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Cable Update (GBPUSD)

  • #859,001
  • May 1, 2025 2:10am May 1, 2025 2:10am
...the bears are 'avin'it' today so far!

4hr below
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Trader with an Edge.
  • #859,002
  • May 1, 2025 2:33am May 1, 2025 2:33am
Need to be careful (as usual). DXY has poked above 100, but that could mean that the dollar sellers step back in.
  • #859,003
  • May 1, 2025 2:47am May 1, 2025 2:47am
Quoting Nala66
{quote} This is because the monthly ran into hidden div and the daily was a bear div. This means price should retest the average... {image}
Hi, On my 2 x oscillators (same for each t/f,) I am seeing the regular bearish div on the dly, but not the bearish hidden div on the mthly. thanks.
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...30min falling wedge breaks to the upside after demand kicked in in the pot 1hr/4hr supp zones shown on 1hr chart below and 4hr chart above. A few fib clusters to the upside. 1st slight downside b/o of asian lo proves false.

1hr below
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Trader with an Edge.
  • #859,004
  • May 1, 2025 2:51am May 1, 2025 2:51am
Quoting MoneyPrinte
{image} Gu vs Gj {image}

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https://x.com/moneyprinte
  • #859,005
  • May 1, 2025 2:54am May 1, 2025 2:54am
Long GU at 13304 TP open but would like to test 13350 area
Insane in the Brain..
  • #859,006
  • May 1, 2025 3:01am May 1, 2025 3:01am
...the wide 4hr part of the prev 1hr/4hr/minor dly sw lo zone = prev supp = pot supp that extends down to last wk's 3233 lo has been a 'magic' zone for buyers. Price has tested it from above it 5 times now and met demand each time - sufficient for price to rise up out the top of the zone again.

4hr (with 10/20/40 ema crosses graphic) below
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Trader with an Edge.
  • #859,007
  • May 1, 2025 3:13am May 1, 2025 3:13am
Quoting MoneyPrinte
{quote} {image}
true rejection or cointinue to spike up...lets see,,anyway sell zone can damage easily
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https://x.com/moneyprinte
  • #859,008
  • May 1, 2025 3:20am May 1, 2025 3:20am
Sellers get wrecked
  • #859,009
  • May 1, 2025 3:21am May 1, 2025 3:21am
Quoting MrFanciful
Sellers get wrecked
Hi. Yeah but likely intraday retail only so far. All the institutional/big money stops are likely above 3444. Some longer-term position retail stops may be above y/day's hi, possibly even as low as above that 3359 1hr prev swing hi?
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...strong bounce up so far...testing bottom of a 5 fib cluster now. 2nd 1hr downside b/o of y/day's lo proves false. Buyers bought the tight sell stops just under the Asian lo and boom!

1hr below
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Trader with an Edge.
  • #859,010
  • May 1, 2025 3:22am May 1, 2025 3:22am
Quoting MoneyPrinte
{quote} true rejection or cointinue to spike up...lets see,,anyway sell zone can damage easily {image}

ouchhh...
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https://x.com/moneyprinte
  • #859,011
  • May 1, 2025 3:27am May 1, 2025 3:27am
Quoting Headland
{quote} Hi. Yeah but likely intraday retail only so far. All the institutional/big money stops are likely above 3444. Some longer-term position retail stops may be above y/day's hi, possibly even as low as above that 3359 1hr prev swing hi? ----------------------------------------------------------------------------------------------- ...strong bounce up so far...testing bottom of a 5 fib cluster now. 2nd 1hr downside b/o of y/day's lo proves false. 1hr below {image}
and with US data later this could take us towards 134-13430 depending on how bad it is
Insane in the Brain..
  • #859,012
  • May 1, 2025 3:34am May 1, 2025 3:34am
The longer term bulls may see it as important/encouraging that there has been a strong bounce up - again above last wk's 3233 lo? It's the last HL on the dly t/f. To us intraday types, 3444 current wkly/mthly/yrly/varioust/f's uptrends hi seems a long ways off - but not to longer-term positions / higher t/f traders.

Dly below
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Trader with an Edge.
  • #859,013
  • May 1, 2025 3:37am May 1, 2025 3:37am
Quoting Headland
The longer term bulls may see it as important/encouraging that there has been a strong bounce up - again above last wk's 3233 lo?
yup the lows we just saw acted as the pivot to bounce up. However how strong will the move be is the main question. Overall BoE is looking to cut rates I think next week. A lot of factors in play at the moment
Insane in the Brain..
  • #859,014
  • May 1, 2025 3:46am May 1, 2025 3:46am
Bear Gang

Gu short Entry @1.33311 Sl 20 Tp @1.32611
Keep the Lights on then you can catch the rise from the dark.
  • #859,015
  • May 1, 2025 3:52am May 1, 2025 3:52am
...top of that aforementioned 5 fib cluster in a prev 30min minor sw hi zone = pot res that leads to Asian/current dly hi is where the current big upside p/back hi is. Gmt+2hrs price feed 4hr close likely to be bullish engulfing (of at least the last candle on that t/f ) /possible hammer type candle when it closes @ top of this hour.

4hr below
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Trader with an Edge.
  • #859,016
  • May 1, 2025 4:32am May 1, 2025 4:32am
...so, price poked it's nose just above the Asian hi to print a new current dly hi, probably triggering a few tight retail buy stops,? @ top of that 5 fib cluster, - and some supply has emerged but nothing wholly convincing yet?

Will we see an upside follow-thru @ some point, on that last 4hr bullish engulf close 30 or so mins ago?

1hr below
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Trader with an Edge.
  • #859,017
  • May 1, 2025 4:35am May 1, 2025 4:35am
i am in again , i will short your ass mf
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yes yes yes
  • #859,018
  • May 1, 2025 4:38am May 1, 2025 4:38am
Quoting MoneyPrinte
{quote} ouchhh... {image}
i thought you are gonna spike non stop..anyways sell zone is already damaged,,is just a matter control the risk..or getting out
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https://x.com/moneyprinte
  • #859,019
  • May 1, 2025 4:43am May 1, 2025 4:43am
let's go
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yes yes yes
  • #859,020
  • May 1, 2025 4:43am May 1, 2025 4:43am
3300 breakout is valid but weak for having not met the required threshold,so any retracement will break current lows at 3274. so buying above 3274 is not low enough from my point of view. Waiting for gud setup ....
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MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
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