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Cable Update (GBPUSD)

  • #655,781
  • Apr 8, 2022 11:56am Apr 8, 2022 11:56am
Alright, this GU is getting into my nerves now, almost hit TP then reverse like a chad...
Not yet hit SL, but not looking good at the moment, when will this ugly price action patterns stop?
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  • #655,782
  • Apr 8, 2022 1:46pm Apr 8, 2022 1:46pm
Anyobody expecting gap up over the weekend? Like I earlier said, the low has been taken out and now we seek buys at least for a lower high. I'll wait till Monday.
  • #655,783
  • Apr 8, 2022 2:11pm Apr 8, 2022 2:11pm
started with 120 @ loss from 270 $ equity to 150 $
from there made a nice comeback to end it with a 115 $ profit for the all day to finish with 383 $ equity , first on the euraud , and then on the crooky gu
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yes yes yes
  • #655,784
  • Apr 8, 2022 6:04pm Apr 8, 2022 6:04pm
Channeling Cable.
Looks like more down
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Compulsions can be hard to resist
  • #655,785
  • Apr 8, 2022 6:13pm Apr 8, 2022 6:13pm
Looks like a target zone on the monthly
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Compulsions can be hard to resist
  • #655,786
  • Apr 8, 2022 6:32pm Apr 8, 2022 6:32pm
Fibo 123.6 — > 76.4

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  • #655,787
  • Apr 9, 2022 7:18am Apr 9, 2022 7:18am
There is a potential that price would bounce from yesterday low extreme H4 to 1.32low D1 level.
Can only be confirmed with H1 at the moment with losing momentum.

From D1, whether it's 1.32 low or higher, should be taken to follow another sell trend.
For me this could be the potential way to 1.28low as D1 flat to resist now.
  • #655,788
  • Apr 9, 2022 11:15am Apr 9, 2022 11:15am
Quoting Georginson
{quote} Thanks Leon, I absolutely agree we will see 1.35 this second quarter. {quote} My immediate target is 1.34 and extended target if 1.2850 stays unbroken will be 1.3550.
Following your hints closely, so insightful Baba!
The coming week pauses more clues after failing a daily close below the physicological level @1.3000, strong signal for bull power.
Face 'ur fears & tame 'ur greed
  • #655,789
  • Apr 10, 2022 8:02am Apr 10, 2022 8:02am
Bullish for next week im looking to buy the dip next week

First thing may be a short though below Fri low
  • #655,790
  • Apr 10, 2022 8:05am Apr 10, 2022 8:05am
Quoting Georginson
Hello guys, it's finally goodbye to the eventful March and I'm glad it played out almost exactly as expected with 1.3000 being maintained as March Low. Below is my forecast for April 2022 1.2950 ^ 1.3400/1.3550 Remember, money management surpasses all forms of analysis. Wish everyone a successful April 2022 trading. Trade with utmost caution. Cheers, George. {image}
Important Note:
Should price touch 1.2795 this April it will invalidate 1.3300 and provoke a further crash to 1.2670 in the near term. If this scenario occurs, bounce will be limited to 200 - 300 pips from whichever low it touches.

Repeatable price for safe buying this April is between 1.2850/1.2960 zone. This means, even if price crashes to 1.27/1.26 area, the entries from 1.28/1.29 will still break even.

Massive caution is required This April.

Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #655,791
  • Apr 10, 2022 11:16am Apr 10, 2022 11:16am
Read the article in todays Sunday Times papers. Thought to share digital version with you.

https://www.thetimes.co.uk/article/t...ves-wm5nbjwdm#
  • #655,792
  • Apr 10, 2022 12:30pm Apr 10, 2022 12:30pm
Quoting nd10
{quote} that value is actually the year support s1. It already hit yearly pivot at 1.3649 and went extra by 100 pips 1..3749 and dropped 700 pips just between january and this march. What if it happens with this support, that means, we may yet see 1.295 and then pump up back to 1.36 area. Just wondering. Well my tp remains 1.34 to 1.36.. I pray i have the patience though as i always goof
still seems to be playing out. 30 pips shy of 1.295. Buys already waiting there. Still targeting same 1.34 to 1.36. Very patient
  • #655,793
  • Apr 10, 2022 2:04pm Apr 10, 2022 2:04pm
Quoting Georginson
{quote} Important Note: Should price touch 1.2795 this April it will invalidate 1.3300 and provoke a further crash to 1.2670 in the near term. If this scenario occurs, bounce will be limited to 200 - 300 pips from whichever low it touches. Repeatable price for safe buying this April is between 1.2850/1.2960 zone. This means, even if price crashes to 1.27/1.26 area, the entries from 1.28/1.29 will still break even. Massive caution is required This April. Cheers, George.
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  • #655,794
  • Apr 10, 2022 2:35pm Apr 10, 2022 2:35pm
Quoting TooSlow
{quote} {image}
Very well outlined.
Data + Stat + Risk/Emotions Management
  • #655,795
  • Apr 10, 2022 3:14pm Apr 10, 2022 3:14pm
i hope it will stay like this until the market opens
it is 90 pips gap up right to my 115 $ take profit
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yes yes yes
  • #655,796
  • Apr 10, 2022 3:50pm Apr 10, 2022 3:50pm
GBPUSD price action on the daily time frame is tackling the 1.30310 minor horizontal support but potentially poised for a retest of the 1.27780/1.26730 daily demand zone (light green). a zone which has not been tested since October 28, 2020.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #655,797
  • Apr 10, 2022 5:02pm Apr 10, 2022 5:02pm
Quoting KeenPips
GBPUSD price action on the daily time frame is tackling the 1.30310 minor horizontal support but potentially poised for a retest of the 1.27780/1.26730 daily demand zone (light green). a zone which has not been tested since October 28, 2020. I may be wrong. Trade safe and prosper. KP {image}
Nice work KP, makes good sense
Compulsions can be hard to resist
  • #655,798
  • Apr 10, 2022 5:26pm Apr 10, 2022 5:26pm
Quoting trumps
{quote} Nice work KP, makes good sense
gap in play
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  • #655,799
  • Edited 5:54pm Apr 10, 2022 5:35pm | Edited 5:54pm
Quoting Aussi
{quote} gap in play
Yep, not sure how many pips it gapped down.
3050 looks like resistance on the 1 & 4 hr
Compulsions can be hard to resist
  • #655,800
  • Apr 10, 2022 6:04pm Apr 10, 2022 6:04pm
Quoting trumps
{quote} Yep, not sure how many pips it gapped down. 3050 looks like resistance on the 1 & 4 hr
i did get in mate so waiting gap close is at 1.3283 depending which broker i neve close a gap but take a few pips and always close before a gap fill . kindest regards
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