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Cable Update (GBPUSD)

  • #842,941
  • Oct 23, 2024 2:40am Oct 23, 2024 2:40am
Quoting Headland
{quote} Hi. Challenging pot 1hr sbr and pot 1hr/4hr sbr now re Asian lo. Frankly some ranginess would be a result for any longer-term bulls right now? Good luck with your trades. 1hr below {image}

All good Headland, dxy now coming of it's highs....just hope it lasts


Didn't last


Euro really hasn't finished it cycle of selling but it's close, I just got in a bit early
Don't Leave Money on the Table
  • #842,942
  • Oct 23, 2024 2:45am Oct 23, 2024 2:45am
Longed gbpusd likely to head over 1.3000
  • #842,943
  • Oct 23, 2024 2:52am Oct 23, 2024 2:52am
Quoting dude007
Longed gbpusd likely to head over 1.3000
if it does it won’t be much over unless we see areas such as 13020-50
Insane in the Brain..
  • #842,944
  • Oct 23, 2024 2:54am Oct 23, 2024 2:54am
Quoting BeeTogether
{quote} if it does it won’t be much over unless we see areas such as 13020-50
Hi. yeh - any upside will be in the shadow of that last 1hr bearish thrust engulfing x 13 close. Bulls are certainly 'up against it.' We'll see. Anything can happen.

10/20/40 ema crosses graphic below
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Trader with an Edge.
  • #842,945
  • Oct 23, 2024 3:12am Oct 23, 2024 3:12am
Long GU at 1.2965. TP 1.2990
Observation is the path to discovery.
  • #842,946
  • Oct 23, 2024 3:14am Oct 23, 2024 3:14am
i opened a sell position from 1.2966 TP= 1.2870 ..who agree with me ?
  • #842,947
  • Oct 23, 2024 3:15am Oct 23, 2024 3:15am
...bulls 'fell @ 1st hurdle' there - ie 1st attempt to get north of the pot 1hr sbr and pot 1hr/4hr sbr re Asian lo, from below it, was rebuffed. Will be interested to see how the gmt+3hrs price feed 4hr closes @ top of this hour.

1hr below
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Trader with an Edge.
  • #842,948
  • Oct 23, 2024 3:17am Oct 23, 2024 3:17am
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E. and BP. 5' --- I will close my shorts in both very SOON. The divergence is provocative..... BP won't make a new low today.

perhaps later on

  • #842,949
  • Oct 23, 2024 3:27am Oct 23, 2024 3:27am
...interestingly there is some wkly bullish hidden div @ current wkly lo, but this could stay valid on a deeper drop and whilst above 2665. Intersttingly too (or not,) price has now touched the bottom of a 4hr falling wedge 3 times now. 107% of 6mth amr has been traveled so far this mth.

4hr below
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Trader with an Edge.
  • #842,950
  • Oct 23, 2024 3:40am Oct 23, 2024 3:40am
Quoting hamedsna
The dollar index has a inverted h&s in the 30-minute time frame and the price is exactly on the neck line. If this causes the price to stabilize above 103.55 today, the target index will be 104.4.
near first target
  • #842,951
  • Oct 23, 2024 3:42am Oct 23, 2024 3:42am
Quoting HaLBot
{quote} All good Headland, dxy now coming of it's highs....just hope it lasts Didn't last Euro really hasn't finished it cycle of selling but it's close, I just got in a bit early

Just one hour too soon but all good, cable above 2985 be a good thing....
Don't Leave Money on the Table
  • #842,952
  • Oct 23, 2024 3:45am Oct 23, 2024 3:45am
Quoting hamedsna
will sell above 1.311 sl 1.314 mid term targets 1.288 and 1.27 {image}
i short every spike till targets
  • #842,953
  • Oct 23, 2024 3:57am Oct 23, 2024 3:57am
Copping some wild weather in Melbourne tonight....
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Don't Leave Money on the Table
  • #842,954
  • Oct 23, 2024 3:58am Oct 23, 2024 3:58am
Quoting Moty
For 15 pips {image}
Ty mister gu
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yes yes yes
  • #842,955
  • Oct 23, 2024 3:59am Oct 23, 2024 3:59am
All out at 2985....


Had to add some to cover first buy but didn't think Cable would drop much as DXY in overbought region
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Don't Leave Money on the Table
  • #842,956
  • Oct 23, 2024 4:01am Oct 23, 2024 4:01am
Quoting HaLBot
{quote} Just one hour too soon but all good, cable above 2985 be a good thing....
Yeh, 2nd time of trying from very slightly lower after the drop down from the 1st time, it went upside thru that 1hr and 1hr/4hr pot sbr, and another on 1hr...reaching 76.4% of the fall from Asian hi/current dly hi to current dly lo move. 1hr closes as a bullish engulf now, but bit rangy on that t/f now. 1st downside b/o of Asian lo was false.

1hr below
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Trader with an Edge.
  • #842,957
  • Oct 23, 2024 4:09am Oct 23, 2024 4:09am
Ty mister goldi
Now waiting for the next signal
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yes yes yes
  • #842,958
  • Oct 23, 2024 4:23am Oct 23, 2024 4:23am
Yesterday's drop to 1.2945 has exhausted the bears. Hence price action would need to test atleast 1.3015 in order to trigger another significant sell off imo.
  • #842,959
  • Oct 23, 2024 4:28am Oct 23, 2024 4:28am
...we will see a 2nd LL (after 2 x LH's) on dly when it prints fractally now, either @ the current wkly/mthly lo, or lower. The prev minor sw hi zone = pot res leading to 3071 is the 1st pot res on this t/f right now.

By the way that last 4hr close I was watching turned out to be a hanging-man type candle, 30+ mins ago.

Dly, then 4hr below
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Trader with an Edge.
  • #842,960
  • Oct 23, 2024 4:33am Oct 23, 2024 4:33am
Quoting Headland
...we will see a 2nd LL (after 2 x LH's) on dly when it prints fractally now, either @ the current wkly/mthly lo, or lower. The prev minor sw hi zone = pot res leading to 3071 is the 1st pot res on this t/f right now. By the way that last 4hr close I was watching turned out to be a hanging-man type candle. Dly, then 4hr below {image} {image}
now 3071 would be a great place to dump from! As we are seeming to creep to 130 we might get lucky get 13010-20 again no major data so it’s pretty much technical
Insane in the Brain..
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