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Cable Update (GBPUSD)

  • #627,681
  • Edited 11:44am Oct 2, 2021 11:28am | Edited 11:44am
Quoting Georginson
{quote} This is clearly Bearish Mate... {image}

the last candle is above the blue line I feel this will make the difference..Price is testing the high of the previous year high (2019)
I would think this is the range bottom..if 1.34 goes id agree but it is not clear cut, it will sink according to me, may break 1.34 to lead to 1.31

1.31, id buy at this point..this the problem looking at yearly charts ...not the best trade opportunity

this is quarterly chart...1.34 is line in the sand (im a bull)
Attached Image (click to enlarge)
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  • #627,682
  • Oct 2, 2021 11:44am Oct 2, 2021 11:44am
Quoting nAVIN2007
{quote} the last candle is above the blue line I feel this will make the difference..Price is testing the high of the previous year high (2019)
Year 2012, 2013 and 2014 candles are similar to year 2019, 2020 and Current Year 2021 candles.

Year 2014 made its high in July 1.71 and the low in December 1.54 being 1700 pips range

Year 2021 has now made its high in June 1.42 and the low is expected to be made in December with expected range between 1400 - 1600 pips... Which means projected low between 1.28 - 1.26.

Year 2021 Current range is 840 pips which means 560 - 760 more pips to break either the high of 1.42 or the low of 1.34. Which means either 1.28 or 1.48 must be seen by or before December

Simple Questions:
✓ the current price of 1.3540 is closer to which 1.3410 or 1.4249?
✓ which of the two between 1.3410 or 1.4249 is vulnerable or likely to break?

If you can answer these questions sincerely and apply it, then you have your answer to hit jackpot by year end.

Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #627,683
  • Oct 2, 2021 11:49am Oct 2, 2021 11:49am
Quoting Georginson
{quote} Year 2012, 2013 and 2014 candles are similar to year 2019, 2020 and Current Year 2021 candles. Year 2014 made its high in July 1.71 and the low in December 1.54 being 1700 pips range Year 2021 has now made its high in June 1.42 and the low is expected to be made in December with expected range between 1400 - 1600 pips... Which means projected low between 1.28 - 1.26. Year 2021 Current range is 840 pips and 560 - 760 more pips to break either the high of 1.42 or the low of 1.34. Which means either 1.28 or 1.48 must be seen by or before December...

I hear u..i fancy 1.42 ..I will buy if it gets to 1.34 for sure
only a break of 1,34 will suggest downside risk IMHO

George u have an amazing way of seeing the market, incredible insight
  • #627,684
  • Oct 2, 2021 11:50am Oct 2, 2021 11:50am
Hi my friends ! I am now looking for shorting opportunities for the pair GBP/USD!
Master your mind. Master Trading.
  • #627,685
  • Oct 2, 2021 11:58am Oct 2, 2021 11:58am
Quoting MTF Test
{quote} . Let's just say thats for my 100$ account. I have few other accounts with few more zero to the end.. hahahah. I was joking. Jenadi,
  • #627,686
  • Oct 2, 2021 12:04pm Oct 2, 2021 12:04pm
Quoting Georginson
{quote} My 2021 forecast states 1.28 ( February to March 2021) to 1.43 (July to October 2021) Price trades at 1.3695 as at time of typing. Trade safe and stay safe.
This is my Quote from January, 1.4249 did happen in February/March as against 1.28. Now 1.28 will Happen between October to December.
Data + Stat + Risk/Emotions Management
  • #627,687
  • Oct 2, 2021 12:18pm Oct 2, 2021 12:18pm
Quoting nAVIN2007
{quote} this is not bearish..whats your thoughts on it.. looks to me a test on breakout point..1.35 is a key level The only concern i have is i expect USD to gain strength {image}

Navin that is a very bottom bullish pin bar that need serious retracement 50%

target next year should be 125-126


i agree there is buying opportunity at 134 to 132 area with a target of 138 then crash again
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBP_USD_20211002_17.23.png Size: 83 KB
MY OPINION NOT FINANCIAL ADVISE
  • #627,688
  • Oct 2, 2021 12:57pm Oct 2, 2021 12:57pm
Quoting donfriday
{quote} Navin that is a very bottom bullish pin bar that need serious retracement 50% target next year should be 125-126 i agree there is buying opportunity at 134 to 132 area with a target of 138 then crash again {image} {image}

