Cable Update (GBPUSD)

Looks like we will see yesterday's low again today

The stochastic works better than the cci, giving earlier signals.
Yes, sometimes there are mistakes, but if you go with the trend, you get good results.
the cci gave 0 pips trades

(Deep analysis for today news)

My Analysis (Before Data Release):

 

1. ADP Employment Change (forecast: 73K, previous: 104K)
   1. Forecast is lower than last month.
   2. Suggests weaker job growth.
      Chance USD weakens: ~60%

   
   
   

2. Unemployment Claims (forecast: 230K, previous: 229K)
   1. Almost the same as before.
   2. Neutral, won’t change much.
      Neutral impact: ~20%

   
   
   

3. ISM Services PMI (forecast: 50.9)
   1. Above 50 = expansion, but not very strong.
   2. Slightly supportive for USD.
      Chance USD strengthens: ~20%

   
   
   

Overall Probability (My View):

1. USD Weakens → ~60%
2. USD Strengthens → ~30%
3. Neutral → ~10%

Hi I'm Aayush.j

for 15 pips or until opposite signal

stubborn mf !!!!

ty

bullshit market

Good resistance 1.3460. we going down to 1.3200

the moment this mf will dropped , then you will see firework from the bulls at the gu

im in this trade

for 15 pips again

Looking like yet another GREEN day for GOLD...

yeap, whole month or more in ranging mode of 150pips... bored as hell

i realize im beginning to sound like a broken record so i had google AI make an image

GU is bullish and shud see 3800 in next couple weeks like i been sayin since end of july....when it reaches that level ill post those old quotes to brag

Gold target hit

I was too but it’s gone a bit limp now. Taken a short potential touching below 3530 towards the 3310-20 area for a move up later

Buy GBP/USD
Exit if candle close below stop loss level ( on 1H )

Waiting since morning for good price for target today/ day target at down!
Below 3396 to 3354 ok if
Too up and down doing, now need 3417 breaks and hold first , and confirmation 3395 , 3400 also sr

The chart shows the EUR/USD pair in a consolidation phase or a ranging market. Price is trading within a well-defined horizontal channel after a prior uptrend. The most recent price action shows a rejection from the top of the range, suggesting short-term bearish momentum.

Key Observations

1. Asset: Euro / U.S. Dollar (EUR/USD)
2. Timeframe: 4-Hour (4H)
3. Market Structure: Ranging / Sideways Consolidation. Price has been oscillating between approximately 1.1574 and 1.1735 since mid-August.

Key Levels
The zones drawn on the chart highlight critical areas of supply and demand.

1. Resistance (Supply) Zones:
   1. Immediate Resistance: The red zone between 1.1735 and 1.1750 is the most significant immediate resistance. The price tested this area twice (around Aug 24 and Sep 2), forming a double top pattern, which is a bearish reversal signal. The sharp rejection from this level confirms a strong presence of sellers.
   2. Higher Resistance: Further resistance levels are marked in orange at 1.1788 and 1.1829. These would be the next targets if bulls manage to break through the immediate resistance.

2. Support (Demand) Zones:
   1. Immediate Support: The first significant support level is the green zone between 1.1574 and 1.1583. This is the bottom of the current trading range.
   2. Lower Support: A stronger historical support level is marked lower down at 1.1527.

3. Mid-Range "Flip" Zone:
   1. The grey zone around $1.1593 - 1.1600 is a crucial internal level. It has previously acted as both support and resistance, making it a pivot point to watch. The current price is approaching this area from above.

Price Action Analysis

1. Bearish Rejection: The most recent price action shows a strong rejection from the 1.1735 resistance area. The long upper wick on the candle that touched this level on September 2nd, followed by several consecutive bearish candles, indicates strong selling pressure.
2. Short-Term Downtrend: Since the rejection, the price has been forming a series of lower highs and lower lows, confirming a short-term bearish trend within the larger range.
3. Current Position: The price is currently trading around 1.1636, moving down towards the mid-range support level (~1.1600).

Potential Scenarios

1. Bearish Scenario (Higher Probability): Given the double top formation and the strong rejection, the path of least resistance appears to be downwards. The price is likely to test the mid-range support around 1.1600. If this level breaks, the next target would be the bottom of the range at the $1.1574 - 1.1583 support zone.
2. Bullish Scenario (Lower Probability): For a bullish reversal, the price would need to find strong buying support at the current levels or at the 1.1600 pivot zone and start forming higher lows. A definitive bullish signal would be a sustained break and close above the 1.1750 resistance, which would invalidate the double top and open the way to test higher resistance levels like 1.1788.
3. Continued Ranging: The price could continue to be choppy and respect the key levels, bouncing between the support at 1.1574 and the resistance at 1.1735 without a clear breakout.

Disclaimer: This is a technical analysis based on the provided chart and should not be considered financial advice. Market conditions can change rapidly, and you should always conduct your own research before making any trading decisions.

12 hrs of pingpong, exit @3418 gud instead of nothing.
I've stretched my patience to near snap.
I knew the bull breakout @ 3418 was to be mitigated taking advantage of pullback as a ride on,
however my expectation was short changed.
My view of the current, BULL is intact, now PA indicating pullback is exhausted, is the only remaining factor,
stalling @ 3418, but PA is yet

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