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Cable Update (GBPUSD)

  • #872,841
  • Mar 9, 2026 6:09am Mar 9, 2026 6:09am
Quoting Bflyfx
eu support 1.1512
laser precision
I only follow traders with IQ above 160
Challenge Tour All Time Return: 516.5%
  • #872,842
  • Mar 9, 2026 6:35am Mar 9, 2026 6:35am
Risk assets is very jittery, a 100pip drop from here is not out of the question.
  • #872,843
  • Mar 9, 2026 7:21am Mar 9, 2026 7:21am
The daily shows the extent to which the bulls tried (and struggled) multiple times to get out of this zone. A fail here could see 1.3180 coming into play. Bear in mind, the H1, H4 are both still below the SMA200, and the SMA200 on the M30 is roughly where price is currently.
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  • #872,844
  • Mar 9, 2026 7:22am Mar 9, 2026 7:22am
went long oil at 9985 and the damn thing tanks lol, however its all ok its seems to be move in wild swings so another attempt of 11200 is not a bridge too far
Insane in the Brain..
  • #872,845
  • Mar 9, 2026 7:55am Mar 9, 2026 7:55am
EURNZD long hit its target but the price movement is quite volatile. NJ short moving closer to target as well
  • #872,846
  • Mar 9, 2026 8:13am Mar 9, 2026 8:13am
Quoting BeeTogether
went long oil at 9985 and the damn thing tanks lol, however its all ok its seems to be move in wild swings so another attempt of 11200 is not a bridge too far
Market Garden...
  • #872,847
  • Mar 9, 2026 8:36am Mar 9, 2026 8:36am
Closing my EU longs with some profit, I don't like this jittery feel on risk. On the sidelines, no open trades.
  • #872,848
  • Mar 9, 2026 9:09am Mar 9, 2026 9:09am
White House is mulling releasing oil from the SPR, but no formal decision has been made.
  • #872,849
  • Mar 9, 2026 9:10am Mar 9, 2026 9:10am
Quoting Guy1969
Closing my EU longs with some profit, I don't like this jittery feel on risk. On the sidelines, no open trades.
I also closed my buys with good profit. Watching now
  • #872,850
  • Mar 9, 2026 9:20am Mar 9, 2026 9:20am
Looking at the DXY Daily, I think we may have to consider a DXY above 100.00 this week.
  • #872,851
  • Mar 9, 2026 9:45am Mar 9, 2026 9:45am
Quoting Guy1969
Looking at the DXY Daily, I think we may have to consider a DXY above 100.00 this week.
I bought me some EU again. I think I might get 1600 thereabouts before another dump. Maybe, just maybe.
  • #872,852
  • Mar 9, 2026 10:05am Mar 9, 2026 10:05am
Quoting Mitiblotch
{quote} I bought me some EU again. I think I might get 1600 thereabouts before another dump. Maybe, just maybe.
That's a plan, they'll prob sweep above 1.16 then dump. I have a feeling EU will be toying with 01/08/2025 low of 1.1395 this week.
  • #872,853
  • Mar 9, 2026 10:27am Mar 9, 2026 10:27am
Crude_OIL Daily. This is one crazy chart, but seeing is believing. I don't think oil is done just yet.
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  • #872,854
  • Mar 9, 2026 10:36am Mar 9, 2026 10:36am
Quoting Georginson
Taking the Russia Ukraine war started February 24th 2022, GBPUSD and EURUSD crashed heavily till September that year. Now United States is directly involved in this war and Dollar is safe haven, this will mean a sustainable dollar strength as far as the war lingers. The principle of gap closure isn't working for now as last week's gap didn't close and here is another gap this week yet to close. Price build to 1.37 on GBPUSD is similar to this current multi year high of 1.3867. This means that the market makers had to shoot the prices up in preparation...
We share same analysis on Institutional Macro direction.

Yes, Sell Sell Sell GU... but the basic problem, from what price are we Selling to avoid heavy draw down, again what happens if I just Sell at pullback and MM decide to change Sentiment ?

This is why it is difficult except for someone with strong resilience and tolerance.
Market Structure is the King.....
  • #872,855
  • Mar 9, 2026 10:43am Mar 9, 2026 10:43am
Going long GBPAUD, targeting 1.9130.
  • #872,856
  • Mar 9, 2026 10:49am Mar 9, 2026 10:49am
Quoting Abeylyn
{quote} We share same analysis on Institutional Macro direction. Yes, Sell Sell Sell GU... but the basic problem, from what price are we Selling to avoid heavy draw down, again what happens if I just Sell at pullback and MM decide to change Sentiment ? This is why it is difficult except for someone with strong resilience and tolerance.
For me, reading the GU key levels are clear. Price is currently at the SMA100 on the Daily, and that is strong resistance. At the same time, on the H4 chart, the SMA50 is stalling price. GU bulls therefor has to take, and stay above the D1 SMA100 for this is turn bullish. 1.34 is the key, above bullish, below bearish.
  • #872,857
  • Mar 9, 2026 10:50am Mar 9, 2026 10:50am
Quoting Guy1969
Crude_OIL Daily. This is one crazy chart, but seeing is believing. I don't think oil is done just yet. {image}
exactly. we can have another rocket further upside overnight , the dump will be if there is some stability in oil supply
Insane in the Brain..
  • #872,858
  • Mar 9, 2026 11:19am Mar 9, 2026 11:19am
Long GBPNZD, target 1.2760.
  • #872,859
  • Mar 9, 2026 11:19am Mar 9, 2026 11:19am
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H. What would you say about 1.34 50 . . .? ? ?

  • #872,860
  • Mar 9, 2026 11:31am Mar 9, 2026 11:31am
another oil drop.. and a decent bounce something strange going on. looking for 9000 before i go long
Insane in the Brain..
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