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Cable Update (GBPUSD)

  • #661,921
  • Jun 3, 2022 7:36pm Jun 3, 2022 7:36pm
Looks like GU is going to test the bottom of the trend channel I have been educating about all week. Will it break or hold??? Thus is the question. Stochastics are still heading dooooooown!!!
  • #661,922
  • Edited Jun 4, 2022 8:03am Jun 3, 2022 9:38pm | Edited Jun 4, 2022 8:03am
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  • #661,923
  • Jun 4, 2022 2:19am Jun 4, 2022 2:19am
Quoting donfriday
I want to see RSI at 75-80 value then sellers may start communicating for now all I see is first 1.28 {image}
something like what you are describing is on my map.
Not sure about 1.235 as max low.
Attached Image (click to enlarge)
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  • #661,924
  • Jun 4, 2022 4:52am Jun 4, 2022 4:52am
Get ready for the Great Depression 2.0
Attached Image (click to enlarge)
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Everyone can see the chart, but only a few can actually read it.
  • #661,925
  • Jun 4, 2022 5:43am Jun 4, 2022 5:43am
The world is currently at the beginning of a hyper inflationary recession.
  • #661,926
  • Jun 4, 2022 5:56am Jun 4, 2022 5:56am
Gbpusd currently is in a downwards trend. However is quickly approaching two levels of support which will determine it direction up or down. Levels of significance can be observed on Pats, Coregs, Scalafx and Fontus graph. Enjoy your weekend
  • #661,927
  • Jun 4, 2022 6:04am Jun 4, 2022 6:04am
GU BUY NOW.

TP = 1.25800
Attached Image (click to enlarge)
Click to Enlarge Name: GU BUY.jpg Size: 186 KB
  • #661,928
  • Edited 9:27am Jun 4, 2022 9:00am | Edited 9:27am
Quoting Whale
{quote} something like what you are describing is on my map. Not sure about 1.235 as max low. {image}


i like to use ABC for correction

i do not see the price coming 1.20 in June, that maybe a trend for 3rd quarter to give us 2022 low. i know u dont like to hear quarters

i am not a pro but so i just design what i see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bandicam 2022-06-04 13-57-49-064.jpg Size: 138 KB
Click to Enlarge Name: bandicam 2022-06-04 14-26-56-248.jpg Size: 31 KB
MY OPINION NOT FINANCIAL ADVISE
  • #661,929
  • Jun 4, 2022 9:19am Jun 4, 2022 9:19am
Well Well Well, Unless the market has other plans and i expect it probably will, a decision lies on 1.2340
I am strongly convinced that price means alot to GBPUSD. This is the only pair i trade, no other. She can be petty and a bit misleading but she leaves hints and atm, she is saying 1.2340 is a sight to keep in mind.

Keep enjoying your weekend, great people !
Time is everything; Everything.
  • #661,930
  • Jun 4, 2022 10:44am Jun 4, 2022 10:44am
Looking for breach of trend channel maybe early next week.
  • #661,931
  • Jun 4, 2022 10:47am Jun 4, 2022 10:47am
Quoting donfriday
{quote} i like to use ABC for correction i do not see the price coming 1.20 in June, that maybe a trend for 3rd quarter to give us 2022 low. i know u dont like to hear quarters i am not a pro but so i just design what i see. {image} {image}
I believe your correct. Really appreciate your insights. I see June and July hitting new highs, maybe 1.300 in August and then at least a 1200 pip drop for new yearly lows.
  • #661,932
  • Jun 4, 2022 10:51am Jun 4, 2022 10:51am
gbpjpy put in a nice evening star formation...take a look at that one too!!!
  • #661,933
  • Jun 4, 2022 11:08am Jun 4, 2022 11:08am
Quoting gjgriff
{quote} I believe your correct. Really appreciate your insights. I see June and July hitting new highs, maybe 1.300 in August and then at least a 1200 pip drop for new yearly lows.
gjgriff, you dont need to predict , just observe the obvious!!!!
  • #661,934
  • Jun 4, 2022 2:35pm Jun 4, 2022 2:35pm
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.
  • #661,935
  • Jun 4, 2022 2:36pm Jun 4, 2022 2:36pm
Quoting genadi
{quote}
Genadi you dont need to read info, just follow the charts. Observe the obvious!!!
  • #661,936
  • Jun 4, 2022 2:54pm Jun 4, 2022 2:54pm
For the followers of harmonic patterns. Have fun.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 06.03 4H.png Size: 84 KB
Always trade your own plan...I don't provide trading signals.
  • #661,937
  • Jun 4, 2022 4:46pm Jun 4, 2022 4:46pm
Quoting Coreg2004
For the followers of harmonic patterns. Have fun. {image}
WTF
  • #661,938
  • Jun 4, 2022 7:37pm Jun 4, 2022 7:37pm
Quoting Coreg2004
For the followers of harmonic patterns. Have fun. {image}
Gonna have to explain this one to my chief when you get s minute much obliged.

Will post my outlook tomorrow
  • #661,939
  • Edited 9:22pm Jun 4, 2022 9:03pm | Edited 9:22pm
Quoting Coreg2004
For the followers of harmonic patterns. Have fun. {image}
Saw that and definately knew Juan is your Budd too.
I should learn those just to brag about, looks super classy!


To add to my Bullish insight
Just reviewed my charts; there is a possibility of touching 1.2450 before my predicted 1.2700 near term target. If this breaks on HTF[4H], the drop to 1.2370 is inevitable!
Face 'ur fears & tame 'ur greed
  • #661,940
  • Jun 4, 2022 11:33pm Jun 4, 2022 11:33pm
Quoting Coreg2004
For the followers of harmonic patterns. Have fun. {image}
Hard worker @coreg2004
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