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Cable Update (GBPUSD)

  • #858,061
  • Apr 10, 2025 1:11am Apr 10, 2025 1:11am
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  • #858,062
  • Apr 10, 2025 1:46am Apr 10, 2025 1:46am
G/M, Bullish candle on the dly y/day. Price today so far up, with a 1st upside b/o of first y/dfay's hi then just above the asian hi. Price now again challenging those prev sw lo zones = pot sbr discussed and shown;
Quoting Headland
...here...
Just @/above current dly hi 2877-82 is a Dly R1 and 2 x upside fibs cluster. 38.2% of the total 3208-2709 recent dramatic fall is @ 2899. 50% of same move is @ 2958.

1hr below
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Trader with an Edge.
  • #858,063
  • Apr 10, 2025 1:58am Apr 10, 2025 1:58am
...currently back above last wk's lo. You can see the origin of those (once disrespected as sbr) prev sw lo zones on 4hr below (hollow zones.) They still have offered sbr @ y/day's hi though.

4hr below
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Trader with an Edge.
  • #858,064
  • Apr 10, 2025 2:01am Apr 10, 2025 2:01am
GBPUSD
It's been in the buying market since 1.27092. This upsurge could be a compensation for last week's overstretched freefall. In other words, it is the turn to harm the sellers now.. LOL
I won't comment on tariffs.
  • #858,065
  • Edited 3:55am Apr 10, 2025 2:06am | Edited 3:55am
Now waiting 2847 breaks and hold to go as possible correction down
After 2847 next support goes to 2838 before confirmation down level 2822
Trying very hard to range up , waiting for 3870 and 63 breaks and hold for 2850 and 45 retest of breaks next time??
Anyway pa waiting for US cpi news , and trying keep up till then!! above 2847 and 38 before the possible range to 2884 upside!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #858,066
  • Apr 10, 2025 2:27am Apr 10, 2025 2:27am
It's so quiet and cold in here.
Where is ZD, for Z=ze; D=bi?
  • #858,067
  • Apr 10, 2025 2:37am Apr 10, 2025 2:37am
Quoting elude
It's so quiet and cold in here. Where is ZD, for Z=ze; D=bi?
Hi, I was away on hols for 3 weeks myself, but he was last seen holding a 2899 averaged in short position on it's way up to 3208. I think he popped in a few days ago to ask where Halbot is re their disgareement wankfest over Trump.
Trader with an Edge.
  • #858,068
  • Apr 10, 2025 2:41am Apr 10, 2025 2:41am
DXY goes up, GU goes down. DXY goes down. GU pauses.
  • #858,069
  • Apr 10, 2025 2:50am Apr 10, 2025 2:50am
Quoting Headland
{quote} Hi, I was away on hols for 3 weeks myself, but he was last seen holding a 2899 averaged in short position on it's way up to 3208. I think he popped in a few days ago to ask where Halbot is re their disgareement wankfest over Trump.
Ow, I see
Ah, yeah, I haven't seen halbot too in a long while.
  • #858,070
  • Apr 10, 2025 2:51am Apr 10, 2025 2:51am
...bulls finding demand on the dip down, @ a prev 1hr minor sw hi zone = pot rbs in a prev 30min sw hi zone = pot rbs and 23.6% y/day lo-current dly hi, after the 3rd 5min test of it.

If the bulls are serious, they really need to get above those prev 4hr/dly sw lo zones = pot sbr shown on posts above, and on dly t/f they extend up to circa 2909, but as stated there, they have been once disrespectd as sbr, and once respected @ y/day's hi where supply came in. Current wkly hi is 2933.

1hr below
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Trader with an Edge.
  • #858,071
  • Apr 10, 2025 3:25am Apr 10, 2025 3:25am
Quoting Guy1969
The major economies seem to be propping up their currencies to try and avoid a slide against the dollar. Problem with this is, it's an expensive exercise, and eventually the flood gates open. I'm holding short GU, will start scaling in EU shorts above 1.10460, that's a monthly level.
Hi. Au contraire. I would think that the 'major economies' would welcome a devaluation against the $ to offset the Trump tariffs imposed to whatever extent and make their exports cheaper to the U.s. No major central bank will be intervening in the currency markets beyond their normal day-day operations, re this present volatility. Can't speak for the future though.
Trader with an Edge.
  • #858,072
  • Apr 10, 2025 3:47am Apr 10, 2025 3:47am
Quoting Headland
{quote} Hi. Au contraire. I would think that the 'major economies' would welcome a devaluation against the $ to offset the Trump tariffs imposed to whatever extent and make their exports cheaper to the U.s. No major central bank will be intervening in the currency markets beyond their normal day-day operations, re this present volatility. Can't speak for the future though.
i don’t think he is holding his shorts anymore for Gu
already 100 pips red
  • #858,073
  • Apr 10, 2025 4:00am Apr 10, 2025 4:00am
Quoting Zeiferz
{quote} i don’t think he is holding his shorts anymore for Gu already 100 pips red
Hi. Thanks. I have no idea and care even less. I just found it amusing that he gives others such a hard time, never letting them forget a bad trade, but he disappears the moment he has one (+) if he did close it for a loss. Actually, he had one before that closed at a loss too, (an averaged short again,) if memory serves.
---------------------------------------------------

...4th consecutive gmt+2hrs price feed 4hr candle up from y/day's lo closes with a bullish body. That Dly R1 and 2 x upside fibs cluster mentioned earlier in those prev 4hr/dly sw lo zones = pot sbr are @ the scene of the the supply, @ current dly hi.

4hr (with 10/20/40 ema crosses graphic) below
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Trader with an Edge.
  • #858,074
  • Apr 10, 2025 4:07am Apr 10, 2025 4:07am
Would be nice if it could take out some of the lows.
  • #858,075
  • Apr 10, 2025 4:13am Apr 10, 2025 4:13am
Long in at 1.2871 target 30 pips
Don't trade what you think. Just what you see!!!
  • #858,076
  • Apr 10, 2025 4:19am Apr 10, 2025 4:19am
Quoting Mitiblotch
Long 2826. TP 2915.
Out here at 2874 for +48. It should still hit TP but due to US data I'll stay out and buy any good dip!
  • #858,077
  • Apr 10, 2025 4:21am Apr 10, 2025 4:21am
...small pip range London session so far. Price is bouncing between pot 1hr res leading to current dly hi and pot 30min rbs below it. As yet price has not made it to the 38.2% of the 3208-2709 fall recent move, which is @ 2899. It is currently above Dly, Mthly, and Yrly Pivots, but below Wkly. Intraday is overall bullish so far.

1hr below
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Trader with an Edge.
  • #858,078
  • Apr 10, 2025 4:24am Apr 10, 2025 4:24am
Morning all, GJ correcting from it’s a crazy move up yesterday. As long as 187 doesn’t break there is a chance of another move up. I’m holding long from 18640 for time being. Have an SL of 18780 (140 pips in positive)
Insane in the Brain..
  • #858,079
  • Apr 10, 2025 4:30am Apr 10, 2025 4:30am
...4th 5min attempt to get north of current dly hi. 2 x attempts to get south of the current lowest p/back lo off the current dly hi, on that t/f.

5min below
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Trader with an Edge.
  • #858,080
  • Apr 10, 2025 4:47am Apr 10, 2025 4:47am
Quoting Headland
...4th 5min attempt to get north of current dly hi. 2 x attempts to get south of the current lowest p/back lo off the current dly hi, on that t/f. 5min below {image}
3rd 5min attempt to break south of above mentioned now. One of them will give at some point.

5min below
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Trader with an Edge.
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