Cable Update (GBPUSD)
My latest analysis of GU... 
We are in the zone 1,3780 - 1,4240 now. Last two weeks the price tried to go under the lower band, but failed. I expect the last test of it on the price 1,3782-1,3777, this is also 50% fib of the latest swing. Then we can finally go up to test the upper band. Some resistance is on 1,3950-1,4, but it was tested few times and I believe now we can go through. I am convinced 80/20 that happen, are you with me?
We are in the zone 1,3780 - 1,4240 now. Last two weeks the price tried to go under the lower band, but failed. I expect the last test of it on the price 1,3782-1,3777, this is also 50% fib of the latest swing. Then we can finally go up to test the upper band. Some resistance is on 1,3950-1,4, but it was tested few times and I believe now we can go through. I am convinced 80/20 that happen, are you with me?
- #587,864
- Edited Apr 4, 2021 12:56pm Apr 3, 2021 4:27pm | Edited Apr 4, 2021 12:56pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
My latest analysis of GU...
other wise 1.368. That is what i think on the daily chart.
On the hourly chart it is in the triangle can where it break it will be a strong break. White lines are for the hourly chart.
Do you guys agree with me.?
kindly guide.
- #587,866
- Apr 4, 2021 2:40am Apr 4, 2021 2:40am
manipulation or not = price manipulation, and spread now 15 to 18 pips in my broker maybe this is what the President ECB said, please play with our currency for a while {image} {image}
- #587,868
- Apr 4, 2021 3:58pm Apr 4, 2021 3:58pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts | Online Now
If you are tracking the GBPUSD market this week, consider this technical perspective of a swing trader. Price action on the daily time frame is presently in a falling channel (blue) within a larger rising channel (red) seen on the weekly time frame. This indicates a bearish price action mode. However, on Thursday, a bullish candlestick took price action further northwards towards the falling channel resistance trendline. On Friday, a doji-like candlestick retested the falling channel resistance trendline before nestling on it, at an area which is in confluence with the 1.38350 minor horizontal resistance area. Any bearish turnaround would technically target the 1.36040 horizontal support area (green). Nevertheless, we cannot rule out the likelihood of sideways price action in the early part of this week before any directional drive.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #587,870
- Apr 4, 2021 6:08pm Apr 4, 2021 6:08pm
- Joined Aug 2010 | Status: Trader | 5,359 Posts
dolce vita
- #587,871
- Apr 4, 2021 6:10pm Apr 4, 2021 6:10pm
- Joined Aug 2010 | Status: Trader | 5,359 Posts
dolce vita
- #587,872
- Apr 4, 2021 8:59pm Apr 4, 2021 8:59pm
- Joined May 2011 | Status: Balance sh*t | 2,062 Posts
Peace Yo!
- #587,873
- Apr 4, 2021 10:05pm Apr 4, 2021 10:05pm
- | Membership Revoked | Joined Feb 2019 | 1,453 Posts
going short for a weekgood luck all trader, cya all friday with good money
- #587,874
- Apr 4, 2021 11:29pm Apr 4, 2021 11:29pm
- Joined Oct 2010 | Status: Trader | 21,478 Posts
Intraday only.
- #587,875
- Apr 4, 2021 11:31pm Apr 4, 2021 11:31pm
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #587,877
- Apr 5, 2021 12:18am Apr 5, 2021 12:18am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #587,878
- Edited 1:55am Apr 5, 2021 12:31am | Edited 1:55am
Girls How are you.... Really enjoyed last night
Ok I have closed the Buy Position of Gbpusd. Here
I Have Sells on now. It looks structure wise Lower high pointing down
Guess the timeframe Hahahahahhahaaa Haa Baby
Ok
Ok
Ok I have closed the Buy Position of Gbpusd. Here
I Have Sells on now. It looks structure wise Lower high pointing down
Guess the timeframe Hahahahahhahaaa Haa Baby
Ok
Ok
- #587,879
- Apr 5, 2021 12:46am Apr 5, 2021 12:46am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
G morning, My view
