Aug 8, 2024 4:56am Aug 8, 2024 4:56am
Looks like EU might be coming down.

D1 is up but H4 is down so that should be corrective , looking at H1 internal structure of H4 there is only a single wave down , so the current move up on H1 is also corrective as can see an a b(abc) and a C 12345 up making that a complete corrective move.
Follow The Markets Structure - Patience and Discipline
  • #834,718
  • Aug 8, 2024 5:02am Aug 8, 2024 5:02am
Quoting Georginson
Bought gbpusd 1.2672... target 1.2720... stop at 1.2642
you are like a sniper in the roof waiting with headphone in one ear to tell you: now!
People don't plan to lose. They lose because they don't plan.
  • #834,719
  • Edited 5:19am Aug 8, 2024 5:09am | Edited 5:19am
So waiting for 2610!
While eurusd breaks 0880 (corresponding gu 2610) for 0800 possible next
Attached Image(s) (click to enlarge)
Click to Enlarge Name: download - 2024-08-08T140812.815.png Size: 15 KB
Click to Enlarge Name: download - 2024-08-08T141648.112.png Size: 19 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #834,720
  • Aug 8, 2024 5:19am Aug 8, 2024 5:19am
Quoting Moty
{quote} Unbelievable It's like the market makers waiting for my announcement 1.26100 it's the target {image}
Unbelievable part 2
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2024-08-08-13-18-43-199_net.metaquotes.metatrader4.jpg Size: 617 KB
yes yes yes
985 traders viewing now, 2 are registered:
Waveskierrob
,