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Cable Update (GBPUSD)

  • #845,621
  • Nov 18, 2024 11:56pm Nov 18, 2024 11:56pm
Quoting BeeTogether
Time for USD to solidify above 106 and move to 107.. yeah right
may do . time to check .
gbpusd forming a megaphone pattern , ranges and risks increased , and bearish . anyway 2661 may retest to see
breaks 2659 and hold then next sr 2643 or react for 2690 / 2700 +
eurusd if breaks 0570 limit the likely correct more down . and with gbpusd too ! watching
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,622
  • Nov 19, 2024 12:01am Nov 19, 2024 12:01am
Quoting fontu
{quote} may do . time to check . gbpusd forming a megaphone pattern , ranges and risks increased , and bearish . anyway 2661 may retest to see {image}
I could be wrong the apac and early Euro session could be a finish up of yesterday’s movement. We’ve seen this before and it goes pop after. The other thing to notice here is despite the bullish movement we didn’t crack above 127 it stayed under and bounced lower. Could be a liquidity grab for 12750 later this week. It’s a data light week so a lot of technicals and potential corrections too
Insane in the Brain..
  • #845,623
  • Edited 12:25am Nov 19, 2024 12:02am | Edited 12:25am
Quoting HaLBot
Time and time again I see this pattern play out. Just before the big 5 minute green candle pumping is a red candle and as you watch it you think from there it's going to keep dropping, then the next candle is the pump candle. Watch this and buy at the bottom of the red candle or if your even better buy right at the bottom of the pump candle for some tasty morsels Always after a big drop where price is building again. Guess the opposite happens selling currencies but I'm a buyer My actual buy in price was 1.0576 meaning I did buy on...
Just more on that 5 minute candle pattern.

So the third 5 minute candle after the drop looks like it's going to pump only to stall and head lower looking as if price is heading a lot lower. So fourth candle is the big pump and can make a decent clip of it.
Now maybe it doesn't playout like that everytime(I haven't back tested it) maybe the number of candles varies but what I don't see varying is this price stalling, looking like it's going to plummet then next candle pumps


Next time this happens I'll posts the event and see if it plays out like I said and then either watch and confirm or buy in and profit
Don't Leave Money on the Table
  • #845,624
  • Edited 12:58am Nov 19, 2024 12:08am | Edited 12:58am
Quoting BeeTogether
{quote} I could be wrong the apac and early Euro session could be a finish up of yesterday’s movement. We’ve seen this before and it goes pop after. The other thing to notice here is despite the bullish movement we didn’t crack above 127 it stayed under and bounced lower. Could be a liquidity grab for 12750 later this week. It’s a data light week so a lot of technicals and potential corrections too
lets see what happen .
now price on tl support easily continue bounce for 2700 + . after it made a new high it made a new as well , so leg up ended . so targets up remain intact it may do a correction down to up again or now tl be enough . but pressure will remain down intact as top failed . failure top logically go at least below last leg up , below 2653 , tl sr now 2661. so breakout possible . again for the expanding triangle exact sr not test down yet. so retest 2662/57 or better below 53 if


done perfect and still waiting below 2653 to 2642 test and breaks. while eurusd below 0560 play
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,625
  • Nov 19, 2024 12:34am Nov 19, 2024 12:34am
Quoting F.g
{quote} Man, ......cold as a snake in winter..... Not even for one night..................BBrrrrrr...........

I met this Indian woman today quoting on work to her property and as we were about to shake hands she said "I have cold hands" and sure enough her hands are really cold. I said are you alive and she laughed.
She then said cold hands warm heart lol
Don't Leave Money on the Table
  • #845,626
  • Nov 19, 2024 12:44am Nov 19, 2024 12:44am
Quoting Abeylyn
Quoting HaLBot
Time and time again I see this pattern play out. Just before the big 5 minute green candle pumping is a red candle and as you watch it you think from there it's going to keep dropping, then the next candle is the pump candle. Watch this and buy at the bottom of the red candle or if your even better buy right at the bottom of the pump candle for some tasty morsels Always after a big drop where price is building again. Guess the opposite happens selling currencies but I'm a buyer {image}[/quote Hello friend, If
...
23 pips Take profit achieved.

