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Cable Update (GBPUSD)

  • #858,161
  • Apr 11, 2025 3:51am Apr 11, 2025 3:51am
Sorry I suck at trading still learning. I’m really curious why are people shorting? Was there any confirmation before the trade? I dn see any red candle stick in higher time frame that suggest a break of trend
  • #858,162
  • Apr 11, 2025 3:51am Apr 11, 2025 3:51am
DXY just hit 99 in a straight line, just like I said.
  • #858,163
  • Apr 11, 2025 3:55am Apr 11, 2025 3:55am
...85.4% of the 3208-2709 move rerached @ current dly hi. Some prev 1hr minor sw lo zones = pot sbr just above. Price @ the hi into the dly part of the prev 1hr/4hr/dly sw hi zone = pot res that extends to 3208, last wk's hi. 4hr part starts circa 3163.

1hr below
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Trader with an Edge.
  • #858,164
  • Apr 11, 2025 3:57am Apr 11, 2025 3:57am
Pure speculation on my part, but I think this is clearly the Chinese dumping their dollar holdings in retaliation for the tariffs. I believe that they do more international trade outside of the dollar now anyway, so may have been holding onto it for an event such as this.

Lets see if we'll finally get a bearish 4HR candle.

Structure seems to nicely line with fib levels now.
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  • #858,165
  • Apr 11, 2025 4:02am Apr 11, 2025 4:02am
Quoting MrFanciful
Pure speculation on my part, but I think this is clearly the Chinese dumping their dollar holdings in retaliation for the tariffs. I believe that they do more international trade outside of the dollar now anyway, so may have been holding onto it for an event such as this. Lets see if we'll finally get a bearish 4HR candle.
The CHF and Gold went safe haven again, and the broader market showing it's discontentment with the US Dollar, that's my thoughts. The sweep came during the Asia session, 1.3000 was the place to go long GU.
  • #858,166
  • Apr 11, 2025 4:08am Apr 11, 2025 4:08am
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yes yes yes
  • #858,167
  • Apr 11, 2025 4:09am Apr 11, 2025 4:09am
Quoting MrFanciful
Pure speculation on my part, but I think this is clearly the Chinese dumping their dollar holdings in retaliation for the tariffs. I believe that they do more international trade outside of the dollar now anyway, so may have been holding onto it for an event such as this. Lets see if we'll finally get a bearish 4HR candle. Structure seems to nicely line with fib levels now. {image}
An entirely feasible scenario. It was almost certainly, (however they spin it,) the 10yr T note going the wrong way that caused Beasant to have the conversation with Trump and reportedly threaten to quit, which caused him to pause for 90days @ 10% tariffs, other than China. What he doesn't get because he is transactional and not a strategic joined-up thinker, is that it's about confidence, in finance, and he has so badly damaged it re debt holders wanting to hold/buy more U.s debt. We'll see how it pans out. The U.s is becoming / has become an unreliable ally, both financially and militarily for a lot of countries now.
Trader with an Edge.
  • #858,168
  • Apr 11, 2025 4:13am Apr 11, 2025 4:13am
Quoting Headland
{quote} An entirely feasible scenario. It was almost certainly, (however they spin it,) the 10yr T note going the wrong way that caused Beasant to have the conversation with Trump and reportedly threaten to quit which caused him to pause for 90days @ 10% tariffs, other than China. What he doesn't get because he is transactional and not a strategic joined-up thinker, is that it's about confidence, in finance, and he has so badly damaged it re debt holders wanting to hold/buy more U.s debt. We'll see how it pans out. The U.s is becoming / has become...
Yip, US30Y's and US10Y's was the blink point for Trump.
  • #858,169
  • Apr 11, 2025 4:27am Apr 11, 2025 4:27am
...you can see on chart below how price @ current dly hi went into the wide dly part of the prev 1hr/4hr/dly sw hi zone = pot res that extends up to 3208-last wk's hi, and current mthly/yrly hi. Could see more supply emerge in it if tested higher into it?

dly below
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Trader with an Edge.
  • #858,170
  • Apr 11, 2025 4:32am Apr 11, 2025 4:32am
GU is a bloody slow turd. It's so annoying holding buys. EU consistently hits 300 pips and above and this turd cannot even move!!!
  • #858,171
  • Apr 11, 2025 4:34am Apr 11, 2025 4:34am
If ADR is hit then US data may not mean much. Good or bad price will only range or go down.
  • #858,172
  • Apr 11, 2025 4:38am Apr 11, 2025 4:38am
Next move up?
  • #858,173
  • Apr 11, 2025 4:39am Apr 11, 2025 4:39am
GBPAUD, short, target ADR low.
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  • #858,174
  • Apr 11, 2025 4:43am Apr 11, 2025 4:43am
Quoting Guy1969
GBPAUD, short, target ADR low. {image}
Good trade. If it hits that trendline I will be more confident.
  • #858,175
  • Apr 11, 2025 4:47am Apr 11, 2025 4:47am
as price busrt up , did fast scalping after a long time see if still possible , both eurusd and gbpusd !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #858,176
  • Apr 11, 2025 4:54am Apr 11, 2025 4:54am
Quoting MoneyPrinte
{quote} GU.... {image}
supply aboce is waving
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https://x.com/moneyprinte
  • #858,177
  • Apr 11, 2025 4:54am Apr 11, 2025 4:54am
At another 4HR resistance, if there is such a thing anymore.
  • #858,178
  • Apr 11, 2025 5:03am Apr 11, 2025 5:03am
Quoting MrFanciful
At another 4HR resistance, if there is such a thing anymore.
I had it as prev 1hr minor sw lo zones = pot sbr, nothing on 4hr for me,but deeper in the dly part of that prev 1hr/4hr/dly sw hi zone = pot res that extends up to 3208. Nice short anyway with price @ 176% of 30day adr.

1hr below
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Trader with an Edge.
  • #858,179
  • Apr 11, 2025 5:06am Apr 11, 2025 5:06am
enough is enough mf
you squeezed it way too much
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yes yes yes
  • #858,180
  • Apr 11, 2025 5:10am Apr 11, 2025 5:10am
it's like i am putting all those indicator to take the opposite
so so stupit
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yes yes yes
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