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Cable Update (GBPUSD)

  • #843,181
  • Oct 25, 2024 3:04am Oct 25, 2024 3:04am
Buy 1.2971 sl 1.2961
  • #843,182
  • Edited 3:22am Oct 25, 2024 3:10am | Edited 3:22am
if look 4h it cant drop,correction should be.maybe 1.30420.on h1,it tried to reverse on up in the night.now like flat,but now 1h red,in the night,it tried to change to uptrend.Heavy trend 4 H down,but local trend up(small) last time such a trend was 17 october. It can be 12930-500,but local trend H4 up.
  • #843,183
  • Oct 25, 2024 3:27am Oct 25, 2024 3:27am
Had a buy activated on Eur/usd chart that I forgot about, oh well I'll take it, it's a good day

Euro bounces of key swing area that bulls are taking advantage of that'll help help Cable buyers as well. The rally in the US dollar has been driven by a rise in 10 yr bond yields(from forexlivedotcom) and not by some election shenanigans(me added).....
Hope this buying of the euro continues and I don't have to close with a loss
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Don't Leave Money on the Table
  • #843,184
  • Oct 25, 2024 3:32am Oct 25, 2024 3:32am
Perfect 2978 test , waiting waiting signal 2975 and 67 if down leg starts ! Confirmation ,2956 for below 2948 , may 2925 ! May test up 2983 , sl may work 89 .Take care


Earliest signal 2975 broken , good signal need to proceed at 2967
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #843,185
  • Oct 25, 2024 3:32am Oct 25, 2024 3:32am
Quoting Headland
...2nd attempt to get north of the prev 1hr sw hi zone = prev res x 1 = pot res that extends up to Asian/current dly hi meets sellers again....dropping to pot 1hr rbs 1hr below {image}
Price met buyers @ that 1hr pot rbs zone, and the rise from there makes a new current dly hi...price challenging bottom of that prev 1hr/4hr sw hi zone = pot res that extends up to y/day's 2988 hi, @ said current dly hi now.

1hr, then 10/20/40 ema crosses graphic below.
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Trader with an Edge.
  • #843,186
  • Oct 25, 2024 3:35am Oct 25, 2024 3:35am
Long at : 1.2978
SL : 1.2960
TP : 1.3010
--------------------
  • #843,187
  • Edited 4:01am Oct 25, 2024 3:50am | Edited 4:01am
...bullish engulfing candles on this pairing on the dly t/f (like y/day's) have a far higher than 50% probability of seeing a 'meaningful' upside follow-thru, even if there is a p/back to within the body of the candle 1st, (based on a multi-year historical empirical sample to date.) Will y/day's be part of the greater probability or not? 2988 is y/day's hi.

On the flip side, there are (different) repeating patterns of bearish hidden div in my 2 x osc's on both 2hr and 4hr, which may stay good so long as price below 2995.

There have been 2 x false downside b/o's of last week's 2973 lo so far this week. Y/day's lo is above current wkly lo, but today's Asian hi is below y/day's hi. 1 x false downside b/o of Asian lo, and 1 x false upside b/o of Asian hi, so far today.
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Trader with an Edge.
  • #843,188
  • Oct 25, 2024 3:56am Oct 25, 2024 3:56am
1 H red green trend i think this is reverse.This is heavy trend 1h.
4h local shows up from morning 24 oct,but it looks like flat,trend stays .
  • #843,189
  • Oct 25, 2024 4:03am Oct 25, 2024 4:03am
Quoting Fix-it
I have taken long from 1.2969 , because because for past 3hrs it did not close below 21 moving average. TP 1.30 its about 30 PIPs
I am still in it changed mt TP to 1.3030.
  • #843,190
  • Oct 25, 2024 4:05am Oct 25, 2024 4:05am
last couple of hours in points compared to last 20 days.
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  • #843,191
  • Oct 25, 2024 4:13am Oct 25, 2024 4:13am
...pretty immediate upside follow-thru on the last gmt+2hrs price feed 4hr close 13mins ago...deeper into the prev 1hr/minor 4hr sw hi zone = pot res that leads up to y/day's 2988 hi.

4hr below
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Trader with an Edge.
  • #843,192
  • Oct 25, 2024 4:13am Oct 25, 2024 4:13am
Quoting HaLBot
Had a buy activated on Eur/usd chart that I forgot about, oh well I'll take it, it's a good day Euro bounces of key swing area that bulls are taking advantage of that'll help help Cable buyers as well. The rally in the US dollar has been driven by a rise in 10 yr bond yields(from forexlivedotcom) and not by some election shenanigans(me added)..... Hope this buying of the euro continues and I don't have to close with a loss {image} {image}

As per usual Euro kicking me in the goolies
I've added at 1.0823 because I have a line there so must relate to something

Cable looking strong, we could see 1.3000
Don't Leave Money on the Table
  • #843,193
  • Oct 25, 2024 4:19am Oct 25, 2024 4:19am
GBPUSD LONG
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My telegram: https://t.me/avidforex
  • #843,194
  • Oct 25, 2024 4:20am Oct 25, 2024 4:20am
If it finish above 1.2990 by end of the hr.
  • #843,195
  • Oct 25, 2024 4:27am Oct 25, 2024 4:27am
...which divergence will win re Weds's lo and Y/day's hi? The regular bullish div (double on the histo osc,) -or- the bearish hidden div?

4hr below
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Trader with an Edge.
  • #843,196
  • Oct 25, 2024 4:33am Oct 25, 2024 4:33am
Quoting Headland
...which divergence will win re y/day's lo and hi? The regular bullish div (double on the histo osc,) -or- the bearish hidden div? 4hr below {image}
Ladies and Gentlemen place your bets


I'm leaning towards bullish as I believe bulls want to see 1.3000 and bears like a higher price to sell from
Don't Leave Money on the Table
  • #843,197
  • Oct 25, 2024 4:36am Oct 25, 2024 4:36am
Quoting Headland
...which divergence will win re Weds's lo and Y/day's hi? The regular bullish div (double on the histo osc,) -or- the bearish hidden div? 4hr below {image}
h1 also bearish regular div
  • #843,198
  • Oct 25, 2024 4:38am Oct 25, 2024 4:38am
Quoting Whale
{quote} h1 also bearish regular div
Hi. I don't have that yet as pt 2 is not = to or higher than pt 1.

1hr below
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Trader with an Edge.
  • #843,199
  • Oct 25, 2024 4:42am Oct 25, 2024 4:42am
From my own technical perspective, market has fallen into a Range which has already been captured by Headland.

Therefore, need to apply caution because Buying or Selling at a wrong price is a trap.

This situation can be managed accordingly based on various trading strategies.

Let's apply caution and play safe

Have a nice pipping day friends and buddies.
Market Structure is the King.....
  • #843,200
  • Oct 25, 2024 4:49am Oct 25, 2024 4:49am
Quoting Headland
{quote} Hi. I don't have that yet as pt 2 is not = to or higher than pt 1. 1hr below {image}
rsi
maybe its not a div for your eyes though
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