It's a ranging market and will probably make ABCD before actual direction emerge.

Good luck.
Market Structure is the King.....
  • #845,627
  • Nov 19, 2024 12:46am Nov 19, 2024 12:46am
Quoting Abeylyn
Friends and Buddies, Looking at GU Intraday, it's important to note that Intraday PA has turned to Range, therefore let's not expect a straight forward movement to the upside or downside. The next resistant level is around 1.2766 zone. I am currently Short from 1.26778 TP 1.2654. Will be looking to Sell and hold either later today or on Monday. Alternatively will Buy temporarily with target at 1.2766 zone. Have a nice pipping day.
23 pips Take Profit achieved.

It's a ranging market and may actually form ABCD before main direction will emerge.
Market Structure is the King.....
  • #845,628
  • Nov 19, 2024 12:46am Nov 19, 2024 12:46am
i am not goimg anywhere mf
the only way is up
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yes yes yes
  • #845,629
  • Nov 19, 2024 12:47am Nov 19, 2024 12:47am
Quoting Abeylyn
{quote}{quote} 23 pips Take profit achieved. It's a ranging market and will probably make ABCD before actual direction emerge. Good luck.

Nice one
Don't Leave Money on the Table
  • #845,630
  • Nov 19, 2024 12:50am Nov 19, 2024 12:50am
Quoting azhantahir
{quote} US Index. The willingness to reprice {image}
Mid-London Open- Probabilities from US index to GBPUSD and EURUSD IMO
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Look right, we'll see the signs
  • #845,631
  • Nov 19, 2024 12:51am Nov 19, 2024 12:51am
Quoting HaLBot
{quote} Nice one
Thanks dear mate

It's going to be messy today. Ranging market.

Hoping to key into a long term direction

I wish you good luck today
Market Structure is the King.....
  • #845,632
  • Nov 19, 2024 12:59am Nov 19, 2024 12:59am
Quoting azhantahir
{quote} Mid-London Open- Probabilities from US index to GBPUSD and EURUSD IMO {image} {image}
Attached Image (click to enlarge)
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yes yes yes
  • #845,633
  • Nov 19, 2024 12:59am Nov 19, 2024 12:59am
usdx pa , likely test up 106.74
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,634
  • Nov 19, 2024 1:04am Nov 19, 2024 1:04am
Quoting fontu
usdx pa , likely test up 106.74 {image}
Just got back from the school run, in that time GU is down by 20 pips, GJ is down by 60 odd pips but gold for some reason is going up even with DXY at 106 ..
Insane in the Brain..
  • #845,635
  • Nov 19, 2024 1:09am Nov 19, 2024 1:09am
Quoting Abeylyn
{quote} Thanks dear mate It's going to be messy today. Ranging market. Hoping to key into a long term direction I wish you good luck today

Messy for sure....
Don't Leave Money on the Table
  • #845,636
  • Nov 19, 2024 1:30am Nov 19, 2024 1:30am
Attached Image (click to enlarge)
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yes yes yes
  • #845,637
  • Nov 19, 2024 1:36am Nov 19, 2024 1:36am
Quoting azhantahir
{quote} Mid-London Open- Probabilities from US index to GBPUSD and EURUSD IMO {image} {image}

SWINGER ONBOARD FOR GU and EU
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Look right, we'll see the signs
  • #845,638
  • Nov 19, 2024 1:41am Nov 19, 2024 1:41am
Are the bears eyeing 1.25?
  • #845,639
  • Nov 19, 2024 1:43am Nov 19, 2024 1:43am
It seems Ukraine has started to use the Atacms in Russia.
  • #845,640
  • Nov 19, 2024 1:48am Nov 19, 2024 1:48am
Quoting Fredrick7
It seems Ukraine has started to use the Atacms in Russia.
Where'd you hear that?
Don't you know that I'm loco ...
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