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Cable Update (GBPUSD)

  • #875,181
  • Jun 17, 6:42am (4 hr ago) Jun 17, 6:42am (4 hr ago)
Quoting AK.47
{quote} Yea I just woke up to ts Market aint respecting NOTHING. The DXY gap still needs to be filled from last week. Eventually it will, we were not wrong. Just early!
I am still looking for buy's bro this can't be right hahahaha frfr we are truly early on ts, price eventually reached where I anticipated before where I mentioned on a post that I entered short targeting 1.3400 and it just hit now smh the market is doing us dirty
  • #875,182
  • Jun 17, 6:46am (4 hr ago) Jun 17, 6:46am (4 hr ago)
Im still looking for a long entry at 1.3397 if we get a rejection there , if not then ill wait until price breaks below and ill look for shorts as price will most probably will want to take out the lows at 1.3330.
  • #875,183
  • Jun 17, 7:04am (4 hr ago) Jun 17, 7:04am (4 hr ago)
Quoting Gbpusdfreakk
Im still looking for a long entry at 1.3397 if we get a rejection there , if not then ill wait until price breaks below and ill look for shorts as price will most probably will want to take out the lows at 1.3330.
Understandable bro, Currently at a short after the Consolidation breakout and multiple 5m confirmation. Also got the Hourly break 2 minutes ago. Targeting 1.3392 from where I expect it to base its direction. If it breaks below and doesn't wick out on a HTF, then I'll follow the trend and look to fill the gap over the days.

If not, then a reversal from 1.3392 ish here is expected. Market's done it 4 times before.
  • #875,184
  • Jun 17, 7:23am (3 hr ago) Jun 17, 7:23am (3 hr ago)
I think we are still trending lower...expect more weakness under 1.3380...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 23 KB
Get the Lag out
  • #875,185
  • Jun 17, 7:56am (3 hr ago) Jun 17, 7:56am (3 hr ago)
I had my long entry at 1.3397 , price rejected at 1.3399, if price successfully breaks above 1.3421 there is a high probability we could be facing a reversal to the upside !!
  • #875,186
  • Jun 17, 8:00am (3 hr ago) Jun 17, 8:00am (3 hr ago)
Quoting ZeroLag
I think we are still trending lower...expect more weakness under 1.3380... {image}
There is still some resistance left at 1.3390 levels before continuing, in my opinion 1.3460 is most likely to be hit soon if price of course fails to break below 1.3390.
  • #875,187
  • Jun 17, 9:07am (2 hr 1 min ago) Jun 17, 9:07am (2 hr 1 min ago)
Quoting Gbpusdfreakk
{quote} There is still some resistance left at 1.3390 levels before continuing, in my opinion 1.3460 is most likely to be hit soon if price of course fails to break below 1.3390.
For right now even my short term chart looks like we are in a downtrend..

That could change just as easily, but for now, that's my read...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 23 KB
Get the Lag out
  • #875,188
  • Jun 17, 9:08am (2 hr 1 min ago) Jun 17, 9:08am (2 hr 1 min ago)
Quoting Gbpusdfreakk
{quote} There is still some resistance left at 1.3390 levels before continuing, in my opinion 1.3460 is most likely to be hit soon if price of course fails to break below 1.3390.
If the level, like 1.3390, is below the current market, we call it support; if the level is above the market, like 1.3420, we call it resistance.
Always trade your own plan...I don't provide trading signals.
  • #875,189
  • Jun 17, 9:24am (1 hr 44 min ago) Jun 17, 9:24am (1 hr 44 min ago)
yuh that's what I ment my bad bro typo*
  • #875,190
  • Jun 17, 9:30am (1 hr 39 min ago) Jun 17, 9:30am (1 hr 39 min ago)
If price breaks below 1.3990 most likely it will sweep the liquidity resting at 1.3324 and maybe lower !
  • #875,191
  • Edited 10:21am Jun 17, 9:48am (1 hr 20 min ago) | Edited 10:21am
All I say price will go down, this not on h1, this is on h4. How far I don't know, but many hours it will go.
I would say this is trend for several days, not one, trend up was from 8 till15. Now trend down, it can go up, but t after crazy down will be.
  • #875,192
  • Edited 10:33am Jun 17, 10:14am (55 min ago) | Edited 10:33am
Quoting ZeroLag
I think we are still trending lower...expect more weakness under 1.3380... {image}

Hello Friend,

If you don't mind, what is the name and setting on this your indicator on chart ?

Thanks.
Market Structure is the King.....
  • #875,193
  • Edited 10:30am Jun 17, 10:17am (51 min ago) | Edited 10:30am
GU is now currently at minor Support 1.3390 zone. Whether it will revisit 1.3430/1.3440 zone before finally crashing down or break 1.3390 directly is a function of Price Action and Liquidity.

Next Support at 1.3325/1.3355 Zone.

Good luck and trade safe.
Market Structure is the King.....
  • #875,194
  • Jun 17, 10:41am (27 min ago) Jun 17, 10:41am (27 min ago)
Quoting Abeylyn
GU is now currently at minor Support 1.3390 zone. Whether it will revisit 1.3430/1.3440 zone before finally crashing down or break 1.3390 directly is a function of Price Action and Liquidity. Next Support at 1.3325/1.3355 Zone. Good luck and trade safe.
Definitely !!!
  • #875,195
  • Last Post: Jun 17, 10:43am (25 min ago) Jun 17, 10:43am (25 min ago)
Quoting ZeroLag
{quote} For right now even my short term chart looks like we are in a downtrend.. That could change just as easily, but for now, that's my read... {image}
I agree, there is still a minor support zone at 1.3390 and once its broken price will continue down.
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