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Cable Update (GBPUSD)

  • #660,601
  • May 26, 2022 12:33am May 26, 2022 12:33am
Took out some buys. There may be a heavy fall to. 1.24 and reinforcement to break 1.27
  • #660,602
  • May 26, 2022 12:37am May 26, 2022 12:37am
GU is looking overstretched to the upside for the current hour.

I expect a sell until 1.2534
  • #660,603
  • May 26, 2022 12:44am May 26, 2022 12:44am
Quoting pipcenturion
GU is looking overstretched to the upside for the current hour. I expect a sell until 1.2534
It is up to partygate developments. But GU could be 1.2800
  • #660,604
  • May 26, 2022 12:46am May 26, 2022 12:46am
Still bearish 1.24 or below 1.2
just need patience
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  • #660,605
  • May 26, 2022 12:53am May 26, 2022 12:53am
My expectations from GU, but both of the yellow lines could pop GU up, seriously .
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  • #660,606
  • May 26, 2022 12:53am May 26, 2022 12:53am
Rangebound
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yes yes yes
  • #660,607
  • May 26, 2022 12:55am May 26, 2022 12:55am
... 3 fib cluster 2546-44 in that prev 1hr/4hr sw hi x2 xone = prev res = pot rbs...price has already found support in that zone once. It extends down to circa 2744 on 1hr, circa 2738 on 4hr. Dly Pivot in there too. 4 fib cluster 2504-00.

Next fibs to upside, 2626, 2647, then 2654.

1hr below
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Trader with an Edge.
  • #660,608
  • May 26, 2022 12:59am May 26, 2022 12:59am
Be smart, take what the market give you these days, heaven for me.
  • #660,609
  • May 26, 2022 1:02am May 26, 2022 1:02am
Quoting Whale
My expectations from GU, but both of the yellow lines could pop GU up, seriously . {image}
Im with you and Im still with my wedge only patience, price can be pumped some more to 1.2650 But overal price must take new low to explode to new highs 1.27, 1.28 or 1.30, i could be wrong too, Trade safe, cheers!
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People don't plan to lose. They lose because they don't plan.
  • #660,610
  • May 26, 2022 1:04am May 26, 2022 1:04am
Quoting Moty
Rangebound {image}
Or not ?
I am flexible
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yes yes yes
  • #660,611
  • May 26, 2022 1:09am May 26, 2022 1:09am
...noman's land at the moment (atm) trapped between mon/tues hi's and current dly lo/weds's hi.
Trader with an Edge.
  • #660,612
  • May 26, 2022 1:09am May 26, 2022 1:09am
Seen a rejection of 126 but also a rejection of 12550 .. I’m still shorting this one looking for a big trigger upwards to 127 so maybe 12450? Not sure
Insane in the Brain..
  • #660,613
  • Edited 1:48am May 26, 2022 1:15am | Edited 1:48am
Quoting BeeTogether
Seen a rejection of 126 but also a rejection of 12550 .. I’m still shorting this one looking for a big trigger upwards to 127 so maybe 12450? Not sure
...and you are in good company lol, none of us do, nor does 'the market' because it is made up of x number of different individuals all with different aims/plans/targets etc. I don't have any expectations therefore and I don't even know what the next price tick will be for sure and I'm quite comfortable with that....The market doesn't care what we think/expect, it will do what it will do...price is our only guide and everything is derived from it. All we can do is play the probabilities if they are known to us through our edges.
Trader with an Edge.
  • #660,614
  • May 26, 2022 1:16am May 26, 2022 1:16am
Quoting BeeTogether
Seen a rejection of 126 but also a rejection of 12550 .. I’m still shorting this one looking for a big trigger upwards to 127 so maybe 12450? Not sure
scalp those areas only, dont look for the holy grail.
LTF structure is up, HTF is down.
until BOS on 1h and alignments with the major trend enjoy the short moves
  • #660,615
  • May 26, 2022 1:20am May 26, 2022 1:20am
Quoting Whale
My expectations from GU, but both of the yellow lines could pop GU up, seriously . {image}

i dont think we will see 1.19 in June until Q3

my opinion
MY OPINION NOT FINANCIAL ADVISE
  • #660,616
  • May 26, 2022 1:22am May 26, 2022 1:22am
let go
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MY OPINION NOT FINANCIAL ADVISE
  • #660,617
  • May 26, 2022 1:24am May 26, 2022 1:24am
Quoting donfriday
{quote} i dont think we will see 1.19 in June until Q3 my opinion
You told me this more than one time.
and i answered.
I dont use your quarters method. this is my chart and this is the only thing that i follow.
this is a macro chart, if things will change i will change it.
not because of the quarters,
Currency is not a company that needs to report its quarterly earnings and loss statement to the stock exchange
BTW Q3 is one month from now.


edit, regarding the slope of my
potential B wave, ignore it, it could take longer, its only illustratation
  • #660,618
  • May 26, 2022 1:25am May 26, 2022 1:25am
Quoting donfriday
{quote} i dont think we will see 1.19 in June until Q3 my opinion
this possibility is very high when the price can not keep the important levels of 1.24 and 1.23
There is nothing wrong with being kind & loving to each other
  • #660,619
  • May 26, 2022 1:25am May 26, 2022 1:25am
Quoting donfriday
{quote} i dont think we will see 1.19 in June until Q3 my opinion
We can see in Q2
People don't plan to lose. They lose because they don't plan.
  • #660,620
  • May 26, 2022 1:27am May 26, 2022 1:27am
My shorting bias continues for time being US data at 1.30 pm Uk time to high might negate the move downward
Insane in the Brain..
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