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Cable Update (GBPUSD)

  • #624,261
  • Sep 18, 2021 7:18am Sep 18, 2021 7:18am
Quoting Bones
{image}
Hi Bones, how did you crop me into your chart... By the way, great chart you have put out here, simple and precise to read.
Data + Stat + Risk/Emotions Management
  • #624,262
  • Sep 18, 2021 7:43am Sep 18, 2021 7:43am
Quoting Georginson
{quote} Funny and off target guesses ... Lol. I studied Business Administration. Thanks mate. {quote} It won't be bad to study TrendMatics actually!

i
hi G AS I HAVE HAD THIS TARGET FOR AGES IN MIND I WILL STICK TO IT ,,REGARDS
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  • #624,263
  • Sep 18, 2021 7:47am Sep 18, 2021 7:47am
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FIRST TARGET AS BEEN THE SAME AS ,YOURS 3500 AREA,,,, GEORGE
  • #624,264
  • Sep 18, 2021 7:54am Sep 18, 2021 7:54am
Quoting elbert3
{quote} i hi G AS I HAVE HAD THIS TARGET FOR AGES IN MIND I WILL STICK TO IT ,,REGARDS {image}
Hi Elbert, This target points at 1.26 area. I actually see 1.28 area though.

August to December range is:
Minimum 820 pips,
Average 1100 pips
Maximum 1400 pips.

Which means if the high of 1.3957 (August High) holds:-

1.3857 minus 820 pips = 1.3037
1.3857 minus 1100 pips = 1.2757
1.3857 minus 1400 pips = 1.2457

The above brings 1.26xx to 1.28xx into consideration.

Quoting elbert3
{image}FIRST TARGET AS BEEN THE SAME AS ,YOURS 3500 AREA,,,, GEORGE
Mine is 1.35 area for this September, while 1.28 area by or before December.
Data + Stat + Risk/Emotions Management
  • #624,265
  • Sep 18, 2021 8:45am Sep 18, 2021 8:45am
Quoting Georginson
{quote} Hi Bones, how did you crop me into your chart... By the way, great chart you have put out here, simple and precise to read.
Tony is an amazing chart analyst..always clear and concise
  • #624,266
  • Sep 18, 2021 9:17am Sep 18, 2021 9:17am
Quoting Bones
I can give you 45 years of data which shows theres no way you can predict the following ranges from too far back (without actually attempting to read the data on a chart) This thing is continually changing , close in time ranges are the most useful , It also shows clearly just how unusual the markets acted this year to date , with no reason whatsoever this range couldn't hold in theory. It does not need to meet any past range of any timeframe in the past at all and there is a major flaw in any thought process with that in mind at the core of a strategy....

not being funny but this is looking bullish to me
  • #624,267
  • Sep 18, 2021 9:52am Sep 18, 2021 9:52am
Quoting nAVIN2007
{quote} not being funny but this is looking bullish to me



we can all agree we all will make pips the color is the difficult question
MY OPINION NOT FINANCIAL ADVISE
  • #624,268
  • Sep 18, 2021 10:00am Sep 18, 2021 10:00am
Quoting Mr.Burger
{quote} congrat budd, still a long journey right, I'm still trying to catch correction to join the flow here's my view If and always if from shark to megalodon lol {image}{image} --- Have a nice weekend
Hi Mr.Burger.
Thanks, friend.
Very nice charts you have there. Yes, there will be a correction at some point. We have a daily and weekly close below 1.37500, so a very good chance that 1.37000 will be tested. Having said that, nothing goes in a straight line. I have my monthly pivot at 1.37705 which could be a stumbling block which is also the 50% fib retrace of Fridays swing high and low. A bit of confluence there. From experience with pivots, my future weekly pivot 1.37876 could also be tested, but I have a bit of a problem with that. The reason being, the deeper the retraces or corrections become the more chance we have for a swing reversal to the upside. A full weekly candle bar close is very positive for me, so I am hoping to see a very strong continuation to the downside. We shall see. GU is probably the only major that has not had a proper correction to the downside this year.
Have a great weekend,
Cheers.
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Trade to trade another day
  • #624,269
  • Sep 18, 2021 2:10pm Sep 18, 2021 2:10pm
GBPUSD has been in a range on a daily, between the supply and demand zone I marked. Looking to hike rates just like USD and taper, looks like both currencies are strong, and I will avoid this pair to invest my money in. Trade safe.
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  • #624,270
  • Sep 18, 2021 2:25pm Sep 18, 2021 2:25pm
Next week FOMC taper decision and '' hawkish'' BOE rate decision.

Twists are always round the corner.

