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Cable Update (GBPUSD)

  • #674,141
  • Aug 8, 2022 11:09pm Aug 8, 2022 11:09pm
Closed some long opened today (3) because of spikes up and down at m1 , now one long left open at yesterday with SL this day Low
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #674,142
  • Aug 8, 2022 11:11pm Aug 8, 2022 11:11pm
Quoting bigiivan
{quote} Agree/ disagree?
just fib yesterday candle for answers
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 16 KB
  • #674,143
  • Aug 8, 2022 11:21pm Aug 8, 2022 11:21pm
Quoting epzero
It’s best to wait for a breakout , cable is still ranging and very soon we will see a clear direction , so it’s best to wait than be sorry
Cable already got a direction keep buying the dips bro. Selling at these lows pose a great danger
Keep the Lights on then you can catch the rise from the dark.
  • #674,144
  • Aug 8, 2022 11:24pm Aug 8, 2022 11:24pm
Looks like people are doing art today
  • #674,145
  • Aug 8, 2022 11:25pm Aug 8, 2022 11:25pm
my view

important is S

if we stay above S = LONG
if not = sell to S1
Attached Image (click to enlarge)
Click to Enlarge Name: gg.jpg Size: 205 KB
Trendlines H1,H4, SMC
  • #674,146
  • Aug 8, 2022 11:27pm Aug 8, 2022 11:27pm
Quoting ricmaj
{quote} Cable already got a direction keep buying the dips bro. Selling at these lows pose a great danger
higher weekly lows agree with you
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 16 KB
  • #674,147
  • Aug 8, 2022 11:27pm Aug 8, 2022 11:27pm
The trend is currently down
  • #674,148
  • Aug 8, 2022 11:31pm Aug 8, 2022 11:31pm
Anyone know where next support or resistance will be?
  • #674,149
  • Aug 8, 2022 11:34pm Aug 8, 2022 11:34pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 14 KB
yes yes yes
  • #674,150
  • Aug 8, 2022 11:34pm Aug 8, 2022 11:34pm
Quoting Houtbay
The trend is currently down
considering 100 & 200 sma over various time frames
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 16 KB
  • #674,151
  • Aug 8, 2022 11:37pm Aug 8, 2022 11:37pm
Quoting Houtbay
Anyone know where next support or resistance will be?
i think Moty has the support level right it’s 12064 area
whilst I see resistance at around 12130 on my daily
Insane in the Brain..
  • #674,152
  • Aug 8, 2022 11:43pm Aug 8, 2022 11:43pm
Decider levels.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 30 KB
  • #674,153
  • Aug 8, 2022 11:50pm Aug 8, 2022 11:50pm
Quoting Houtbay
The trend is currently down
Buy the dip is way safer than selling an oversold market
  • #674,154
  • Aug 8, 2022 11:53pm Aug 8, 2022 11:53pm
Quoting GODofMC
Closed some long opened today (3) because of spikes up and down at m1 , now one long left open at yesterday with SL this day Low
Adding more Longs, TP just decoration, can cut anytime when profit or loss
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-08-09-13-51-53-53_a068875e8d70110f8d1ec48729c67374.png Size: 86 KB


Still in asian box range
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #674,155
  • Aug 8, 2022 11:54pm Aug 8, 2022 11:54pm
TP set to 25 pips from the 200 lwma band
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 11 KB
yes yes yes
  • #674,156
  • Aug 8, 2022 11:57pm Aug 8, 2022 11:57pm
Quoting Georginson
{quote} Good catch at 1.2135 which was extremely close to yesterday high, this position will be held as far as price doesn't break yesterday high, so SL now set at 1.2135 being the entry price. Let's see how it unfolds.
I think the target should be 1.19787 which is -76.4% or -100% fibonacci level, the reason is that the price retested at 76.4% and 100% fibo level, the body of the candle was on 76.4% and the wick was on 100%. Though, I was expecting it to retest on 61.8 but it went beyond that. Lets see how it unfolds. I used H4 for this analysis. Today retracement can be on 50%. Though the general trend is bearish, I will never go against the trend, trend is your friend. Every trader is right in his own opinion.
  • #674,157
  • Aug 9, 2022 12:08am Aug 9, 2022 12:08am
EUR will be very strong today. Take advantage.
EU, EA, Long find others suitable
My telegram: https://t.me/avidforex
  • #674,158
  • Aug 9, 2022 12:14am Aug 9, 2022 12:14am
Quoting Moty
TP set to 25 pips from the 200 lwma band {image}
Moty, why are you buying when the price is below your daily pivot? I am not a fan to pivot though. I am just asking, i am sorry if offended
  • #674,159
  • Aug 9, 2022 12:14am Aug 9, 2022 12:14am
Eur is trying to cross the downtrend line. If it crosses then we can see big jump in Euro. Between EU and GU I would prefer EU.
Attached Image (click to enlarge)
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  • #674,160
  • Aug 9, 2022 12:28am Aug 9, 2022 12:28am
I had my GBP shorts on for a while now.
Finally seeing some downward movement in London.
Would like my original estimate of 2050 to get hit, but I don't mind if it goes further

Assuming I've discovered the midpoint (before it's even been established), I think 2030 might even be possible for this swing
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