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Cable Update (GBPUSD)

  • #840,181
  • Edited 11:37am Oct 1, 2024 10:10am | Edited 11:37am
...on the wkly t/f price has entered 2 x pot rbs zones on that t/f (other lower t/f's re these were already breached, ie hollow now on those charts, if they are still on.) The wkly's stayed intact. One started @ 3298 (from Marcgh 2022) and the more recent one @ 3266.

wkly below
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Trader with an Edge.
  • #840,182
  • Oct 1, 2024 10:11am Oct 1, 2024 10:11am
Quoting Mitiblotch
{quote} Let's get into October sir. You'll find out soon enough what we are seeing.
Hehe... today is October 1 and the prophecy got fulfilled! We indeed saw it from a distance.
  • #840,183
  • Oct 1, 2024 10:11am Oct 1, 2024 10:11am
Quoting navk
price likely to bounce up from 3245
Until it bounces. Identifying those point earlier can lead to impatient.
Market Structure is the King.....
  • #840,184
  • Oct 1, 2024 10:13am Oct 1, 2024 10:13am
Quoting Abeylyn
{quote} Until it bounces. Identifying those point earlier can lead to impatient.
i have identified it.
Intraday only.
  • #840,185
  • Oct 1, 2024 10:14am Oct 1, 2024 10:14am
3247 also done , next what , waiting breaks breaks up 3264 if correction up next !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,186
  • Oct 1, 2024 10:23am Oct 1, 2024 10:23am
Quoting ChiForex
We have an initial move to 1.3300 followed by a fall to 1.3140s in GU and toward 1.1030s with possible fall to 1.0850-70s in EU.
A break of 1.3140s can be followed by a fall toward 1.2830s and 1.2670s for this month for GU.
For EU, a break of 1.1030s will make it fall to 1.0850-70s, and there further weakness can target 1.0540s the ultimate goal for bears.

***I don't see any upside movement.

Watch out all
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #840,187
  • Oct 1, 2024 10:26am Oct 1, 2024 10:26am
gbp weak, usd strong= short on cable
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  • #840,188
  • Oct 1, 2024 10:32am Oct 1, 2024 10:32am
Great opportunity to buy
imo.


Stay safe if you are Iranian
  • #840,189
  • Edited 10:57am Oct 1, 2024 10:38am | Edited 10:57am
Quoting ChiForex
{quote} A break of 1.3140s can be followed by a fall toward 1.2830s and 1.2670s for this month for GU. For EU, a break of 1.1030s will make it fall to 1.0850-70s, and there further weakness can target 1.0540s the ultimate goal for bears. ***I don't see any upside movement. Watch out all
Only a correction for another bullish quarter
1.375 is the main target.


the map:
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  • #840,190
  • Oct 1, 2024 10:56am Oct 1, 2024 10:56am
Looks like we went over the ADR today on GU and EU


REMINDER to currency pairs " you are not supposed to go over your ADR otherwise you screw some traders plans up"
Follow The Markets Structure - Patience and Discipline
  • #840,191
  • Oct 1, 2024 11:06am Oct 1, 2024 11:06am
Short TP 13200 for tomorrow
Insane in the Brain..
  • #840,192
  • Oct 1, 2024 11:10am Oct 1, 2024 11:10am
Quoting BeeTogether
Short TP 13200 for tomorrow
Avoid it.. wait for LO tomorrow to see where we will start
  • #840,193
  • Oct 1, 2024 11:18am Oct 1, 2024 11:18am
Quoting Whale
{quote} Avoid it.. wait for LO tomorrow to see where we will start
fair enough… I bloody got in at 13250 lol. But yeah have 13320 as SL
Insane in the Brain..
  • #840,194
  • Oct 1, 2024 11:19am Oct 1, 2024 11:19am
Testing tl , correct try up possible !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,195
  • Oct 1, 2024 11:19am Oct 1, 2024 11:19am
Quoting BeeTogether
{quote} fair enough… I bloody got in at 13250 lol. But yeah have 13320 as SL
long term is up.. i waited for kind of correction.
could be wrong, let's see if 4h will fight back and stay bullish.
  • #840,196
  • Oct 1, 2024 11:23am Oct 1, 2024 11:23am
Quoting Whale
{quote} long term is up.. i wait for kind of correction. could be wrong, let's see if 4h will fight back and stay bullish.
a lot depending on where we close. Might bail out should we get back below 13260
Insane in the Brain..
  • #840,197
  • Oct 1, 2024 11:26am Oct 1, 2024 11:26am
i would be a [email protected]
"The Rich Never Pay Retail"
  • #840,198
  • Oct 1, 2024 11:28am Oct 1, 2024 11:28am
Went short here again at 3281 (It's better to wait higher). TP anywhere below today's low. The only case for this trade is my expectation that London must get a taste of the low before the anticipated rise to 1.4000. However, now that Iran has directly launched over 102 missile against Israel, If a full scale war breaks out with some other parties involved maybe I can even get sub 3200
  • #840,199
  • Oct 1, 2024 11:33am Oct 1, 2024 11:33am
Quoting Mitiblotch
Went short here again at 3281 (It's better to wait higher). TP anywhere below today's low. The only case for this trade is my expectation that London must get a taste of the low before the anticipated rise to 1.4000. However, now that Iran has directly launched over 102 missile against Israel, If a full scale war breaks out with some other parties involved maybe I can even get sub 3200
not necessarily low to be tested, but yeah... in tokyo / frankfurt, the price will fall.

To me.
Intraday only.
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SublimeSear