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Cable Update (GBPUSD)

  • #861,021
  • Jun 6, 2025 3:43am Jun 6, 2025 3:43am
Quoting Moty
{image}
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yes yes yes
  • #861,022
  • Jun 6, 2025 3:55am Jun 6, 2025 3:55am
Hi! For the GBPUSD pair, the resistance level of 1.3602 turned out to be quite strong, holding the price from further upward movement and rebounding it down to the support level of 1.3543.
Also, a triangle has formed on the H1 timeframe. To determine the entry into the market, it is better to wait for a breakout of one of the sides of this triangle, where in the case of a breakout of its upper side, the nearest target for purchases can be the resistance level of 1.3602. In the case of a breakout of its lower side, the target for sales can be the support level of 1.3491.
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  • #861,023
  • Jun 6, 2025 3:57am Jun 6, 2025 3:57am
Quoting signlapadana
gbp usd On the h1 timeframe, the price has reached the bottom of the channel and has penetrated a little below it. If the bottom of this channel is broken, two targets are available at 1.3454 and 1.3415, but if it returns to the channel, the target is the channel ceiling, i.e. the 1.3640 area. For now, we have to wait to see a breakout and then make a decision. @signal_apadana tlgrm {image}
Looking for a Buy should at least equate an hour candle close above the trend line while continuous inability to crossover keeps the sellers in control.

Your chart actually reveal my mindset.

Thanks.
Market Structure is the King.....
  • #861,024
  • Jun 6, 2025 4:17am Jun 6, 2025 4:17am
Quick Buy Entry @ 1.35308 sl 15 tp 1.35758
Keep the Lights on then you can catch the rise from the dark.
  • #861,025
  • Jun 6, 2025 4:45am Jun 6, 2025 4:45am
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  • #861,026
  • Edited 5:08am Jun 6, 2025 4:53am | Edited 5:08am
G/M, < 30day adr bullish-bodied but dly hammer type candle y/day, and the pullback off y/day hi/the new current mthly & yrly hi continues today so far with a current dly lo @ the 23.6% of the 3250-3616 move. @ the current dly lo price had given back over 50% of the week's gains so far.
So, 1st upside b/o of last wk's 3593 hi proves false, and so far today we have had a 1st downside b/o of first the asian lo, then y/day's lo, - both of which are holding true so far. To the downside 3516-09 is a 4 fib cluster.

Could a soft NFP print (re ADP #) later see price go towards/beyond y/day's hi? We'll see.

EDIT: changed chart to include fibs of current dly hi-lo move.

1hr below
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Trader with an Edge.
  • #861,027
  • Jun 6, 2025 5:20am Jun 6, 2025 5:20am
...bit of a bounce up from the 23.6% fib level mentioned in post above.

4hr below
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Trader with an Edge.
  • #861,028
  • Jun 6, 2025 5:36am Jun 6, 2025 5:36am
GBPUSD H1 chart from a geometrical view
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  • #861,029
  • Jun 6, 2025 5:38am Jun 6, 2025 5:38am
...depends how you draw it, but 4hr is probably still in some kind of rising (equidistant) channel?

4hr below
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Trader with an Edge.
  • #861,030
  • Jun 6, 2025 5:43am Jun 6, 2025 5:43am
Quoting Headland
...depends how you draw it, but 4hr is probably still in some kind of rising (equidistant) channel? 4hr below {image}
it doesn't depend on anything...i just use a scale graph
  • #861,031
  • Jun 6, 2025 5:48am Jun 6, 2025 5:48am
Quoting carbonmimeti
{quote} it doesn't depend on anything...i just use a scale graph
Hi. I don't doubt it.
Trader with an Edge.
  • #861,032
  • Jun 6, 2025 5:48am Jun 6, 2025 5:48am
Quoting Headland
...depends how you draw it, but 4hr is probably still in some kind of rising (equidistant) channel? 4hr below {image}
Can you put these on 1 hour chart. ?

Thanks.
Market Structure is the King.....
  • #861,033
  • Jun 6, 2025 5:53am Jun 6, 2025 5:53am
Quoting Abeylyn
{quote} Can you put these on 1 hour chart. ? Thanks.
Hi, same equidistant channel plotted on a 1hr chart

1hr below
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Trader with an Edge.
  • #861,034
  • Jun 6, 2025 6:03am Jun 6, 2025 6:03am
GBPUSD 4H chart
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  • #861,035
  • Jun 6, 2025 6:05am Jun 6, 2025 6:05am
Quoting carbonmimeti
GBPUSD 4H chart {image}
That ain't nothin! Look @ this
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Trader with an Edge.
  • #861,036
  • Jun 6, 2025 6:06am Jun 6, 2025 6:06am
Quoting signlapadana
In the scenarios I presented this morning, the price started to grow from near the first area we were considering before reaching it and grew strongly, but now it is fluctuating at the second level, 3341, and this scenario was activated. @signal_apadana tlgrm {image} {image}
Hi, notheretoprovidesignals. Trendlines are a lot more accurate than you think. Also, they come with rules.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #861,037
  • Jun 6, 2025 6:15am Jun 6, 2025 6:15am
Souhld be good entry ?
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  • #861,038
  • Jun 6, 2025 6:15am Jun 6, 2025 6:15am
red one is probably broke, blue is live
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #861,039
  • Jun 6, 2025 6:21am Jun 6, 2025 6:21am
Quoting Headland
{quote} Hi, same equidistant channel plotted on a 1hr chart 1hr below {image}
Thanks for the chart.

The equidistant channel on hourly chart shows higher probability for Bull run while 4 hourly favors the Bear.

I am still looking to Buy on hourly chart.
Market Structure is the King.....
  • #861,040
  • Jun 6, 2025 6:26am Jun 6, 2025 6:26am
Quoting carbonmimeti
GBPUSD 4H chart {image}
You must be a genius.

Honestly, these will take 100 years for me to learn.

Is there any Indicator that can plot this graph. The circle edge seems to equate a good Resistant points.
Market Structure is the King.....
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