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Cable Update (GBPUSD)

  • #647,561
  • Jan 7, 2022 1:25pm Jan 7, 2022 1:25pm
POSTMASTER
  • #647,562
  • Jan 7, 2022 1:28pm Jan 7, 2022 1:28pm
Cleared one hurdle.
Looks like 1.37 next week.
Looking for signs of resistance from there for shorts.
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Compulsions can be hard to resist
  • #647,563
  • Jan 7, 2022 1:53pm Jan 7, 2022 1:53pm
Remember KuKU, i will display my performance at the end of 2022 cheers mate
POSTMASTER
  • #647,564
  • Jan 7, 2022 2:11pm Jan 7, 2022 2:11pm
EU has been struggling the most to go up.
Big short opportunity above off support turned resistance
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Compulsions can be hard to resist
  • #647,565
  • Jan 7, 2022 2:50pm Jan 7, 2022 2:50pm
Quoting trumps
EU has been struggling the most to go up. Big short opportunity above off support turned resistance {image}
square root 11186 +1,2 square = 11441 target
POSTMASTER
  • #647,566
  • Edited 3:25pm Jan 7, 2022 3:13pm | Edited 3:25pm
Strongly bullish post NFP eventual true/actual react to close the week, although a sub 30day adr day (81%,) and for that matter a sub 13wk awr week @ 92%. 39% of 6mth amr traveled so far this mth.

* Wkly is still in a downtrend and the pullback from 3161 has nearly reached the top of the descending channel/effective descending t/line that joins swing hi's @ 4249 and 3834. The last LH in it's downtrend is that 3834. 3rd consecutive week of buying and a strongly bullish wkly candle close.
* Dly and 4hr are still in uptrends, 3490 now a fractal swing lo on dly - the 3rd consecutive HL after 3 x HH's. A strongly bullish thrust engulfing candle close on Friday's dly candle, and the last 4hr close too was bullish. There is a rising wedge on the dly t/f.
* 1hr is in an uptrend again and price @ the dly hi encountered some supply @ the prev 1hr/(4hr/dly x 2) sw hi zone that extends to 3599/3607 = prev res = pot res / Friday's Dly R2. Looks like the 1hr rising wedge has now already broken to the downside as price came off the dly hi.

Wkly, Dly, 4hr, then 1hr below.
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Trader with an Edge.
  • #647,567
  • Jan 7, 2022 6:05pm Jan 7, 2022 6:05pm
interesting 1.36000 is hitted but , stand there? what we expected next week ?

"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #647,568
  • Jan 7, 2022 11:56pm Jan 7, 2022 11:56pm
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yes yes yes
  • #647,569
  • Jan 8, 2022 12:45am Jan 8, 2022 12:45am
136 being tested again let’s see how far it goes before the expected drop
Insane in the Brain..
  • #647,570
  • Jan 8, 2022 1:48am Jan 8, 2022 1:48am
Culture and History:
Besides, it was not the apple that made Adam and Eve see in Paradise. But the fig.
So find the fig

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  • #647,571
  • Jan 8, 2022 3:22am Jan 8, 2022 3:22am
Quoting Wavegarrick
{quote} Just a quick re-evaluation of my answer to Mysterio yesterday. There are interesting developments which can't be ignored. Dollar index futures looks like it could go into a down cycle and I would look to add short on retraces. {image}With this in mind, I will look to add buy trades on retraces with Eu. This pair looks like it could come out of its month and some slumber. {image}EurGbp at interesting levels to buy, Could this mean the decoupling of the Pound vs the Euro. In other words a period of sterling weakness? {image}Be very careful...
Hi
eurgbp: I see target at around 8556. I guess thats where you have your red stripe.
POSTMASTER
  • #647,572
  • Jan 8, 2022 3:40am Jan 8, 2022 3:40am
Ideal scenario = EU down one more time to 1270 and GU down to 3300. EG bulls would be the winner of this, targetting 8550-8570.

My target on EU is 1700 and GU 3700+, so I am buying the dips, but not buying friday's highs, obviously. Waiting for proper corrections first.
Everyone can see the chart, but only a few can actually read it.
  • #647,573
  • Jan 8, 2022 3:43am Jan 8, 2022 3:43am
the weekly is in an uptrend
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,574
  • Jan 8, 2022 3:45am Jan 8, 2022 3:45am
Quoting Moty
{image}{image}
we know this wrong if we look at monthly
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,575
  • Edited 5:51am Jan 8, 2022 5:31am | Edited 5:51am
quote=Bones;13850202]{quote} we know this wrong if we look at monthly[/quote]

Hi Bones,
You are very right, I was watching 13450 as it did crossed over, but was holding, should have paid more attention for the cross.
Clear now, monthly Jan candle is in an uptrend. I find it interesting how sneakily M pattern was forming and has now reversing.
Possible monthly will over power lower timeframes, but some temp retracements should take place.
Really this can take the weekly upper trendline out easily.
I was waiting to see a bounce of the golden spot.

Weekly closed higher on GU and also higher by 7 on DXindex.
Cant wait to find out how GU and DX will play out next week.

Thanks

Monthly GU
Most bullish orientation consist of price beeing above 20 EMA and above 50 EMA.
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  • #647,576
  • Jan 8, 2022 5:34am Jan 8, 2022 5:34am
Quoting OnlineAddict
Ideal scenario = EU down one more time to 1270 and GU down to 3300. EG bulls would be the winner of this, targetting 8550-8570. My target on EU is 1700 and GU 3700+, so I am buying the dips, but not buying friday's highs, obviously. Waiting for proper corrections first.
i think your buying target is accurate but you know how many proper correction EU and GU.
  • #647,577
  • Jan 8, 2022 5:51am Jan 8, 2022 5:51am
Quoting tauhidur
{quote} i think your buying target is accurate but you know how many proper correction EU and GU.
I hope many...ranges are easy money.
Everyone can see the chart, but only a few can actually read it.
  • #647,578
  • Jan 8, 2022 6:14am Jan 8, 2022 6:14am
Quoting OnlineAddict
{quote} I hope many...ranges are easy money.
I hope on GU is 1.3360 ,there ,I will buy
  • #647,579
  • Jan 8, 2022 6:18am Jan 8, 2022 6:18am
Quoting BeeTogether
136 being tested again let’s see how far it goes before the expected drop
Where do you hope to see this drop terminate?
  • #647,580
  • Jan 8, 2022 6:30am Jan 8, 2022 6:30am
Quoting Bones
{quote} we know this wrong if we look at monthly
no, we don't

or you can show me what I am missing
thank you
dolce vita
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