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Cable Update (GBPUSD)

  • #845,901
  • Edited 10:23am Nov 20, 2024 10:11am | Edited 10:23am
Checking chart Skelton , h5 close wise price likely playing underground 2653 as closed below. Difficult recover but still weekly range may continue without much bear !;
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,902
  • Nov 20, 2024 10:37am Nov 20, 2024 10:37am
US Index H4. More pressure on GBPUSD and EURUSD...no more swing high IMO
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Look right, we'll see the signs
  • #845,903
  • Edited 11:15am Nov 20, 2024 11:03am | Edited 11:15am
Quoting azhantahir
US Index H4. More pressure on GBPUSD and EURUSD...no more swing high IMO {image} {image} {image}
Apparently got life usdx but think not as pa under strong resistances and target up goes 107. 89 though but now resistance 107 to deal first , should further correct instead new hight and test 107 so soon , posing with as strong bull candle , looks tough to tell as may fake breakout ! Let's see
So checking lower tf , it bounce perhaps to the highest this week !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,904
  • Nov 20, 2024 11:06am Nov 20, 2024 11:06am
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Easy money on goldi , tomorrow i will try to catch some
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yes yes yes
  • #845,905
  • Nov 20, 2024 11:08am Nov 20, 2024 11:08am
Quoting Waveskierrob
{quote} added LONGS to my EU FF trades BE @ 1.0605
Getting arsed spanked by EU and not in a good way...
  • #845,906
  • Nov 20, 2024 12:03pm Nov 20, 2024 12:03pm
USDJPY is in a minor correction on H1 , a correction is a double wave on M5 but only has 1 complete swing down there is a rally in progress so is this the return wave before the drop into swing 3 of H1 correction and then up for the longer wave on H1

The cluster of orders on market profile lines up with my analysis. Big sellers reside above current price

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Follow The Markets Structure - Patience and Discipline
  • #845,907
  • Nov 20, 2024 12:51pm Nov 20, 2024 12:51pm
GBPUSD down move on M5 could be a prelude to a double upside correction which would tie in with H1 making a single correction to the upside

The last rally on H1 should be an abc sisngle correction on M5 but at the moment only has one swing up so it could be the current downside is corrective before a push up to make the double correction


Same on EURUSD

Price is building a double correction on M5 to make a single correction on H1
The 5 minute is making the return wave down before going up to make the double correction on m5
Follow The Markets Structure - Patience and Discipline
  • #845,908
  • Nov 20, 2024 12:53pm Nov 20, 2024 12:53pm
Quoting pipfarm
USDJPY is in a minor correction on H1 , a correction is a double wave on M5 but only has 1 complete swing down there is a rally in progress so is this the return wave before the drop into swing 3 of H1 correction and then up for the longer wave on H1 The cluster of orders on market profile lines up with my analysis. Big sellers reside above current price {image}
This is panning out nicely to the upside, easy to get fooled if you look at H1 it looks like a continuation to the upside but it is only the return wave in a correction to the downside
Follow The Markets Structure - Patience and Discipline
  • #845,909
  • Nov 20, 2024 1:00pm Nov 20, 2024 1:00pm
Did not take another short on NQ as i saw the double correction building on m5 , it was tempting to short but , the give away was the first wave up subdivided into 3 internally and not 3 separate waves to make the abc , easy to get fooled.

I may have over estimated the big drop and will revert to longs now as D1 has completed a double correction via H1
Follow The Markets Structure - Patience and Discipline
  • #845,910
  • Nov 20, 2024 1:01pm Nov 20, 2024 1:01pm
lows of the day done and dusted. Makes me think if data came out red or as expected this would have tanked much further below
Insane in the Brain..
  • #845,911
  • Nov 20, 2024 1:16pm Nov 20, 2024 1:16pm
Quoting BeeTogether
lows of the day done and dusted. Makes me think if data came out red or as expected this would have tanked much further below

5th wave H1 - notorious for moving in 5 swings of 3


there goes GU to the upside , easy to have been fooled again into shorting, our friend moty always seems to get caught up in the return swings , classic retail error
Follow The Markets Structure - Patience and Discipline
  • #845,912
  • Nov 20, 2024 4:42pm Nov 20, 2024 4:42pm
Quoting vankiepsauff
scalp short at 1.2704, 20 lots
CLOSED at 1.2654
vankiepsauff@gmail
  • #845,913
  • Nov 20, 2024 6:45pm Nov 20, 2024 6:45pm
Quoting pipfarm
USDJPY is in a minor correction on H1 , a correction is a double wave on M5 but only has 1 complete swing down there is a rally in progress so is this the return wave before the drop into swing 3 of H1 correction and then up for the longer wave on H1 The cluster of orders on market profile lines up with my analysis. Big sellers reside above current price {image}
thanks for order flow. yup not easy for bulls. trend line will disturb or slow the bulls.
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  • #845,914
  • Edited 8:45pm Nov 20, 2024 8:33pm | Edited 8:45pm
Quoting fontu
{quote} Apparently got life usdx but think not as pa under strong resistances and target up goes 107. 89 though but now resistance 107 to deal first , should further correct instead new hight and test 107 so soon , posing with as strong bull candle , looks tough to tell as may fake breakout ! Let's see So checking lower tf , it bounce perhaps to the highest this week ! {image} {image}
If usdx made temporary top then others to range up still , so to recheck usdx if actually doing !
Checking gbpusd now pa , h5 present should be smallest amongst last 4 and may outburst next one , nr4, while mother a bear candle if follow and opposite can be possible too and whatever still range looks down if .may usdx making a top !
No usdx not tried any bounce , smooth falling , may text 106 before bounce try! So others relatively bounce continue !
After a while we may see a bust , probably bounce !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,915
  • Nov 20, 2024 9:19pm Nov 20, 2024 9:19pm
Quoting Abeylyn
{quote} I have increased my Stoploss to enable me manage the trade. It's not really possible for price to break the current low without pullback to the centre. Above all, there was an error in my own analysis. There is no reason at all for me to Buy especially at this point. I will switchover when necessary and at the right time.
Trade closed @ 4 pips loss.
Market Structure is the King.....
  • #845,916
  • Nov 20, 2024 9:38pm Nov 20, 2024 9:38pm
Quoting Konichiwhaat
{quote} You said "keep holding". I assumed this was a question whether or not to sell your BTC, correct?
no! Keep holding is keep holding, my target 97k was hit, fat money now I will short some fat too becouse I think 100k will not been hit like that, time for some correction, cheers
ps. After 80-73k BTC will be ready for 134k
People don't plan to lose. They lose because they don't plan.
  • #845,917
  • Nov 20, 2024 9:40pm Nov 20, 2024 9:40pm
Quoting ScalaFX
{quote} men! 97k in horizont keep holding
welcome money
People don't plan to lose. They lose because they don't plan.
  • #845,918
  • Nov 20, 2024 9:41pm Nov 20, 2024 9:41pm
Quoting Waveskierrob
{quote} Getting arsed spanked by EU and not in a good way...
max extension for EU is near 0350-30, I will definitely long big there
People don't plan to lose. They lose because they don't plan.
  • #845,919
  • Nov 20, 2024 9:49pm Nov 20, 2024 9:49pm
come on mister goldi
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yes yes yes
  • #845,920
  • Nov 20, 2024 10:31pm Nov 20, 2024 10:31pm
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