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Cable Update (GBP/USD) without Idiots 24 replies

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Cable Update (GBPUSD)

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
Just a reminder from October 1... especially for the clown traders who have no long term vision!!!

GU bulls are still stubborn at 1.2970s for a simple reason of weekly support, a break will make bears take full control with a crash toward the way lower levels mentioned above
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
G/M, < 30day adr bearish dly candle y/day tested the prev 1hr/4hr/minor dly sw lo zone = prev supp x 1 now = pot supp that extends down to last wk's 2973 lo. So far today, a rise up from there during Asian session, and an early London 1st upside b/o of Asian hi. Asian lo is presently the current dly lo. 4hr.and possibly 1hr (?) in a general downtrend.

1hr below
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Intraday swinger @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
...there is a repeating pattern of 1hr bearish hidden div which may stay valid whilst price below 3033.
Layered pot sbr on 4hr from current dly hi up to circa 3043. There is a next higher t/f (4hr) general downtrend, -but- the last lo was effectively a HL on that t/f!
50% of y/day's drop is @ 3018, 61.8% @ 3027.

4hr below
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Intraday swinger @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting ChiForex
{quote} Just a reminder from October 1... especially for the clown traders who have no long term vision!!! GU bulls are still stubborn at 1.2970s for a simple reason of weekly support, a break will make bears take full control with a crash toward the way lower levels mentioned above
Just a reminder for the clown trader that doesn't understand that 'longer-term' is relative to t/f (s) traded. For eg - for those largely on the 5min and below triggers, 4hr is 'long-term.' Do'h!
Intraday swinger @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
  •  pranith
  • | Joined Jan 2023 | Status: Market shows d way, we just follow | 4 Posts
Quoting Headland
{quote} Just a reminder for the clown traders that don't understand that 'longer-term' is relative to t/f (s) traded. For eg - for those largely on the 5min and below triggers, 4hr is 'long-term.' Do'h!
Hai headland,
Could you shed more light on this
you said if my trigger is 5min or below 4h is my Longterm or Higher time frame chart
what if 15m is my trigger or 1h is my trigger?

TIA
Quoting pranith
{quote} Hai headland, Could you shed more light on this you said if my trigger is 5min or below 4h is my Longterm or Higher time frame chart what if 15m is my trigger or 1h is my trigger? TIA
Hi, if 15min for example was your trigger t/f for entering trades, your next 2 higher t/f's would most advisedly be 1hr then 4hr then dly. If 5min was your trigger t/f then it might be 30min then 2hr then 12hr etc.. So, for instance, if you were entering a trade on your 15min - say a with trend entry after a pullback then you would need to know that at least your next higher t/f (1hr) was actually trending, and preferably 4hr (and even above that) too. Ie you should advisedly increase by a factor of x 4 ideally, not always possible when you want to use t/f's that most market participants are using, so round up or down.
Intraday swinger @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Pretty decent correction so far not expecting a big one as the general trend is down. Maybe the 13015 area was the best area to short from
Insane in the Brain..
after successful breaks limit up , next price target/sr goes to 3031
and eurusd testing 0840 , retest may next for it and limit 0848 , like gu 3011 done

update . preparing for next leg up for targets , gbpusd jest below 3000 and eurusd 0832
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting Pat Chiko
{quote} GU Up down up down, up, down..................... Watch the fib, if it is correction or break of structure confirmation of reversal. Take it easy and wait for confirmation{image} {image}
GU

pull back for "C"
Cash out some
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I come from the future.
Quoting Pat Chiko
GOLD may have come to end of EW3. Will be looking to SHORT next week if good set up present itself on H4.{image}
GOLD

Christmas comes in Oct.
Five Tuesday in Oct
Five Wednesday in Oct
Five Thursday in Oct.
It's called Money bag.
Happened every 11 years.

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I come from the future.
Quoting Pat Chiko
{quote} GU pull back for "C" Cash out some{image}
Hi, ambitious target Pat, Good Luck with it. One of the big players (I forget who,) published an advisory y/day - they were buying Gbpusd @ 3020 for a target in the 3300's.
---------------------------------------------------

...not much change bar one so far failed attempt (visible on lower t/f's,) to get north of the prev 30min sw hi zone = pot res leading to current dly hi.

1hr below
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Intraday swinger @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting Pat Chiko
{quote} GU pull back for "C" Cash out some{image}
Attention should be down on GU not up though many challenges at various Support.

Price may likely not visit your (A) again before breakout to downside. A larger degree wave of 8 hourly have swallowed 4 hourly wave count due to compressed momentum.

Manage your risk accordingly and don't allow the MM swallow your profit.

Good day bro.
Market Structure is the King.....
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...nice sell-off move re that 1hr bearish hidden div. 2 x failed upside b/o's of the Asian hi now (visible on the lower t/f's,) and one failed attempt to get north of the current dly hi. 76.4% of y/day's lo - current dly hi move given back @ the current p/back lo of that move.

1hr below
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Intraday swinger @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
rolling down again..
au ah, gelap !!
Expecting a lower low from this move down to 1.2950 area.
Quoting dude007
Expecting a lower low from this move down to 1.2950 area.
Hi. 2955 is where Dly S1 is @/around, (Dly S2 @/around 2925.) Next Wkly or Mthly calculated pivot is 2913, which is where Wkly S2 is @/around.
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Gmt+3hrs 4hr candle just closed as below.

4hr, then Downside fibs below
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Intraday swinger @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Hope the speech of Andrew Bailey (BOE Gov) will not change the drop?
...can the bulls stage a fight back -or- will the bearish overall tone continue? Time will tell. (Zebi - this question is rhetorical - it doesn't necessarily mean I'm a bull, or indeed a bear!)
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Intraday swinger @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
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