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Cable Update (GBPUSD)

  • #645,861
  • Dec 23, 2021 4:31am Dec 23, 2021 4:31am
So broken 1.3409 as smooth as silk, next resistance 3500+, limit 3568.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #645,862
  • Dec 23, 2021 4:34am Dec 23, 2021 4:34am
testing the sky with minimum size
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  • #645,863
  • Dec 23, 2021 4:38am Dec 23, 2021 4:38am
... top of 1hr rising wedge @ current dly hi as well as 23.6% 4249-3161 and one other fib, ie 38.2% 3893-3161...still in this prev 4hr minor sw lo zone x 2 = prev supp=pot sbr that extends to circa 3426. Just into another prev wkly sw lo wide zone = prev supp = pot sbr that started @ 3411 and extends to circa 3531 (for the dly trigger traders.)

99% 30day adr traveled so far today.

1hr below.
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Trader with an Edge.
  • #645,864
  • Dec 23, 2021 4:40am Dec 23, 2021 4:40am
possible for 3 white soldier if daiily closed bullish
not euphoria follower
  • #645,865
  • Dec 23, 2021 4:40am Dec 23, 2021 4:40am
GU is the best, 30 pips from 3391 to 3421
  • #645,866
  • Dec 23, 2021 4:44am Dec 23, 2021 4:44am
Quoting palpite
Sell - 1.3407
tp = 1.3330
Together we can be strongest
Vantage Return This Month: na
  • #645,867
  • Edited 5:12am Dec 23, 2021 4:54am | Edited 5:12am
... there is a hi likelihood that Uk will announce further omicron tightening measures just after xmas, (a lockdown in all but name?) Actually the govt has done this already by spreading mixed messages/fear either deliberately or as an unintended consequence. Although, it's the tory backbenchers pulling the strings now since Boris's recent gaffes/weakness, so maybe not. Point is, this relentless £ bullishness may be capped by that?

EDIT: actually latest omicron data showing much less chance of hospitalization and severity of disease if contracted, may have diminished this likelihood markedly?
Trader with an Edge.
  • #645,868
  • Dec 23, 2021 5:22am Dec 23, 2021 5:22am
current level is Q3 low with Q3 opening at 347x
not euphoria follower
  • #645,869
  • Dec 23, 2021 5:43am Dec 23, 2021 5:43am
seems to me 3325 is resistance for today.
shorted. 3326 is stop.
Intraday only.
  • #645,870
  • Edited 5:59am Dec 23, 2021 5:47am | Edited 5:59am
good morning omicron is nothing (totally lie to ppl), don't be afraid for nothing, be afraid for do nothing.
  • #645,871
  • Dec 23, 2021 5:53am Dec 23, 2021 5:53am
Quoting navk
seems to me 3325 is resistance for today. shorted. 3326 is stop.
God bless you if it goes south.
Risk Management is of utmost importance!
  • #645,872
  • Dec 23, 2021 6:00am Dec 23, 2021 6:00am
GU flying to 1.3475 resistance. Don't short yet.
It is all about the foreign exchange market.
  • #645,873
  • Dec 23, 2021 6:05am Dec 23, 2021 6:05am
its possible it can go back to 1.35 as well or get slapped all the way down to 1.33. price is already looking too much. almost 100 pips up from the lows of the day. but i have seen 200-250 pip moves in a day in December. I think it was 2013. so it is nothing compared to that. short at your own risk. just like the way you are surprised today on the upside. you will be surprised in next 8 days on the downside
  • #645,874
  • Dec 23, 2021 6:06am Dec 23, 2021 6:06am
... 76.4% 3513-3161 and 61.8% 3607-3161 @ current dly hi. Above those 38.2% 3912-3161 @ 3449.
Trader with an Edge.
  • #645,875
  • Dec 23, 2021 6:07am Dec 23, 2021 6:07am
there is still one unusual move abt this rally. euro has not followed the gbp. so either euro is rite or gbp is rite
  • #645,876
  • Dec 23, 2021 6:08am Dec 23, 2021 6:08am
Quoting RCtrader
{quote} God bless you if it goes south.
Intraday only.
  • #645,877
  • Dec 23, 2021 6:08am Dec 23, 2021 6:08am
Aftermath -
Brake out and retest. So clear now.
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Top left
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  • #645,878
  • Dec 23, 2021 6:08am Dec 23, 2021 6:08am
Scalp 1.34350 sell
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #645,879
  • Dec 23, 2021 6:09am Dec 23, 2021 6:09am
Quoting giveachance
there is still one unusual move abt this rally. euro has not followed the gbp. so either euro is rite or gbp is rite
yoyo ... eu will up follow gu. gu correction / flat

watch E/G
not euphoria follower
  • #645,880
  • Dec 23, 2021 6:10am Dec 23, 2021 6:10am
where is everyone's favorite.. Moty?? how many accounts did he blew this year because of his gambling trades
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