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Cable Update (GBPUSD)

  • #873,781
  • Apr 9, 2026 12:22pm Apr 9, 2026 12:22pm
Quoting Forgediron
{quote} Good work Amigo. seriously, I thought we were going lower this week. stupid ceasefire check out 1.36 above on the weekly {image}
Thanks bud.
1.36 is a good resistance area. Let's see how it plays out. Bulls have work to do.
Cheers.
Trade to trade another day
  • #873,782
  • Apr 9, 2026 12:45pm Apr 9, 2026 12:45pm
Quoting Georginson
{quote} I studied each bearish daily candle and discovered that none have open to high price of 50 pips or more. This means that if today's candle fail to move at least 45 pips above today's open, then the candle will be bearish today. Also noteworthy that this week already produced 307 pips range and the Maximum range for this week in this year so far is 320 pips, which means 98% of the weekly range is complete and we have just today and tomorrow left to end the week. I expect at least 150 pips retracement from the high of 1.3483 which takes us...
You're right.
For me, GU is 52pips
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  • #873,783
  • Apr 9, 2026 12:55pm Apr 9, 2026 12:55pm
Quoting Wavegarrick
{quote} Thanks bud. 1.36 is a good resistance area. Let's see how it plays out. Bulls have work to do. Cheers.
We are in the second quarter of the year and April marks the first month of the second quarter which usually produces 450 to 520 pips exactly like January.

Here are the possible scenarios (Simulations)

April expected range 500 pips
✓Current Low 1.3175 + 500 pips = 1.3675
✓Current High 1.3483 - 500 pips = 1.2983

1.3675 OR 1.2983 to happen

Decider Stat
1.3675 + 1.2983 ÷ 2 = 1.3330

✓Above 1.3330 points at 1.3675
✓Below 1.3330 points at 1.2983

Watch out for either of these prices.
Data + Stat + Risk/Emotions Management
  • #873,784
  • Apr 9, 2026 1:06pm Apr 9, 2026 1:06pm
Comments attributed to Supreme Leader Mojtaba Khamenei by Iran’s state TV:

  1. Iran is still awaiting an appropriate reaction from its southern neighbours so that it can “show you our brotherhood”.
  2. Iran will seek retribution for attacks on it and will take management of the Strait of Hormuz into a new phase.
  3. Iran is resolute in taking revenge for its late Supreme Leader and its martyrs.
  4. People should not leave the streets despite “negotiations with [the] enemy”.

We'll no doubt see the market response to this.

