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Cable Update (GBPUSD)

  • #663,281
  • Jun 13, 2022 6:32am Jun 13, 2022 6:32am
Quoting TheWolf
Who will intervene first BoJ or BoE ahaha..
BOE
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 13 KB
  • #663,282
  • Jun 13, 2022 6:33am Jun 13, 2022 6:33am
Quoting Georginson
{quote} My November December 2022 target for GBPUSD is 1.3800. So the Bears can have their short lived Victory for now as I anticipated since the beginning of the month when they couldn't take out 1.2670 resistance.
My July prediction is 1.17-1.18
  • #663,283
  • Jun 13, 2022 6:35am Jun 13, 2022 6:35am
CADJPY SHORT
My telegram: https://t.me/avidforex
  • #663,284
  • Jun 13, 2022 6:43am Jun 13, 2022 6:43am
Quoting PatienceFx
{quote} BOE {image}
Agree, can’t see GU dropping too much below 120 so the 12180 around could be the turnaround point to move back towards 123
Insane in the Brain..
  • #663,285
  • Jun 13, 2022 6:43am Jun 13, 2022 6:43am
Hi Navin,
Btc ain't doing you justice too. Hope you are holding up strong
  • #663,286
  • Jun 13, 2022 6:53am Jun 13, 2022 6:53am
You got your LL medal
Cheers
  • #663,287
  • Jun 13, 2022 7:04am Jun 13, 2022 7:04am
2 year low at 2155. I think that's that's worst these bears can do today. They have left nothing for NY to do today apart from range/retrace.
  • #663,288
  • Jun 13, 2022 7:12am Jun 13, 2022 7:12am
Quoting Balitsefx
Buy {image}
Thought you wrote sell before
  • #663,289
  • Jun 13, 2022 7:15am Jun 13, 2022 7:15am
Double bottom confirmed now. Can we now begin ride back up please. 1.24, 1.26, 1.30
  • #663,290
  • Jun 13, 2022 7:17am Jun 13, 2022 7:17am
Quoting Georginson
{quote} 450 pips is the minimum expected range for this June, which means if 1.2616 holds, expect possible low of 1.2166 this June.
1.2166 minimum bearish target attained, 450 pips minimum range done... Lowest price for this year is most likely this June 2022, see you at 1.28 By July and 1.38 by November December...

Please no obligation to follow!
Data + Stat + Risk/Emotions Management
  • #663,291
  • Jun 13, 2022 7:22am Jun 13, 2022 7:22am
Quoting eyefeelsix
{quote} {quote} {quote} PC ON and the price broken 2300 --- cut-loss and take no action atm --- Waves updated {image}
long atm, -10p risk I take
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 11 KB
https://breakpullback.com
  • #663,292
  • Edited 7:54am Jun 13, 2022 7:23am | Edited 7:54am
Quoting Nd10
Double bottom confirmed now. Can we now begin ride back up please. 1.24, 1.26, 1.30
Hi, what has changed for you to believe that 1.30 is possible anytime soon?
---------------------------------------------------

Whilst most of us are technical traders, it does help to know the prevailing fundie environment and factors at play (the 'mood music' if you like) and then the individual scheduled event risks such as economic data releases and central bank stuff that can and do affect or alter the mood music. It's not technicals that move markets, it's the fundie stuff and technicals just show that on a chart. Friday's worse than expected U.s cpi added to the current mood, and so did today's worse than expected Uk data...both were triggers for big sell-offs. If anything the prevailing mood music has gotten more sullen. They are playing what they play at a state leader's funeral - it's all a durge, ..it's not uplifting disco/house at the moment.

Traders would do well to recognise this.
---------------------------------------------

Anyway, that prev 4hr/dly/wkly sw lo to 2155 hit @ the current dly lo - 2161, and some buyers there. This zone is coexistent with that prev dly/wkly/mthly sw lo zone = prev supp = pot supp down to 2074 and @ the current dly lo we are in the mthly part of it....(the pinbar on chart below is where that prev sw lo zone down to 2155 started on the wkly t/f and below.)

mthly below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
Trader with an Edge.
  • #663,293
  • Jun 13, 2022 7:29am Jun 13, 2022 7:29am
SHORT USDJPY
My telegram: https://t.me/avidforex
  • #663,294
  • Jun 13, 2022 7:29am Jun 13, 2022 7:29am
Quoting BigNumbers
SHORT USDJPY
Yes!!
  • #663,295
  • Jun 13, 2022 7:32am Jun 13, 2022 7:32am
If it remains bearish even after 16:00 I am short the entire WS session. (USD/JPY)
  • #663,296
  • Jun 13, 2022 7:32am Jun 13, 2022 7:32am
Quoting Headland
{quote} Hi, what has changed for you to believe that 1.30 is possible anytime soon? --------------------------------------------------- Whilst most of us are technical traders, it does help to know the prevailing fundie environment and factors at play (the 'mood music' if you like) and then the individual scheduled event risks such as economic data releases and central bank stuff that can and do affect or alter the mood music. It's not technicals that move markets, it's the fundie stuff and technicals just show that on a chart. Friday's worse than...
Hello Headland,
Thanks for your invaluable input as always. Well as you have stated, most of us are technical traders and as such rely mostly on the charts. We might as well have seen the low tested again and for this year irrespective of the fundies. That's for me though. I do not however insist that there couldn't be a new low. Now to the prices i highlighted, that is what I see. 1.3, i never said would be attained anytime soon. That's why I pointed out my prices of interest. Thanks
  • #663,297
  • Jun 13, 2022 7:32am Jun 13, 2022 7:32am
Quoting donfriday
{quote} people don't need how much u make they need ur knowledge how u made the $$ so they can learn anyone can post i made billions super easy
Yes you are right but telling anybody to buy or sell at a particular price won't help either. There is nothing special about my knowledge am not the smartest but one thing i have is enough screen time that i have accumulated for over a decade and i follow the money, i don't stand before the train, i follow the trend until it bends.

When i post like right now, is either the trader digest it, learn from it, improve upon it, become inspire or hates me, get discouraged but what ever he chooses to
do is up to that trader and am good with it.

Any Trader here who can't recognize trend( no matter the time frame) and go with the flow is not fit to manage a live account.

Any Trader here who trades Ranges when the market is trending or who trades the market like it is trending when is actually ranging should take a step backwards and think twice.

THE TRUTH IS SIMPLE, ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #663,298
  • Jun 13, 2022 7:33am Jun 13, 2022 7:33am
Quoting eyefeelsix
{quote} long atm, -10p risk I take {image}
BEP, target 100 to 150p --- 1:15R
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 11 KB
https://breakpullback.com
  • #663,299
  • Jun 13, 2022 7:46am Jun 13, 2022 7:46am
Gbpusd tp 1.22500
  • #663,300
  • Jun 13, 2022 7:56am Jun 13, 2022 7:56am
Quoting martinez1
{quote} Yes you are right but telling anybody to buy or sell at a particular price won't help either. There is nothing special about my knowledge am not the smartest but one thing i have is enough screen time that i have accumulated for over a decade and i follow the money, i don't stand before the train, i follow the trend until it bends. When i post like right now, is either the trader digest it, learn from it, improve upon it, become inspire or hates me, get discouraged but what ever he chooses to do is up to that trader and am good with it....


the trend have been bearish since last year but guess we retrace 500pips in may



the trend only determined on the TF you watch. i can pick a trend of 1 min chart

a trend is a movement or journey, you may plan a long journey while others plan 1hr journey ..you need risk management more than a trend to survive
MY OPINION NOT FINANCIAL ADVISE
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