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Cable Update (GBPUSD)

  • #657,261
  • Apr 27, 2022 3:44am Apr 27, 2022 3:44am
Quoting pipibrasci
{quote} {image} 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.
lets see never trust gu ,,always look for the alterative
Regards E
  • #657,262
  • Apr 27, 2022 3:46am Apr 27, 2022 3:46am
Quoting pipibrasci
{quote} {image} 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.
watch for 61.8 extenstion on the low ,,,2520 area
  • #657,263
  • Apr 27, 2022 3:47am Apr 27, 2022 3:47am
Quoting mysterio
{quote} 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 {image}
damnit! about to get taken out. take a break and figure out plan B

still bearish ?
  • #657,264
  • Apr 27, 2022 3:48am Apr 27, 2022 3:48am
Back on that low now so carful
  • #657,265
  • Apr 27, 2022 3:50am Apr 27, 2022 3:50am
H4 candle about to close 10 minute again , will what will it playout >.< i waiting the next hint of candle

edited : Scalp buy again in these area @1.25400

expected H4 candle close near 1.25700 in last minute
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #657,266
  • Apr 27, 2022 3:52am Apr 27, 2022 3:52am
Quoting Georginson
{quote} 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.

Thank you for those annual range numbers George! And I love the insight that 2022 could be similar to 2018.

2018 reached it's peak in the first quarter, kind of ranged in the summer, and then in the Fall it hit its low, with a nice bounce up in December. That's a scenario I could see happening this year as well. But you think we'll continue north in the summer and hit our high in the Fall/winter?

I differ with you on that last part of the year unless the political/economic situation changes. September should be the key month to see which way is right. Either way, be prosperous!
  • #657,267
  • Apr 27, 2022 4:02am Apr 27, 2022 4:02am
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  • #657,268
  • Apr 27, 2022 4:09am Apr 27, 2022 4:09am
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yes yes yes
  • #657,269
  • Apr 27, 2022 4:10am Apr 27, 2022 4:10am
Bulls, don’t jump the gun.
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  • #657,270
  • Apr 27, 2022 4:13am Apr 27, 2022 4:13am
Quoting gjgriff
{quote} Thank you for those annual range numbers George! And I love the insight that 2022 could be similar to 2018. 2018 reached it's peak in the first quarter, kind of ranged in the summer, and then in the Fall it hit its low, with a nice bounce up in December. That's a scenario I could see happening this year as well. But you think we'll continue north in the summer and hit our high in the Fall/winter? I differ with you on that last part of the year unless the political/economic situation changes. September should be the key month to see which...
Global and economic issues are a small part of the acceleration. Otherwise, they are not the most important factor in changing the goals of the process. They are accelerators, not modifiers. Maybe my knowledge is wrong
There is nothing wrong with being kind & loving to each other
  • #657,271
  • Apr 27, 2022 4:13am Apr 27, 2022 4:13am
Quoting Bainbrito
Bulls, don’t jump the gun. {image}
There is nothing wrong with being kind & loving to each other
  • #657,272
  • Apr 27, 2022 4:17am Apr 27, 2022 4:17am
Quoting mysterio
{quote} damnit! about to get taken out. take a break and figure out plan B still bearish ?
My feeling is it's liquidity gathering and priming for a long

I remain with my position for now. The deflection off of daily open failing to BOS was a bit concerning though. I'll treat it as a range for now and liquidity gathering
  • #657,273
  • Apr 27, 2022 4:22am Apr 27, 2022 4:22am
War and War rhetoric is escalating,
Boundaries are being broken...
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Compulsions can be hard to resist
  • #657,274
  • Apr 27, 2022 4:23am Apr 27, 2022 4:23am
Quoting elbert3
{quote} watch for 61.8 extenstion on the low ,,,2520 area
lol sneeeky gu but we know what to look for
  • #657,275
  • Apr 27, 2022 4:29am Apr 27, 2022 4:29am
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nice W trade what you see or about to see . Sneeeeky cable
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  • #657,276
  • Apr 27, 2022 4:29am Apr 27, 2022 4:29am
EU is still Breaking bad.
Might get a bounce from 1.04 region to retest monthly resistance/TL break confluence around 1.08 above
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Compulsions can be hard to resist
  • #657,277
  • Apr 27, 2022 4:30am Apr 27, 2022 4:30am
Try to be head and shoulders above cable
  • #657,278
  • Apr 27, 2022 4:35am Apr 27, 2022 4:35am
...biggest pullback since 3090 hi was 76pips, 2696 to tues's 2772 hi. 1hr and 4hr reg bull div @ current dly lo...nice move up. I think the chart below may just have been the potential support around that 85.4% fib. Could challenge current dly hi. 1hr falling wedge broke to the upside in that run up.

wkly below
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Trader with an Edge.
  • #657,279
  • Apr 27, 2022 4:37am Apr 27, 2022 4:37am
Today we will see many zig zag up down. Max for my long now is 1.26600 perhaps will going down from there to take 1.25000
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #657,280
  • Apr 27, 2022 4:39am Apr 27, 2022 4:39am
Before a move up I think there will be a lengthy accumulation period - especially as there is no fundamental reason for price to move up - pivot points identifying a range on the daily what I’m currently waiting for. The break out of accumulation may be some time away. Whatever happens when the bottom of this move is found, it could be here, it could be anywhere, I am sure it will be tested several times before any significant recovery to the upside.
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