  • #873,785
  • Apr 9, 2026 1:16pm Apr 9, 2026 1:16pm
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yes yes yes
  • #873,786
  • Apr 9, 2026 1:32pm Apr 9, 2026 1:32pm
The market didn't like those comments, taking partial profits on risk shorts here, GU 26p, EU 25p and AU 18p.
  • #873,787
  • Apr 9, 2026 2:18pm Apr 9, 2026 2:18pm
Quoting Georginson
{quote} We are in the second quarter of the year and April marks the first month of the second quarter which usually produces 450 to 520 pips exactly like January. Here are the possible scenarios (Simulations) April expected range 500 pips ✓Current Low 1.3175 + 500 pips = 1.3675 ✓Current High 1.3483 - 500 pips = 1.2983 1.3675 OR 1.2983 to happen Decider Stat 1.3675 + 1.2983 ÷ 2 = 1.3330 ✓Above 1.3330 points at 1.3675 ✓Below 1.3330 points at 1.2983 Watch out for either of these prices.
George,
Nice observation. We have spent 3 months from the yearly open at 1.340 ish trekking down to 1.31 area and have moved back up exactly where we started the year. We are in the first 8 days of the second quarter of the year, and I get bullish signals which signifies that quarterly levels are important. range from yearly open to low is about 400 pips which aligns to about 1.37 on the up move for the second quarter.
All the best,
Trade to trade another day
  • #873,788
  • Apr 9, 2026 3:41pm Apr 9, 2026 3:41pm
GBPUSD_H1. This is my GU trading range for next week. A potential low of 1.3280/5 and a high of 1.3605.
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  • #873,789
  • Apr 9, 2026 3:53pm Apr 9, 2026 3:53pm
EURUSD_H1. This is my EU trading range for next week. A potential low of 1.1570 and a high of 1.1850.
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  • #873,790
  • Apr 9, 2026 4:10pm Apr 9, 2026 4:10pm
DXY_H1.
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  • #873,791
  • Apr 9, 2026 4:43pm Apr 9, 2026 4:43pm
Long USDCHF, target m30 SMA200/0.7955
.
  • #873,792
  • Apr 9, 2026 8:08pm Apr 9, 2026 8:08pm
GU: H4
Many unexpected things can happen today. Trade Safe.
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Intraday Trading is an Art _ hoda
  • #873,793
  • Apr 9, 2026 9:09pm Apr 9, 2026 9:09pm
Quoting Georginson
{quote} I studied each bearish daily candle and discovered that none have open to high price of 50 pips or more. This means that if today's candle fail to move at least 45 pips above today's open, then the candle will be bearish today. Also noteworthy that this week already produced 307 pips range and the Maximum range for this week in this year so far is 320 pips, which means 98% of the weekly range is complete and we have just today and tomorrow left to end the week. I expect at least 150 pips retracement from the high of 1.3483 which takes us...
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This made me curious. The stats are for the last 100 days. High minus Open for red days and Open minus Low for green days.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #873,794
  • Apr 9, 2026 9:13pm Apr 9, 2026 9:13pm
Quoting Georginson
{quote} I studied each bearish daily candle and discovered that none have open to high price of 50 pips or more. This means that if today's candle fail to move at least 45 pips above today's open, then the candle will be bearish today. Also noteworthy that this week already produced 307 pips range and the Maximum range for this week in this year so far is 320 pips, which means 98% of the weekly range is complete and we have just today and tomorrow left to end the week. I expect at least 150 pips retracement from the high of 1.3483 which takes us...
Attached Image (click to enlarge)
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Thought it might be useful to see High - Open on green days for a comparison.

Cheers, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #873,795
  • Apr 9, 2026 9:31pm Apr 9, 2026 9:31pm
Closing second set of risk shorts here, GU 36p, EU 34 and AU 24p. My long risk entries will be during the N/A session.
  • #873,796
  • Apr 9, 2026 11:03pm Apr 9, 2026 11:03pm
GOLD_H1.
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  • #873,797
  • Apr 10, 2026 1:02am Apr 10, 2026 1:02am
Quoting Guy1969
Closing second set of risk shorts here, GU 36p, EU 34 and AU 24p. My long risk entries will be during the N/A session.
I think GU is destined to reach the lower 3300s. It's just a bit slow.
  • #873,798
  • Apr 10, 2026 1:14am Apr 10, 2026 1:14am
Quoting hoda
GU: H4 Many unexpected things can happen today. Trade Safe. {image}

hey hoda, good to see you posting charts, i missed them;-)
trading is like dancing, don't think and just listen to the music!
  • #873,799
  • Apr 10, 2026 2:46am Apr 10, 2026 2:46am
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yes yes yes
  • #873,800
  • Apr 10, 2026 2:48am Apr 10, 2026 2:48am
...some encouraging noises from both sides yesterday London afternoon re the ceasefire, (after the initial problems with it,) but these have given way to more misgivings/recriminations from both sides, resulting in a tempering of any risk-on appetite again. This pairing got bought yesterday after the 102pip downside p/back of the week's main 3178 CWL- 3484 CWH move-up, but no new hi was achieved, and a mini 1hr range/consolidation between the 3484 CWH and said p/back lo @ 3381 YL has resulted. Of course it follows that there has been no 2nd upside b/o of the wider 4hr range either. Bulls are trying, off the CDL. AH is still presently the CDH.

Based on the last 20 instances that there were 4 x bullish-bodied dly candles, there is a 65% probability of a 5th today.

1hr below
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