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Cable Update (GBPUSD)

  • #836,561
  • Aug 28, 2024 7:40am Aug 28, 2024 7:40am
Quoting viktoriaxz
eur can correct 10880,10660.gu only started. if daily eur,it means top,eur daily need correction also,or change of trend but last top was top on daily.if trend change it should return up once again on daily.
EU

Im looking complete correction on this.
Maybe will scalp later once it bounce off the fib
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #836,562
  • Aug 28, 2024 7:47am Aug 28, 2024 7:47am
Quoting knkie
Price has arrived at last weeks Close, 1.3210 This is M15 chart. i may exit here for 18 pips depending on how price reacts to this level {image}
I exited with 24 pips.
good enough for this trade.
im sidelined until price hits a demand zone or reverses on H4
in wondering about yourself, you forgot what you came here to be part of
  • #836,563
  • Aug 28, 2024 8:05am Aug 28, 2024 8:05am
Banked more EU shorts now going to wait and see what New York does
Master your mind. Master Trading.
  • #836,564
  • Aug 28, 2024 8:06am Aug 28, 2024 8:06am
Quoting Moty
{image}
come on!!!!!!
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yes yes yes
  • #836,565
  • Aug 28, 2024 8:08am Aug 28, 2024 8:08am
Quoting pipfarm
So far so good this morning , closed all my trades yesterday and banked 17k Today there was another opportunity following the H1 primary trend on USDJPY Waited for the break down and then the retest of the correction that separated the main corrective upswing, once again an expanding flat, so price retested and has pulled away for a nice 2k after breakfast but still holding the trade as hopefully it should drop below 143.41 {image} As far as GU is concerned from H1 perspective it should go up again if the retest of break of the prior corrective...
stop out of this one 1500 loss , can handle that
Follow The Markets Structure - Patience and Discipline
  • #836,566
  • Aug 28, 2024 8:12am Aug 28, 2024 8:12am
Quoting Godspromise
{quote} but I believe your are exactly right did you see gbpaud it dropped like a cannon ball I knew it but I left the trade early
hardly a cannon ball, no new low as of yet, it is still the h4 correction, it could break to the upside anytime.
my analysis was for h4 because that is where the main trend and correction are, not sure which tfs you are reffering to?
Follow The Markets Structure - Patience and Discipline
  • #836,567
  • Aug 28, 2024 8:14am Aug 28, 2024 8:14am
Quoting Godspromise
{quote} that's why I'm taking profits at 63k I doubt it will pass that 1 hour zone drop for further continuation to 54k then break of that daily structure to 45k for me it's just a temporary correction back into the 63k zone
that is exactly what I thought, I never thought of trading the retest
Follow The Markets Structure - Patience and Discipline
  • #836,568
  • Aug 28, 2024 8:15am Aug 28, 2024 8:15am
gu passed on daily 1.31833 top second top line.if nothing happen. on daily min 1.28158,but better second line-1.27 .
  • #836,569
  • Aug 28, 2024 8:17am Aug 28, 2024 8:17am
EU 15mins. I will buy a retouch to the base of this falling wedge. That should be near 1101 area. Should yield me at least 20 pips. Valid today only
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  • #836,570
  • Aug 28, 2024 8:19am Aug 28, 2024 8:19am
Quoting pipfarm
{quote} hardly a cannon ball, no new low as of yet, it is still the h4 correction, it could break to the upside anytime. my analysis was for h4 because that is where the main trend and correction are, not sure which tfs you are reffering to?
I'm referring to the 4 hr as well but that 4 hr resistance is golding the buy moves up
  • #836,571
  • Aug 28, 2024 8:28am Aug 28, 2024 8:28am
... there is a repeating pattern of 1hr bullish hidden div present - which may stay valid as long as price stays above y/day's 3180 current wkly lo. Any upside attempt so far today has been sold by the bears. Asian hi, just below y/day's hi, remains the current dly hi, so far. Lots of fibs to the downside - it's fibtastic!

4hr/1hr below
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Trader with an Edge.
  • #836,572
  • Aug 28, 2024 8:30am Aug 28, 2024 8:30am
Quoting pipfarm
{quote} that is exactly what I thought, I never thought of trading the retest
yeah retest normally has alot of liquidity and generally is a fast move up I love to trade break of structure retests 4 hr zones thats my strategy still fine tuning and working on my psychology and mindset
  • #836,573
  • Aug 28, 2024 8:32am Aug 28, 2024 8:32am
Quoting Headland
... there is a repeating pattern of 1hr bullish hidden div - which may stay valid as long as price stays above y/day's 3180 current wkly lo. Any upside attempt so far today has been sold by the bears. Asian hi just below y/day's hi remains the current dly hi so far. Lots of fibs to the downside - it's fibtastic! 4hr/1hr below {image}
13180 needs a spanking lol.. having said that I took a hit at the 3250 yesterday. I’m looking to go long at the support area should 13180 stand
Insane in the Brain..
  • #836,574
  • Aug 28, 2024 8:40am Aug 28, 2024 8:40am
Quoting Yngwie
sold 1.3248
Quoting Yngwie
{quote} 1.3190
done 58p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #836,575
  • Aug 28, 2024 8:46am Aug 28, 2024 8:46am
Yes yes yes
Go up
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yes yes yes
  • #836,576
  • Aug 28, 2024 8:53am Aug 28, 2024 8:53am
Here you go at last
  • #836,577
  • Aug 28, 2024 8:54am Aug 28, 2024 8:54am
Quoting Czesc6978
Here you go at last
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  • #836,578
  • Aug 28, 2024 8:59am Aug 28, 2024 8:59am
Quoting BeeTogether
{quote} 13180 needs a spanking lol.. having said that I took a hit at the 3250 yesterday. I’m looking to go long at the support area should 13180 stand
Hi, lol, you never know, every chance @ some stage,? but for now, @ current dly lo - it hit a 3 fib cluster just above the prev 1hr/4hr sw lo zone = pot supp that leads down to that 3180, (a HL on 4hr.) It's the 3rd downside b/o of asian lo and price is still below it right now.

1hr below
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Trader with an Edge.
  • #836,579
  • Aug 28, 2024 9:04am Aug 28, 2024 9:04am
the price likely to consolidate above 3190 before up.
Intraday only.
  • #836,580
  • Aug 28, 2024 9:15am Aug 28, 2024 9:15am
...actually on a closer look price @ current dly lo made it into top of the 4hr part of that prev 1hr/4hr sw lo zone = pot supp that extends down to 3180 @ that 3 fib cluster, (2 shown on chart below.) Price has made a so far 76pip pullback from y/day's hi, - the 4hr/dly general uptrend hi, - and has exited the bottom of the 4hr ascending channel in doing so, but a 76pip p/back is not absolutely inconsistent with the character of the uptrend on 4hr/dly from 2665, yet? It's currently the equal largest p/back since 2665.

4hr below
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