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Forgediron

  • #81
  • Edited 10:57pm May 27, 2026 12:28pm | Edited 10:57pm
Quoting alenalex
{quote} It's quite possible, and maybe even tomorrow, if the releases are in favor of the usd (sorry for the translator)
It looks like logical support to target
We're just retesting yesterdays low now
Leave Israel alone and Palestine will be free
  • #82
  • May 27, 2026 1:07pm May 27, 2026 1:07pm
Quoting Forgediron
{quote} It looks like logical support to target We're just retesting yesterdays low now
which is logical support now
  • #83
  • May 27, 2026 1:32pm May 27, 2026 1:32pm
Quoting Aliharisbutt
{quote} which is logical support now
we are below yesterdays low, so it acts as resistance.
the 1hr shows this more clearly
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Leave Israel alone and Palestine will be free
  • #84
  • May 27, 2026 10:57pm May 27, 2026 10:57pm
Quoting Forgediron
{quote} It looks like logical support to target We're just retesting yesterdays low now
1.34 offered little in the way of support, not that I'm complaining

A decent sell area just above
Attached Image(s) (click to enlarge)
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Leave Israel alone and Palestine will be free
  • #85
  • May 27, 2026 11:02pm May 27, 2026 11:02pm
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Leave Israel alone and Palestine will be free
  • #86
  • May 28, 2026 12:00am May 28, 2026 12:00am
Quoting Forgediron
{image}
Sometimes the price moves faster than the speed of thought. 1.32 is a very realistic target; it won't be reached this month, but it's quite possible next month.
  • #87
  • May 28, 2026 12:05am May 28, 2026 12:05am
Quoting alenalex
{quote} Sometimes the price moves faster than the speed of thought. 1.32 is a very realistic target; it won't be reached this month, but it's quite possible next month.
Yep, it’s unpredictable at times; a few weeks ago was a massacre for me.
I’m actually thinking a revisit of 1.3
Leave Israel alone and Palestine will be free
  • #88
  • May 28, 2026 12:16am May 28, 2026 12:16am
Quoting Forgediron
{quote} Yep, it’s unpredictable at times; a few weeks ago was a massacre for me. I’m actually thinking a revisit of 1.3
This is a very good TP level for your short.
  • #89
  • May 28, 2026 1:23am May 28, 2026 1:23am
Quoting Forgediron
{quote} It looks like logical support to target We're just retesting yesterdays low now
We didn't actually retest Tuesday's low of 1.34343 after the clean break yesterday (1 pip off)

It would almost definitely be a good sell point if we get there
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Click to Enlarge Name: GBPUSDH4.png Size: 31 KB
Leave Israel alone and Palestine will be free
  • #90
  • Edited 2:07am May 28, 2026 1:27am | Edited 2:07am
Quoting Forgediron
{quote} 1.34 offered little in the way of support, not that I'm complaining A decent sell area just above {image} {image}
I actually now think it could go higher towards Tuesdays low of 1.34343 as mentioned above
, but I’m not long.
Leave Israel alone and Palestine will be free
  • #91
  • May 28, 2026 11:20pm May 28, 2026 11:20pm
Quoting Forgediron
{quote} We didn't actually retest Tuesday's low of 1.34343 after the clean break yesterday (1 pip off) It would almost definitely be a good sell point if we get there {image} {image}
We are back in the marked zone.
I see a complex bearish H&S pattern, but have moved my stop just in case
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Leave Israel alone and Palestine will be free
  • #92
  • May 29, 2026 1:55am May 29, 2026 1:55am
Quoting Forgediron
{quote} We are back in the marked zone. I see a complex bearish H&S pattern, but have moved my stop just in case {image}
So far so good
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Leave Israel alone and Palestine will be free
  • #93
  • May 29, 2026 2:31am May 29, 2026 2:31am
Quoting Forgediron
{quote} So far so good {image}
if we get a daily close below 1.3350, then the door opens to 1.3-
Leave Israel alone and Palestine will be free
  • #94
  • Edited 3:03am May 29, 2026 2:34am | Edited 3:03am
Quoting Forgediron
{quote} if we get a daily close below 1.3350, then the door opens to 1.3-
keep an eye on 1.3377 as a future sell point if we close below 1.3350
Leave Israel alone and Palestine will be free
  • #95
  • May 29, 2026 7:11am May 29, 2026 7:11am
This figure is a little confusing, but it will be even more interesting next week.
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  • #96
  • May 29, 2026 8:24am May 29, 2026 8:24am
Quoting alenalex
This figure is a little confusing, but it will be even more interesting next week. {image}
I have slept through all this.
I'm glad I moved my stop down.
Any retreat to what is now support, would target 3540 as a minimum I would think.
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Leave Israel alone and Palestine will be free
  • #97
  • May 30, 2026 3:42am May 30, 2026 3:42am
Quoting Forgediron
{quote} I have slept through all this. I'm glad I moved my stop down. Any retreat to what is now support, would target 3540 as a minimum I would think. {image}
I zoomed out on the weekly, and noticed we have been in a range for the last 12 months.
We also have daily rejection off a strong resistance level.

This has created a renewed perspective.

I do see the potential to still push up towards 1.35 again or a bit higher, but a firm rejection from that area back towards where we are now, would give me bearish thoughts TBH
Attached Image(s) (click to enlarge)
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Leave Israel alone and Palestine will be free
  • #98
  • May 30, 2026 9:14pm May 30, 2026 9:14pm
https://www.facebook.com/share/p/1Cr7evHCdP/
Leave Israel alone and Palestine will be free
  • #99
  • May 31, 2026 11:03pm May 31, 2026 11:03pm
Quoting Forgediron
https://www.facebook.com/share/p/1Cr7evHCdP/
  • #100
  • May 31, 2026 11:48pm May 31, 2026 11:48pm
Quoting Forgediron
{quote} I zoomed out on the weekly, and noticed we have been in a range for the last 12 months. We also have daily rejection off a strong resistance level. This has created a renewed perspective. I do see the potential to still push up towards 1.35 again or a bit higher, but a firm rejection from that area back towards where we are now, would give me bearish thoughts TBH {image} {image}
We may have a good week of quiet fishing between 1.34 and 1.35
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