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Cable Update (GBPUSD)

  • #666,861
  • Jul 1, 2022 2:15pm Jul 1, 2022 2:15pm
Using next week for GU to climb up, looking for new SBR such as 12170 and 12240 might take some profit along the way
Insane in the Brain..
  • #666,862
  • Jul 1, 2022 2:45pm Jul 1, 2022 2:45pm
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we were a couple of pips out on our 161 fib but it’s working well for now . Just bringing up the pp till just before close . So we don’t get spiked out . Same as gold
  • #666,863
  • Jul 1, 2022 2:48pm Jul 1, 2022 2:48pm
Quoting elbert3
{image} we were a couple of pips out on our 161 fib but it’s working well for now . Just bringing up the pp till just before close . So we don’t get spiked out . Same as gold
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mmmm
  • #666,864
  • Jul 1, 2022 3:02pm Jul 1, 2022 3:02pm
April close above 1.25
May close above 1.25
June close below
July first target 1.25


My overall view Q3 bullish
MY OPINION NOT FINANCIAL ADVISE
  • #666,865
  • Jul 1, 2022 3:39pm Jul 1, 2022 3:39pm
now i see what they were planning
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classic pull back from weekly and daily s3 to weekly and daily s2
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yes yes yes
  • #666,866
  • Jul 1, 2022 11:25pm Jul 1, 2022 11:25pm
Quoting Marcieny
{quote} Waiting for the week to close... it looks more like a recession in the dollar.... never forget to wait for the stop loss hunt. the weakness of one currency strengthens another.
I would suggest you wait for July close.

Intraday only.
  • #666,867
  • Edited 3:01am Jul 2, 2022 2:40am | Edited 3:01am
no bear continuation yet , weekly closed lows , have bear pressure intact but still on intermediate support to have some correction possible . 2360/90+ ok before tanking . take care
checking usdx , need more correct to up , so 1 to 2 wks range down / sideways possible .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #666,868
  • Jul 2, 2022 4:17am Jul 2, 2022 4:17am
Short all JPY pairs... only USDJPY has not been clearly be broken but it will be broken as soon as Asian session opens on Monday.
My telegram: https://t.me/avidforex
  • #666,869
  • Jul 2, 2022 4:20am Jul 2, 2022 4:20am
Quoting BigNumbers
Short all JPY pairs... only USDJPY has not been clearly be broken but it will be broken as soon as Asian session opens on Monday.
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My telegram: https://t.me/avidforex
  • #666,870
  • Jul 2, 2022 9:03am Jul 2, 2022 9:03am
Big day on Friday with a 202pip move down followed by a strong 132pip bounce back up (at the current pullback hi of that move.) A > 30day adr day and > 13wk awr week.

* June's Mthly candle closed as a bearish-bodied hammer-type candle bearishly engulfing the previous pinbar close, with the lo - the current yrly lo (1933) being at the start of the wide prev sw lo zone on that t/f down to 1410. The t/f remains in a general downtrend. The prev sw lo that started at 2074 and is now potential sbr is the 1st potential upside obstacle on this t/f
* The Wkly candle closes as a bearish-bodied candle with it's lo in the prev sw lo zone on this t/f that extends down to 1933. The t/f remains in a general downtrend with 7 consecutive LH's , the last being @ 2666 and this remains the 1st real potential upside obstacle on this t/f, the prev sw lo zone starting @ 2155 being disrespected as potential sbr on the pullback from 1933.
* Friday's Dly candle closed as a bearish-bodied hammer with it's lo in the prev sw lo zone that extends to 1933 on this t/f also. The t/f remains in a general downtrend and the 1st real potential upside obstacle is the last prev sw hi, (the last H of the downtrend,) leading to 2334
* The last 4Hr candle closed as a bullish candle the hi of it encountering some supply in a prev sw lo zone = prev supp = pot sbr on that t/f, which extends to circa 2121, and remains the 1st real upside obstacle on the t/f. The t/f is in a technical general downtrend but perhaps closed more rangy overall than anything.

