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Cable Update (GBPUSD)

  • #663,001
  • Jun 10, 2022 9:08am Jun 10, 2022 9:08am
Quoting samsha786
{quote} Targeting TP @ 1.23400 - let's see!
I think we can touch 1220 or below. But I'll out all shorts before end of week
  • #663,002
  • Jun 10, 2022 9:10am Jun 10, 2022 9:10am
This is the times that traders start numbers droping.
  • #663,003
  • Jun 10, 2022 9:11am Jun 10, 2022 9:11am
Quoting navk
{quote} ok. but why 2340 ?
I also have that target, In a line graph it shows a lot of demand. Years 2017 and 2020. It might be a good turning point also because it reached Fib 61,80%. I took 80 pips and left honestly so I was out already but is good to see its reaching the target.
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  • #663,004
  • Jun 10, 2022 9:11am Jun 10, 2022 9:11am
Quoting navk
{quote} ok. but why 2340 ?
Using 17 May 2022 LOW (08:00 AM gmt+3) as a reference. I see that as a level of support. Price touched there again on the 18 May before bouncing up.
  • #663,005
  • Jun 10, 2022 9:14am Jun 10, 2022 9:14am
??
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Trader with an Edge.
  • #663,006
  • Jun 10, 2022 9:14am Jun 10, 2022 9:14am
Quoting Blazed
{quote} I also have that target, In a line graph it shows a lot of demand. Years 2017 and 2020. It might be a good turning point also because it reached Fib 61,80%. I took 80 pips and left honestly so I was out already but is good to see its reaching the target. {image} {image} {image}
Bravo.
  • #663,007
  • Jun 10, 2022 9:14am Jun 10, 2022 9:14am
Quoting BeeTogether
{quote} now that would be a good area to get to! So maybe by the end of the year?
I can not say for sure that this year the price will be 1.33. I am a patient person and I even have targets for some of my longs for the prices of 1.4 & above . I have different accounts with different Targets - of course, this side of the area has another demand in the range of 1.20-1.195. This area is a small effort for me to long term. Of course, if I get confirmation in daily & 4H and the pattern is not damaged
There is nothing wrong with being kind & loving to each other
  • #663,008
  • Jun 10, 2022 9:15am Jun 10, 2022 9:15am
Quoting samsha786
{quote} Using 17 May 2022 LOW (08:00 AM gmt+3) as a reference. I see that as a level of support. Price touched there again on the 18 May before bouncing up.
if it does not bounce there and oscilates within 20 pips....it is good for buyers on Monday
Intraday only.
  • #663,009
  • Jun 10, 2022 9:15am Jun 10, 2022 9:15am
My chart from this morning.. but this range is 100 pips.
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  • #663,010
  • Jun 10, 2022 9:15am Jun 10, 2022 9:15am
Quoting eyefeelsix
{quote} profits taking right on the liquidity zone {image}
Quoting eyefeelsix
it seems the bear is still hungry to take all liquidity from the buyers, careful it's friday
the future is now..
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https://breakpullback.com
  • #663,011
  • Jun 10, 2022 9:20am Jun 10, 2022 9:20am
Quoting eyefeelsix
{quote} {quote} the future is now.. {image}
Ready to 1.27-1.28?
or 1.243 and than another leg down to 1.226
  • #663,012
  • Jun 10, 2022 9:27am Jun 10, 2022 9:27am
Quoting Whale
{quote} Ready to 1.27-1.28? or 1.243 and than another leg down to 1.226
I don't know.. there are still two unfinished waves, of course 4 north and 5 for more down to south

I haven't seen the invalidation level for the bear, third wave is crazy
https://breakpullback.com
  • #663,013
  • Jun 10, 2022 9:29am Jun 10, 2022 9:29am
The market finally gave direction after all that indecision.
  • #663,014
  • Jun 10, 2022 9:30am Jun 10, 2022 9:30am
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Price at buy line.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #663,015
  • Jun 10, 2022 9:30am Jun 10, 2022 9:30am
Quoting samsha786
{quote} Using 17 May 2022 LOW (08:00 AM gmt+3) as a reference. I see that as a level of support. Price touched there again on the 18 May before bouncing up.
  • #663,016
  • Jun 10, 2022 9:32am Jun 10, 2022 9:32am
Quoting eyefeelsix
{quote} I don't know.. there are still two unfinished waves, of course 4 north and 5 for more down to south I haven't seen the invalidation level for the bear, third wave is crazy
Not so crazy.. fe 200 regarding my count
  • #663,017
  • Jun 10, 2022 9:32am Jun 10, 2022 9:32am
Quoting Whale
{quote} Ready to 1.27-1.28? or 1.243 and than another leg down to 1.226
At this rate I’d be happy to see 124
Insane in the Brain..
  • #663,018
  • Jun 10, 2022 9:35am Jun 10, 2022 9:35am
Quoting Whale
{quote} Not so crazy.. fe 200 regarding my count
it's just beginning, we haven't seen a few swings in between
https://breakpullback.com
  • #663,019
  • Jun 10, 2022 9:37am Jun 10, 2022 9:37am
Gold nice drop and reverse
People don't plan to lose. They lose because they don't plan.
  • #663,020
  • Jun 10, 2022 9:37am Jun 10, 2022 9:37am
....into the 1hr and 4hr part of the prev 1hr/4hr/dly sw lo zone that extends down to 2329 at the current dly lo...144% 30day adr / 119% 13wk awr travelled so far this day/week on last trading day of week. O/S to 15min - 4hr now but that's what a downtrend is - o/s. Probably touched wkly S2 on some charting @ that current dly lo?
It was game over for the bulls after that U.s Cpi data.
Trader with an Edge.
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