I don't read it like this..the economy would really need to suffer to see these levels
  • #627,689
  • Oct 2, 2021 1:37pm Oct 2, 2021 1:37pm
Quoting nAVIN2007
{quote} I don't read it like this..the economy would really need to suffer to see these levels



my mentor told me to focus on the chart and my money management if i want to be here to trade again and again.
Attached Image (click to enlarge)
Click to Enlarge Name: amazing-facts-about-the-world.jpg Size: 110 KB
MY OPINION NOT FINANCIAL ADVISE
  • #627,690
  • Oct 2, 2021 1:47pm Oct 2, 2021 1:47pm
Quoting nAVIN2007
{quote} if this thing can go back to 1.34..Im buying LOL
The only way..
  • #627,691
  • Oct 2, 2021 8:46pm Oct 2, 2021 8:46pm
USDX
Attached Image (click to enlarge)
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not euphoria follower
  • #627,692
  • Oct 2, 2021 9:02pm Oct 2, 2021 9:02pm
Attached Image (click to enlarge)
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yes yes yes
  • #627,693
  • Oct 2, 2021 9:03pm Oct 2, 2021 9:03pm
Quoting nAVIN2007
{quote} this is not bearish..whats your thoughts on it.. looks to me a test on breakout point..1.35 is a key level The only concern i have is i expect USD to gain strength {image}
Great chart Nav.
You don't think 1.32 is due for the Trendline retest?
How did you get a yearly chart by the way?
I have tried by watching YouTube videos on doing it, but doesn't seem to work.
Compulsions can be hard to resist
  • #627,694
  • Oct 2, 2021 10:32pm Oct 2, 2021 10:32pm
Hi everybody. Last friday we have a great Correction . But after see it. Maybe correction need more higher a bit to get biggest sell .
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #627,695
  • Oct 2, 2021 10:59pm Oct 2, 2021 10:59pm
Quoting iqyu5an
USDX {image}
Could you share market profile indicator?
  • #627,696
  • Oct 2, 2021 11:21pm Oct 2, 2021 11:21pm
Quoting corongumet
{quote} Could you share market profile indicator?
yes and done
not euphoria follower
  • #627,697
  • Oct 3, 2021 1:59am Oct 3, 2021 1:59am
Quoting trumps
{quote} Great chart Nav. You don't think 1.32 is due for the Trendline retest? How did you get a yearly chart by the way? I have tried by watching YouTube videos on doing it, but doesn't seem to work.

Looks to me price has broken out of the trendline, this show weakness to the downside, however, there is Brexit but it is not like UK is the only country suffering from covid, never know I reckon USD will tapper and UK will follow suit to prevent downside risks..The key is 1.43 should hold, if it goes cable will look to rip a new hole lol
if u using metatrader send me a message
Thx bro...hope u good?
  • #627,698
  • Oct 3, 2021 2:06am Oct 3, 2021 2:06am
Quoting donfriday
{quote} my mentor told me to focus on the chart and my money management if i want to be here to trade again and again. {image}
I will take it one step further u need to develop your emotional IQ
  • #627,699
  • Oct 3, 2021 2:34am Oct 3, 2021 2:34am
Quoting nAVIN2007
{quote} Looks to me price has broken out of the trendline, this show weakness to the downside, however, there is Brexit but it is not like UK is the only country suffering from covid, never know I reckon USD will tapper and UK will follow suit to prevent downside risks..The key is 1.43 should hold, if it goes cable will look to rip a new hole lol if u using metatrader send me a message Thx bro...hope u good?
Hi Nav, yes I see the TL is broken, that's why I'm wondering if price will retest it. When a TL is broken, the next candle often comes back to retest the broken line before continuing in the breakout direction.
Anyway, will see how she goes. Thx mate, hope you are doing well brother.
Compulsions can be hard to resist
  • #627,700
  • Oct 3, 2021 3:23am Oct 3, 2021 3:23am
Quoting nAVIN2007
{quote} I will take it one step further u need to develop your emotional IQ

Navin the developer i will apply for your class
MY OPINION NOT FINANCIAL ADVISE
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