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Cable Update (GBPUSD)

  • #840,441
  • Oct 3, 2024 1:23am Oct 3, 2024 1:23am
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
Not quoting this for u folks to thank me for free money but to also remind u of the support nearby current market price and what would happen if it breaks..etc Also watch EU that already broke it down to...

Trade safe
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #840,442
  • Oct 3, 2024 1:29am Oct 3, 2024 1:29am
EU div on H1
  • #840,443
  • Oct 3, 2024 1:36am Oct 3, 2024 1:36am
Quoting BeeTogether
{quote} could be on to something.. will be careful with my long

BOE Bailey hinted at more aggressive rate cuts sending cable down 80 pips
Don't Leave Money on the Table
  • #840,444
  • Oct 3, 2024 1:43am Oct 3, 2024 1:43am
Quoting HaLBot
{quote} BOE Bailey hinted at more aggressive rate cuts sending cable down 80 pips
which contradicts some other chap in BoE lol. As a mortgage holder I would welcome an aggressive reduction lol means if i pop it my wife can pay it without too much problem.
Insane in the Brain..
  • #840,445
  • Oct 3, 2024 1:48am Oct 3, 2024 1:48am
We are currently operating at 8 hourly chart demand zone where some traders will go long GU. For now, there is no structure to support entry to any direction and the foot print of MM is supporting the Sellers.

Above alone, a signal of a deep correction has been sited.

Best is to look for an opportunity to Sell and hold on until touch of daily support.

Happy trading friends and buddies.
Market Structure is the King.....
  • #840,446
  • Oct 3, 2024 1:49am Oct 3, 2024 1:49am
Quoting ChiForex
{quote} Not quoting this for u folks to thank me for free money but to also remind u of the support nearby current market price and what would happen if it breaks..etc Also watch EU that already broke it down to... Trade safe
126Xx would be great but unless we see WW3 I can’t see it going that low just on technicals and data.
Insane in the Brain..
  • #840,447
  • Oct 3, 2024 1:50am Oct 3, 2024 1:50am
Great opportunity to the price back to where the mother candle started.


intraday scalp
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  • #840,448
  • Oct 3, 2024 1:53am Oct 3, 2024 1:53am
Quoting Mitiblotch
{quote} Bee, that low of yesterday will get taken out. This thing will never go for a good up move without London tasting blood at that low which they did not partake in yesterday. Buying might be futile until that happens.
You don't need charts for this kind of prediction. It's lessons gleaned from fiery observation since 2017. Even if the charts said buy, I would never have bought until London tasted below that 3237 low set by NewYork and Asia a few days ago. My pocket is full of profit and I am smiling.
  • #840,449
  • Oct 3, 2024 1:55am Oct 3, 2024 1:55am
[quote=Whale;15018159]Great opportunity to the price back to where the mother candle started. intraday scalp {image}[/quote

Yeah! Great but with a very good risk management.

Some guys here are very good at buying around this zone
Market Structure is the King.....
  • #840,450
  • Oct 3, 2024 1:57am Oct 3, 2024 1:57am
Quoting Mitiblotch
{quote} You don't need charts for this kind of prediction. It's lessons gleaned from fiery observation since 2017. Even if the charts said buy, I would never have bought until London tasted below that 3237 low set by NewYork and Asia a few days ago. My pocket is full of profit and I am smiling.
if NY create a low London will test it, i can find tones of examples that show that there is no correlation between the cases
  • #840,451
  • Oct 3, 2024 1:58am Oct 3, 2024 1:58am
lemme sell this one
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  • #840,452
  • Oct 3, 2024 2:00am Oct 3, 2024 2:00am
Quoting Whale
{quote} if NY create a low London will test it, i can find tones of examples that show that there is no correlation between the cases
You might give a bit more explanation so I can understand what you mean.
  • #840,453
  • Oct 3, 2024 2:01am Oct 3, 2024 2:01am
Quoting Mitiblotch
{quote} You don't need charts for this kind of prediction. It's lessons gleaned from fiery observation since 2017. Even if the charts said buy, I would never have bought until London tasted below that 3237 low set by NewYork and Asia a few days ago. My pocket is full of profit and I am smiling.
The technicals also show the direction to Short. Already, price has touched daily chart Elliot wave 5 and there is the need for a deep correction. Besides, internal structure from the top also show the sign.

It's all about movement within a cycle and news will always come up to validate. At the end of deep correction, price will bounce up again....

Technically, that's what happens all the time.
Market Structure is the King.....
  • #840,454
  • Oct 3, 2024 2:01am Oct 3, 2024 2:01am
Quoting Mitiblotch
{quote} You might give a bit more explanation so I can understand what you mean.
so do i.. confius.
  • #840,455
  • Oct 3, 2024 2:03am Oct 3, 2024 2:03am
Closed last sell here at 3169 in 112 pips profit.
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Now went long here at 61.8% fib ret of the last move up here at 3170. Another reason is this area is weekly support 2. This is just a scalp. Don't try at home. I will quickly cut if 3140 breaks. Already made almost 3k this morning so don't mind losing 600 quid.
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  • #840,456
  • Oct 3, 2024 2:03am Oct 3, 2024 2:03am
Quoting ChiForex
{quote} Not quoting this for u folks to thank me for free money but to also remind u of the support nearby current market price and what would happen if it breaks..etc Also watch EU that already broke it down to... Trade safe
Oh great one what would we do without your imminent knowledge, please tell us more....
  • #840,457
  • Oct 3, 2024 2:03am Oct 3, 2024 2:03am
Quoting Whale
Great opportunity to the price back to where the mother candle started. intraday scalp {image}
sl hit.

bears running the game .
  • #840,458
  • Oct 3, 2024 2:04am Oct 3, 2024 2:04am
Quoting Mitiblotch
{quote} You don't need charts for this kind of prediction. It's lessons gleaned from fiery observation since 2017. Even if the charts said buy, I would never have bought until London tasted below that 3237 low set by NewYork and Asia a few days ago. My pocket is full of profit and I am smiling.
Congratulations buddy. Enjoy your loot
Market Structure is the King.....
  • #840,459
  • Oct 3, 2024 2:04am Oct 3, 2024 2:04am
Quoting Mitiblotch
{quote} You might give a bit more explanation so I can understand what you mean.
I said what you said

i dont have these kind of observations
  • #840,460
  • Oct 3, 2024 2:04am Oct 3, 2024 2:04am
that giant sh*it bear candle is more enough for me telling momentum still want down..
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