Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#658,741
May 12, 2022 2:00am May 12, 2022 2:00am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

I knew the pound was going to drop but I never saw this low this quick..makes u wonder what the hell is going on

#658,742
May 12, 2022 2:03am May 12, 2022 2:03am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts

usdx pa possible . to overcome this supply / breakout zone still , so a big shakeout likely coming next days / weeks. price go over 104.50 may careful , may correspond gu 2068! similarly audusd , nzdusd to tank disproportionately low / sharp , than eu

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Not understand?better not follow my analyses!doubt clearer first, risks ++

#658,743
May 12, 2022 2:07am May 12, 2022 2:07am

gespiri
Joined Oct 2011 | Status: Lost.... | 2,384 Posts

Quoting gespiri

Disliked

{quote} My target is still around 1.2180 - 1.2195....let's see if it gets there this week.

Ignored

This is probably gonna range here for some days (100-150pips) before it attempts to double bottom on the weekly before it accelerates up. Let's wait and see.

Lost....

#658,744
May 12, 2022 2:26am May 12, 2022 2:26am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

let's go up mf

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yes yes yes

#658,745
May 12, 2022 2:27am May 12, 2022 2:27am

shay14
| Joined Mar 2014 | Status: Trader | 1,045 Posts

Can't believe im still seeing buys

#658,746
May 12, 2022 2:35am May 12, 2022 2:35am

donfriday
Joined Jan 2009 | Status: bye FF | 8,806 Posts

Quoting nAVIN2007

Disliked

I knew the pound was going to drop but I never saw this low this quick..makes u wonder what the hell is going on

Ignored

fundamental is involved...

MY OPINION NOT FINANCIAL ADVISE

#658,747
Edited 3:00am May 12, 2022 2:46am | Edited 3:00am

Georginson
Joined Aug 2018 | Status: Research Analyst | 4,290 Posts

Quoting shay14

Disliked

Can't believe im still seeing buys

Ignored

You are still seeing buys simply because it will eventually happen but before it buys, it wants to damage most bears and finally rocket up.

The last time I saw this type of trend was year 2020 and Year 2013. This guy has dropped by 1568 pips from high of 1.3748. year 2020 had a drop of 1800 pips while year 2013 had a drop of 1510 pips.

The nearest supports are 1.2165 and 1.2073 from April and May 2020... Bulls will finally have their time to swing in the near term.

1568 pips of expected 1700 pips has happened as early as May... This is bizzare and simply means that 1.3775 - 1.3880 may be the high of this year, which is negating possibility of another return to 1.40.

Fingers crossed.

Data + Stat + Risk/Emotions Management

#658,748
May 12, 2022 3:13am May 12, 2022 3:13am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

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yes yes yes

#658,749
May 12, 2022 3:14am May 12, 2022 3:14am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting Georginson

Disliked

{quote} You are still seeing buys simply because it will eventually happen but before it buys, it wants to damage most bears and finally rocket up. The last time I saw this type of trend was year 2020 and Year 2013. This guy has dropped by 1568 pips from high of 1.3748. year 2020 had a drop of 1800 pips while year 2013 had a drop of 1510 pips. The nearest supports are 1.2165 and 1.2073 from April and May 2020... Bulls will finally have their time to swing in the near term. 1568 pips of expected 1700 pips has happened as early as May... This is bizzare...

Ignored

Lots of people are long I guess, hence the drop