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Cable Update (GBPUSD)

  • #657,241
  • Apr 27, 2022 2:56am Apr 27, 2022 2:56am
Quoting donfriday
{quote} i am expecting Q2 to offer the low of 2022 meaning i expect a few more drop next month but correction to 1.2750 1.28 cannot be ruled out before 1.2250 as long as 1.25 didnt break in Q2 the current move we see is a correction of the low 1.15 i am bullish above 1.25
quite fair
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #657,242
  • Apr 27, 2022 2:56am Apr 27, 2022 2:56am
...nice pullback from that 85.4% fib

2544 85.4% 2252-4249
2537-2480 prev dly sw lo x 2 zone = prev supp = pot supp (incl 2512 = Mthly S3, 2506 = Dly S1, & 2495 = 61.8% 1410-4249)
2475 Wkly S3
2438 Dly S2
Trader with an Edge.
  • #657,243
  • Apr 27, 2022 2:58am Apr 27, 2022 2:58am
i have expected 1.25 for a while

1.25 will be the decider of 1.35 between now and 2023 Q2


my long from 1.2550 is based on Divergence of rsi falling bellow the 2020 at index value of 14.11


GU is exhausted from longs any drop that fail to break 1.25 is a buy for 1000pips 1.35 i expect 1.4 by 2023 Q1
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MY OPINION NOT FINANCIAL ADVISE
  • #657,244
  • Apr 27, 2022 3:00am Apr 27, 2022 3:00am
Quoting Georginson
Bounce to 1.3150/1.3200 (May/June) Bounce to 1.3775 (July/August) Bounce to 1.4150 (November/December) 1.2541 low at time of typing.
I agree with you. We have 1.4000 points in the areas that have not been hit yet and should be registered this year. Next year we may want to test the 1,200 areas again
There is nothing wrong with being kind & loving to each other
  • #657,245
  • Apr 27, 2022 3:01am Apr 27, 2022 3:01am
So George, do I understand correctly that you believe we have or are about to hit our yearly low?

I was thinking that you're right about the bounce to 1.3150 in the May/June time frame. But I think we'll range over the summer. And then in the Fall we'll continue lower 1.200 to see an annual range of at least 1500 pips. To go higher wouldn't the fundamental economic/political situation have to radically change? I'm not sure I see either inflation or the war ending by the Fall.
  • #657,246
  • Apr 27, 2022 3:03am Apr 27, 2022 3:03am
Quoting gjgriff
So George, do I understand correctly that you believe we have or are about to hit our yearly low? I was thinking that you're right about the bounce to 1.3150 in the May/June time frame. But I think we'll range over the summer. And then in the Fall we'll continue lower 1.200 to see an annual range of at least 1500 pips. To go higher wouldn't the fundamental economic/political situation have to radically change? I'm not sure I see either inflation or the war ending by the Fall.
Give it time mate...
Data + Stat + Risk/Emotions Management
  • #657,247
  • Apr 27, 2022 3:05am Apr 27, 2022 3:05am
Quoting Houtbay
Elbert what is your tp for Gbpusd?
I take them when my rules kick in . As soon as price goes back over or under the trade I am in . If that makes sense . My last trade was in long but also hedged at that top tl on the above post and 1st resistance . Regards
  • #657,248
  • Apr 27, 2022 3:05am Apr 27, 2022 3:05am
Quoting donfriday
i have expected 1.25 for a while 1.25 will be the decider of 1.35 between now and 2023 Q2 my long from 1.2550 is based on Divergence of rsi falling bellow the 2020 at index value of 14.11 GU is exhausted from longs any drop that fail to break 1.25 is a buy for 1000pips 1.35 i expect 1.4 by 2023 Q1 {image}
What exactly,in the fundamentals has changed or is going to change in order to drive this upward move for 1000pips do you think?
Trader with an Edge.
  • #657,249
  • Apr 27, 2022 3:08am Apr 27, 2022 3:08am
Quoting Headland
{quote} What exactly,in the fundamentals has changed or is going to change in order to drive this upward move for 1000pips do you think?

