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Cable Update (GBPUSD)

  • #660,801
  • May 27, 2022 12:02am May 27, 2022 12:02am
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  • #660,802
  • May 27, 2022 12:15am May 27, 2022 12:15am
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  • #660,803
  • May 27, 2022 12:30am May 27, 2022 12:30am
Bull good target at least got, looking 1.2626 limit for probable last leg up and will look for next leg down at and any above. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #660,804
  • May 27, 2022 12:33am May 27, 2022 12:33am
Quoting donfriday
from the read of the price and RSI Daily says the down is not over but a pull back is needed so RSi can move back to 80 index value Hourly says the hidden bearish divergence 1.2625-50 may occur before 1.24 and 1.3550 combine both signals i will take long from 1.24 because daily still show a strong buy

1hour is now fully exhausted


short 1.2650 tp 1.24
MY OPINION NOT FINANCIAL ADVISE
  • #660,805
  • May 27, 2022 12:43am May 27, 2022 12:43am
G/M, this early London morning as city forex desks opening. Up, down, up, down, up was yesterday's story with a big asian session follow thru up to the 23,6% 4249-2198 (last year's hi - current yrly lo.) 2666 the current dly hi and already 82pips up on the day at that hi which is above Dly R2, after y/day's small range day.. Above that hi a prev wkly sw hi then lo (ie the hi acted as rbs) so now = prev supp = pot sbr, awaits, starting @ 2675 and extending on the wkly to 2741. In here a 4 fib cluster 2724-34, and just above a wkly/dly desc t/line circa 2750 on today's dly candle.

1hr below
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Trader with an Edge.
  • #660,806
  • May 27, 2022 1:02am May 27, 2022 1:02am
Quoting donfriday
{quote} 1hour is now fully exhausted short 1.2650 tp 1.24
Yes 1.24 is a possibility but this guy has just broken the monthly high of 1.2638 which means bulls are in control for now and a move to 1.27 cannot be ruled out.

I trust you have it covered.
Data + Stat + Risk/Emotions Management
  • #660,807
  • May 27, 2022 1:05am May 27, 2022 1:05am
does this agree with your system
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  • #660,808
  • May 27, 2022 1:06am May 27, 2022 1:06am
... 3fib cluster 2622-20, then 2596-91.
-------------------------------------------
15min bullish hidden div valid whilst above 2613. Scope for 30min or 1hr on any deeper pullback.
Trader with an Edge.
  • #660,809
  • May 27, 2022 1:10am May 27, 2022 1:10am
Quoting ScalaFX
{quote} Ok we have liqudity grab, buyers trap ready, I will be selling now till 1.2650 if get there, wilk add more on drop, cheers!
Loaded all, fingers crossed and waiting for 1.24
People don't plan to lose. They lose because they don't plan.
  • #660,810
  • May 27, 2022 1:11am May 27, 2022 1:11am
The pull back from 12668 was quite sudden without a retest. I’ve gone long at 12630 just seeing if we can get to 127. SL is 126. No risk just playing with week's profit now
Insane in the Brain..
  • #660,811
  • May 27, 2022 1:12am May 27, 2022 1:12am
placed it on Nasdaq to see whats cooking in tech stocks
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  • #660,812
  • May 27, 2022 1:26am May 27, 2022 1:26am
... wkly still in a downtrend after 6 x consecutive LH's (last one @ 3298.) Dly has now printed a H @ 2501, a HL @ 2329 and a HH @ 2600 with what will be a 2nd HH @ 2667 or higher when it forms fractally. This is 3 candle fractal swing analysis. Of course overall the dly is in a downtrend despite this obvious recent strength on the t/f.
Trader with an Edge.
  • #660,813
  • May 27, 2022 1:34am May 27, 2022 1:34am
in life i am done trying to predict the price

now i will just float with the river
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  • #660,814
  • May 27, 2022 1:35am May 27, 2022 1:35am
Short Gbpusd tp 1.25700
  • #660,815
  • May 27, 2022 1:36am May 27, 2022 1:36am
... currently this prev 1hr/4hr sw hi from 4th may providing a pause to the slide at least = prev res = pot rbs.
Trader with an Edge.
  • #660,816
  • May 27, 2022 1:40am May 27, 2022 1:40am
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yes yes yes
  • #660,817
  • May 27, 2022 1:41am May 27, 2022 1:41am
Quoting Moty
{image}
You gone long too?
Insane in the Brain..
  • #660,818
  • May 27, 2022 1:44am May 27, 2022 1:44am
If the downtrend wants to stay, it has to break 1.255 and then 1.25, otherwise it can be just a pullback for 1.27. let's see
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There is nothing wrong with being kind & loving to each other
  • #660,819
  • May 27, 2022 1:45am May 27, 2022 1:45am
So bored of this freaking PA.
4 steps forward, then 3steps back
  • #660,820
  • May 27, 2022 1:47am May 27, 2022 1:47am
... now or never for the 15min bullish hidden div!
Trader with an Edge.
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