As / FXStreet -
GBP/USD sentiment
A defensive Fed and a hawkish tilt from the BOE could trigger a rally.
The FX Street forecast poll is showing investors are undeterred by the recent slide and foresee gains on all timeframes. The bullish trends persist despite minor downgrades to the average targets.
  • #624,271
  • Edited 3:57pm Sep 18, 2021 2:34pm | Edited 3:57pm
DXY Analysis

Dollar index closed bullish, well above the first zone. Chances are the dollar may continue to be bullish

I will only be looking to sell rallies on GBPUSD
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  • #624,272
  • Sep 19, 2021 2:06am Sep 19, 2021 2:06am
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  • #624,273
  • Sep 19, 2021 3:17am Sep 19, 2021 3:17am
GBPUSD broke out of a minor range and headed south, essentially reversing the course of a short-term bullish trend .

Overall, the market is still seen trading within a range between 1.3960 and 1.3610 and it is most likely to continue heading down towards the bottom.

We can also see a symmetrical triangle forming so the rebound from the bottom may take place a little earlier at 1.3680 which could also be a buying opportunity.

This week, we will focus only selling, awaiting pullback towards at least 1.3770.
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Aim for what's achievable and don't be a dreamer.
  • #624,274
  • Sep 19, 2021 3:24am Sep 19, 2021 3:24am
GBPUSD Forecast 20th - 24th September 2021

Possible High : - 1.3775
Possible Low : - 1.3510
Bias: - Heavily Bearish

Scenarios for the rest of September 2021

Current September range stands at 187 pips so far (1.3913 - 1.3726) which is the lowest first 15 trade days range since the beginning of year 2021.

Minimum September range in the last 8 years stands at 530 pips, which means further 340 pips is expected to break either the high (1.3913) or the low (1.3735).

Considering there are just 9 trade days left in September and the current price is closer to the low and farther from the high, then it is relatively safe to say the Low is vulnerable to being broken.

1.3726 + 530 pips = 1.4256 (15% chance of occurrence)
1.3913 - 530 pips = 1.3383 (55% chance of occurrence)

Minimum Monthly Range This Year (2021) is 330 pips

1.3726 + 330 pips = 1.4056 (20% chance of occurrence)
1.3913 - 330 pips = 1.3583 (75% chance of occurrence) ✓

This is an informational update with no obligation to follow.

Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #624,275
  • Sep 19, 2021 3:29am Sep 19, 2021 3:29am
good morning traders

as per ichimoku system GBPUSD is heading down to 1.3600 this week and later 1.3350

4hr is in downtrend - price below kumo and all line TS-KS -CS is down

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also daily regression channel is down as per below

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  • #624,276
  • Sep 19, 2021 4:21am Sep 19, 2021 4:21am
Quoting Georginson
GBPUSD Forecast 20th - 24th September 2021 Possible High : - 1.3775 Possible Low : - 1.3510 Bias: - Heavily Bearish Scenarios for the rest of September 2021 Current September range stands at 187 pips so far (1.3913 - 1.3726) which is the lowest first 15 trade days range since the beginning of year 2021. Minimum September range in the last 8 years stands at 530 pips, which means further 340 pips is expected to break either the high (1.3913) or the low (1.3735). Considering there are just 9 trade days left in September and the current price is closer...
Very insightful indeed.
Thanks.
whats your side on monday bears or bulls?
  • #624,277
  • Sep 19, 2021 4:28am Sep 19, 2021 4:28am
Quoting bilal.cybrog
{quote} Very insightful indeed. Thanks. whats your side on monday bears or bulls?
Mondays and Fridays are usually weird but 1.3690 - 1.3770 on Monday May be seen.

Quoting OAPDave
{quote} Are you familiar with The Schwartz Stock Market Handbook by David Schwartz Well worth a look, could possibly show you how to expand on your ideas
I will go and look at it, thanks for the information.
Data + Stat + Risk/Emotions Management
  • #624,278
  • Sep 19, 2021 4:38am Sep 19, 2021 4:38am
Quoting Wavegarrick
{quote} Hi Mr.Burger. Thanks, friend. Very nice charts you have there. Yes, there will be a correction at some point. We have a daily and weekly close below 1.37500, so a very good chance that 1.37000 will be tested. Having said that, nothing goes in a straight line. I have my monthly pivot at 1.37705 which could be a stumbling block which is also the 50% fib retrace of Fridays swing high and low. A bit of confluence there. From experience with pivots, my future weekly pivot 1.37876 could also be tested, but I have a bit of a problem with that....
So you are saying that first it will hit 1.3700 and bounce up to 1.3770 which is your target or the other way around?
Please do reply for learning purpose thanks.
  • #624,279
  • Sep 19, 2021 5:07am Sep 19, 2021 5:07am
Quoting bilal.cybrog
{quote} So you are saying that first it will hit 1.3700 and bounce up to 1.3770 which is your target or the other way around? Please do reply for learning purpose thanks.
For learning purpose is just open real acc. And trade at smallest lot that u can trade... and watch the market directly . No one knows up first , drop fiirst, up up up or drop drop .....
not euphoria follower
  • #624,280
  • Sep 19, 2021 5:11am Sep 19, 2021 5:11am
New / Neo Lehman ???

https://www.bnnbloomberg.ca/evergran...ines-1.1653991
not euphoria follower
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