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Cable Update (GBPUSD)

  • #657,121
  • Apr 26, 2022 9:39am Apr 26, 2022 9:39am
Quoting OnlineAddict
{image}
I think the tech logic is that all t/f's 1hr - mthly are in downtrends, and fundie-wise Ukraine/Russia and Russia's aggressive talk re threatening others, and Uk recession fears = a flight to supposedly safer assets like $.
----------------------------------------

We've hit the bottom of the wkly falling wedge now, and 50% downside ext of mon's pip range. Dly S2 circa 2616.
Trader with an Edge.
  • #657,122
  • Apr 26, 2022 9:42am Apr 26, 2022 9:42am
Quoting Headland
{quote} I think the tech logic is that all t/f's 1hr - mthly are in downtrends, and fundie-wise Ukraine/Russia and Russia's aggressive talk re threatening others, and Uk recession fears = a flight to supposedly safer assets like $.
Yeah, but its still too much and without corrections.
Everyone can see the chart, but only a few can actually read it.
  • #657,123
  • Apr 26, 2022 9:44am Apr 26, 2022 9:44am
TRENDING SPECIALIST
===============

ServerUang
Attached Image (click to enlarge)
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  • #657,124
  • Apr 26, 2022 9:45am Apr 26, 2022 9:45am
Quoting Coreg2004
{quote} Whale, I use APP (alternate price projection) W:1-3 from W:4 {image}
so GU 1.252 as extended 5th on your chart?
  • #657,125
  • Apr 26, 2022 9:47am Apr 26, 2022 9:47am
ooooo man what the hell is this thing doing this low?

jesus
  • #657,126
  • Apr 26, 2022 9:48am Apr 26, 2022 9:48am
Adr low hitted buy @1.26200 area
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #657,127
  • Apr 26, 2022 9:52am Apr 26, 2022 9:52am
...there is nothing inevitable about one price being reached over another/one thing happening over another...ever! Some traders here have I think been trading what they think should/will happen, as supposed to what is actually happening. Re my fundie comments above, I didn't even mention |China/lockdowns/possible recession in world's 2nd largest economy etc...
Trader with an Edge.
  • #657,128
  • Apr 26, 2022 9:53am Apr 26, 2022 9:53am
When retail traders buy GU, I sell. I do not want to be greedy, I will go to bed now. Thtas enough for today, I will milk again tomorrow.
Attached Image(s) (click to enlarge)
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Executing trades with precision!!
  • #657,129
  • Apr 26, 2022 9:54am Apr 26, 2022 9:54am
dont stress yourself all trying to counter the fall, next monthly candle will be the same LOL
chaos is just unknown order
  • #657,130
  • Apr 26, 2022 9:57am Apr 26, 2022 9:57am
next possible bull level for me is 1.25870
  • #657,131
  • Apr 26, 2022 9:59am Apr 26, 2022 9:59am
Quoting Whale
{quote} so GU 1.252 as extended 5th on your chart?
That's the zone...when the market gets there we need to examine the move from 4 to 5 and find 5 fractals if W:5 indeed ended.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 04.26b daily.png Size: 93 KB
Always trade your own plan...I don't provide trading signals.
  • #657,132
  • Apr 26, 2022 10:01am Apr 26, 2022 10:01am
Quoting shay14
next possible bull level for me is 1.25870
2587 76.4% 2074-4249

... DlY S2 reached.

EDIT: added chart below and comment: last 1hr close a big bearish thrust...lots of 1hr (and 4hr) upside obstacles for the bulls

1hr & 4hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #657,133
  • Apr 26, 2022 10:04am Apr 26, 2022 10:04am
I love GBPUSD. Sometimes I like unpredictable behaviors
There is nothing wrong with being kind & loving to each other
  • #657,134
  • Apr 26, 2022 10:07am Apr 26, 2022 10:07am
Quoting Coreg2004
{quote} That's the zone...when the market gets there we need to examine the move from 4 to 5 and find 5 fractals if W:5 indeed ended. {image}
yeah, i gave some benchmark price.
thank u, didnt know that
basically its similar to 2.618 extension of wave 4 +-
  • #657,135
  • Apr 26, 2022 10:12am Apr 26, 2022 10:12am
2616 Dly S2
2587 76.4% 2074-4249
2544 85.4% 2252-4249
2536 Dly S3
2532-2480 prev dly sw lo x 2 zone = prev supp = pot supp (incl 2512 = Mthly S3, & 2495 = 61.8% 1410-4249)
2475 Wkly S3
Attached Image
Trader with an Edge.
  • #657,136
  • Apr 26, 2022 10:14am Apr 26, 2022 10:14am
1.25500 is where ill start buying...
  • #657,137
  • Apr 26, 2022 10:23am Apr 26, 2022 10:23am
Quoting RaHaG0D
{quote} the 1,2600 low is still valid for you?
Yes.
Data + Stat + Risk/Emotions Management
  • #657,138
  • Apr 26, 2022 10:25am Apr 26, 2022 10:25am
Quoting mysterio
We should hit 1.2675 soon I think it will be range-y/accumulation period down here for a bit for a move up Tomorrow if we keep rising I'll sell above the London high of today, around 1.2775-80
Done ! Hope everyone had a good result

I don't see us going much past 1.26 for now. Some ranging and a correction. I will scalp the PA tomorrow and try not to have bias
  • #657,139
  • Apr 26, 2022 10:27am Apr 26, 2022 10:27am
If London fix at 2617 doesn't help the bulls, I don't know what will. Even if it goes up all day today, it will still need to defend those lows tomorrow...fight won't be over, unless it closes above 2700 or even better above 2750, which doesn't seem likely now.
Everyone can see the chart, but only a few can actually read it.
  • #657,140
  • Apr 26, 2022 10:27am Apr 26, 2022 10:27am
Quoting Georginson
{quote} Yes.
Thanks for answering
There is nothing wrong with being kind & loving to each other
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