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Cable Update (GBPUSD)

  • #644,621
  • Dec 12, 2021 4:55am Dec 12, 2021 4:55am
Hey guys

I have attached my GU top down analysis and what I expect to happen this week. Hope it helps.
Attached File(s)
File Type: docx GU.docx   386 KB | 324 downloads
  • #644,622
  • Dec 12, 2021 5:26am Dec 12, 2021 5:26am
Quoting DrDave
{quote} I'm going to make a guess that your red line is not intended to be in correct relation to the time line of the X-axis.
I respect Sorry you have not qualified to be on my holy ignore list. You speak commun sense
POSTMASTER
  • #644,623
  • Dec 12, 2021 5:48am Dec 12, 2021 5:48am
Quoting Robinhood1
{quote} directions {image}
This looks good. Though I don't see the climb going beyond 1.33 area. Well who knows 1.34. Eagerly waiting for that fall to 1.30 to 1.29 for this huge buy to 1.35. I sincerely think that this buy which is corrective may well just be to shake off sellers as the termination of the sell remains 1.29 area
  • #644,624
  • Dec 12, 2021 7:01am Dec 12, 2021 7:01am
My plan for GU at this moment.
I will adjust as I trade along.

Lower trendline has been broken to the upside.
Next to visit 13350-70
Back to retest 13220
Continue upwards to 134.

4hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: _20211212_124134.JPG Size: 75 KB

Monthly
Attached Image (click to enlarge)
Click to Enlarge Name: _20211212_125157.JPG Size: 159 KB
  • #644,625
  • Dec 12, 2021 7:07am Dec 12, 2021 7:07am
Alright, it's here. Cable Analysis
Inserted Video
  • #644,626
  • Dec 12, 2021 7:13am Dec 12, 2021 7:13am
It is likely that FOMC will boost the DXY to more north. But if they really do something different then majority of traders are in luck. I'll wait for the FOMC to enter in any market.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 36 KB
  • #644,627
  • Dec 12, 2021 7:15am Dec 12, 2021 7:15am
GJ, weekly near weekly support.
If unbroken, possible upside move to at least 156.
One to monitor and trade.
JPY is getting week.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20211211-110203.png Size: 98 KB
  • #644,628
  • Dec 12, 2021 7:17am Dec 12, 2021 7:17am
Want to load a chart but don't know how to do it
  • #644,629
  • Dec 12, 2021 7:22am Dec 12, 2021 7:22am
Quoting Bakker
Want to load a chart but don't know how to do it
From desktop look for share chart.
From mobile I screenshot then edit and upload.
  • #644,630
  • Dec 12, 2021 7:31am Dec 12, 2021 7:31am
Quoting Jolita
{quote} From desktop look for share chart. From mobile I screenshot then edit and upload.
Thanks, will try.
  • #644,631
  • Dec 12, 2021 7:39am Dec 12, 2021 7:39am
Doesn't work, I copied screenshot and paste but it then turns up as very small image in next box. I want to share this with you guys but will abandon it. Keep up your trading, wish you all a fantastic week.
  • #644,632
  • Dec 12, 2021 7:42am Dec 12, 2021 7:42am
Quoting Nd10
{quote} This looks good. Though I don't see the climb going beyond 1.33 area. Well who knows 1.34. Eagerly waiting for that fall to 1.30 to 1.29 for this huge buy to 1.35. I sincerely think that this buy which is corrective may well just be to shake off sellers as the termination of the sell remains 1.29 area
Anything is possible
POSTMASTER
  • #644,633
  • Dec 12, 2021 7:54am Dec 12, 2021 7:54am
GJ
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.aH4ll.png Size: 90 KB
  • #644,634
  • Dec 12, 2021 7:57am Dec 12, 2021 7:57am
Quoting Jolita
My plan for GU at this moment. I will adjust as I trade along. Lower trendline has been broken to the upside. Next to visit 13350-70 Back to retest 13220 Continue upwards to 134. 4hr chart {image} Monthly {image}
I have the same exact targets. I analyze different but targets are same.
  • #644,635
  • Dec 12, 2021 7:58am Dec 12, 2021 7:58am
Quoting Jolita
My plan for GU at this moment. I will adjust as I trade along. Lower trendline has been broken to the upside. Next to visit 13350-70 Back to retest 13220 Continue upwards to 134. 4hr chart {image} Monthly {image}
Looking at your H4 chart, I agree with your retest and continuation target values, but my bias is for a pullback from current high rather than continuation immediately to the upper zone. This will be the H8 making a pullback before continuing up. On H4, the expectation is for a 1-2-3 for the H8 pullback, but H8 could also join for the same pattern. I see a retest zone spanning about 1.322-1.319.
I see the upper zone to span about 1.330-1.333

Of course, these are expectations and biases: I look for confirmations from lagging indicators and follow, not lead.
To free Gazans of Hamas, use whatever it takes.
  • #644,636
  • Dec 12, 2021 8:10am Dec 12, 2021 8:10am
Quoting phd893
GJ {image}
Square patterns for this pair
We agree then
  • #644,637
  • Dec 12, 2021 8:13am Dec 12, 2021 8:13am
Quoting DrDave
{quote} Looking at your H4 chart, I agree with your retest and continuation target values, but my bias is for a pullback from current high rather than continuation immediately to the upper zone. This will be the H8 making a pullback before continuing up. On H4, the expectation is for a 1-2-3 for the H8 pullback, but H8 could also join for the same pattern. I see a retest zone spanning about 1.322-1.319. I see the upper zone to span about 1.330-1.333 Of course, these are expectations and biases: I look for confirmations from lagging indicators and...
Of course. I do agree we will go lower to 129-128 area. But at the moment is a time for bulls to show their power. Trade safe.
  • #644,638
  • Dec 12, 2021 8:15am Dec 12, 2021 8:15am
Quoting TrickorTrade
{quote} I have the same exact targets. I analyze different but targets are same.
Could not upload your docx on my mobile, will have a look later from my pc. Thanks
  • #644,639
  • Dec 12, 2021 8:21am Dec 12, 2021 8:21am
On the daily chart, which I were unsuccessful to paste here, you will see a zigzag formation which ended exactly on the break line at 3263. This happened after it touched the lower trend line at exactly the right spot and started pushing higher with the last H8 doing most of the action.
Let's see how it works out on Monday. I guess there will be plenty of pips coming your way.
  • #644,640
  • Dec 12, 2021 8:26am Dec 12, 2021 8:26am
Quoting TrickorTrade
Hey guys I have attached my GU top down analysis and what I expect to happen this week. Hope it helps. {file}
Guys if anyone trading GJ. Here is my top down analysis and what I expect this week. Good luck,
Attached File(s)
File Type: docx GJ.docx   357 KB | 245 downloads
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