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Cable Update (GBPUSD)

  • #873,261
  • Mar 23, 2026 6:44am Mar 23, 2026 6:44am
I kinda knew GU wouldnt be ablle to get below 3200 area by much. My TP was 3200. There is a lot of stacked buy volume around 3200 and slightly below. Below that there was not much volume and would have precipitated a fall to around 2800s. That was never going to happen!

Looking at my charts and indicators, price should rotate now to 3647. And this should hit before the week ends.
  • #873,262
  • Mar 23, 2026 6:49am Mar 23, 2026 6:49am
... wow wow wow! It's what we as traders live for. Volatility and Momentum,! and as a poster above said, it was brutal re many buy stops for short positions. Great short @ the top though in pot 1hr and 1hr/4hr res zone (s.) Then a chance to buy again @ a discount too, from a pot 1hr rbs zone, after the savage downside p/back from what is now CDH/CWH, - both via the sub 15min triggers.

1hr below
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Trader with an Edge.
  • #873,263
  • Mar 23, 2026 6:49am Mar 23, 2026 6:49am
Bullish on GU expecting it to test 1.3480-1.3530 area soon.
  • #873,264
  • Mar 23, 2026 6:53am Mar 23, 2026 6:53am
Quoting dude007
Bullish on GU expecting it to test 1.3480-1.3530 area soon.
Yeah, at least 3550.
  • #873,265
  • Mar 23, 2026 7:04am Mar 23, 2026 7:04am
Iranian media say no direct or indirect contact with Trump, claim he ‘backed down’

Iran’s Fars news agency, citing an unnamed Iranian source, says there has been no direct contact with US President Donald Trump, “not through an intermediary”.
The source claimed Trump “backed down” after being warned that Iran would target power plants. The report added that Trump had said talks with Iran were under way, despite the source denying any such communication. The claims could not be independently verified, and there has been no immediate comment from US officials.
  • #873,266
  • Mar 23, 2026 7:12am Mar 23, 2026 7:12am
Yes yes yes
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yes yes yes
  • #873,267
  • Mar 23, 2026 7:13am Mar 23, 2026 7:13am
I'm in a buy. TP set at 3647.
  • #873,268
  • Mar 23, 2026 7:17am Mar 23, 2026 7:17am
Quoting Guy1969
Iranian media say no direct or indirect contact with Trump, claim he ‘backed down’ Iran’s Fars news agency, citing an unnamed Iranian source, says there has been no direct contact with US President Donald Trump, “not through an intermediary”. The source claimed Trump “backed down” after being warned that Iran would target power plants. The report added that Trump had said talks with Iran were under way, despite the source denying any such communication. The claims could not be independently verified, and there has been no immediate comment from...

Hi. Lol. They always say that the 1st casualty of war is the truth! To which Trump adds a whole new level. You don't know who to believe.
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...some 3min and below ranginess now between the CDH/CWH and the current p/back lo of the CDL-CDH move up. 1st upside b/o of today's AH remains true after the bounce back up off it from the said current p/back lo.

1hr below
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Trader with an Edge.
  • #873,269
  • Mar 23, 2026 7:23am Mar 23, 2026 7:23am
that tweet threw oil right out of the window! despite a move up we could see a move to 8000
Insane in the Brain..
  • #873,270
  • Mar 23, 2026 7:27am Mar 23, 2026 7:27am
I have a feeling N/A session will be very "colorful". There are commentary that EU nations had discussions with Iran over the weekend, looks like Trump imagined himself partaking.
  • #873,271
  • Mar 23, 2026 7:29am Mar 23, 2026 7:29am
Quoting Guy1969
I have a feeling N/A session will be very "colorful". There are commentary that EU nations had discussions with Iran over the weekend, looks like Trump imagined himself partaking.
Those EU countries can hardly do anything without the US. I believe Trump on this matter over the guys in Iran. I believe that both Trump and Iran are actually correct. Both parties say different things for their target audience. It's an art. Politicians don't speak the kind of truth the citizens seek.
  • #873,272
  • Mar 23, 2026 7:33am Mar 23, 2026 7:33am
And one has to wonder why Iran blocked internet access. As of today, Iran’s internet blackout enters day 24.
  • #873,273
  • Mar 23, 2026 7:33am Mar 23, 2026 7:33am
Quoting BeeTogether
that tweet threw oil right out of the window! despite a move up we could see a move to 8000
Hi, again, what a move!
---------------------------

Quoting Guy1969
And one has to wonder why Iran blocked internet access. As of today, Iran’s internet blackout enters day 24.
One reason/scenario might be that Trump threatened energy plant strikes knowing that if the country loses energy for any extended period, the people might come out in their millions and overthrow the regime, - so regime holds talks, (direct or indirect,) and of course the internet blackout is beacuse they want to control the info getting to the Iranian people, so they don't look weak? It's one scenario amongst others.
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... 1hr and 4hr are rangy right now, but obviously Intraday is overall bullish right now, and within that 1hr and 4hr ranginess we have that parabolic move up, and subsequent steep/deep downside p/back, from the CDH.

4hr below
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Trader with an Edge.
  • #873,274
  • Mar 23, 2026 7:53am Mar 23, 2026 7:53am
Yes , go higher mf
Yessssss
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yes yes yes
  • #873,275
  • Mar 23, 2026 8:18am Mar 23, 2026 8:18am
It's almost two months, and feels like a century of chaos ....... well it's the "crazy" world where struggle for the fittest, dominates life equation ....... and only if the wishes of the many could be realised, of which it accounts the majority, whose opinions is pinch of salt in the ocean, then HARMONY would be the oxygen that fills the lungs of every BEING in this wonderful world....
to the charts until current month low is violated my bias is short
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #873,276
  • Mar 23, 2026 8:24am Mar 23, 2026 8:24am
Quoting msqk
It's almost two months, and feels like a century of chaos ....... well it's the "crazy" world where struggle for the fittest, dominates life equation ....... and only if the wishes of the many could be realised, of which it accounts the majority, whose opinions is pinch of salt in the ocean, then HARMONY would be the oxygen that fills the lungs of every BEING in this wonderful world.... to the charts until current month low is violated my bias is short
Evil never takes a day off.
  • #873,277
  • Mar 23, 2026 8:39am Mar 23, 2026 8:39am
...An equal CDH/CWH with more supply causes the drop down from it that started 30+ mins ago, into the big wide prev 30min sw hi zone = prev rbs x 1 = pot rbs.

1hr below
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Trader with an Edge.
  • #873,278
  • Mar 23, 2026 8:53am Mar 23, 2026 8:53am
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yes yes yes
  • #873,279
  • Mar 23, 2026 9:06am Mar 23, 2026 9:06am
Not sure the madness is over..
  • #873,280
  • Mar 23, 2026 9:10am Mar 23, 2026 9:10am
...that last 4hr close shown below bullishly engulfed the previous x10 candles on that t/f. Still overall rangy on that t/f right now, but obviously most recently with a bullish bias. 'Buy the dip' bulls are trying aren't they?


4hr below
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Trader with an Edge.
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