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Cable Update (GBPUSD)

  • #668,281
  • Edited 4:49am Jul 10, 2022 2:38am | Edited 4:49am
Quoting Georginson
{quote} This I'm about to type will not be liked by many and I have earlier on forecasted 1.38 happening again this year but right now I'm having reasons to doubt it. Here are reasons I'm thinking pound will likely crash to 1.03 within 15 months from now... ✓ in year 2008 GU traded at 2.0391 high and crashed to 1.43 low, then followed up by another crash to 1.35 in year 2009. This crash contains approximately 6900 pips... ✓ in 2014 July, price reached 1.7190 being approximately 3650 pips bounce off the low of 1.35 recorded in year...
Men, maybe you are right, only time will tell but for now we see in incoming days some pullback maybe 200-300 pips for 1.22 or 1.23, there will be decider more crush or trend change, if price want dive to last low 1.14 must fuck off some buyers in higher levels and take some more sellers with, but If we broke 1.22 this thing can complicate some for bears, lets see what's happen, we must be very coutious so everytime place your stop or cut your losses fast when price break last support, cheers!
People don't plan to lose. They lose because they don't plan.
  • #668,282
  • Jul 10, 2022 3:15am Jul 10, 2022 3:15am
Long term big bear in favour for many years for gu and opposite eu. But eu tanking more energetically while gu got Borus fallout as positive and unexpectedly bullish recently. Anyway this post to show now the long term tanking scenerios in gu and most possible. Monthly lows still to take up in strong hand like eu already done while gu long ways to do, so it should do very fast when start next, logical tanking fear here. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #668,283
  • Jul 10, 2022 4:16am Jul 10, 2022 4:16am
Quoting TheWolf
I find something interesting though. We know that when the price on Cable starts to go up, the price of USD/CAD consequently starts falling of course. By looking at the Daily chart USD/CAD I noticed the price respected the 1.3080 level 3 times already and this could be relevant for a week to come. I also noticed something which banks almost always do before some big move up or down and that is that they make sure to catch as much as SL's as they can before heading the other direction. So, by looking at the Daily candle on USD/CAD we can see that...
BRUSSELS/LONDON (Reuters) - Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market.

Clearly us vs them.

This is what I was talking about (USD/CAD, Daily TF).
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  • #668,284
  • Jul 10, 2022 4:28am Jul 10, 2022 4:28am
i am expecting 1 of this plan to play out in July
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MY OPINION NOT FINANCIAL ADVISE
  • #668,285
  • Jul 10, 2022 4:36am Jul 10, 2022 4:36am
It's a bit too early for me to trade GBPUSD. Obviously, the long-term trend is down and continues to be down until Q2 2023. The reason why I'm not touching this pair is the current cot stochastics indicator. Its reading is at a 62% level so not yet a +100%, which is a good sell opportunity. Trading a correction to the upside against the downward trend is not worth my time money and effort. That's just my two cents.
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  • #668,286
  • Jul 10, 2022 4:59am Jul 10, 2022 4:59am
Gbpusd is retracing, but trend remains down
  • #668,287
  • Jul 10, 2022 6:58am Jul 10, 2022 6:58am
We're between market cycles at the moment.
The upside will have some movement come Monday, but after that things should get interesting regarding future direction.
  • #668,288
  • Jul 10, 2022 7:27am Jul 10, 2022 7:27am
Quoting EvilEye
We're between market cycles at the moment. The upside will have some movement come Monday, but after that things should get interesting regarding future direction.
it would be nice to see a good area to drop from, around 12250-12400 a drop to test 118 again would be ideal. Also a spanner in the works is who the bonzo the clown party i mean tory party elect as their leader and what impact it has to the market in terms of fiscal policy. A lot of those who have put their name in the hat are clueless
Insane in the Brain..
  • #668,289
  • Jul 10, 2022 8:52am Jul 10, 2022 8:52am
Quoting Black-Star
From a H4 perspective it seems like Cable is still in correction phase and may be range bound between 1.1800 and 1.2265. {image}
Cable seems to be still in correction phase and is almost about to complete the second leg of the correction. The estimated level for the completion of Wave B leg (lime green) is 1.1800 and that is the level I am aiming for. From there, maybe Cable may rally one more time to complete the correction phase (Wave 4, Orange). If bulls are strong, they may try to rally price to around 1.2265 but if bulls are weak they may be overwhelmed by the bears around 1.2170.

