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Cable Update (GBPUSD)

  • #656,321
  • Apr 15, 2022 9:32pm Apr 15, 2022 9:32pm
Quoting mysterio
Monday one more dip close to 1.30 Then bulls for a while. Bull trend
bad friday if trade this pair , so i skipped one day of trade these pair >.<
i believed that these pair will go up . buy when its accumulate more
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #656,322
  • Apr 15, 2022 9:35pm Apr 15, 2022 9:35pm
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wait these OB tested and buy , not in the middle , risk too much
no hestite
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #656,323
  • Apr 15, 2022 9:50pm Apr 15, 2022 9:50pm
Love the insights that everyone shares. Thank you so much for your research and viewpoints!

I'm thinking we'll see a slight drop to the 1.3030 area early next week and then a bounce to the 1.3230-50 resistance area (which were the lows of last December 2021). And then I believe we'll see a sharp drop at the end of the month to 1.2850-20 where it was in October and November of 2020. That will give us a monthly range of about 400 pips. Of course, as always, I might be wrong so stay patient and nimble!
  • #656,324
  • Apr 16, 2022 5:13am Apr 16, 2022 5:13am
Quoting gjgriff
Love the insights that everyone shares. Thank you so much for your research and viewpoints! I'm thinking we'll see a slight drop to the 1.3030 area early next week and then a bounce to the 1.3230-50 resistance area (which were the lows of last December 2021). And then I believe we'll see a sharp drop at the end of the month to 1.2850-20 where it was in October and November of 2020. That will give us a monthly range of about 400 pips. Of course, as always, I might be wrong so stay patient and nimble!
Nice, however, you couldn't see a possible up move?
  • #656,325
  • Apr 16, 2022 5:53am Apr 16, 2022 5:53am
I bought 0.50 on 1.3170, it is been few weeks my tp is at 1.3270. what do you think guys will it hit my tp or no?
  • #656,326
  • Apr 16, 2022 6:16am Apr 16, 2022 6:16am
Quoting kris89
{image}wait these OB tested and buy , not in the middle , risk too much no hestite
exactly what i see, i want to buy but cheaper than current prices
  • #656,327
  • Edited 9:47am Apr 16, 2022 9:20am | Edited 9:47am
Quoting Nd10
{quote} Nice, however, you couldn't see a possible up move?

Yes, I definitely agree with others who think the pound will end higher this quarter. I just don't think it will happen in April especially since the geo political situation is so volatile. The 1.320-50 area is key in my opinion. If it successfully breaks through and remains above it, then I'm wrong. We'll know in the remaining two weeks!
  • #656,328
  • Edited 10:54am Apr 16, 2022 10:17am | Edited 10:54am
Quoting shay14
{quote} exactly what i see, i want to buy but cheaper than current prices
With friday's consolidation, i wont be surprised to see a gap up.
IMHO, 1.3050 is a clean cheap price if this bottom holds next week.
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Face 'ur fears & tame 'ur greed
  • #656,329
  • Apr 16, 2022 10:36am Apr 16, 2022 10:36am
Quoting JereMi256
{quote} With friday's consolidation, i wont be surprised to see a gap up. IMHO, 1.3050 is a clean cheap price if this bottom holds next week.
Agreed tbh, current price is also good
  • #656,330
  • Edited 1:13pm Apr 16, 2022 12:34pm | Edited 1:13pm
waiting 1.2998 support for a bounce towards 3120/61 in bear set up as last leg up to down further ! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #656,331
  • Edited 4:11pm Apr 16, 2022 3:53pm | Edited 4:11pm
Quoting fontu
waiting 1.2998 support for a bounce towards 3120/61 in bear set up as last leg up to down further ! take care {image} {image}
Hi Fontu,
Your charts are good and clear. However, should 1.30 or 1.297 hold, price would skyrocket above 1.33 non stop. Your descending trendline on 4H has actually touched 3 times. Check your drawing well please and should price get back to 1.313 area, it will definitely break the trendline to 1.32 in the first instance. That descending trendline and the current support at 1.297 area have formed a bullish flag and price would respond accordingly and radically to the upside.
Finally, from PA, the bearish move should terminate at 1.26 area and you and I know that market makers and movers having anticipated this already won't let it happen. It will so predictable
My take. We ought to be careful with sells now as one may be stuck.
It is also worthy to note that yearly S1 - 1.3050;
Last year's pivot which didn't hit then remained 1.296 and it's almost there. Dxy needs a serious retracement. Lot more considerations too.
I REMAIN BULLISH TILL 1.34-1.36, first instance now modified to 1.33

May be wrong though
thanks
  • #656,332
  • Apr 16, 2022 4:30pm Apr 16, 2022 4:30pm

If price close below 1.30536, it will be a good signal to sell and wait patiently for price to get to 1.3000 key level before we see another uptrend -

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  • #656,333
  • Apr 17, 2022 3:44am Apr 17, 2022 3:44am
My take. Gbpusd current trend is down.
  • #656,334
  • Edited 9:17am Apr 17, 2022 5:35am | Edited 9:17am
Quoting Nd10
{quote} Hi Fontu, Your charts are good and clear. However, should 1.30 or 1.297 hold, price would skyrocket above 1.33 non stop. Your descending trendline on 4H has actually touched 3 times. Check your drawing well please and should price get back to 1.313 area, it will definitely break the trendline to 1.32 in the first instance. That descending trendline and the current support at 1.297 area have formed a bullish flag and price would respond accordingly and radically to the upside. Finally, from PA, the bearish move should terminate at 1.26 area...
As in a 5th wave, likely a good bounce up (and this pair never miss any bounce chance.), But again looks not ended the wave, should test 2924 /2854 next support and so may range down anyway. Lets see how to accomplish this play next. Anyway end of this current wave down , next correction above 3297 minimum before tanking great possible. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #656,335
  • Apr 17, 2022 1:24pm Apr 17, 2022 1:24pm
Sell then buy around 1.3005-29 for 100 pips
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  • #656,336
  • Apr 17, 2022 3:26pm Apr 17, 2022 3:26pm
GBPUSD price action on the daily time frame is sideways in a technically bearish environment. Further bearish drive would be targeting value areas within the 1.28730/1.26940 significant, multi-year horizontal support (green). As price action tackles the southward value areas, any bullish drive would be corrective.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #656,337
  • Edited 4:29pm Apr 17, 2022 4:16pm | Edited 4:29pm
NZDJPY SHORT
DAILY CHART
TP: 400 pips
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My telegram: https://t.me/avidforex
  • #656,338
  • Apr 17, 2022 4:24pm Apr 17, 2022 4:24pm
NZD AND AUD are weak..... Trade against their pair combinations AUDUSD, AUDCHF, GBPAUD, NZDJPY and so on.

Find good support and resistance before trading..
My telegram: https://t.me/avidforex
  • #656,339
  • Apr 17, 2022 9:03pm Apr 17, 2022 9:03pm
1.30300 will be the first level obstacle , lets wait and see these level on LO react
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #656,340
  • Apr 17, 2022 10:19pm Apr 17, 2022 10:19pm
Dx is so staburn, just had to open with a gap up to check the 100.665 level
So annoying
Give up allready mf
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yes yes yes
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