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Cable Update (GBPUSD)

  • #841,861
  • Oct 15, 2024 2:27am Oct 15, 2024 2:27am
...

1hr below
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Trader with an Edge.
  • #841,862
  • Oct 15, 2024 2:27am Oct 15, 2024 2:27am
Bugger Cable took out my TP


Now will have to buy in again.......somewhere??
Don't Leave Money on the Table
  • #841,863
  • Oct 15, 2024 2:28am Oct 15, 2024 2:28am
yes yes yes
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yes yes yes
  • #841,864
  • Oct 15, 2024 2:35am Oct 15, 2024 2:35am
If market would like to drop lower, it need liquidity. Until now, I don't see any major liquidity sweep yet. Market since CPI have had hard time to break the any swing high on the upside. I think only LQ swept can build a setup for me.
With courage, patience, and discipline, success is a matter of time.
  • #841,865
  • Oct 15, 2024 2:36am Oct 15, 2024 2:36am
Get ready for 1.314, then possibly 1.32
  • #841,866
  • Oct 15, 2024 2:36am Oct 15, 2024 2:36am
...fib clusters to the upside, 3089-96 - a 3 fib cluster with Dly R2 @/around 3096, -then- 3111-14-17 - a 5 fib cluster where 4 of them are 3111-14.
Dly R1 is @/around 3078.

1hr below
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Trader with an Edge.
  • #841,867
  • Oct 15, 2024 2:37am Oct 15, 2024 2:37am
[quote=BeeTogether;15028798]{quote} seems very rangy indeed. 13050 seems to be the magnet for both bulls and bears with nothing to indicate a real break out. With the UK data being green maybe during LO we might see a move up towards the highs of yesterday before a move down? Also US data tomorrow might be the catalyst for a breakout[/quote

It's already set to breakout to either direction. Range cannot continue because we just completed a triangular formation. Except there would be double triangle. In that case, we have to hang on a little more .....
Market Structure is the King.....
  • #841,868
  • Oct 15, 2024 2:53am Oct 15, 2024 2:53am
...there'll be some retail buy stops above Asian hi/current dly hi - which was a 1st test on and rejection of y/day's hi/current wkly hi - and above that will be further buy stops and maybe some sell limits? Last week's hi is @ 3134.

1hr below
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Trader with an Edge.
  • #841,869
  • Oct 15, 2024 2:55am Oct 15, 2024 2:55am
Quoting palpite
GBPUSD - Buy {image}
closed + 63,5 pips

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Together we can be strongest
Vantage Return This Month: na
  • #841,870
  • Oct 15, 2024 3:01am Oct 15, 2024 3:01am
USDGBP Chart (GU Reversed Chart) shows swing failure and violate the channel. If it really a swing failure, GBPUSD might skyrocket to upside. Finally the time has come and the wait might be over. I'm focusing on looking for high probability setup right now.
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With courage, patience, and discipline, success is a matter of time.
  • #841,871
  • Oct 15, 2024 3:09am Oct 15, 2024 3:09am
for 30 pips
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yes yes yes
  • #841,872
  • Oct 15, 2024 3:11am Oct 15, 2024 3:11am
...new current wkly hi. Fri's hi is 3083. Nice move. Price has reached Dly R1 in that prev 1hr/4hr sw hi zone = pot res that extends up to Fri's 3083 hi.
49% 30day adr traveled so far today.

1hr below
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Trader with an Edge.
  • #841,873
  • Oct 15, 2024 3:25am Oct 15, 2024 3:25am
Sold 1.3076
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #841,874
  • Oct 15, 2024 3:26am Oct 15, 2024 3:26am
...we'll see how the 4hr candle (on gmt+3 price feed) closes @ the top of this hour. In a post above, I was bemoaning the lack of a sustained move in this range, either way, - of course that is what characterizes a range lol! Can the bulls build on this move up? Plenty of potential res on the way up to last wk's 3134 hi. Still rangy on 1hr, 2hr, and 4hr presently.

4hr below
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Trader with an Edge.
  • #841,875
  • Oct 15, 2024 3:28am Oct 15, 2024 3:28am
Quoting Yngwie
Sold 1.3076
don't sell this
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yes yes yes
  • #841,876
  • Edited 3:43am Oct 15, 2024 3:28am | Edited 3:43am
perfect , the bounce target now is 3094 signal but may not breaks it and hold . breaks and back 3100 ok though. . bottom test still very possible logically as it tested tl 3023 3 times at very close distances , 4rth also possible to have a good shakeout to bear or bull any ! , may happen next US high impact news .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #841,877
  • Oct 15, 2024 3:33am Oct 15, 2024 3:33am
Quoting Abeylyn
{quote} Give evidence to validate the fall to 1.2820 is compulsory ? I need to learn from your perspective. What are you viewing, weekly/monthly chart.... Pivot... SMA ... ? Thanks.
Simple to read my signature description...to know what I'm viewing.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #841,878
  • Oct 15, 2024 3:50am Oct 15, 2024 3:50am
Quoting fontu
perfect , the bounce target now is 3094 signal but may not breaks it and hold . breaks and back 3100 ok though. . bottom test still very possible logically as it tested tl 3023 3 times at very close distances , 4rth also possible to have a good shakeout to bear or bull any ! , may happen next US high impact news . {image}
I don’t think there is a big US data release till tomorrow so we may have one day to milk the longish vibes
Insane in the Brain..
  • #841,879
  • Oct 15, 2024 3:51am Oct 15, 2024 3:51am
Quoting Yngwie
Sold 1.3076
closed BE
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #841,880
  • Oct 15, 2024 3:54am Oct 15, 2024 3:54am
Yes yes yes
Go go go
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yes yes yes
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