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Cable Update (GBPUSD)

  • #839,421
  • Sep 25, 2024 4:34am Sep 25, 2024 4:34am
keep an eye on dxy , it rejected that level before, looks like a very strong support for the usd
  • #839,422
  • Sep 25, 2024 4:40am Sep 25, 2024 4:40am
Quoting HaLBot
{quote} Thanks for the responses
Could be the liquidity provider wants to cover shorts , or could be a commercial bank decides it is a good place to make an exchange for a large customer imho, others may say different.
Follow The Markets Structure - Patience and Discipline
  • #839,423
  • Sep 25, 2024 4:43am Sep 25, 2024 4:43am
Quoting pipfarm
{quote} Could be the liquidity provider wants to cover shorts , or could be a commercial bank decides it is a good place to make an exchange for a large customer imho, others may say different.

Euro looks to have printed it's low for now @ 1178, I could be wrong as pullback deeper than I expected
Don't Leave Money on the Table
  • #839,424
  • Sep 25, 2024 4:47am Sep 25, 2024 4:47am
Quoting HaLBot
So we've been heading down from 3424 for the last 5 hours and what I always wonder is who suddenly decides it's time to buy? Someone/firm must make that decision Do they decide it's top of the hour lets go long??
Buyers will come in around 1.3340/60 zone. This can either be a retracement/reversal.

Group of people like me and you combine together through computer/internet connectivity to give direction inline with different strategies given same results.
Market Structure is the King.....
  • #839,425
  • Sep 25, 2024 4:50am Sep 25, 2024 4:50am
Quoting HaLBot
{quote} Euro looks to have printed it's low for now @ 1178, I could be wrong as pullback deeper than I expected
I would say it will go lower , no B or C of ABC yet
Follow The Markets Structure - Patience and Discipline
  • #839,426
  • Sep 25, 2024 4:53am Sep 25, 2024 4:53am
Quoting pipfarm
{quote} Could be the liquidity provider wants to cover shorts , or could be a commercial bank decides it is a good place to make an exchange for a large customer imho, others may say different.
Don't forget that we all have 1.3420/1.3430 on this platform as a major resistance before this fall. Besides, Beetogether even ensured he milked all the pips while I chicken out because of Weekly and Monthly Pivot within the zone. If I am correct, it's not wrong to agree that even the Big boys and MM watch out for same signal to execute trades.
Market Structure is the King.....
  • #839,427
  • Sep 25, 2024 4:57am Sep 25, 2024 4:57am
Quoting Abeylyn
{quote} Don't forget that we all have 1.3420/1.3430 on this platform as a major resistance before this fall. Besides, Beetogether even ensured he milked all the pips while I chicken out because of Weekly and Monthly Pivot within the zone. If I am correct, it's not wrong to agree that even the Big boys and MM watch out for same signal to execute trades.
I got lucky I think mate. It started to slow so I took profit before I went to bed
Insane in the Brain..
  • #839,428
  • Sep 25, 2024 5:00am Sep 25, 2024 5:00am
13370 doesn’t look like a strong support area at all.. we could lower
Insane in the Brain..
  • #839,429
  • Sep 25, 2024 5:07am Sep 25, 2024 5:07am
Quoting BeeTogether
{quote} I got lucky I think mate. It started to slow so I took profit before I went to bed
Experience inclusive my friend not just luck.
It was highly impressive worthy of emulation.

I wish this move should be a correction to the downside so as to ride on.... Nest 24/48 hours will clear the air.
Market Structure is the King.....
  • #839,430
  • Sep 25, 2024 5:25am Sep 25, 2024 5:25am
Checking situation , 3367 was important sr testing now , next 5hr close compete for level 3339 , low can be 3329. Let continue . But take care , spikes likely arounds 3367 , specially 58.

Special care to take when eurusd approach 1264 limit as above may bull try start possible. , still near 21 pips there to play down !! May breaks that limit though ,
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #839,431
  • Sep 25, 2024 5:59am Sep 25, 2024 5:59am
...buyers met @ a prev minor 1hr sw hi then minor sw lo zone = pot rbs/supp, @ a 3 fib cluster, (shown on 4hr/1hr charts below,) but no sign yet that the intraday character (described in a prev post above,) has changed.

4hr/1hr below
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Trader with an Edge.
  • #839,432
  • Sep 25, 2024 6:28am Sep 25, 2024 6:28am
GBPUSD - Sell

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Together we can be strongest
Vantage Return This Month: na
  • #839,433
  • Sep 25, 2024 6:30am Sep 25, 2024 6:30am
Range is a bit tight last couple of hours. Potentially support at 13350 before a move towards 134
Insane in the Brain..
  • #839,434
  • Sep 25, 2024 6:30am Sep 25, 2024 6:30am
This from forexlivedotcom and could keep Cable buoyed as well

https://www.forexlive.com/news/forex...rday-20240925/
"And we also have EUR/USD holding steadier at around 1.1190, keeping close to large option expiries at 1.1200-10 on the day."
Don't Leave Money on the Table
  • #839,435
  • Sep 25, 2024 6:31am Sep 25, 2024 6:31am
Quoting BeeTogether
13370 doesn’t look like a strong support area at all.. we could lower
Already within my own 1st Support Zone. We may likely see price reaction at this point.
Market Structure is the King.....
  • #839,436
  • Sep 25, 2024 6:32am Sep 25, 2024 6:32am
Quoting BeeTogether
Range is a bit tight last couple of hours. Potentially support at 13350 before a move towards 134
Range? Its 6 straight red hourly candles so far
Emotional Control. Process, not outcome.
  • #839,437
  • Sep 25, 2024 6:43am Sep 25, 2024 6:43am
Long 1.3365
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #839,438
  • Sep 25, 2024 6:53am Sep 25, 2024 6:53am
Quoting Konichiwhaat
{quote} Range? Its 6 straight red hourly candles so far
Yes, 335 is my tp. seemed to take forever to break through at that level when I was long
  • #839,439
  • Sep 25, 2024 6:58am Sep 25, 2024 6:58am
Quoting Konichiwhaat
{quote} Range? Its 6 straight red hourly candles so far
last 2 hours we’ve been between 13360-13380 bounce up n down
Insane in the Brain..
  • #839,440
  • Sep 25, 2024 7:00am Sep 25, 2024 7:00am
Quoting HaLBot
This from forexlivedotcom and could keep Cable buoyed as well https://www.forexlive.com/news/forex...rday-20240925/ "And we also have EUR/USD holding steadier at around 1.1190, keeping close to large option expiries at 1.1200-10 on the day."

Yep large option expiry in play, is it a put or a call
Don't Leave Money on the Table
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