Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#843,401
Oct 28, 2024 5:17am Oct 28, 2024 5:17am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,414 Posts

Quoting HaLBot

Disliked

{quote} You mean 3094 or 2904

Ignored

Sorry. Next target 2994 .

Not understand?better not follow my analyses!doubt clearer first, risks ++

#843,402
Oct 28, 2024 5:20am Oct 28, 2024 5:20am

pipfarm
Joined Oct 2010 | Status: Trader | 4,465 Posts

Quoting Chancy

Disliked

{quote} Something like this {image}

Ignored

Extremely rare pattern but never say never, ultimately after a correction whatever the pattern price should trend down on the swings on 1H or 4H bars so does not matter what shape the retracement takes.

The important thing is to identify when price is in a corrective phase and then coming out of it

Follow The Markets Structure - Patience and Discipline

#843,403
Oct 28, 2024 5:22am Oct 28, 2024 5:22am

anyifx
| Joined Jul 2023 | Status: Trader | 3 Posts

Here's my reaction on GBPUSD.

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#843,404
Oct 28, 2024 5:29am Oct 28, 2024 5:29am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,050 Posts | Online Now

Quoting fontu

Disliked

{quote} Sorry. Next target 2994 .

Ignored

might be a good area to short from unless we break above 130

Insane in the Brain..

#843,405
Oct 28, 2024 5:35am Oct 28, 2024 5:35am

jjoohhnnyy13
| Joined Oct 2019 | Status: Trader | 130 Posts

Guys...
do you read news???

Always follow your own shit

#843,406
Oct 28, 2024 5:45am Oct 28, 2024 5:45am

Yngwie
Joined Aug 2008 | Status: Trader | 3,990 Posts

Quoting Yngwie

Disliked

Sold 1.2967

Ignored

hit BE

Live trade ~ GBPUSD only. No chart! Follow at your own risk!

#843,407
Oct 28, 2024 5:54am Oct 28, 2024 5:54am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

Quoting Moty

Disliked

{image} {image}

Ignored

Ty mister gu

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yes yes yes

#843,408
Edited 6:10am Oct 28, 2024 5:58am | Edited 6:10am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,414 Posts

Quoting BeeTogether

Disliked

{quote} might be a good area to short from unless we break above 130

Ignored

Actual bounce target should be 2999 , may correct before next target up ! Waiting test 2994/ 99 test as first target and will see how reacts if !
As eurusd still to start for 0840 gu may breaks up 3000 before limited correction possible ! May 3016 , target goes up !

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Not understand?better not follow my analyses!doubt clearer first, risks ++

#843,409
Oct 28, 2024 6:02am Oct 28, 2024 6:02am

Fix-it
Joined Oct 2019 | Status: Trader | 336 Posts

I have been noticing that GU goes up when there is no news, and hopeing it will hit my PT at 1.3030.. if it does not get there i will get out with a small profit .

#843,410
Oct 28, 2024 6:12am Oct 28, 2024 6:12am

Godspromise
Joined Jul 2023 | Status: Aspiring trader | 1,132 Posts

stoploss above 1.30 by 7 pips if it breaks above will wait for a better entry playing smarter not harder

#843,411
Oct 28, 2024 6:17am Oct 28, 2024 6:17am

Abeylyn
Joined Dec 2020 | Status: Trader | 1,673 Posts

[quote=Abeylyn;15041961]Hello friends and Buddies, From my own technical perspective, it is obvious that the Bears are still in control because 4 hour trend is downward and higher time frame chart has not given any signal to signify reversal to the upside. However, price need to retest the current high located around 1.2987/1.2990. If the resistant point can hold, then we shall enter a strong bearish continuation mode. Risk Management is key. Have a nice pipping week.

As earlier stated

Intention to go Short GU from 1.2987/92. Based on the fact that daily and 4 hour trend are down and no strong news to penetrate the current high.

Risk Management will be applied appropriately.

Good luck and nice day trading.

Market Structure is the King.....

#843,412
Oct 28, 2024 6:30am Oct 28, 2024 6:30am

pipfarm
Joined Oct 2010 | Status: Trader | 4,465 Posts

Quoting Jade Gate

Disliked

{quote} The reference to newbies was not intended for you. I can see that you have some experience under your belt. We all have different perspectives on what drives the market. For me, it's LIQUIDITY #1 closely followed by TA #2. Others get their groove on the fundies or the sentiment that arises from fundies. We each have our own take on things and that is something that should always be treated with respect.

Ignored

Are you trading futures or cfds?

Follow The Markets Structure - Patience and Discipline

#843,413
Oct 28, 2024 7:00am Oct 28, 2024 7:00am

jjoohhnnyy13
| Joined Oct 2019 | Status: Trader | 130 Posts

Quoting jjoohhnnyy13

Disliked

Guys... do you read news???

Ignored

Well, there is UK budget on Wednesday. According the Sir Starmer planning increase taxes. That mean all prices will go up at UK. That mean inflation. That mean slow down or no cuts rates.

Plus US jolt jobs expectations is smaller. Generally yeah. US data scaring me...

Technical analysis on daily time-frame you can see a inside bar which indicate turnover.

Always follow your own shit