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Cable Update (GBPUSD)

  • #858,881
  • Apr 29, 2025 2:25am Apr 29, 2025 2:25am
Quoting Guy1969
DXY H4. {image}
looks useful
  • #858,882
  • Apr 29, 2025 2:26am Apr 29, 2025 2:26am
That was close. That is my original SL placement. Double top has made a nice target now.
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  • #858,883
  • Apr 29, 2025 2:37am Apr 29, 2025 2:37am
Quoting Moty
mf !!!!! first it kick me out with margin call then it dropped {image}
Deposited again
Shorted again
On your head mf
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yes yes yes
  • #858,884
  • Apr 29, 2025 2:46am Apr 29, 2025 2:46am
Stopped out for BE
  • #858,885
  • Apr 29, 2025 2:47am Apr 29, 2025 2:47am
G/M. Big > 30day adr bullish thrust candle close on the dly y/day as price broke upside of last wk's 3424 hi, then last yr's 3434 hi to print a new current mthly/yrly/uptrends hi. Subsequently, the 1st upside b/o's of these have proved false to 4hr so far. Today has seen a 1st slight upside b/o of y/day's hi where supply was encountered @ the Asian/current dly hi seeing price fall to the bottom of a wide prev 30min sw hi zone = prev rbs = pot rbs where demand was encountered @ the Asian/current dly lo - @ the 23.6% of last wk's lo - current dly/wkly hi move.

1hr below
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Trader with an Edge.
  • #858,886
  • Apr 29, 2025 2:54am Apr 29, 2025 2:54am
...you can see that @ the Asian/current dly lo also, price met 'buy the dip' support (rbs) in the dly part of the prev 1hr/4hr/dly sw hi zone = pot rbs that starts @ 3424 - last wk's hi. This pot rbs zone extends down to circa 3381. 155% of 6mth amr has been traveled by price now, on by this penultimate day of the trading month.

Dly below
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Trader with an Edge.
  • #858,887
  • Apr 29, 2025 3:01am Apr 29, 2025 3:01am
I'm predicting the DXY to at least 95 but the end of May.
  • #858,888
  • Apr 29, 2025 3:14am Apr 29, 2025 3:14am
Quoting MoneyPrinte
{quote} Gu,Gj still waiting..but GCad is almost there {image} {image} {image}
GJ been stuck in a real strange tight range. Not been many days I have seen less than a 100 pip range.
Insane in the Brain..
  • #858,889
  • Apr 29, 2025 3:15am Apr 29, 2025 3:15am
GJ seems to be in a strange state. USD tanking which should bring it down but the GBP is so strong it’s keeping it near zero movement
Insane in the Brain..
  • #858,890
  • Apr 29, 2025 3:21am Apr 29, 2025 3:21am
I think this thing is going to absolutely fly.
  • #858,891
  • Apr 29, 2025 3:23am Apr 29, 2025 3:23am
Quoting BeeTogether
GJ seems to be in a strange state. USD tanking which should bring it down but the GBP is so strong it’s keeping it near zero movement
Given that the UK is going to probably be the first of the western countries to collapse into hyperinflation, it seems strange that the GBP would be strengthening
  • #858,892
  • Apr 29, 2025 3:41am Apr 29, 2025 3:41am
Quoting Guy1969
{quote} Any pullback now will get to 0.786 Fib of todays range, around 1.34050, even touching 1.34000. At least it's better than closing now.
Yes, but i missed that.

  • #858,893
  • Apr 29, 2025 3:42am Apr 29, 2025 3:42am
Quoting MrFanciful
{quote} Given that the UK is going to probably be the first of the western countries to collapse into hyperinflation, it seems strange that the GBP would be strengthening
Hi. Lol, you and your predictions. My old boss on the trading floor used to say to me if I ever 'predicted;' - "Who do you think you are, Mystic Meg?" (You have to be of a certain age and british for that reference!) -or- he'd say; "Here's 10p, take it and that prediction of yours and go and get me a box matches, (he was a chain smoker,) - it's all it's worth, cause without the 10p you'll come back empty handed!" Happy days, lol!
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...price is above Wkly R1 again - skirting around it really, and of course above Yrly R1 and Mthly R2. Wkly R2 is @/around 3513 and Mthy R3 @/around 3557. Yrly R2 is @/around 3882, and 3540 the Midpoint of Yrly R1 and Yrly R2.

4hr below
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Trader with an Edge.
  • #858,894
  • Apr 29, 2025 3:46am Apr 29, 2025 3:46am
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yes yes yes
  • #858,895
  • Apr 29, 2025 3:58am Apr 29, 2025 3:58am
Quoting Guy1969
GBPAUD short, target 2.07500 {image}
still holding your shorts bro? I’m with you.
  • #858,896
  • Apr 29, 2025 3:58am Apr 29, 2025 3:58am
Quoting MrFanciful
{quote} Given that the UK is going to probably be the first of the western countries to collapse into hyperinflation, it seems strange that the GBP would be strengthening
GBP is strengthening because USD is weak. Which is weak because of the current US economic tariffs etc. from a happy medium perspective we are currently 400 pips over the happy medium zone which gave us a range between 128-132 for GU
Insane in the Brain..
  • #858,897
  • Apr 29, 2025 4:13am Apr 29, 2025 4:13am
Sell limit 1.3470
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #858,898
  • Apr 29, 2025 4:16am Apr 29, 2025 4:16am
This pair and deception. It gives all the structure and shape of a short but the moment you try to sell it flies up without stopping. It's almost useless to sell. I am not in any short and won't be until 3500 area is checked.
  • #858,899
  • Apr 29, 2025 4:21am Apr 29, 2025 4:21am
Quoting genadi
{quote} Yes, but i missed that.
But why you did not set a tp at the pullback level. Of course we cant monitore the screen and charts 24/7.
We cut the winners short and let the losers run.
  • #858,900
  • Apr 29, 2025 4:24am Apr 29, 2025 4:24am
...in the event of more upside @ some point, above the 3444 current dly/wkly/mthly/yrly/various t/fs' uptrends hi, we are working a bit blind re pot res/sbr. 3486 begins a prev dly sw lo zone = pot sbr from Feb 2022(,!) that extends to circa 3506, and contains Dly R1 - which is @/around 3497. Because it is so far back in time, I'm not really looking lower than dly in this respect. Then Wkly R2 @/around 3513, Midpoint of Yrly R1/R2 @ 3540, then Dly R2 is @/around 3552.
1st fib I have to the upside is @ 3757!
Trader with an Edge.
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