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Cable Update (GBPUSD)

  • #677,361
  • Aug 22, 2022 4:46am Aug 22, 2022 4:46am
Quoting Yngwie
1730/60 area to buy
Not a bad zone to throw in a "naked" buy
  • #677,362
  • Aug 22, 2022 4:48am Aug 22, 2022 4:48am
...been looking @ the fib extensions of the last wkly swing up 1759-2293

127.2% - 1611
138.2% - 1555
150% - 1490
161.8% - 1425

All fall in that prev mthly sw lo zone (= prev supp = pot supp,) that extends down to the 1410 multi-year 'covid' lo.
-----------------------

Upside fibs assuming 1782 lo holds, 1851/2, 1867, then a 3 fib cluster 1895-02
Trader with an Edge.
  • #677,363
  • Aug 22, 2022 5:00am Aug 22, 2022 5:00am
For Queen and country

Long in at 1.1812 target 1o pips

Busted
Don't trade what you think. Just what you see!!!
  • #677,364
  • Aug 22, 2022 5:08am Aug 22, 2022 5:08am
Quoting MIKKI
{quote} Trend is down heading for 1477 next couple of weeks...don't get trapped on top
What is next couple of weeks, if I may ask? Because it can also mean 2 months and by then it would hit 1.2000 and probably fall from there.
  • #677,365
  • Aug 22, 2022 5:11am Aug 22, 2022 5:11am
For intraday traders (scalpers) don't get sucked in selling here. This must touch 1860 at least between today and tomorrow. Only sell if we achieve a 4hr (daily) close below 1760.
  • #677,366
  • Aug 22, 2022 5:16am Aug 22, 2022 5:16am
Quoting Theoak
For Queen and country Long in at 1.1812 target 1o pips Busted
Got taken out of this, but defo signs of the BULL. Might have a another go in a bit! For Queen and Country!!
Don't trade what you think. Just what you see!!!
  • #677,367
  • Edited 5:42am Aug 22, 2022 5:24am | Edited 5:42am
Roll on NYO maybe we’ll see a move up or down out of the current range

11820 needs to crack seems to be a big resistance area
Insane in the Brain..
  • #677,368
  • Aug 22, 2022 5:27am Aug 22, 2022 5:27am
Quoting BeeTogether
Roll on NYO maybe we’ll see a move up or down out of the current range
Hoping we get a move both ways
be a thinker before being a reacter
  • #677,369
  • Aug 22, 2022 5:28am Aug 22, 2022 5:28am
Also it’s Monday lol
be a thinker before being a reacter
  • #677,370
  • Aug 22, 2022 5:28am Aug 22, 2022 5:28am
Quoting Mitiblotch
For intraday traders (scalpers) don't get sucked in selling here. This must touch 1860 at least between today and tomorrow. Only sell if we achieve a 4hr (daily) close below 1760.
It's possible it drops to 1.1730 before 90 pips retracement which may still be limited to 1.1820 area...

1.1857 has a minor resistance ... So the temporary hurdles for bulls are 1.1837, 1.1857 and finally 1.1894.

Below 1.1837 exposes 1.1730 - 1.1667 between Monday and Tuesday.
Data + Stat + Risk/Emotions Management
  • #677,371
  • Aug 22, 2022 5:29am Aug 22, 2022 5:29am
Mmmmm so much positivity last week about how much this was going in a big way this week. But not so sure now.

Morning Moty
  • #677,372
  • Aug 22, 2022 5:31am Aug 22, 2022 5:31am
GU: H4
Waiting for touch those level.
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Intraday Trading is an Art _ hoda
  • #677,373
  • Aug 22, 2022 5:33am Aug 22, 2022 5:33am
Im still buying, few more pendings activated Hope for m pivot 2061 or minimum 1998
People don't plan to lose. They lose because they don't plan.
  • #677,374
  • Aug 22, 2022 5:44am Aug 22, 2022 5:44am
Upside seems losing steam, i expect a close below my lower key level eventually today, triggering a Short.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
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  • #677,375
  • Aug 22, 2022 5:46am Aug 22, 2022 5:46am
Quoting ScalaFX
Im still buying, few more pendings activated Hope for m pivot 2061 or minimum 1998
2061?? that be the area is like but can’t see it. We maybe stuck in the 11970-11670 areas for a bit
Insane in the Brain..
  • #677,376
  • Aug 22, 2022 5:47am Aug 22, 2022 5:47am
What are the chances this thing will consolidate, and gather liquidity before moving? Im in again at 1800 I thin I got in at premium.
be a thinker before being a reacter
  • #677,377
  • Aug 22, 2022 5:53am Aug 22, 2022 5:53am
If this is the low for today, 100 pips ADR would be 1980.
Intraday only.
  • #677,378
  • Aug 22, 2022 6:01am Aug 22, 2022 6:01am
looks like NY will decide
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #677,379
  • Aug 22, 2022 6:03am Aug 22, 2022 6:03am
Quoting ForexGoose
{quote} almost reached 1.176 and maybe there will be a bounce for bulls {image}
waiting for 1.176 to be broken soon

bulls are failing
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #677,380
  • Aug 22, 2022 6:04am Aug 22, 2022 6:04am
Quoting ForexGoose
{quote} waiting for 1.176 to be broken soon bulls are failing
Won't happen today in my books.
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