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Cable Update (GBPUSD)

  • #855,101
  • Feb 25, 2025 2:03am Feb 25, 2025 2:03am
Quoting sharingan9
Since the perception of value still looks bearish I would focus more on bearish signs like pivot logic indicating bearish continuation: {image} Pivot Logic: {image} {image}
Update. Price reach H4 S2 as expected in a very strong extrastrength trend in the direction of the perceived value which is lower prices. It will push lower and break below monthly R1 and if that happens we may see a huge down move

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  • #855,102
  • Feb 25, 2025 2:06am Feb 25, 2025 2:06am
Quoting sharingan9
{quote} Update. Price reach H4 S2 as expected in a very strong extrastrength trend in the direction of the perceived value which is lower prices. It will push lower and break below monthly R1 and if that happens we may see a huge down move {image}
Hello, what are those indicators you use?
  • #855,103
  • Feb 25, 2025 2:12am Feb 25, 2025 2:12am
Quoting ScalaFX
2617 long
I believe price will go back up but maybe it's not in a hurry to do so and wants to take out some stops first. As long as 2366 lives on, up it is. GU habitually refuses to retouch 'tops' or 'bottoms' which makes people buy or sell early for that retest but price keeps going the other way.

I'm also long.
  • #855,104
  • Feb 25, 2025 2:20am Feb 25, 2025 2:20am
I'm not afraid of you
You squeezy mf
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yes yes yes
  • #855,105
  • Feb 25, 2025 2:22am Feb 25, 2025 2:22am
Quoting elude
GBPUSD Bought 1.26265 / SL 1.26105 (16 PIPs , 0.45%) / TP 1.27075 (81 PIPs)
Caught by sl, 16 pips; 0.4472%... was about to move it a little lower but fell asleep
  • #855,106
  • Edited 2:49am Feb 25, 2025 2:23am | Edited 2:49am
G/M. A < 30day adr bearish dly candle y/day. Today so far a false early London session asian lo then y/day lo 1st downside b/o both.
Price @ the current dly lo has given back over 61.8% of the last wk lo - current wkly hi move.

EDIT: corrected typo's.

1hr below
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Trader with an Edge.
  • #855,107
  • Feb 25, 2025 2:33am Feb 25, 2025 2:33am
...the already breached Mthly S1 and a 23.6% fib @ the current dly lo, as well as a breached desc t/line. Plenty of fibs below current dly lo (always,!) - the 1st downside cluster of which (with Wkly S1) comes @ 2570-64 (3,) leading down to last wk's lo.

4hr below
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Trader with an Edge.
  • #855,108
  • Feb 25, 2025 2:37am Feb 25, 2025 2:37am
Quoting RoelsMajor
{quote} SL Hit! BE +2
SL hit Again! +2 pips. No Luck. Lel
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #855,109
  • Feb 25, 2025 2:46am Feb 25, 2025 2:46am
crooky false break mf
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yes yes yes
  • #855,110
  • Feb 25, 2025 2:49am Feb 25, 2025 2:49am
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yes yes yes
  • #855,111
  • Feb 25, 2025 2:55am Feb 25, 2025 2:55am

sell @currentP

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https://breakpullback.com
  • #855,112
  • Feb 25, 2025 3:05am Feb 25, 2025 3:05am
...I think the bulls have to break upside of the desc t/line, then asian hi/current dly hi, to start to get any kind of real foothold?

The 6th consecutive < 30day adr day y/day has resulted in 30day adr coming down off it's recent 114 hi, to 101 today.

1hr, then 10/20/40 ema crosses graphic below
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Trader with an Edge.
  • #855,113
  • Feb 25, 2025 3:10am Feb 25, 2025 3:10am
Closed my sell for 33pips.
  • #855,114
  • Feb 25, 2025 3:33am Feb 25, 2025 3:33am
A real support holding situation this morning
Insane in the Brain..
  • #855,115
  • Feb 25, 2025 3:37am Feb 25, 2025 3:37am
GU an interesting view
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  • #855,116
  • Feb 25, 2025 3:37am Feb 25, 2025 3:37am
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yes yes yes
  • #855,117
  • Feb 25, 2025 3:46am Feb 25, 2025 3:46am
Only time will tell on what the DXY plans to do with this gap.
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  • #855,118
  • Feb 25, 2025 3:54am Feb 25, 2025 3:54am
G20 week, so if its' anything like every other G20 week then price is likely to be choppy with plenty of whipsaws as global maniacs spank each other with love and mutual admiration ...
Don't you know that I'm loco ...
  • #855,119
  • Feb 25, 2025 3:58am Feb 25, 2025 3:58am
GU SMA200
M1 - M30 red is why my sell worked out earlier.
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  • #855,120
  • Feb 25, 2025 3:59am Feb 25, 2025 3:59am
Quoting RoelsMajor
{quote} SL hit Again! +2 pips. No Luck. Lel {image}
1.2605 I might buy again. Lel Narrow range only 33 pips so far.
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