Mthly, Wkly, Dly, and 4Hr below
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Trader with an Edge.
  • #666,871
  • Jul 2, 2022 9:14am Jul 2, 2022 9:14am
...just looking @ 1Hr ...it is still in a general downtrend (per 3 candle fractal swing analysis - same analysis in post above, and indeed all my posts re chart conditions.) 61.8% thurs hi - fri lo is where the current pullback hi is, and this hi is in that prev sw lo zone = prev supp = pot sbr that started @ 2091, and extends on this t/f to 2108, (circa 2121 on 4hr.) Last fractal prints on this t/f, a HL @ 2036 with a LH @ that current p/back hi of 2107. A prev 30min sw hi (pink zone) below current price, = pot rbs.

10/20/50 ema crosses are currently as table below.

1hr below
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Trader with an Edge.
  • #666,872
  • Edited 4:17pm Jul 2, 2022 9:35am | Edited 4:17pm
Quoting Moty
now i see what they were planning {image} classic pull back from weekly and daily s3 to weekly and daily s2 {image}
Look at the USDINDEX-M1 and EURGBP-M1 charts at the same time. When both charts are above MA100-M1, GBPUSD will fall. When both charts are below MA100-M1, GBPUSD will go up.

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #666,873
  • Jul 2, 2022 10:07am Jul 2, 2022 10:07am
If the bulls close a daily candle above 1.22. Probably next week we will have a consolidation between 1.2450 and 1.2190.

Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: -97.0%
  • #666,874
  • Jul 2, 2022 10:21am Jul 2, 2022 10:21am
Usd Index needs to drop below of the support at 103.50 to confirm the double top.

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #666,875
  • Jul 2, 2022 10:22am Jul 2, 2022 10:22am
Quoting BeeTogether
{quote} great creatures! My aunt had one back Nairobi which had picked up all the swearing my uncle did. So randomly would swear in Swahili or Gujarati !
I hope he talks, i feel he is holding back, he is definitely smart
  • #666,876
  • Jul 2, 2022 10:23am Jul 2, 2022 10:23am
Quoting donfriday
April close above 1.25 May close above 1.25 June close below July first target 1.25 My overall view Q3 bullish

hope u right
  • #666,877
  • Jul 2, 2022 10:50am Jul 2, 2022 10:50am
Quoting nAVIN2007
{quote} hope u right
Hi Navin, you have held on for this long and still surviving means you are going to survive this bloody bears eventually. 93% of the yearly drop has already happened, lowest I see now is 1.1880 area which may or may not happen... This July is poised to be the end of all the bearish dominance this year... I look forward to seeing you at minimum projected high 1.2500 this July.

Below is my price sequence till year end...

1.1880/1.1930 - 1.2850
1.2850 - 1.2450
1 2450 - 1.3000
1.3000 - 1.2700
1.2700 - 1.3200
1.3200 - 1.2950
1.2950 - 1.3600
1.3600 - 1.3380
1.3380 - 1.3800

Let's see if I will come back to reference this post by year end.

But hey, this is forex and I may end up brutally wrong but this is what I see.

Cheers mate.
Data + Stat + Risk/Emotions Management
  • #666,878
  • Jul 2, 2022 10:55am Jul 2, 2022 10:55am
Quoting palpite
If the bulls close a daily candle above 1.22. Probably next week we will have a consolidation between 1.2450 and 1.2190. {image}
daily close over 2080 already a signal . next over 2150 and 2190 as 1st confirmation while weekly close next above 2130 may be enough stay afloat ! lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #666,879
  • Jul 2, 2022 12:04pm Jul 2, 2022 12:04pm
Quoting Georginson
{quote} Hi Navin, you have held on for this long and still surviving means you are going to survive this bloody bears eventually. 93% of the yearly drop has already happened, lowest I see now is 1.1880 area which may or may not happen... This July is poised to be the end of all the bearish dominance this year... I look forward to seeing you at minimum projected high 1.2500 this July. Below is my price sequence till year end... 1.1880/1.1930 - 1.2850 1.2850 - 1.2450 1 2450 - 1.3000 1.3000 - 1.2700 1.2700 - 1.3200 1.3200 - 1.2950 1.2950 - 1.3600 1.3600...
Lets see, im not gonna add anything now..am in enough trouble as it is
I think we may have found a bottom..

my account is now 40% depleted
my expectation are pretty much what your view is..
Thank you for encouraging me
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  • #666,880
  • Jul 2, 2022 1:36pm Jul 2, 2022 1:36pm
On Monday and Tuesday price will go up first

Then on Wednesday onwards it will drop hard
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