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Cable Update (GBPUSD)

  • #874,041
  • Apr 17, 2026 12:02pm Apr 17, 2026 12:02pm
It's now a game of who will blinks first. I honestly cannot see Iran giving up 10% capacity on each Oil well, 10% that they'll never get back. The US know that they have the upperhand here.
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  • #874,042
  • Apr 17, 2026 12:54pm Apr 17, 2026 12:54pm
Quoting W0lfram
{quote} As of this morning the Options market wasn't pricing meaningful rally (but data is delayed up to 1 day): ~1.3575 - call build 1.36 - mixed OI change, range ceiling 1.3625+ - light interest --------- 1.35 - first magnet 1.345 - active roll zone 1.335 - primary target Monthly contract expires 08.05.26 added @ 1.3585 and 1.183 EU {image}
I am not familiar with that chart. Where's the explanation? Is there a link?

Thanks.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #874,043
  • Apr 17, 2026 1:29pm Apr 17, 2026 1:29pm
Quoting TooSlow
{quote} I am not familiar with that chart. Where's the explanation? Is there a link? Thanks. Cheers!
It's CME Options Open Interest heatmap
Explanation/interpretation is there. I posted my view of wkly OI dynamics and current state based on my experience working with this tool; I can't know the real intentions of those traders
Air force
  • #874,044
  • Apr 17, 2026 2:00pm Apr 17, 2026 2:00pm
Quoting Wavegarrick
{quote} Nothing goes up in a straight line, so I do anticipate a pullback from the 20th to month end. Trade well. {image}
Thinking out loud, New Moon today.
Trade to trade another day
  • #874,045
  • Apr 17, 2026 4:19pm Apr 17, 2026 4:19pm
An interesting Daily close.. more 'expressive' on EU (although I always say that candles themselves have no predictive power)
The only thing that can support the bulls, IMHO, is the macroeconomic situation/TACO/reverse TACO
Air force
  • #874,046
  • Apr 17, 2026 7:02pm Apr 17, 2026 7:02pm
Quoting W0lfram
{quote} It's CME Options Open Interest heatmap Explanation/interpretation is there. I posted my view of wkly OI dynamics and current state based on my experience working with this tool; I can't know the real intentions of those traders
Thanks again, Mate.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #874,047
  • Apr 18, 2026 12:40am Apr 18, 2026 12:40am
Quoting Whale
Dxy hold or fold {image}
hold?
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  • #874,048
  • Apr 18, 2026 5:08am Apr 18, 2026 5:08am
Quoting Georginson
{quote} [...] Year 2018 had double tops at 1.43 (Jan and April 17) if we are to see such similarities in 2026, could it be a sign of 1.38 under attack again in April? [...]
Very intriguing to watch how it develops.
If it holds at least for this month...
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Air force
  • #874,049
  • Apr 18, 2026 5:17am Apr 18, 2026 5:17am
W/e summary

* 115% of 6mth amr already traveled by price so far this month. Price closes the week above the Mthly Pivot (which is @/around 328,) and in fact above Mthly R1. The mthly candle thus far is looking bullish.
* The > 13wk awr (101%) wkly candle closes bullishly, and would have closed @ least with a bullish-body even without the week's opening gap down. The week closes with this t/f still rangy. The week opened and closes above it's now old Wkly Pivot.
* Fri's < 30dar adr (87%) dly candle is the 3rd bearish-bodied candle consecutively, (a pinbar candle,) on this t/f. The t/f closes the week possibly going into a new uptrend,? depending on whether the 3380/81 LWL holds, and a new HL or L is printed above it.
* The 4hr t/f closes the week in a general uptrend with a sharp downside p/back from Fri's hi, (YH) / now LWH, @ 3599. It's last candle close was a bearish thrust candle.

61.8% of the 3870-3159 (CYH-CYL) down-move is @ what is now LWH/CMH. 3 x 4hr attempts now to get north of the prev dly/4hr sw lo zone = prev sbr x 3 = pot sbr that starts @ 3595, and on dly t/f extends to circa 3614, in which this fib and one other resides.

This instrument/market, as with others, still remains @ the mercy of specific geopolitical events, and can react to any w/e events, @ the new open.

Wkly, then Dly, then 4Hr, below
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Trader with an Edge.
  • #874,050
  • Apr 18, 2026 8:13am Apr 18, 2026 8:13am
Based on Geopolitical developments after market close, we are in for red on Monday.
  • #874,051
  • Apr 18, 2026 10:23am Apr 18, 2026 10:23am
Quoting Guy1969
Based on Geopolitical developments after market close, we are in for red on Monday.
Will depend a lot on what happens this weekend during the negotiations.
  • #874,052
  • Apr 18, 2026 10:58am Apr 18, 2026 10:58am
Not a single thing Trump farted y'day is true. *anyone surprised?*
No meeting this weekend.
------------------
Btw if they send Vance anywhere, the mission is doomed automatically
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Air force
  • #874,053
  • Apr 19, 2026 5:32am Apr 19, 2026 5:32am
Inserted Video
  • #874,054
  • Apr 19, 2026 6:31am Apr 19, 2026 6:31am
Let's see whether monthly close will be < 1.352
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Air force
  • #874,055
  • Apr 19, 2026 11:05am Apr 19, 2026 11:05am
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yes yes yes
  • #874,056
  • Apr 19, 2026 2:49pm Apr 19, 2026 2:49pm
The GBPUSD price action on the H4 time frame retested the 1.35080 intra-day horizontal support on Friday. Technically, we may still see bullish challenge or correction in the early part of this week before further southward price engineering.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #874,057
  • Apr 19, 2026 3:22pm Apr 19, 2026 3:22pm
GBPUSD_H4.
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  • #874,058
  • Apr 19, 2026 3:30pm Apr 19, 2026 3:30pm
EURUSD_H4.
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  • #874,059
  • Apr 19, 2026 3:33pm Apr 19, 2026 3:33pm
Quoting Guy1969
GBPUSD_H4. {image}
What are the black lines representing?

Thanks, Mate.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #874,060
  • Apr 19, 2026 3:38pm Apr 19, 2026 3:38pm
Quoting TooSlow
{quote} What are the black lines representing? Thanks, Mate. Cheers!
Hi, I watch those zones for price reaction, decision points. Looking left, those are the areas that either provided support/resistance.
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