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Cable Update (GBPUSD)

  • #661,581
  • Jun 1, 2022 4:38pm Jun 1, 2022 4:38pm
Quoting Nd10
Is 1.30 a fluke?


I wouldn't write it off yet. We keep observing
Time is everything; Everything.
  • #661,582
  • Jun 1, 2022 4:40pm Jun 1, 2022 4:40pm
Quoting MR.P
{quote} Very true. been expecting that the news target since we created the high on the 23rd may. this drop simply furthers bearish intentions. Good luck to you too. Observe, we shall !

Yes, Mr. P...Observe the obvious. Good luck to you.
  • #661,583
  • Jun 1, 2022 5:05pm Jun 1, 2022 5:05pm
Quoting Nordling
Opened some little longs. Will add more if it goes lower. {image}
Good eyes
  • #661,584
  • Jun 1, 2022 6:23pm Jun 1, 2022 6:23pm
Nice shorting yesterday.
Expecting buy opportunity to be showing up today.
Keeping an eye on retest of yesterday's low.
  • #661,585
  • Edited 6:54pm Jun 1, 2022 6:40pm | Edited 6:54pm
... longer-term fibs seem to be in a play quite a lot lately. we had the 23.6% 4249-2198 with 50% 3147-2198 @ the recent 2666 hi - which so far at least [with y/day's and today's moves down] is looking more like a pullback hi off the 2198 lo in the wkly/mthly downtrends. Then, yesterday's dly lo came @ 61.8% of the 2329-2666 move up. Maybe it's that or maybe it's because the more you have on a chart (s) the greater the chance one will get hit lol! I never have fully decided! Anyways, speaking of fibs the 50% of that recent 2198-2666 rally is @ 2410. (Actually the answer to the conundrum is confluence.)

Off now for Jubilee Bank Hols Thurs/Fri here in Uk, but may pop in from time to time...If not will be back next week.

1hr below
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Trader with an Edge.
  • #661,586
  • Jun 1, 2022 7:31pm Jun 1, 2022 7:31pm
Quoting Nordling
Opened some little longs. Will add more if it goes lower. {image}


My view for now is 1.2410-20 lowest tonight, from tomorrow trade might reverse. Dollar index is likely to drop.

I'm still in selling mode, but not for long after reading some info.
  • #661,587
  • Jun 1, 2022 10:17pm Jun 1, 2022 10:17pm
Quoting kris89
remember the pattern , stair - broken - another stair and down {image}
and the fall is doer .
ive my concern on 1.23700 level till 1.24000 a good area demand for bull if bull wanna do it
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #661,588
  • Jun 1, 2022 10:29pm Jun 1, 2022 10:29pm
Quoting kris89
{quote} and the fall is doer . ive my concern on 1.23700 level till 1.24000 a good area demand for bull if bull wanna do it
Not yet, this OB(grey) needs to break before i coincide with you.
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Face 'ur fears & tame 'ur greed
  • #661,589
  • Jun 1, 2022 10:43pm Jun 1, 2022 10:43pm
indecision at these levels but its quite oversold.
  • #661,590
  • Jun 1, 2022 10:48pm Jun 1, 2022 10:48pm
Pa now, correct over 2501 to 2510 to 37, while limit up 2559, limited possible to next target just below 2437. Anyway pa looks in corrective wave b to and below 1.2328 to restart bull. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #661,591
  • Jun 1, 2022 10:55pm Jun 1, 2022 10:55pm
Quoting Pat Chiko
{quote} Don't worry too much on the term :"gap" or "Kink". You're looking for place to short ?. We work it out tomorrow. Let tonight candle play first by Tokyo, we may find possible place to short again. Need H4 and H1/orM30 to figure that out.
GU

LTF N3
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HTF Target
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #661,592
  • Jun 1, 2022 11:07pm Jun 1, 2022 11:07pm
Quoting Jolita
{quote} My view for now is 1.2410-20 lowest tonight, from tomorrow trade might reverse. Dollar index is likely to drop. I'm still in selling mode, but not for long after reading some info.
Good analysis I just switched to long yesterday. I was in selling mode for 2 months before that. Yesterday's movement felt like a good chance to TP so i took it, but there's still a room for going down i hope it goes 100-200 pip lower so i can add more positions.
You have to have an IQ higher than 90 to interact with this user.
  • #661,593
  • Jun 1, 2022 11:11pm Jun 1, 2022 11:11pm
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yes yes yes
  • #661,594
  • Jun 2, 2022 12:36am Jun 2, 2022 12:36am
there is 3 level i watch on these sell
1.24000
1.23700
1.22700
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #661,595
  • Jun 2, 2022 12:56am Jun 2, 2022 12:56am
Kiss maybe
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People don't plan to lose. They lose because they don't plan.
  • #661,596
  • Jun 2, 2022 1:23am Jun 2, 2022 1:23am
Quoting ScalaFX
Kiss maybe {image}
Current 4h above 1.2499 and probably a lot of kisses both ways.
its seems like we are going for ranging bound 1.246 to 1.26 before the break down.
Soon to confirm it.
  • #661,597
  • Jun 2, 2022 1:37am Jun 2, 2022 1:37am
they are starting to move gu up now....very powerful signal...have to see how the bar closes and see if it gets above the tline!!!!
  • #661,598
  • Jun 2, 2022 1:43am Jun 2, 2022 1:43am
Quoting Wavegarrick
{quote} Bulls are not done just yet Folks. Take care. {image}
Hi Guys,
Unfortunately the scale is tilting to the downside, having said we have only retraced 38.2% of the May swing low to high at 1.24704 and they could drop it even further to the 50% Fib retrace at 1.24100 before taking it up. We just never know and I don't have all the answers. I got in with a sell trade on the drop and now in with a buy trade for a test of my daily pivot at 1.25186 where I could look to add sell trades. A break above my weekly pivot at 1.25873 should put bulls back into contention.
Trade Safe,
Cheers
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Trade to trade another day
  • #661,599
  • Jun 2, 2022 1:44am Jun 2, 2022 1:44am
accumulation longs closed and waing see how reacts over 2506 , limit down 2560 though, tl 2531 and may wait failure for target just below 2437 next . can do test short at any high though but waiting minimum signal . eu correct just at or over 0677 may hints ! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #661,600
  • Jun 2, 2022 1:49am Jun 2, 2022 1:49am
Quoting JereMi256
{quote} Not yet, this OB(grey) needs to break before i coincide with you. {image}
TP1 @1.2527
Face 'ur fears & tame 'ur greed
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