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Cable Update (GBPUSD)

  • #608,621
  • Jul 11, 2021 11:01am Jul 11, 2021 11:01am
Quoting Waveskierrob
Because everyone knows I love predictions England 0 Italy 2, come on Italia
I like your style, this room needs someone like you, lol
Daddy, Brother, Lover, Little Boy
  • #608,622
  • Jul 11, 2021 11:03am Jul 11, 2021 11:03am
Quoting Mr.Burger
{quote} I like your style, this room needs someone like you, lol
I think a lot on here would beg to differ, but many thanks
  • #608,623
  • Jul 11, 2021 11:21am Jul 11, 2021 11:21am
Quoting Mr.Burger
{quote} I like your style, this room needs someone like you, lol
Not really,

many left coz of heart attack from his posting......

He is the mirror image of Loki in real life.

Plus he's the only Englishmen that don't play football , only rugby.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #608,624
  • Jul 11, 2021 11:23am Jul 11, 2021 11:23am
Quoting Pram808
{quote} hi pat chiko, i would like asking about your indicator on your chart, that area on yellow and aqua color, did you manually drawing all alone or thats automatically show up on yours, cause i have one as same as your but the color areas didnt show up Just curious hehe
Manually drawn, I'm more to kind of primitive traders.

( lukis secara manual mas, lebih bisa lukisan secara kuno seperti zaman dulu kala)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #608,625
  • Jul 11, 2021 11:26am Jul 11, 2021 11:26am
England 2 - 1 Italy...its coming home
  • #608,626
  • Jul 11, 2021 12:23pm Jul 11, 2021 12:23pm
The fastest goal in Euro championship history ever.
Fantastic))
  • #608,627
  • Jul 11, 2021 12:24pm Jul 11, 2021 12:24pm
Quoting Black-Star
From a Daily chart perspective it seems like Cable is in a Wave 2 (Yellow) sideways correction and internal structure of Wave 2 is an ABC (Red). It seems like the C wave is an ending diagonal and an ending diagonal is a special kind of 5 wave pattern and by the looks of things it seems like wave 5 (Dodge Blue) may have just begun of the bounce of the 1,3730 handle which is past resistance new support but it's too early to tell because higher timeframes take longer to develop. The Diagonal pattern will be invalid if price breaks below 1.3700. On...
Daily Chart: Nothing much has changed and price has remained above 1.3730 level which is a good sign that the level maybe a strong support. Also price has not passed 1,3700 handle which means the ending diagonal pattern is still intact. The lower trendline of the diagonal which is connected to Wave 2 and 4 (Dodge Blue) is also acting as support so a bullish scenario may be starting to develop but let's give it time.
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4 Hour Chart: Seems like we have completed Wave A (Lime Green) and we are in Wave B (Lime Green) and by the looks of things it is incomplete. Price may retrace from 1,3900/3925 to 1,3800/3820 before the next big bull move.
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1Hour Chart: Possible scenario for the retracement and price points.
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I am just sharing my view
Good luck everyone and trade safe
  • #608,628
  • Jul 11, 2021 1:35pm Jul 11, 2021 1:35pm
Here's my take on the GBPUSD as a medium-term swing trader. The GBPUSD is in a sideways operating mode. However, the technical impulse and order flow on the daily time frame favour bears more than bulls. Meanwhile, presently, price action is in a bullish mode – somewhat a northward corrective mode or pullback. We will likely see a southward turnaround after a northward pullback to an area of value. Such an area of value is the technical barrier at the 1.39460/1.40060 area (magenta).

I may be wrong. Trade safe and prosper. Please trade based on your own trading rules and analysis.

KP

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Do your homework, follow the footprints of smart money
  • #608,629
  • Jul 11, 2021 3:02pm Jul 11, 2021 3:02pm
Football refused to go home, went to Rome instead. Penalties can be cruel, feel sad for England. Better luck next time...
Data + Stat + Risk/Emotions Management
  • #608,630
  • Jul 11, 2021 3:21pm Jul 11, 2021 3:21pm
I was ready for SMS-voting
Air force
  • #608,631
  • Jul 11, 2021 3:24pm Jul 11, 2021 3:24pm
Hats off to the penalty takers, so much pressure at such a young age
  • #608,632
  • Edited 3:45pm Jul 11, 2021 3:32pm | Edited 3:45pm
As an Englishman of italian descent I am conflicted. Non importa. Mi piacciono le moto!
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  • #608,633
  • Jul 11, 2021 3:54pm Jul 11, 2021 3:54pm
Quoting KeenPips
Here's my take on the GBPUSD as a medium-term swing trader. The GBPUSD is in a sideways operating mode. However, the technical impulse and order flow on the daily time frame favour bears more than bulls. Meanwhile, presently, price action is in a bullish mode – somewhat a northward corrective mode or pullback. We will likely see a southward turnaround after a northward pullback to an area of value. Such an area of value is the technical barrier at the 1.39460/1.40060 area (magenta). I may be wrong. Trade safe and prosper. Please trade based on your...
on a break of 1.39 Ill be looking to short from 1.393 area.. 200day SMA h4 chart
  • #608,634
  • Jul 11, 2021 3:54pm Jul 11, 2021 3:54pm
about pivot.., investing
daily
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weekly
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happy trading
dolce vita
  • #608,635
  • Jul 11, 2021 4:19pm Jul 11, 2021 4:19pm
These planet is align in row . Lets break that planet with one stone xD haha
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #608,636
  • Jul 11, 2021 4:30pm Jul 11, 2021 4:30pm
Quoting Black-Star
{quote} Daily Chart: Nothing much has changed and price has remained above 1.3730 level which is a good sign that the level maybe a strong support. Also price has not passed 1,3700 handle which means the ending diagonal pattern is still intact. The lower trendline of the diagonal which is connected to Wave 2 and 4 (Dodge Blue) is also acting as support so a bullish scenario may be starting to develop but let's give it time.{image} 4 Hour Chart: Seems like we have completed Wave A (Lime Green) and we are in Wave B (Lime Green) and by the looks of...
Clean setups
  • #608,637
  • Jul 11, 2021 4:46pm Jul 11, 2021 4:46pm
1.39287 next resistance
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My telegram: https://t.me/avidforex
  • #608,638
  • Jul 11, 2021 5:01pm Jul 11, 2021 5:01pm
stochastic shows divergence on daily chart
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dolce vita
  • #608,639
  • Jul 11, 2021 5:10pm Jul 11, 2021 5:10pm
possible wolfe wave pattern to watch for
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dolce vita
  • #608,640
  • Edited 6:01pm Jul 11, 2021 5:42pm | Edited 6:01pm
G/M, quick update of charts before a late bedtime for me after the football. (Disappointed only in the result, but well done Italy.)

Last week's weekly candle a bullish-bodied hammer,and Friday's daily bullish thrust candle's body bullishly engulfed the previous 4 bodies on that t/f (gmt+3 dly candle.) A fractal L on wkly now @ 3731 below the last HL in it's uptrend. Dly has now printed another LL @ 3731, then the LH @3899, then the HL @ 3741, and what will be a H when it prints fractally so it's downtrend is damaged by the HL and H when it forms, but not yet over?

last few 4hr fractal prints same as dly starting though @ 3741 with the LL, this t/f ranging now with a current bullish tone. 1hr is currently in uptrend. Ascending t/line shown on dly chart below joins 1410 with 3741.

Next 'primary' resistance factor above prev 1hr sw hi zone to Friday's 3901 hi is the prev 1hr/4hr sw hi zone that extends to 3939 thru which 2 x fibs of the major swing hi's down from 4249 and below to 3731 run.

Dly below
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