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Cable Update (GBPUSD)

  • #649,841
  • Jan 27, 2022 11:29am Jan 27, 2022 11:29am
Quoting Georginson
With Just 2 trade days left in January, let's start preparing for February and March (first quarter). There is a developing case for 1.29 by or before March as bulls couldn't close above 1.3770. let's wait to see January close for clarity about the scenario between 1.29 and 1.39. Bulls had their time, now bears are having their time. The big question is where will this bearish trend collapse, if you can get it then you have a potential 1000 pips opportunity to explore. Regards, George. {image}
Hi G,
monthly 4% view with weekly MA. need a sideway price and weekly to go flat to end downtrend.
the divergence is there already but need time to develop.

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #649,842
  • Jan 27, 2022 12:05pm Jan 27, 2022 12:05pm
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yes yes yes
  • #649,843
  • Jan 27, 2022 12:32pm Jan 27, 2022 12:32pm
Quoting Learner-xx
Looking at what the pair is doing. I see they did some good validation of the fib and support/Resistances for the technical traders {image}

great observation..
  • #649,844
  • Jan 27, 2022 12:34pm Jan 27, 2022 12:34pm
Early start today.
Some areas I am watching for bullish then bearish action
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Compulsions can be hard to resist
  • #649,845
  • Jan 27, 2022 12:37pm Jan 27, 2022 12:37pm
Quoting Nordling
{quote} Ahaha just saw this, feel free to post mate we also need charts there instead of fights
If I spend too much time in there Nordling, I will become guilty by association
Compulsions can be hard to resist
  • #649,846
  • Jan 27, 2022 12:41pm Jan 27, 2022 12:41pm
Quoting Mitiblotch
{quote} What do you see now on DXY? You see that time it broke downward it was completely fake. I stopped using lines on my chart. They appear useless, as I can trade perfectly without them. I'd like to know your thoughts now with the rise of yesterday and today.
I can only say thats very unusual
you can see candles don't break by that far both sides or mostly ever in all history ,maybe once or twice
maybe it needs to reach for something ,anyway the fed do have the power to create crazy candles
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #649,847
  • Jan 27, 2022 12:54pm Jan 27, 2022 12:54pm
Hope you agree with this Brother
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Price action, my best indicator.
  • #649,848
  • Jan 27, 2022 12:59pm Jan 27, 2022 12:59pm
Oil looks almost ready for a shake down
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Compulsions can be hard to resist
  • #649,849
  • Jan 27, 2022 1:03pm Jan 27, 2022 1:03pm
Quoting Bones
{quote} I can only say thats very unusual you can see candles don't break by that far both sides or mostly ever in all history ,maybe once or twice maybe it needs to reach for something ,anyway the fed do have the power to create crazy candles {image} {image}
They do indeed Bones, ever since the GFC, they have been a major driving force of the markets with their policies.
I was watching that steep ascending trendline also.
Compulsions can be hard to resist
  • #649,850
  • Jan 27, 2022 1:15pm Jan 27, 2022 1:15pm
... almost certainly a bearish dly candle will result at today's close of candle. Question is - how long will the lower wick be. If it closes around abouts 3390 or below then today's 3359 lo looks vulnerable?

There is now a prev minor 4hr/1hr x 2 possibly 3 sw lo zone going down to today's current lo, = prev supp = pot supp, but one wonders how much demand left in it if tested again? This said it is coexistent with that prev 4hr/dly sw hi zone from Dec 2021 = prev res = pot rbs that has now acted as supp, and on dly extends down to circa 3325.

Dly below.
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Trader with an Edge.
  • #649,851
  • Jan 27, 2022 1:17pm Jan 27, 2022 1:17pm
Need to take more things into consideration.
USD has been building levels up for some time.

That blue area is Mad-Angry support.
Not to be trifled with.

A couple of lines in there too look at also.
The power of that (current) hammer off M-A support, I doubt the top trend line will offer more than just some temporary resistance
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Compulsions can be hard to resist
  • #649,852
  • Jan 27, 2022 3:48pm Jan 27, 2022 3:48pm
Quoting Bones
{quote} I can only say thats very unusual you can see candles don't break by that far both sides or mostly ever in all history ,maybe once or twice maybe it needs to reach for something ,anyway the fed do have the power to create crazy candles {image} {image}
It'll be funny if it was just a retest of that line. If it rejects downwards GU and EU bulls will smile.
  • #649,853
  • Jan 27, 2022 3:59pm Jan 27, 2022 3:59pm
[quote=Pat Chiko;13872312]{quote}

Hi Pat,

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  • #649,854
  • Jan 27, 2022 4:11pm Jan 27, 2022 4:11pm
Quoting Robinhood1
{quote} We have probably reversed so Baba go back to bed with my respects
Hello Robinhood please are you yoruba
GREATEST WISDOM AND POSITIVE ENABLEMENT COMES FROM ALMIGHTY GOD
  • #649,855
  • Jan 27, 2022 4:20pm Jan 27, 2022 4:20pm
Quoting Robinhood1
{quote} Get ready to hand me over your shorts mate, tsuanami is on its way
Really
  • #649,856
  • Jan 27, 2022 4:21pm Jan 27, 2022 4:21pm
Quoting trumps
Oil looks almost ready for a shake down {image} {image} {image}
Yes I'm short on Brent
  • #649,857
  • Jan 27, 2022 4:22pm Jan 27, 2022 4:22pm
Quoting holaralph78
{quote} Hello Robinhood please are you yoruba
You d find your lost egbon?
  • #649,858
  • Jan 27, 2022 5:26pm Jan 27, 2022 5:26pm
Inserted Video
not euphoria follower
  • #649,859
  • Jan 27, 2022 5:57pm Jan 27, 2022 5:57pm
Quoting Jolita
{quote} sure, all we want is to make money important news next week ...hmmm...never stop, which is good in a way
I'm always ready for green days. We experience traders now when they are coming. So I do this online so everyone that's not FF has an opportunity to make money and understand why the markets going where it's going.
  • #649,860
  • Jan 27, 2022 8:12pm Jan 27, 2022 8:12pm
[quote=Nd10;13874424]{quote} You d find your lost egbon?[/qu YES BABA MI
GREATEST WISDOM AND POSITIVE ENABLEMENT COMES FROM ALMIGHTY GOD
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