Cable Update (GBPUSD)

Quoting Georginson

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{quote} @Navin2007... Last 6 years August most Repeated Range is 400 - 450 pips Last 6 months: most Repeated range is 412 - 460 pips (May, June &July) Maximum range is 675 pips (February) Minimum range is 341 pips (April) This August so far 355 pips (1.3957 - 1.3602) ✓ August Range has exceeded Minimum of 341 pips ✓ Next possible Range Target is 412 pips Which means 412 pips minus 355 pips (Current Range) = 57 pips. ™ Since Current price (1.3623 is closer to the low) it means possibility of 412 pips range completion to the Low is realistic......

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Quoting mysterio

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I think a rise/correction to 1.3720 area then continue bear trend maybe down to 1.33. DXY correction to 93 area then more up. Somewhere in 1.37s should be a good sell. The dollar is v bullish. It seems to have broken range so can rise significantly. Should be a good week, trade safe. {image} {image}

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Quoting genadi

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{quote} how much price should move in your favor for you to move stops to break even? (i am asking here, couse i dont want to pollute your thread)

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Quoting Nordling00

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{quote} War escalation? But between who? If you mean Taliban, US Army already withdrawn and evacuated Afghanistan. US just wants to secure Kabil Airport and they leave that mission to Turkish Army. So i don't see any war chance, at least there's none for USA. US government also stated that "What happens in Afghanistan is Afghans own problem, US will not get involved anymore" So for GU and EU, they are going down for not only this week but 3 consecutive weeks. It's highly economic in my opinion. USD is bullish since the last GDP numbers....

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Quoting Bones

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{quote} US had to send thousands of troops back to Afghanistan and the Taliban walked back into power thats a major escalation ,you can believe anything thats said in respect to that by Biden .The other week he said they had 300,000 trained and armed afghan troops v 75k Taliban , nothings inevitable . so gold went up and also the $ . Last week that story was defiantly the fundamental driver while US retail sales failed miserably and Fed talked taper theres no way it can achieve. {image} {image}

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Quoting Nordling00

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{quote} They are sending troops for evacuation though, not for fighting. {image}

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Quoting Georginson

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{quote} @Navin2007... Last 6 years August most Repeated Range is 400 - 450 pips Last 6 months: most Repeated range is 412 - 460 pips (May, June &July) Maximum range is 675 pips (February) Minimum range is 341 pips (April) This August so far 355 pips (1.3957 - 1.3602) ✓ August Range has exceeded Minimum of 341 pips ✓ Next possible Range Target is 412 pips Which means 412 pips minus 355 pips (Current Range) = 57 pips. Since Current price (1.3623 is closer to the low) it means possibility of 412 pips range completion to the Low is realistic......

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Quoting nAVIN2007

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{quote} awesome thank you I thought this thing might bounce up one more time..I am looking at this potential scenario developing because of the broadening triangle, I expect most would be short and this might cause a few shorts to bottle it or to be taken out..lol {image}

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Quoting Bones

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{quote} US had to send thousands of troops back to Afghanistan and the Taliban walked back into power thats a major escalation ,you can't believe anything thats said in respect to that by Biden .The other week he said they had 300,000 trained and armed afghan troops v 75k Taliban , nothings inevitable . so gold went up and also the $ . Last week that story was defiantly the fundamental driver while US retail sales failed miserably and Fed talked taper theres no way it can achieve. {image} {image}

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Quoting Georginson

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{quote} Hello Navin, whichever way it goes, you will get 1.37 before any major crash again. Your chart also shows this 1.37 area being realistic in the near term. Good luck to us.

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Quoting Nordling00

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{quote} They are sending troops for evacuation though, not for fighting. {image}

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Quoting nAVIN2007

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{quote} Tony u have become my go-to fundamentalist

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Quoting Bones

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{quote} this can escalate very easy ,what better than a war as a distraction ,call me cynical , anyway the Swiss franc is defiantly not a safe currency to play with, it should be way higher & it moves like gold in these situ's its a government highly manipulated currency to match Eur {image}

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Quoting BeeTogether

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https://www.fxstreet.com/news/pound-...d-202108201638

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Quoting Nordling00

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{quote} You are right about Swiss Franc. We are in extreme times but do you trade Swiss Franc in normal conditions?

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