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Cable Update (GBPUSD)

  • #662,621
  • Jun 9, 2022 1:17am Jun 9, 2022 1:17am
My eyes are fixed on Zone (1.24080 and 1.23296)
This zone must be tested followed by a series of price action for a couple of days.
My telegram: https://t.me/avidforex
  • #662,622
  • Jun 9, 2022 1:18am Jun 9, 2022 1:18am
Quoting BigNumbers
I expect price to keep going down. 1.25050 didn’t hold. Taken Partials though!

WHY is that. ?.

ECB in a bit.

Liquidity has been taken on bull side.

Price may want to RT the 1.2550 level again and start taking all liquidity reside over there.

Let me hear your reasoning.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #662,623
  • Jun 9, 2022 1:33am Jun 9, 2022 1:33am
Quoting Pat Chiko
{quote} WHY is that. ?. ECB in a bit. Liquidity has been taken on bull side. Price may want to RT the 1.2550 level again and start taking all liquidity reside over there. Let me hear your reasoning.
As you know Pat a lot of traders here trade what they think should/will happen or expect to happen. Tech analysis is not predictive, it tells us what happened in the past, and certain patterns repeat. Either that or they believe they have the power of prediction, or more charitably, have a good overall reading of the fundie situation and are expressing the result of their edge in that respect based on probabilities, never certainty. Either way, what they don't understand or accept is that it is futile to expect/think what will happen next over whatever time period, and wholly unnecessary to know in order to make money from trading. It is purely a game of repeating patterns of market behavior expressed graphically on a time -vs- price chart or fundamentally derived, and the probability that this may point to, whether or not on that occasion the greater probability (based on what has happened in the past) plays out for a win, or not - for a loss. It always amazes me how many traders don't understand or accept this truth. (I'm not necessarily referring to BigNumbers.)
Trader with an Edge.
  • #662,624
  • Jun 9, 2022 1:47am Jun 9, 2022 1:47am
Quoting Mitiblotch
I may not trade the ECB today. I think I have a better trade: see my thought process for a short in Geppy (GBPJPY): {image} {image}
This mad boy fell 130 pips from my entry but I missed TP and I am so pissed. Well closed now with over 50 pips profit. Will await retest and short again.
Attached Image (click to enlarge)
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  • #662,625
  • Jun 9, 2022 1:55am Jun 9, 2022 1:55am
...strong bounce @ that 61.8% ...fib clusters all the way up if that's the way price goes.

1hr below
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Trader with an Edge.
  • #662,626
  • Jun 9, 2022 1:59am Jun 9, 2022 1:59am
well, I see the conversation here.

If I am right, the price should break daily pivot and retest 2600 level.

Tomorrow is the big day for USD pairs.
Intraday only.
  • #662,627
  • Jun 9, 2022 1:59am Jun 9, 2022 1:59am
My thoughts are that Gbpusd trend will be upwards
  • #662,628
  • Jun 9, 2022 2:05am Jun 9, 2022 2:05am
My long trades are placed below 2500.
Now my trailing stop is 2500.
Intraday only.
  • #662,629
  • Jun 9, 2022 2:08am Jun 9, 2022 2:08am
... there is an old saying in trading...' don't worry about what the market will do, you can't know in advance, worry about what you will do when the market does it. '
Trader with an Edge.
  • #662,630
  • Jun 9, 2022 2:08am Jun 9, 2022 2:08am
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #662,631
  • Jun 9, 2022 2:15am Jun 9, 2022 2:15am
Quoting eyefeelsix
level to watch {image}
short atm -13p risk --- today 1:6R is possible
Attached Image (click to enlarge)
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https://breakpullback.com
  • #662,632
  • Jun 9, 2022 2:38am Jun 9, 2022 2:38am
Break it up mf !!!
Attached Image (click to enlarge)
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yes yes yes
  • #662,633
  • Edited 3:05am Jun 9, 2022 2:41am | Edited 3:05am
Considering ADR, if price breaks 2490, then easily 2430.
Alternatively 2550 breaks, then 2600
Intraday only.
  • #662,634
  • Jun 9, 2022 2:51am Jun 9, 2022 2:51am
Quoting navk
Considering ADR, if price breaks 2490, then easily 2430. Alternatively 2450 breaks, then 2600
2550
People don't plan to lose. They lose because they don't plan.
  • #662,635
  • Jun 9, 2022 2:55am Jun 9, 2022 2:55am
Quoting ScalaFX
{quote} 2550
same target
carefuly stop @2512
  • #662,636
  • Jun 9, 2022 3:06am Jun 9, 2022 3:06am
Quoting ScalaFX
{quote} 2550
Yes. Done
Intraday only.
  • #662,637
  • Jun 9, 2022 3:07am Jun 9, 2022 3:07am
Wasting of time to guess the price target in current consolidation zone on 4h
just wait for break and retest or scalp inside it.
Guessing seems to be pointless
Attached Image (click to enlarge)
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  • #662,638
  • Jun 9, 2022 3:08am Jun 9, 2022 3:08am
GE good buy at 11600 as support approaching.

Key expectations explained-
https://www.poundsterlinglive.com/eu...-the-ecb-today

Good luck catching those waves
  • #662,639
  • Jun 9, 2022 3:08am Jun 9, 2022 3:08am
The last 3 wicks of the hourly candles on the hour chart will determine direction up or down
  • #662,640
  • Jun 9, 2022 3:18am Jun 9, 2022 3:18am
Quoting Whale
Wasting of time to guess the price target in current consolidation zone on 4h just wait for break and retest or scalp inside it. Guessing seems to be pointless {image}
Looking at the chart, the majority will say it will break upwards. Hence, I guess it will break down. Let's see...
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
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