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Cable Update (GBPUSD)

  • #857,781
  • Apr 4, 2025 4:39am Apr 4, 2025 4:39am
gbpchf i m starting to go long
chaos is just unknown order
  • #857,782
  • Apr 4, 2025 4:40am Apr 4, 2025 4:40am
G/M, wow- what a couple of London sessions the last 2 days! The 1hr bearish thrust candle close broke out of that 1hr consolidation after the initial downside p/back from y/day's 3208 hi, and the asian lo, and sure enough - a big downside follow-thru resulted.....price now challenging a prev 1hr sw lo zone = pot supp which in itself was 1st test of the 4hr part of a prev 1hr/4hr sw hi zone = pot rbs, which price is testing deep into @ the current dly lo. 174% of 30day adr already traveled today.

All this and u.s Nfp etc to come!

4hr then 1hr below
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Trader with an Edge.
  • #857,783
  • Apr 4, 2025 4:43am Apr 4, 2025 4:43am
Quoting Moty
took short eu {image} {image}
ty
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yes yes yes
  • #857,784
  • Edited 6:04am Apr 4, 2025 4:53am | Edited 6:04am
Yes some bounce and initial signal goes to 3015 . Watching
Little change pa but ok as before

Perfect hit, now waiting what next ! Back to low or what !
3034 next important
And getting some resistance but now target goes to 3047 + limit
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #857,785
  • Apr 4, 2025 5:05am Apr 4, 2025 5:05am
...you can see why that part of the 4hr part of the prev 1hr/4hr sw hi zone = pot rbs saw some upside reaction re rbs. A possible stop-run below y/day's lo too?

There is potential that the already formed 5min bearish hidden div might kick in on any deeper p/back so long as price below 3064.

4hr below
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Trader with an Edge.
  • #857,786
  • Apr 4, 2025 5:13am Apr 4, 2025 5:13am
Oh boy. What Now???

China announces tariffs of 34% on all US goods in retaliation.
  • #857,787
  • Apr 4, 2025 5:26am Apr 4, 2025 5:26am
it was a bearish flag
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yes yes yes
  • #857,788
  • Apr 4, 2025 5:31am Apr 4, 2025 5:31am
..thanks China, lol!

1hr below
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Trader with an Edge.
  • #857,789
  • Apr 4, 2025 5:38am Apr 4, 2025 5:38am
yes
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yes yes yes
  • #857,790
  • Apr 4, 2025 5:41am Apr 4, 2025 5:41am
Quoting Headland
..thanks China, lol! 1hr below {image}
I went for GBPCAD
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  • #857,791
  • Apr 4, 2025 5:42am Apr 4, 2025 5:42am
here we go again
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yes yes yes
  • #857,792
  • Apr 4, 2025 5:45am Apr 4, 2025 5:45am
...
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Trader with an Edge.
  • #857,793
  • Apr 4, 2025 6:02am Apr 4, 2025 6:02am
Quoting Headland
......There is potential that the already formed 5min bearish hidden div might kick in on any deeper p/back so long as price below 3064.

I bottled the trade due to the China thing! lol.

5min then 1hr below
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Trader with an Edge.
  • #857,794
  • Edited 8:22am Apr 4, 2025 6:05am | Edited 8:22am
Good attempt for 3050+;,move possibly ,take care

Failing repeatedly breaks test 3024 and 34, waiting
Real limit here 4080 for reversal signal
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #857,795
  • Apr 4, 2025 6:09am Apr 4, 2025 6:09am
The dollar/yen was stuck at the bottom and I was worried about whether it would move, but it rebounded a little and was stopped by the double yellow line, then it fell sharply. It was a small, choppy trade, but I made a profit of +57 pips. Since it's before the employment statistics, I'll wait and see what happens.
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  • #857,796
  • Apr 4, 2025 6:32am Apr 4, 2025 6:32am
Quoting Headland
{quote} I bottled the trade due to the China thing! lol. 5min then 1hr below {image} {image}

Great example of me not trading what I saw, but bottled it because of what I thought!

Trade what you see - not what you think!
Trader with an Edge.
  • #857,797
  • Apr 4, 2025 7:21am Apr 4, 2025 7:21am
Quoting Headland
{quote} Great example of me not trading what I saw, but bottled it because of what I thought! Trade what you see - not what you think!
if you are seeing well,,,it may be good
  • #857,798
  • Apr 4, 2025 7:35am Apr 4, 2025 7:35am
Quoting sharingan9
{quote} Update. Price dropping from Monthly mR2(3183) which is from where I went short since it changed the perception of value. It drops back down to monthly R1 and now broke below monthly MR1. Since it did not bounce back up form MR1 which was I thought it would do it may mean a big bearish drop is coming so next target could be back down to monthly mR1(2965 area). Know where you are on the chart {image}
Typical nothing burger NFP. Mixed bag I guess. GU dropped to the pivot as expected before news and now a bounce to the upside. Stops dragged. Looking for setups in the next H4 hour on some other pairs. Perhaps USDCHF long opportunity
  • #857,799
  • Apr 4, 2025 7:42am Apr 4, 2025 7:42am
Short in 1.3010 target 1.2975
Don't trade what you think. Just what you see!!!
  • #857,800
  • Apr 4, 2025 7:44am Apr 4, 2025 7:44am
perfect short running now for lows . below 2988/79 ok take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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