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Cable Update (GBPUSD)

  • #645,841
  • Dec 23, 2021 3:18am Dec 23, 2021 3:18am
Quoting fontu
just checking my yearly candle , may a doji is forming . so may below 1.2674 next year possible . anyway more turmoils ahead ! {image} {image}
I see on the weekly a break of 1.35 and 1.34, currently being retested, and a target area of <1.22 is possible long term.
  • #645,842
  • Dec 23, 2021 3:18am Dec 23, 2021 3:18am
Quoting Georginson
{quote} Yes price did close above 1.3330 and has given the bulls upper hand but not so fast. The closure above 1.3330 only neutralizes 1.3080 in the immediate term which doesn't necessarily invalidate 1.3080... I see resistance at 1.3375/1.3400 in the immediate term, hence a sell has been added from 1.3370 for a target of 1.3200. Merry Christmas to everyone and stay safe.


hello sir,how are you you see the resistance point 1.3375 or 1.3400 so can you suggest for sl

Thank you very much.
  • #645,843
  • Dec 23, 2021 3:19am Dec 23, 2021 3:19am
this Break just above last high +15 pip , its smell fishy . ill waiting at least 30 minute candle close first to see what it play
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #645,844
  • Dec 23, 2021 3:20am Dec 23, 2021 3:20am
Quoting tauhidur
{quote} hello sir,how are you you see the resistance point 1.3375 or 1.3400 so can you suggest for sl Thank you very much.
For Swing target of 1.29, the stop loss should be around 1.3550 to accommodate more risk before correction but for scalp I can't tell for sure.
Data + Stat + Risk/Emotions Management
  • #645,845
  • Dec 23, 2021 3:32am Dec 23, 2021 3:32am
More bullish signs and will be going long!!!!
Don't trade what you think. Just what you see!!!
  • #645,846
  • Dec 23, 2021 3:34am Dec 23, 2021 3:34am
Quoting Theoak
More bullish signs and will be going long!!!!
i need more correction before a turbo run with bull bull bull power . but seem turbo already in >.<

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maybe next extension ?
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #645,847
  • Dec 23, 2021 3:39am Dec 23, 2021 3:39am
Quoting Theoak
More bullish signs and will be going long!!!!
Long in at 1.3385 hope to add target 1.3396
Attached Image (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #645,848
  • Dec 23, 2021 3:46am Dec 23, 2021 3:46am
where 2020 market ended ?
not euphoria follower
  • #645,849
  • Dec 23, 2021 3:49am Dec 23, 2021 3:49am
Quoting kris89
{quote} i need more correction before a turbo run with bull bull bull power . but seem turbo already in >.< {image} maybe next extension ?
need or want? big difference
  • #645,850
  • Dec 23, 2021 3:50am Dec 23, 2021 3:50am
Quoting Theoak
{quote} Long in at 1.3385 hope to add target 1.3396 {image}
Target Hit OUT
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Don't trade what you think. Just what you see!!!
  • #645,851
  • Dec 23, 2021 3:52am Dec 23, 2021 3:52am
...now or never for the bears in this weekly potential sbr zone!

wkly below.
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Trader with an Edge.
  • #645,852
  • Dec 23, 2021 3:53am Dec 23, 2021 3:53am
Usd Index have a channel bullish H4

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Together we can be strongest
Vantage Return This Month: na
  • #645,853
  • Edited 4:10am Dec 23, 2021 4:00am | Edited 4:10am
...strongly bullish 30min, 1hr, and 4hr (gmt + 2 candle) closes.

... right @ the top of that prev wkly minor sw lo zone = prev supp = pot sbr now @ current dly hi...also in a prev 4hr minor sw hi zone coexistent with a prev sw lo on same t/f, so pot res/sbr (prev minior sw's only though.)

4hr (schrunched up) below.
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Trader with an Edge.
  • #645,854
  • Dec 23, 2021 4:13am Dec 23, 2021 4:13am
Sell - 1.3407
Together we can be strongest
Vantage Return This Month: na
  • #645,855
  • Dec 23, 2021 4:17am Dec 23, 2021 4:17am
... a few of these around?
Attached Image
Trader with an Edge.
  • #645,856
  • Dec 23, 2021 4:19am Dec 23, 2021 4:19am
Quoting Headland
... a few of these around? {image}
seems to be all in lala land today. What I noticed today after the 8am spike there wasn’t a correction drop before any trend is followed. It’s full on bull power!
Insane in the Brain..
  • #645,857
  • Dec 23, 2021 4:22am Dec 23, 2021 4:22am
Minimum December range of 250 pips attained at 1.3410... Average Weekly range 240 pips attained 1.3411... this is now extremely overbought. Bears can strike back any moment from here.
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Data + Stat + Risk/Emotions Management
  • #645,858
  • Dec 23, 2021 4:23am Dec 23, 2021 4:23am
..into this prev 4hr minor sw lo x 2 zone = prev supp = pot sbr, extends to circa 3426.

There are repeating patterns of regular bearish div right now 5min - 1hr, and on dly, bearish hidden div which may stay good so long as price under that 3513 swing hi on that t/f.

dly below.

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Trader with an Edge.
  • #645,859
  • Dec 23, 2021 4:28am Dec 23, 2021 4:28am
add sell limit - 1.3427
Together we can be strongest
Vantage Return This Month: na
  • #645,860
  • Edited 4:57am Dec 23, 2021 4:31am | Edited 4:57am
13450 is strong monthly resistance level.
Will be looking to sell from this area.
My monthly chart played well.

Here is daily
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We also broke outside the box.
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