Cable Update (GBPUSD)

moty, good fight
fight more till win the game ( dont lose it, i will hate you )
i will add more not just watching it

Hit it, index get ur money back for sure non stop

Above 1.32 unlikely. Probably it'll touch 1.3280 or kisses 1.32 and start to pull back.
Better to wait and move with bears.

how about that...

Morning guys I just wanted to check, hourly, daily and weekly pivots are pretty much all together at the moment on this pair right? With the monthly sitting down low at 1.2872 I just wanted to get a feel in general what everyone thinks could possibly happen next?

Does any one have indicator which show Session high and low

1.2872 looks likely in the first half of September before aggressive surge to 1.34 area same September.

Look like it going down

morning

better wait until close under MA ( H1 )

This indicator shows the session boxes. From there, it would be very easy to see the session high/low.

I’d say 1.34 before this month ends..

Sell until 1.30981 as that is where we had the most volume done so far this week.

its a game of probabilities, but than you got so many lines, sometimes it better just scalp, even for 10pips, money is money.

Quoting JayBag

Disliked

{quote} I’d say 1.34 before this month ends..

Ignored

That would be just AWESOME!

AUGUST - DECEMBER RANGES (2011 - 2019)

2011 ... 1.6617 - 1.5272 = 1345 pips
2012 ... 1.5489 - 1.6308 = 819 pips
2013 ... 1.5102 - 1.6577 = 1475 pips
2014 ... 1.6892 - 1.5485 = 1407 pips
2015 ... 1.5818 - 1.4733 = 1085 pips
2017 ... 1.2773 - 1.3656 = 883 pips
2018 ... 1.3298 - 1.2476 = 822 pips
2019 ... 1.1958 - 1.3514 = 1556 pips

Minimum : 819
Average : 1187
Maximum : 1556

Now August - December 2020 Range Permutations and Probabilities...
Making use of minimum Aug - Dec. (819 pips)
UPSIDE
If 1.2750 low + 819 = 1.3569
If 1.2850 low + 819 = 1.3669
If 1.2950 low + 819 = 1.3769
DOWNSIDE
1.3200 - 819 = 1.2381

From above, since we are in an uptrend we will consider 1.35/1.36 level to happen by or before December.

Considering the overstretched wave which started from 1.2250 (June Low) that broke the previous resistance (1.2812) which should have terminated at 1.30 area but extended to 1.3265, there won't be any push to 1.35 with this current wave.

A pull back to 1.2720/1.2870 looks visible before 1.35/1.36 level can be seen. Also considering August - December minimum range being 819 pips has given a clear indication that price will have a significant pull back to fetch Out the 819 pips range for August to December.

September looks very likely to have a wider range between 580 - 700 pips which means the pull back to 1.27/1.28 levels can occur in the first 13 trading days of September followed by an aggressive surge to 1.34 level in same September.

August also seen with tendency to remain within 300 pips range and may close around 1.3060/1.3090 area.

Note: A research excerpt with no obligation to follow.

And ‘Awesome’ is usually archivable..
lets see how it goes

SS

Price will end this month around 1.3060/90 area. 1.34 cannot happen before 1.28. this 1.34 will eventually be seen towards September ending.

1.28 is starting to be a dream for a lot of traders.. Even tho I am Joseph the dreamer, I’d never bet on 1.28..

Today’s PA may change your mind..
1.35 this month

SS

wow

Price can touch 1.3250 area and will reject it yet again. I will comfortably sell at 1.3250 area and target 1.3060 within 3 trade days. Also 1.28 will happen in real time before 1.34.