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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Pat Chiko
{quote} BTC Scalping LONG. I hope can make some tiny profit from this scalp. {image}

Almost about to break through this resistance....could be wrong
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We need a Quantum leap in understanding here
Quoting trumps
{quote} I don’t think we’ll see a 260+ pip move down today
probably a W1 spinning top
#doyourownanalysisordietryin
Are GBPUSD and GBPJPY about to go up ?

GBPUSD

D1 is still up with a couple of lower high lower low bars indicating a correction to view on H4 , H1 has tentatively started to trend up


GBPJPY

D1 is up but looks like a corrective swing and the recent contraction when viewed on H4 looks like an ascending triangle could be about to break out to the upside

I have taken long positions on both the above pairs.
Follow The Markets Structure - Patience and Discipline
Moves seem settled now. 13175 supported quite well, however we also didn’t see a break above 132 either. Maybe 13190-13170 till US data later green and we could see 13140 (yesterdays low area) and below red and 13230 (yesterdays high area)
Insane in the Brain..
Quoting Pat Chiko
{quote} GU Two hours odds ago , I guess price going up and closed my SHORT, then open LONG. Must be my luck day to spaculate it right, Now is to find "B". But you may find beetogether just around the corner. {image} Two hours ago posted this chart{image}
Why close sell orders and open buy orders here?
no significant pa here on H1,H4,Daily. was it fundamentals?
what happened?
Quoting genadi
{quote} Why close sell orders and open buy orders here? no significant pa here on H1,H4,Daily. was it fundamentals? what happened?

It worked as long as he closed @ 1.3200 or just before
We need a Quantum leap in understanding here
G/M, 2nd bearish candle on the dly y/day as the pullback in the 4hr/dly/wkly uptrends continued off the 3266/67 trends hi, price then encountering demand @ y/day's lo @ the prev 4hr/dly/wkly/mthly sw hi zone = pot rbs that starts @ last years 3142 hi. So far today an early London upside b/o of the asian hi. Asian lo is the current dly lo right now.

1hr below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
...although 179% of 6mth amr has been traveled so far this mth, (on last trading day of the mth,) only 73% of 13wk awr so far this week. So, on this occassion it probably isn't too late '..to change..' the wkly candle before it closes later today? (a la Bones .) Looking at it right now, it could go either way?

wkly below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting HaLBot
{quote} It worked as long as he closed @ 1.3200 or just before
But H4/Daily FVG was not filled. There was no reversal PA.
What was the reason?
Quoting genadi
{quote} But H4/Daily FVG was not filled. There was no reversal PA. What was the reason?
Hi, I don't know Pat's exact edge or reasons for going long there, but perhaps it had something to with this hypothesis; Price @ y/day's lo hit that potential rbs zone re last years 3142 hi (as described in my post above,) where buyers were waiting and price had risen from there. The Asian lo had not managed to get through it to the downside, and made a 1hr then 4hr fractal swing lo which was then tested as potential support - and buyers were encountered there, sending it higher. And of course, dly and wkly are of course still in general uptrends, if not 4hr (messy right now,) so it is not inconceivable that buyers are waiting to step back in @ a discount after the pullback off 3266/67 trend hi.
Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting genadi
{quote} But H4/Daily FVG was not filled. There was no reversal PA. What was the reason?
He flip a coin may be
Riskin' ticks for points!
Quoting genadi
{quote} But H4/Daily FVG was not filled. There was no reversal PA. What was the reason?

Because I commanded it to happen .......

I'm suspecting traders wanted to get some buying in for Frankfurt and London opening up until Core Harmonized Index of Consumer Prices (HICP) and Euro unemployment rate.
Unemployment came in a bit better than expected and HICP came in as expected and then the buying was sold off.
Now waiting for US data out later for anymore big moves.
Possible US rate cut still playing on traders minds so no big move down at this moment with more buying to come.
My analysis of the current conditions but I could be totally wrong and most times I am


Not that I used Pat as a signal provider but I too bought Frankfurt and London opening, just seemed logical after yesterdays big move down,
I did however see his post after getting into the market thinking "I hope he's right about this" LOL
We need a Quantum leap in understanding here
Gold
We are at a very interesting yet crucial point in the market.
Possibility for reversal or continuation is on play.
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We have passive sellers entering the market, and wonder how big the limit order is, that it takes all these touches to the resistance yet, fail to break.
If today we get a weekly close below this resistance line, chances are we are going to dive.
2482 might be the next support zone.
I want something to break before loading my swing shorts.
PCE is expected to rise, and NFP next week.
Riskin' ticks for points!
...price versus amr and awr suggests there might be more room to the downside today - in this respect at least,? but quite a lot of pot supp and pot rbs to get thru to get below that prev 4hr/dly/wkly/mthly sw hi zone = pot rbs, that starts @ last years 3142 hi ...this extends down to circa 3129 on 4hr, deeper/lower on higher t/f's.

4hr below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
GBPUSD - Sell

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Together we can be strongest
Possible buying of 1.3166 or just above
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We need a Quantum leap in understanding here
Change of plan

GY , leave long

GU , leave long but only for a retest maybe to 3234 or get stopped out

That D1 downside move when viewed on H4 has 3 swings down with no abc B wave so the 3 waves down must be part of a bigger correction to the downside and any move up most probably just a retest , if it is not then im stopped out

If it does retest to the upside then probably a good area to short from
Follow The Markets Structure - Patience and Discipline
Quoting Headland
...price versus amr and awr suggests there might be more room to the downside today - in this respect at least,? but quite a lot of pot supp and pot rbs to get thru to get below that prev 4hr/dly/wkly/mthly sw hi zone = pot rbs, that starts @ last years 3142 hi ...this extends down to circa 3129 on 4hr, deeper/lower on higher t/f's. 4hr below {image}
1312X possible a good area for a long. Although US data may totally change the narrative
Insane in the Brain..
....just idle speculation this, I have as much idea as anyone else - which is to say, no idea at all;! Are the bears are targeting that prev 4hr/dly/wkly sw hi zone = pot rbs that starts @ 3045? The 38.2% of the 2665-3266/67 move is there too, as well as other fibs, including 23.6% of the 2300 - said 3266/67 move, ie the current yrly lo - current yrly hi move.
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting pipfarm
Change of plan GY , leave long GU , leave long but only for a retest maybe to 3234 or get stopped out That D1 downside move when viewed on H4 has 3 swings down with no abc B wave so the 3 waves down must be part of a bigger correction to the downside and any move up most probably just a retest , if it is not then im stopped out If it does retest to the upside then probably a good area to short from

In fact based on the 3 wave down scenario on H4 and D1 making a correction do the downside we might see our old friend the exp flat which means a spike on the news above D1 high before the drop for C of the daily correction which makes sense for GY to rise because usually USDJPY AND GBPUSD must go in the same direction for a strong move on GY
Follow The Markets Structure - Patience and Discipline
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