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Cable Update (GBPUSD)

  • #665,641
  • Jun 25, 2022 1:56am Jun 25, 2022 1:56am
At least an pullback in the MA200-Daily.

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Vantage Return This Month: na
  • #665,642
  • Jun 25, 2022 3:09am Jun 25, 2022 3:09am
My View: 4H Chart
Downtrend but ranging between 23.6% and 50.0% Fibonacci level.
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Intraday Trading is an Art _ hoda
  • #665,643
  • Jun 25, 2022 7:32am Jun 25, 2022 7:32am
Quoting OnlineAddict
Everyone seems to be waiting for a pullback to buy...it might not come...2250 was already a nice area for a bounce and the daily close implies bullish continuation once market opens. Might be wrong, but I think we are headed towards 2400 and above. End of the month flow coming, too...
I doubt that.
2320 proved to be HH in 30 min chart.

I want to see LH for price to go down in 30 min chart.

I see a LH on 4hr chart already.

4hr and 30 min chart attached.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: True Propietary Funds MT4 Terminal 30 min chart.png Size: 54 KB
Intraday only.
  • #665,644
  • Jun 25, 2022 8:29am Jun 25, 2022 8:29am
Quoting navk
{quote} I doubt that. 2320 proved to be HH in 30 min chart.
Yes, but this is GU...when its ranging, it can be in a tight range...and then when it decides on a direction, S or R numbers will become meaningless, because it will go hundreds of pips without breaks...and looking at the chart, 500+ pips are more likely to the upside. It can easily spike towards 1.30 and above, too. That nasty break of 1.20 was most likely a big boy bear trap and if true, they will want to make 1000 pips, at least.
Everyone can see the chart, but only a few can actually read it.
  • #665,645
  • Edited 9:11am Jun 25, 2022 8:47am | Edited 9:11am
Quoting Moty
{image}
You can change the levels of fibo and you have the same size for all levels. Test it.

Delete all levels and after create new levels with the values negative and positive;

And if you want to see the price, just need to add %$ in the description


Levels | Description
-5
-4.5
-4
-3.5
-3
-2.5
-2
-1.5
-1
-0.5
0.0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5

Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: na
  • #665,646
  • Jun 25, 2022 8:57am Jun 25, 2022 8:57am
Quoting OnlineAddict
{quote} Yes, but this is GU...when its ranging, it can be in a tight range...and then when it decides on a direction, S or R numbers will become meaningless, because it will go hundreds of pips without breaks...and looking at the chart, 500+ pips are more likely to the upside. It can easily spike towards 1.30 and above, too. That nasty break of 1.20 was most likely a big boy bear trap and if true, they will want to make 1000 pips, at least.
Though, hourly is bearish, 2250 level has been very important. 2250 TO 2238 long area may be.

This is where my GAnn 4hr changed to long.

Yes, may be.

1.2234 is S1.

1.2314 is R1

1.2357 is R2
Intraday only.
  • #665,647
  • Edited 9:26am Jun 25, 2022 9:13am | Edited 9:26am
Quoting navk
{quote} I doubt that. 2320 proved to be HH in 30 min chart. I want to see LH for price to go down in 30 min chart. I see a LH on 4hr chart already. 4hr and 30 min chart attached. {image} {image}
Good sight Navk, 1.2340 - 1.2375 area needs to break for bulls to take control again. Failure to break those levels carry a possibility of crash back to 1.1980 - 1.2040 area. Though I see a scenario of this month closing between 1.2130 - 1.2210 area, which means still bearish until the levels above break convincingly.
Data + Stat + Risk/Emotions Management
  • #665,648
  • Jun 25, 2022 9:14am Jun 25, 2022 9:14am
Quoting navk
{quote} Though, hourly is bearish, 2250 level has been very important. 2250 TO 2238 long area may be. This is where my GAnn 4hr changed to long. Yes, may be. 1.2234 is S1. 1.2314 is R1 1.2357 is R2
Sunday Asia will give us a clue...when they spike it up before London, we will see how high...and then London would surely take it back down and we would see where they would stop, if around 2250 again or lower. Monday will be important.
Everyone can see the chart, but only a few can actually read it.
  • #665,649
  • Jun 25, 2022 9:31am Jun 25, 2022 9:31am
Quoting OnlineAddict
{quote} Sunday Asia will give us a clue...when they spike it up before London, we will see how high...and then London would surely take it back down and we would see where they would stop, if around 2250 again or lower. Monday will be important.
I see the price may rise close to 2290.

Then a drop, this what i am looking
Intraday only.
  • #665,650
  • Jun 25, 2022 9:50am Jun 25, 2022 9:50am
Quoting navk
{quote} I see the price may rise close to 2290. Then a drop, this what i am looking
Its at 2270 now +-...20 pips seem like nothing for GU during all Asia on monday...I would't be surprised if I woke up to 2330-50 before London opens.
Everyone can see the chart, but only a few can actually read it.
  • #665,651
  • Jun 25, 2022 9:56am Jun 25, 2022 9:56am
Quoting OnlineAddict
{quote} Its at 2270 now +-...20 pips seem like nothing for GU during all Asia on monday...I would't be surprised if I woke up to 2330-50 before London opens.
I would be, but thats just me.
You can reach me on Telegram @ KramerFx
  • #665,652
  • Edited 11:14am Jun 25, 2022 10:45am | Edited 11:14am
still the same , no decided yet if wave 5th ended with abc down at 1933 and as wave though seems impulse down having limit up 1.2429 and may 4th to down agan 5th last , but should not . so may end 1933 and 2429 at risk breaking or again abc down 1.1600 real target waiting ok. lets see how play
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #665,653
  • Edited 12:38pm Jun 25, 2022 12:10pm | Edited 12:38pm
GU

INSIDE BAR (HARAMI 孕はらみ Japanese)

There are two types:
►Inside body & outside wicks
►Inside body & inside wicks


What we have now is :-
Both, the body & the wick of the candle close inside of the previous candle between the High & Low
- Stronger of the two.
Attached Image (click to enlarge)
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Why is it so powerful?
Inside Bar is nothing much different than a compression range on a higher timeframe.

