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Cable Update (GBPUSD)

  • #668,861
  • Jul 12, 2022 4:18am Jul 12, 2022 4:18am
DAILY TF

Candles is GBP USD
Line is EUR USD

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Daily_snapshot.png Size: 26 KB

For what I see, everytime it's been GBP USD finally weakening to "reach" EUR USD.
At least, this happens since march 2020 (didn't check earlier).
This indeed means that EUR is weaker than GBP (eurgbp value is in fact in downtrend since march 2020). But also means that both EUR and GBP are affcted by USD strength.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_GBP_Daily_snapshot.png Size: 15 KB

At time of writing EUR GBP daily chart show possible range .84-.85 so I would not be surprised to see EUR stopping for a while near parity, but GBP weakening 30 to 70 pips further
90% of traders use TA, indicators and prediction
  • #668,862
  • Jul 12, 2022 4:29am Jul 12, 2022 4:29am
Time to get my feet up for a bit and catch some sleep as the pair look like ranging for time being. Damn covid is pissing me off too!
Insane in the Brain..
  • #668,863
  • Jul 12, 2022 4:29am Jul 12, 2022 4:29am
Quoting openyoureyes
it is basically testing lower, if breaks expect at least 2-3% more dip // not really a support zone
This is psychological support
yes yes yes
  • #668,864
  • Jul 12, 2022 4:31am Jul 12, 2022 4:31am
5min TF

1845 - 1860 is resistance

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_5 Mins_snapshot.png Size: 12 KB

until price is unable to conquer it back, you won't see 1.19 again.
90% of traders use TA, indicators and prediction
  • #668,865
  • Jul 12, 2022 4:33am Jul 12, 2022 4:33am
...price trades inbetween a prev 30min sw lo zone = prev supp = pot supp, which may or may not firm up into a prev 1hr sw lo zone, -and- a prev 30min sw lo zone = prev supp = pot sbr.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
Trader with an Edge.
  • #668,866
  • Jul 12, 2022 4:40am Jul 12, 2022 4:40am
OLD chart showing what I mean by saying "conquering it back" refered to previosu post

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_5 Mins_snapshot.png Size: 22 KB

I don't see anything similiar to this setup in actual price conditions.
90% of traders use TA, indicators and prediction
  • #668,867
  • Jul 12, 2022 4:41am Jul 12, 2022 4:41am
Quoting _BBKing_
5min TF 1845 - 1860 is resistance {image} until price is unable to conquer it back, you won't see 1.19 again.
was very similar to 1197x area yesterday in the end it gave way to the bears.
Insane in the Brain..
  • #668,868
  • Jul 12, 2022 4:44am Jul 12, 2022 4:44am
i might get a new user name with different ip


Patwave
chikowaver

which of the names sound dope
MY OPINION NOT FINANCIAL ADVISE
  • #668,869
  • Jul 12, 2022 4:47am Jul 12, 2022 4:47am
€ just reached/touched parity with $ - some support there.
Trader with an Edge.
  • #668,870
  • Jul 12, 2022 4:48am Jul 12, 2022 4:48am
looking for sell from 1.1975 and tp at 1.1750
MY OPINION NOT FINANCIAL ADVISE
  • #668,871
  • Jul 12, 2022 4:48am Jul 12, 2022 4:48am
Quoting Headland
€ just reached parity with $ - some support there.
Pending long at 0991 just for fun. I need an adrenaline rush! Lol
  • #668,872
  • Jul 12, 2022 4:52am Jul 12, 2022 4:52am
Quoting Moty
i believe the eu will get support from here {image}
Parity .
  • #668,873
  • Jul 12, 2022 4:54am Jul 12, 2022 4:54am
Quoting donfriday
looking for sell from 1.1975 and tp at 1.1750
i can’t see a rise above 119 today even then it will be a tough to go over 11930 unless UK data tomorrow helps drive that?
Insane in the Brain..
  • #668,874
  • Jul 12, 2022 4:55am Jul 12, 2022 4:55am
Looking for Buy entries from current position of market. Sl would be 1.18090 and to of 20 pips.
  • #668,875
  • Jul 12, 2022 4:57am Jul 12, 2022 4:57am
go go go
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 25 KB
yes yes yes
  • #668,876
  • Jul 12, 2022 4:58am Jul 12, 2022 4:58am
Quoting PatienceFx
EURUSD AT PARITY !!!
Now you can
People don't plan to lose. They lose because they don't plan.
  • #668,877
  • Jul 12, 2022 5:02am Jul 12, 2022 5:02am
GU

Pullback zone for potential N3 to short set up.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 180.jpg Size: 145 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #668,878
  • Jul 12, 2022 5:03am Jul 12, 2022 5:03am
...1hr double bullish regular div in the histo osc...see chart below

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
Trader with an Edge.
  • #668,879
  • Jul 12, 2022 5:03am Jul 12, 2022 5:03am
Quoting Moty
go go go {image}
How far up do you see GU?
  • #668,880
  • Jul 12, 2022 5:05am Jul 12, 2022 5:05am
Quoting eyefeelsix
{quote} I move trailing stop to 1.1900 --- six of eight profits in the vault, I don't want the market to take it back {image}
Congratulations men! Ideally played, lets see now new impuls happen, cheers!
People don't plan to lose. They lose because they don't plan.
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