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Cable Update (GBPUSD)

  • #847,321
  • Dec 5, 2024 3:35am Dec 5, 2024 3:35am
1.27163 is 50 % retracment of today movement
Come on
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yes yes yes
  • #847,322
  • Dec 5, 2024 3:35am Dec 5, 2024 3:35am
Yearly open always bumpy, even daily close above is not a guarantee
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Air force
  • #847,323
  • Edited 4:20am Dec 5, 2024 3:39am | Edited 4:20am
...so y/day (weds) saw an upside b/o of the day before's (tues) hi, but it still trades within last week's lo - hi pip range, although last wk's 2750 hi looks under threat now?

Asian lo is the current dly lo.

4hr with 10/20/40 ema crosses graphic below
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Trader with an Edge.
  • #847,324
  • Dec 5, 2024 4:10am Dec 5, 2024 4:10am
So, wkly is bearish overall but last wk's candle close was bullish. Dly is still in a general downtrend, 1hr and 4hr are in general uptrends, and intraday is bullish so far. Drop down from 2740 current dly hi challenged a prev 1hr/4hr sw hi zone = pot rbs (wider/deeper on 4hr,) confluence with a 23.6% fib, - @ the current p/back lo.

50% of 30day adr traveled so far today.

1hr below
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Trader with an Edge.
  • #847,325
  • Dec 5, 2024 4:28am Dec 5, 2024 4:28am
...that prev 1hr/4hr/minor dly sw hi zone (that extends up to last wk's 2750 hi) = pot res is @ top of the wkly part of a prev sw lo zone (that started @ 2665,) = pot sbr. We've had a new current wkly hi earlier today @ current dly hi, and when you look as of right now @ that current wkly candle (I know it's not closed yet,) in conjunction with last wk's bullish candle on the same t/f, it looks like that prev sw lo zone will give to the upside at some point ? Anyways, just idle speculation borne of a slow market, lol! Time will tell.

wkly below
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Trader with an Edge.
  • #847,326
  • Dec 5, 2024 4:40am Dec 5, 2024 4:40am
Quoting fontu
bounce little exaggerated ok for 2668 try though , now watching top failure signal 2728 . 1st early confirmation 2716 , and h1 close below 2712 better for next lows ! take care similarly eurusd h1 close level 0528 , as testing now !
Now h1 close below 2717 can be enough signal (and important due pullback to bull tries so soon ) for 2667 play , watching
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #847,327
  • Dec 5, 2024 4:45am Dec 5, 2024 4:45am
Quoting fontu
{quote} Now h1 close below 2717 can be enough signal for 2667 play , watching {image}
Hi. Could be. The prev 1hr/4hr sw hi zone = pot rbs being challenged right now by price extends down to circa 2703 on 4hr.

4hr below
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Trader with an Edge.
  • #847,328
  • Dec 5, 2024 5:02am Dec 5, 2024 5:02am
Come on !!!!!
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yes yes yes
  • #847,329
  • Dec 5, 2024 5:09am Dec 5, 2024 5:09am
Quoting Moty
Come on !!!!! {image}
Hi. Bulls presently struggling to gain any real upside traction from the current p/back lo @ that 23.6% fib. 2740 is the current dly and wkly hi.

Just above that prev 1hr/4hr/minor dly sw hi zone = prev res = pot res that extends up to last wk's 2750, and starting on 4hr @/around 2755 - the Mthly pivot (which so far this mth price has not been above,) and extending up to 2769/70, is a prev 1hr/4hr sw hi zone = pot res.

1hr then Upside fib retraces below
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Trader with an Edge.
  • #847,330
  • Dec 5, 2024 5:39am Dec 5, 2024 5:39am
...probably market order driven on 2nd 5min attempt on that prev 30min sw lo zone = pot supp that developed @ top of that prev 1hr/4hr sw hi zone = pot rbs with 23.6% fib confluence. Anyways, how true a bullish move after the p/back is it,? - with 15min bullish hidden div @ that p/back lo.

5min, then 15min below
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Trader with an Edge.
  • #847,331
  • Edited 6:15am Dec 5, 2024 5:59am | Edited 6:15am
...bulls are trying! So, potential res factors up to 2750 (last wk's hi,) -then- from Mthly pivot @/around 2755 up to 2770, incl 2765 which is 50% of the 3047-2487 move, ie last mth's hi-lo move. Dly R2 is just above @/around 2775, with a longer-term upside fib @ 2777.

Current dly & wkly hi is 2740, which is @/around Dly R1.

1hr below
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Trader with an Edge.
  • #847,332
  • Dec 5, 2024 6:02am Dec 5, 2024 6:02am
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yes yes yes
  • #847,333
  • Dec 5, 2024 6:36am Dec 5, 2024 6:36am
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  • #847,334
  • Dec 5, 2024 7:14am Dec 5, 2024 7:14am
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yes yes yes
  • #847,335
  • Dec 5, 2024 7:27am Dec 5, 2024 7:27am
Quoting ThaoAnh
{image} {image}
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  • #847,336
  • Dec 5, 2024 7:32am Dec 5, 2024 7:32am
All ye of little faith

Had to grind it out over hours though, it should have pumped to 2750 on LO
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Don't Leave Money on the Table
  • #847,337
  • Dec 5, 2024 7:38am Dec 5, 2024 7:38am
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  • #847,338
  • Dec 5, 2024 7:39am Dec 5, 2024 7:39am
Quoting ThaoAnh
{image}
ThaoAnh, I've already cashed out, what's your take profit??
Don't Leave Money on the Table
  • #847,339
  • Dec 5, 2024 7:39am Dec 5, 2024 7:39am
Yes yes yes
Final target 1.27750
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yes yes yes
  • #847,340
  • Dec 5, 2024 7:40am Dec 5, 2024 7:40am
Price will hit at least 2765-70. After that I don't know. But if you look to the left you can see untapped liquidity areas waiting to be hit, of which the afore mentioned price is one. Don't short now!
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