If you zoom in you gonna see a nice long consolidation taking place
The inside bar helps us to establish where the range is broken.
Attached Image (click to enlarge)
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And just like with any consolidation, when it finally breaks, expansion is next, usually followed by a violent break
The inside bar can help us see when the range is coming to the end and a new trend is about to get established early on.


Next......../ How to use it
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #665,654
  • Edited 2:26pm Jun 25, 2022 12:21pm | Edited 2:26pm
Quoting Pat Chiko
GU INSIDE BAR.
Cont/-

GU

How to use it?

The best application is when you align it with strong Resistance, then try to spot the inside bar.
Once it's established you can either

1) Aggressive - Put a sell once Inside Bars forms
2) Conservative - Sell on a confirmed break out of the Inside Bar Low

Attached Image (click to enlarge)
Click to Enlarge Name: gu 041.jpg Size: 212 KB

The other way is in an already established trend.

Price runs big but needs to pause for a few days or weeks to then continue its run.

We call this "Re-accumulation"
A great place to sell or add to your already existing position.


Next........./ Fakeouts.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #665,655
  • Jun 25, 2022 12:33pm Jun 25, 2022 12:33pm
Quoting Pat Chiko
{quote} Cont/- GU How to use it? The best application is when you align it with strong Resistance, then try to spot the inside bar. Once it's established you can either 1) Aggressive - Put a buy once Inside Bars forms 2) Conservative - Buy on a confirmed break out of the Inside Bar High {image} The other way is in an already established trend. Price runs big but needs to pause for a few days or weeks to then continue its run. We call this "Re-accumulation" A great place to sell or add to your already existing position. Next........./ Fakeouts.
Cont/-

GU

Fakeouts?

Sometimes, when we spot the Inside Bar we can see price breaks on the opposite side which many could see as a bearish break but i's important to remember we are at HTF Resistance.

This is where we must wait for the candle to close to indicate the true intentions.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 043.jpg Size: 240 KB

In this case, we may see the move above going to be a clear manipulation and the candle proceeded to break the Inside Bar Lower later.

If this fake out moves successful it going to establish a new strong down trend.


In the end, I would like to add that as with everything this is not a holy grail but another great real-time tool to use to spot the future markets moves and add to your probabilities.

If you have found this post valuable please share it with your friends.

Peace

PAT Chiko
Koala Lumpur
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #665,656
  • Jun 25, 2022 2:32pm Jun 25, 2022 2:32pm
Quoting Pat Chiko
{quote} Cont/- GU Fakeouts? Sometimes, when we spot the Inside Bar we can see price breaks on the opposite side which many could see as a bearish break but i's important to remember we are at HTF Resistance. This is where we must wait for the candle to close to indicate the true intentions. {image} In this case, we may see the move above going to be a clear manipulation and the candle proceeded to break the Inside Bar Lower later. If this fake out moves successful it going to establish a new strong down trend. In the end, I would like to add that...
IMO, Cable is definitely heading down. 1.21 will be on the cards next week.
You can reach me on Telegram @ KramerFx
  • #665,657
  • Jun 25, 2022 5:31pm Jun 25, 2022 5:31pm
Monthly reacting to a decent support zone.
Weekly pattern in play.
Daily is showing the Bulls are mounting a fight, with a hunchback Schnauzer pattern
Attached Image(s) (click to enlarge)
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Compulsions can be hard to resist
  • #665,658
  • Jun 25, 2022 8:04pm Jun 25, 2022 8:04pm
Quoting palpite
At least an pullback in the MA200-Daily. {image}
Thats what I also believe if my H&S come true hopefully it will pull to 1.30 - 32 and continue down of course. I doubt GBP will rise higher than that, but who knows... I sit on the sidelines and wait for the prey.
  • #665,659
  • Jun 25, 2022 8:28pm Jun 25, 2022 8:28pm
Quoting OnlineAddict
{quote} Its at 2270 now +-...20 pips seem like nothing for GU during all Asia on monday...I would't be surprised if I woke up to 2330-50 before London opens.
unlikely to break 2290/2300 for me.

However, anything can happen.

For long, I wish to trade breakout on Monday.

Until break out, I will search for shorts.

On the down side, break of 2250 paves way for S1 or 2200 to me.
Intraday only.
  • #665,660
  • Jun 25, 2022 9:40pm Jun 25, 2022 9:40pm
We saw buyers appeared in number 1 and when it rallied we saw a manipulation where it ranged , and then in number 2 we saw a volatile explosion and strong sellers showed up. Once we got to the weekly demand zone, strong buyers stepped in and tested the fork's center line by an inside bar, as mentioned earlier. We should see a fakeout before price finally rallies to the fork's center line once agian. The fakeout will take out the traders in the range who are taking positions and the we should see the market makers driving the market to their desired target. Keep in mind fundamentals, DXY is to melt soon.
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