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Cable Update (GBPUSD)

  • #839,781
  • Sep 27, 2024 5:41am Sep 27, 2024 5:41am
Quoting Abeylyn
{quote} This analysis is very timely. Great thanks to you. The target Fib ext 4 - 5 is located precisely at what point ? 1.3460 on my chart which seems doubtful.
No not 3460 necessarilly, the 30min bullish full exp tri is posted here, you can see the 4-5 move so the target, (if you hold for it,) from a pt 5 long, is a fib extension of move 4-5, - the choice of which fib ext is yours. So your long target is anywhere above point 4. Read the pdf on my profile via 'files' there.

30min below
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Trader with an Edge.
  • #839,782
  • Sep 27, 2024 5:48am Sep 27, 2024 5:48am
Quoting Headland
{quote} No not 3460 necessarilly, the 30min bullish full exp tri is posted here, you can see the 4-5 move so the target, (if you hold for it,) from a pt 5 long, is a fib extension of move 4-5, - the choice of which fib ext is yours. So your long target is anywhere above point 4. Read the pdf on my profile via 'files' there. 30min below {image}
Right.
Thank you
Market Structure is the King.....
  • #839,783
  • Sep 27, 2024 5:54am Sep 27, 2024 5:54am
3350 would be a decent bearish target from around here
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Compulsions can be hard to resist
  • #839,784
  • Sep 27, 2024 5:55am Sep 27, 2024 5:55am
Quoting Yngwie
Long 1.3366
Closed 30p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #839,785
  • Sep 27, 2024 5:59am Sep 27, 2024 5:59am
On H1 trend flat, green-red,but i wouldnt take long 1.33500 H1 must have,better 33300,from here long possible,if look H1.For a moment unclear.if look h4,only correction,from here long not possible.h4 133300 or 1.33,long possible.
  • #839,786
  • Sep 27, 2024 6:17am Sep 27, 2024 6:17am
Hovering just around 13390 no push to 134 if it does push through we could see a higher push. However any rejection and if NYO helps we could see the floor too. Sort of in the middle at the moment
Insane in the Brain..
  • #839,787
  • Sep 27, 2024 6:45am Sep 27, 2024 6:45am
Quoting BeeTogether
Hovering just around 13390 no push to 134 if it does push through we could see a higher push. However any rejection and if NYO helps we could see the floor too. Sort of in the middle at the moment
I am hoping that today being a one-way traffic day, NY will send this down. I pray
  • #839,788
  • Sep 27, 2024 6:53am Sep 27, 2024 6:53am
Quoting Mitiblotch
{quote} I am hoping that today being a one-way traffic day, NY will send this down. I pray

No way Miti, prepare for 1.3500
Don't Leave Money on the Table
  • #839,789
  • Sep 27, 2024 6:53am Sep 27, 2024 6:53am
Sold 1.3395 SL 1.3420 TP 1.3315
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #839,790
  • Sep 27, 2024 6:55am Sep 27, 2024 6:55am
Quoting HaLBot
{quote} No way Miti, prepare for 1.3500
Oh dear! That's not good news for bear. You might be right because price is closer to the top than bottom. Let price do what it wants. I'm also happy that price has done this up move because it means that October will be simple, as I can target the monthly pivot below for some quick bucks. After that, I don't know what else.
  • #839,791
  • Sep 27, 2024 7:01am Sep 27, 2024 7:01am
Quoting Mitiblotch
{quote} Oh dear! That's not good news for bear. You might be right because price is closer to the top than bottom. Let price do what it wants. I'm also happy that price has done this up move because it means that October will be simple, as I can target the monthly pivot below for some quick bucks. After that, I don't know what else.

Only kidding Miti, I have no idea which way Cable will go in half an hour.....
Attached Image (click to enlarge)
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Don't Leave Money on the Table
  • #839,792
  • Sep 27, 2024 7:15am Sep 27, 2024 7:15am
on btc arrow on weekly 9 sept on 53000 was up.it means that btc goes to upper- 70000
GU on weekly two levels 1.3233-and 1.36100.All is possible. on weekly sometimes it goes to second,sometimes only first.critical level- 1.32300.i look weekly history-down always goes to second down, upper- sometimes-it goes to second level.
  • #839,793
  • Sep 27, 2024 7:28am Sep 27, 2024 7:28am
Quoting HaLBot
I've had a buy on from 1.3370, will close @ 3385 if it gets there....
Nice entry and exit, well done!
while the objective is profit, the job description is risk management
  • #839,794
  • Sep 27, 2024 7:34am Sep 27, 2024 7:34am
Cruel market! Building foundation of short setup below 1.34, dragging sellers into the market, kicking buyers out of the room, and spike up when data releases.
With courage, patience, and discipline, success is a matter of time.
  • #839,795
  • Sep 27, 2024 7:35am Sep 27, 2024 7:35am
Data was mainly red , we could have a move up to yesterdays high
Insane in the Brain..
  • #839,796
  • Sep 27, 2024 7:37am Sep 27, 2024 7:37am
GBPUSD

H1 is correcting upwards to 3412-27 before continuing the third leg of the D1 correction to the downside

Not trading cable at the moment as chart says buy but the larger corrective wave down is not the type i look at for a continuation higher.
Follow The Markets Structure - Patience and Discipline
  • #839,797
  • Sep 27, 2024 7:44am Sep 27, 2024 7:44am
Attached Image (click to enlarge)
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  • #839,798
  • Sep 27, 2024 7:44am Sep 27, 2024 7:44am
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yes yes yes
  • #839,799
  • Sep 27, 2024 7:45am Sep 27, 2024 7:45am
Quoting Yngwie
Sold 1.3395 SL 1.3420 TP 1.3315
Hit BE. Poor USD Core PCE Price Index m/m result
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #839,800
  • Sep 27, 2024 7:54am Sep 27, 2024 7:54am
Quoting pipfarm
GBPUSD H1 is correcting upwards to 3412-27 before continuing the third leg of the D1 correction to the downside Not trading cable at the moment as chart says buy but the larger corrective wave down is not the type i look at for a continuation higher.
I missed your analysis yesterday.

Good day friend.
Market Structure is the King.....
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