i am zero knowledge on fundamental
i only say from my tech view
MY OPINION NOT FINANCIAL ADVISE
  • #657,250
  • Apr 27, 2022 3:08am Apr 27, 2022 3:08am
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crude lol
  • #657,251
  • Apr 27, 2022 3:12am Apr 27, 2022 3:12am
Quoting Georginson
{quote} ✓ Year 2012 range being 1073 pips, followed by big range in 2013 being 1764 pips... Year 2021 range being 1089 pips is identical to Year 2012 range being 1073 pips, this means strong chance of 2013 range of 1764 pips occuring again in year 2022... ✓ Year 2018 opening price being 1.3521 has identical open price 1.3523 year 2022 opening price, Meanwhile Year 2018 Range was 1900 pips, which is another strong clue of big range (1700+ pips) expectation in Year 2022. Also Noteworthy that 1073 pips...
This is a post from January, this year 2022 range is expected to be big and it's playing out as expected. 1209 pips so far this April which is already 130 pips more than all the range of year 2021. Year 2022 still has 500 more pips to go... The path and sequence has been clearly stated in my previous posts.

Please note: these are my research excerpts with no obligation to follow.

Cheers, George.
Data + Stat + Risk/Emotions Management
  • #657,252
  • Apr 27, 2022 3:13am Apr 27, 2022 3:13am
No matter the manipulation of the smart money, CADJPY AND AUDJPY should sell off.
My telegram: https://t.me/avidforex
  • #657,253
  • Apr 27, 2022 3:16am Apr 27, 2022 3:16am
Quoting donfriday
{quote} i am zero knowledge on fundamental i only say from my tech view
Thanks. But you are talking rubbish. Technicals show us what has happened not what is going to happen, they are not predictive, no analysis is. Analysis of any kind can provide us with an edge based on repeating patterns/sets of circumstances that have occurred in the past that point to a % probability of something occurring again in the future should that same pattern/circumstances develop again. That is all. So unless you have a large sample(s) of the technicals as they are now resulting in a 1000pip move to the upside on x % of occasions in the past (whether on this particular occasion it does or not,) then your statement is worthless. I say this to help you. You are not alone though, there are so many of these baseless / wishful statements here, and it is a major mistake by traders. Georginson's analysis and hypothesis of a probable large upside move should price not break a certain level is at least based on some kind of range analysis.
Trader with an Edge.
  • #657,254
  • Apr 27, 2022 3:17am Apr 27, 2022 3:17am
Took long gj
Revarsed h&s
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yes yes yes
  • #657,255
  • Apr 27, 2022 3:17am Apr 27, 2022 3:17am
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could be stop out here 1st résistance on 5 min if so look to my tl above
  • #657,256
  • Apr 27, 2022 3:24am Apr 27, 2022 3:24am
Attached Image
Trader with an Edge.
  • #657,257
  • Apr 27, 2022 3:24am Apr 27, 2022 3:24am
2576 is 61.8 fib number
  • #657,258
  • Apr 27, 2022 3:31am Apr 27, 2022 3:31am
Quoting Headland
{quote} Thanks. But you are talking rubbish. Technicals show us what has happened not what is going to happen, they are not predictive, no analysis is. Analysis of any kind can provide us with an edge based on repeating patterns/sets of circumstances that have occurred in the past that point to a % probability of something occurring again in the future should that same pattern/circumstances develop again. That is all. So unless you have a large sample(s) of the technicals as they are now resulting in a 1000pip move to the upside on x % of occasions...

i actually didn't finish what u wrote.

Have a good day
MY OPINION NOT FINANCIAL ADVISE
  • #657,259
  • Apr 27, 2022 3:31am Apr 27, 2022 3:31am
Quoting mysterio
{image}
Earlier buy BE

Forgot to wait for liquidity move

Played out to the exact level in my forecast in quote

knowing GU will probably confound. looks to be mitigating the first drive now
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  • #657,260
  • Apr 27, 2022 3:37am Apr 27, 2022 3:37am
Quoting elbert3
2576 is 61.8 fib number
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Interesting how price respects the fibs levels// 0.382, 0.50 and maybe now 0.618. (1.2492/0)

Descending triangle target met but the markets may still be upto something. No doubt USD/DXY is cooling off but not sure yet for the BXY/GBP.
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
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