Anything is possible in the markets and that is why I always leave room for error. Let's see how the markets unfold.

(Charts: H4, H1, M30)
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  • #668,290
  • Jul 10, 2022 9:51am Jul 10, 2022 9:51am
Quoting Georginson
{quote} This I'm about to type will not be liked by many and I have earlier on forecasted 1.38 happening again this year but right now I'm having reasons to doubt it. Here are reasons I'm thinking pound will likely crash to 1.03 within 15 months from now... ✓ in year 2008 GU traded at 2.0391 high and crashed to 1.43 low, then followed up by another crash to 1.35 in year 2009. This crash contains approximately 6900 pips... ✓ in 2014 July, price reached 1.7190 being approximately 3650 pips bounce off the low of 1.35 recorded in year...
Your analysis shows great mental agility. Well done, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #668,291
  • Jul 10, 2022 10:13am Jul 10, 2022 10:13am
Quoting ScalaFX
{quote} That's shit! 1.03 on cable? Forget this and stop loosing your money men! Like with this BTC last time! Start doing your own analysis and you will be fine! Cheers!
Just hve to wait for August. There is a panic cycle coming. How long will it take to reach 1.0300? i donīt know but as i say lets wait for september. I will remind your Quote in capital letters. And how i spend my money is none of your bussness, is it? Desgraciado
POSTMASTER
  • #668,292
  • Jul 10, 2022 10:16am Jul 10, 2022 10:16am
This guy is no joke. He was a consultant for mayor banks plus goverments till the CIA wanted his model

Inserted Video
POSTMASTER
  • #668,293
  • Jul 10, 2022 10:54am Jul 10, 2022 10:54am
People don't plan to lose. They lose because they don't plan.
  • #668,294
  • Jul 10, 2022 12:11pm Jul 10, 2022 12:11pm
The 3 chimps on a string scfx, wavy & patty. Same corporative person
POSTMASTER
  • #668,295
  • Jul 10, 2022 12:11pm Jul 10, 2022 12:11pm
Quoting Robinhood1
The 3 chimps on a string scfx, wavy & patty. Same person
or bots
POSTMASTER
  • #668,296
  • Jul 10, 2022 12:21pm Jul 10, 2022 12:21pm
Quoting Georginson
{quote} This I'm about to type will not be liked by many and I have earlier on forecasted 1.38 happening again this year but right now I'm having reasons to doubt it. Here are reasons I'm thinking pound will likely crash to 1.03 within 15 months from now... ✓ in year 2008 GU traded at 2.0391 high and crashed to 1.43 low, then followed up by another crash to 1.35 in year 2009. This crash contains approximately 6900 pips... ✓ in 2014 July, price reached 1.7190 being approximately 3650 pips bounce off the low of 1.35 recorded in year...

nice breakout.

to my style of trading

in this Q3 1.22, 1.25 and drop to 1.17

from 1.17 we should see a strong buy thats likely to take us to 1.32 in the year 2023 before another heavy sell off.
but i expect a few up and down from 1.17 and 1.27 in the remaining quarter of the year 2022


i am likely to be all wrong.
MY OPINION NOT FINANCIAL ADVISE
  • #668,297
  • Jul 10, 2022 12:30pm Jul 10, 2022 12:30pm
Quoting Robinhood1
The 3 chimps on a string scfx, wavy & patty. Same corporative person
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  • #668,298
  • Jul 10, 2022 12:36pm Jul 10, 2022 12:36pm
Quoting donfriday
i am expecting 1 of this plan to play out in July {image} {image}
Plan B is more similar to mine, but maybe not so high.
But who knows..
  • #668,299
  • Jul 10, 2022 12:43pm Jul 10, 2022 12:43pm
I will not click on a link for security reasons. There goes an ass liker. BTW, your time is running out and you know it
POSTMASTER
  • #668,300
  • Jul 10, 2022 12:46pm Jul 10, 2022 12:46pm
Quoting Robinhood1
I will not click on a link for security reasons. There goes an ass liker. BTW, your time is running out and you know it
You teaching me more than i would imagine
POSTMASTER
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