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Cable Update (GBPUSD)

  • #661,041
  • May 29, 2022 9:03am May 29, 2022 9:03am
Quoting Georginson
{quote} 1.2735 next week as far as 1.2495 stays unbroken... June imminent high 1.2795 - 1.2895 June Probable low 1.2500 - 1.2350... This means more chance of 1.27 - 1.28 happening before 1.23. 1.20 will still be visited after the touch of 1.3020 around July August. This is what I see and of course I may be wrong. Cheers, George.
Update:
June 2022 Projected High:
1.2840/1.2895

November/December 2022 Projected High: 1.3799/1.3850

Year 2022 possible Lowest price is current Low of 1.2155 to probable 1.20.

A research excerpt with no obligation to follow.

Cheers,
George
Data + Stat + Risk/Emotions Management
  • #661,042
  • May 29, 2022 9:57am May 29, 2022 9:57am
Quoting donfriday
{quote} Nice trading lecture
  • #661,043
  • Edited 12:24pm May 29, 2022 10:35am | Edited 12:24pm
...could be a 1hr bull flag? Already had the steepest 4hr asc t/line bounce @ the red arrow on chart below. This t/f like 4hr is in a general uptrend.

10/20/50 ema crosses are as below as they closed the week.

1hr below
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Trader with an Edge.
  • #661,044
  • May 29, 2022 11:23am May 29, 2022 11:23am
Quoting Headland
...could be a1 hr bull flag? Already had the steepest 4hr asc t/line bounce @ the red arrow on chart below. This t/f like 4hr is in a general uptrend. 10/20/50 ema crosses are as below as they closed the week. 1hr below {image} {image}
possible but to shoot down most possible to try up and whatever bull it tries price likely fall below the trend line , that is will look for full failure top for good short , next leg down. Lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #661,045
  • May 29, 2022 11:44am May 29, 2022 11:44am
Quoting Georginson
{quote} Congratulations to Madrid, today I stop to be a football fan as the pain is too much for me to bear despite not earning a cent from it.
Lol... how you expected Liverpool to win was a wonder to me. You watched Madrid thump PSG, break Chelsea's spirit from behind, and made sure Man City remained thirsty, and still thought Liverpool would win? There is something called luck and fate and hard work. Trust me, when three of them combine, even the devil will just give way.

I supported Liverpool before the game, but the minute the game started my inner heart moved to Madrid. I wondered why, but instantly knew Madrid would win. I don't gamble on football so I really don't care who wins most times, except my team is playing.

But be sure; the best team won. You deserve to win by actually winning.

Better luck next time. Just make the pips in forex and leave those 22 adults chasing a round leather. Hehe
  • #661,046
  • May 29, 2022 12:46pm May 29, 2022 12:46pm
Quoting Georginson
{quote} Update: June 2022 Projected High: 1.2840/1.2895 November/December 2022 Projected High: 1.3799/1.3850 Year 2022 possible Lowest price is current Low of 1.2155 to probable 1.20. A research excerpt with no obligation to follow. Cheers, George
Did you mean probable low 1.2155 and possible low 1.2000?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #661,047
  • May 29, 2022 1:08pm May 29, 2022 1:08pm
Quoting TooSlow
{quote} Did you mean probable low 1.2155 and possible low 1.2000?
I mean 1.20 is probable since we have dropped to as low as 1.2155 already.
Data + Stat + Risk/Emotions Management
  • #661,048
  • May 29, 2022 3:55pm May 29, 2022 3:55pm
GBPUSD price action on the daily time frame is in a bullish corrective mode and attempting a retest of the 1.26740/1.28645 horizontal resistance zone (purple) seen on the weekly time frame. A successful retest of the zone followed by a bearish role flip would lead to further southward drive. This may see a bearish attack on the significant 1.22520/1.21420 horizontal support (green).

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #661,049
  • May 29, 2022 4:34pm May 29, 2022 4:34pm
Nice gap, quick long cashout
People don't plan to lose. They lose because they don't plan.
  • #661,050
  • May 29, 2022 6:43pm May 29, 2022 6:43pm
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yes yes yes
  • #661,051
  • May 29, 2022 10:02pm May 29, 2022 10:02pm
Pump followed with a hard dump (upcoming)
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  • #661,052
  • May 29, 2022 10:48pm May 29, 2022 10:48pm
Quoting fxmasterdxb
Pump followed with a hard dump (upcoming) {image}
lets wait first , need time for the pattern to form , no hestite
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #661,053
  • May 29, 2022 10:58pm May 29, 2022 10:58pm
Short @ 1.2645
1.2555 is my initial target
  • #661,054
  • May 29, 2022 11:01pm May 29, 2022 11:01pm
Quoting kris89
{quote} lets wait first , need time for the pattern to form , no hestite
Which pattern?
  • #661,055
  • May 29, 2022 11:26pm May 29, 2022 11:26pm
Quoting fxmasterdxb
Pump followed with a hard dump (upcoming) {image}
Out, i dont like the pa, lots of bullish signs
  • #661,056
  • May 29, 2022 11:29pm May 29, 2022 11:29pm
Quoting Whale
Short @ 1.2645 1.2555 is my initial target
All the best with your short i chickened out and closed my short
  • #661,057
  • May 29, 2022 11:43pm May 29, 2022 11:43pm
Quoting fxmasterdxb
{quote} All the best with your short i chickened out and closed my short
Thank you,
as long as price below 1.265, 1.2411 is reasonable target for bears, if it will be overstretch we can see even
1.227

after that bull can take the wheel.
  • #661,058
  • May 29, 2022 11:54pm May 29, 2022 11:54pm
Quoting Whale
{quote} Thank you, after that bull can take me, the whale.
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  • #661,059
  • May 29, 2022 11:57pm May 29, 2022 11:57pm
Quoting PatienceFx
{quote} {image}
120 pips sl?
  • #661,060
  • May 29, 2022 11:58pm May 29, 2022 11:58pm
Quoting Whale
{quote} 120 pips sl?
my actual SL is controlled by the EA, the sl on chart is for the broker

IT IS A TAKE THE TRADE AND FORGET ABOUT IT, SETUP
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