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Cable Update (GBPUSD)

  • #860,981
  • Jun 5, 2025 5:42am Jun 5, 2025 5:42am
Too bad his legacy will be American Zero
  • #860,982
  • Jun 5, 2025 5:46am Jun 5, 2025 5:46am
Hmm. Gold breaking 3400.. now need a correction lol will add to my short later
Insane in the Brain..
  • #860,983
  • Edited 6:29am Jun 5, 2025 5:48am | Edited 6:29am
G/M, (just,) An upside follow thru so far today on y/day's bullish engulfdly candle. 1st an asian hi b/o, then a 2nd, and then a 1st upside b/o of y/day hi. Price has challenged the 4hr part now of the prev 1hr/4hr/minor dly sw hi zone = prev res =pot res that extends up to last wk's/current mthly & yrly hi of 3593, and met some supply resulting in the 1st upside b/o of y/day's hi being false, as price backed away from it.

EDIT: typos.

1Hr below
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Trader with an Edge.
  • #860,984
  • Jun 5, 2025 5:52am Jun 5, 2025 5:52am
...is it just a matter of time before 3593 gives way to the upside?

4hr below
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Trader with an Edge.
  • #860,985
  • Jun 5, 2025 5:56am Jun 5, 2025 5:56am
Quoting Bflyfx
{quote} how do you trade that?
I will better rephrase it to a Bull Setup so it can suit your narrative
Keep the Lights on then you can catch the rise from the dark.
  • #860,986
  • Jun 5, 2025 6:02am Jun 5, 2025 6:02am
Hoping price can touch 1.3604. I will exit my remaining long position and wait for a quality pullback before thinking of buying again.
Market Structure is the King.....
  • #860,987
  • Edited 6:50am Jun 5, 2025 6:33am | Edited 6:50am
... the current dly hi is the 2nd attempt to get north of the 3593 last wk hi/current mthly & yrly hi. The 1st attempt was last week, resulting in the coexistent prev 1hr/4hr sw hi zone = pot res that extends up to 3587. The rejection resulted in the drop to 3414 - last wk's lo. A 30min fractal swing hi now @ the 3585 current dly hi.

EDIT: posted a 30min chart by mistake - hadn't changed the t/f back after I changed to 30min to put the prev 30min sw hi zone = pot res in @ current dly hi. , now corrected to 1hr.

1hr below
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Trader with an Edge.
  • #860,988
  • Jun 5, 2025 6:42am Jun 5, 2025 6:42am
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yes yes yes
  • #860,989
  • Jun 5, 2025 6:45am Jun 5, 2025 6:45am
Unemployment Claims will decide
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #860,990
  • Jun 5, 2025 7:26am Jun 5, 2025 7:26am
Quoting ricmaj
{quote} I will better rephrase it to a Bull Setup so it can suit your narrative
whatever dude
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I only follow traders with IQ above 160
Challenge Tour All Time Return: 516.5%
  • #860,991
  • Jun 5, 2025 7:34am Jun 5, 2025 7:34am
Quoting ricmaj
{quote} I will better rephrase it to a Bull Setup so it can suit your narrative
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  • #860,992
  • Jun 5, 2025 7:37am Jun 5, 2025 7:37am
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yes yes yes
  • #860,993
  • Jun 5, 2025 8:04am Jun 5, 2025 8:04am
Gold short all out.. now let’s see where I can get my hands dirty
Insane in the Brain..
  • #860,994
  • Jun 5, 2025 8:17am Jun 5, 2025 8:17am
Damn you gold being an attention seeker… short again target daily pivot
Insane in the Brain..
  • #860,995
  • Jun 5, 2025 8:21am Jun 5, 2025 8:21am
Quoting BeeTogether
Damn you gold being an attention seeker… short again target daily pivot
I keep going back to GOLD, probably due to its low spread ...
  • #860,996
  • Jun 5, 2025 8:23am Jun 5, 2025 8:23am
Quoting Waveskierrob
{quote} I keep going back to GOLD, probably due to its low spread ...
me too and the way it’s been moving recently.
Insane in the Brain..
  • #860,997
  • Jun 5, 2025 8:23am Jun 5, 2025 8:23am
Quoting birdland
if GU falls to the blue zone again, I will definitely buy...maybe even before. {image}

it took some time but reached TP in the end
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trading is like dancing, don't think and just listen to the music!
  • #860,998
  • Jun 5, 2025 8:24am Jun 5, 2025 8:24am
Quoting Bflyfx
{quote} whatever dude {image}
I only follow traders with IQ above 160
Challenge Tour All Time Return: 516.5%
  • #860,999
  • Jun 5, 2025 8:26am Jun 5, 2025 8:26am
Quoting BeeTogether
{quote} me too and the way it’s been moving recently.
value for money...
  • #861,000
  • Jun 5, 2025 8:28am Jun 5, 2025 8:28am
Quoting Waveskierrob
{quote} value for money...
except when things go tits up lol (I been there a lot recently)
Insane in the Brain..
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