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Cable Update (GBPUSD)

  • #648,441
  • Jan 14, 2022 10:39am Jan 14, 2022 10:39am
Quoting donfriday
a break below 1.35 take us 1.30 and 1.29 price stay above 1.35 by end of 1st quarter 1.40 and 1.42
I would rather edit that a break below 1.357 takes us down to 1.30
  • #648,442
  • Jan 14, 2022 10:47am Jan 14, 2022 10:47am
3rd candle close above the band
we need 5 and a break of the high of them
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if you want to learn more about the strategy , go to this link

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yes yes yes
  • #648,443
  • Jan 14, 2022 11:04am Jan 14, 2022 11:04am
Quoting Wavegarrick
{quote} Hi Guys, It has been a turbulent week, nevertheless, a clearer picture emerges for me. It is almost certain unless something totally unexpected happens that we will close the week below 1.3700.,,,,,,,,,,,,,,,,,,,,,,, 1.3650 is a certain target for me. My yearly pivot is at 1.3649 and the line in the sand between bulls and bears for this year. My future weekly pivot at this point also lies there. I will closely watch a break of my ascending trendline next week which currently aligns with 1.36500. I do suspect a strong push-up but remains...
Hello Leon... my view is Bears Need to have a daily close below 1.3630 between Monday - Tuesday, failure to close below 1.3630 between Monday Tuesday next week will take price to 1.3760 - 1.3790 area. Pay very close attention to 1.3630 next week.
Data + Stat + Risk/Emotions Management
  • #648,444
  • Jan 14, 2022 11:21am Jan 14, 2022 11:21am
Quoting Moty
3rd candle close above the band we need 5 and a break of the high of them
we got that
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yes yes yes
  • #648,445
  • Jan 14, 2022 11:30am Jan 14, 2022 11:30am
Quoting Robinhood1
{quote} We just reach Gannīs support level , lets see
More or less Gannīs support. I am ready to see around 13865/94 and then a good correction expecting to close longs and eventually my trapped shorts
POSTMASTER
  • #648,446
  • Jan 14, 2022 11:40am Jan 14, 2022 11:40am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting Robinhood1
{quote} More or less Gannīs support. I am ready to see around 13865/94 and then a good correction expecting to close longs and eventually my trapped shorts
correct. I closed my shorts at 56. I can't see usd strength at this point. It was a good day swinging on NASDAQ
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Studing..............
  • #648,447
  • Jan 14, 2022 11:45am Jan 14, 2022 11:45am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #648,448
  • Jan 14, 2022 1:02pm Jan 14, 2022 1:02pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Have a good weekend traders
Studing..............
  • #648,449
  • Jan 14, 2022 1:13pm Jan 14, 2022 1:13pm
Thank you everyone for your support and encouraging words. Have a great weekend!


Boo boos
  • #648,450
  • Jan 14, 2022 1:14pm Jan 14, 2022 1:14pm
Key USD support being tested.
Weekly/monthly close seems important
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Compulsions can be hard to resist
  • #648,451
  • Jan 14, 2022 1:19pm Jan 14, 2022 1:19pm
Quoting Jolita
Thank you everyone for your support and encouraging words. Have a great weekend! Boo boos
  • #648,452
  • Jan 14, 2022 2:27pm Jan 14, 2022 2:27pm
My analysis is that price will retrace about 5 more pips than reverse and continue up to test the 1.37 level. Still new to trading and need help with entries and technical analysis. What does everyone think?
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  • #648,453
  • Jan 14, 2022 6:31pm Jan 14, 2022 6:31pm
Quoting Nd10
{quote} I would rather edit that a break below 1.357 takes us down to 1.30

most of my quote are round numbers
MY OPINION NOT FINANCIAL ADVISE
  • #648,454
  • Jan 14, 2022 7:18pm Jan 14, 2022 7:18pm
have a good weekend all
  • #648,455
  • Edited 11:29pm Jan 14, 2022 10:33pm | Edited 11:29pm
will watch for 1.3597, more early signal 1.3644 for gbpusd and 1.1385 limits for eurusd at the market open before next trade open . take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #648,456
  • Jan 15, 2022 12:47am Jan 15, 2022 12:47am
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yes yes yes
  • #648,457
  • Jan 15, 2022 1:47am Jan 15, 2022 1:47am
Quoting donfriday
{quote} most of my quote are round numbers
Don you seem to know more about round numbers of prices. Kindly explain more if any reasons for that
  • #648,458
  • Edited 5:51am Jan 15, 2022 4:01am | Edited 5:51am
Quoting Nd10
{quote} Don you seem to know more about round numbers of prices. Kindly explain more if any reasons for that


round number is where the main price action kicks in

example if gu goes 1.30 1.29 it will get kick by strong buyers
if gu goes 1.40 1.41 to 42 it will get hammer by seller


major round numbers are in 500-1000pips distance they get achieved within a quarter base on the minimum or maximum range like George has been doing.

i expect gu to go 1.40 - 1.42 in first quarter

reason i use RN is because i mostly lost where to put my S&R ....
i wish i can write down everything but i just get them stuck in my head
MY OPINION NOT FINANCIAL ADVISE
  • #648,459
  • Jan 15, 2022 5:17am Jan 15, 2022 5:17am
the weekly is still closing bullish & monthly no doubt bullish ,
this is a terrible combination for the bears as price can defy logic in those conditions
if your happy that V shape is complete or it needs to go to the end of the pattern ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #648,460
  • Jan 15, 2022 5:23am Jan 15, 2022 5:23am
the usd / chf will rise next week. and not a little.
h1.
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