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Cable Update (GBPUSD)

  • #715,001
  • Dec 18, 2022 1:23pm Dec 18, 2022 1:23pm
Quoting Georginson
Currently 6 consecutive days of buying but the candle sizes are getting smaller... Yesterday CPI came out bad for USD yet price only did 180 pips bullish move and gave back 80 pips from that high of 1.2443, compared to the previous CPI news that came out negative for USD in November 10 which produced extra ordinary 380 pips move in a single day... Weekly also showing exhaustion signs as last week's range being 243 pips is the lowest weekly range since August... These are all bullish exhaustion signs... I'm expecting 400 pips correction before...
It's now 326 pips of the expected 400 pips correction from the high... This means the immediate target this week is 1.2046... while extended target may stretch to 1.1960....
Data + Stat + Risk/Emotions Management
  • #715,002
  • Dec 18, 2022 3:18pm Dec 18, 2022 3:18pm
If you are tracking the GBPUSD this week, consider this technical perspective from a medium-term swing trader. GBPUSD price action on the daily time frame took on a bearish mode after a retest of the 1.21470/1.23120 horizontal resistance zone seen on the weekly time frame. Although we are seeing a decline in bearish momentum, recent technical pattern still favours bears.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #715,003
  • Edited 4:01pm Dec 18, 2022 3:42pm | Edited 4:01pm
IG Markets had most of their clients short on EU/GU and long on USDX.
Now less certainty with short on EU and slightly long on GU!

MM's tend to move the markets in the opposite direction to retail expectations!
  • #715,004
  • Edited 4:32pm Dec 18, 2022 4:19pm | Edited 4:32pm
** Yen Jumps on Report of Kishida Flexibility on Monetary Policy **

Haha..
Time to Buy Yen is very, very soon!

(Investors pricing in Bank of Japan April Pivot)

As soon as this gap is filled and I get the final confirmation to go Short, it's done! No more waiting game..
  • #715,005
  • Dec 18, 2022 5:14pm Dec 18, 2022 5:14pm

  1. Attached Image (click to enlarge)
    Click to Enlarge Name: GBPUSDH4 dec19.png Size: 35 KB
    MESSI AHA

  • #715,006
  • Dec 18, 2022 5:17pm Dec 18, 2022 5:17pm
Quoting TheWolf
{quote} You only expect small appreciation. Why?
Technical.
It might break 134.50 and up for 2 more waves. I discard 151 though
POSTMASTER
  • #715,007
  • Dec 18, 2022 5:20pm Dec 18, 2022 5:20pm
Quoting Robinhood1
{quote} Technical. It might break 134.50 and up for 2 more waves. I discard 151 though
go figure N Vingt The HOOD
  • #715,008
  • Dec 18, 2022 7:06pm Dec 18, 2022 7:06pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 dec19.png Size: 47 KB


No secret or hidden agendas to be found on this thread!
  • #715,009
  • Dec 18, 2022 8:05pm Dec 18, 2022 8:05pm
Waiting to short USDJPY at the break of this level.
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My telegram: https://t.me/avidforex
  • #715,010
  • Dec 18, 2022 8:58pm Dec 18, 2022 8:58pm
Short 1.2190 SL 1.2240
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #715,011
  • Edited 9:53pm Dec 18, 2022 9:32pm | Edited 9:53pm
The beauty about trading is that Losses can easily be controlled.
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My telegram: https://t.me/avidforex
  • #715,012
  • Dec 18, 2022 9:57pm Dec 18, 2022 9:57pm
Quoting Yngwie
Short 1.2190 SL 1.2240
closed 10 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #715,013
  • Dec 18, 2022 10:10pm Dec 18, 2022 10:10pm
Still holding my long position on GU as long as the wedge is intact…
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  • #715,014
  • Dec 18, 2022 10:31pm Dec 18, 2022 10:31pm
Quoting Headland
{quote} My apologies if you found my post too 'direct.' I wasn't meaning to be aggressive. {quote} Hi, Please see my comment above in case you too thought I was 'picking a fight lol! I wasn't. Thanks for your comments. Re your points/question; I don't think your average looks unreasonable. As you probably know comrade Georginson is the one to ask re ranges. The only ranges I use are adr, (average daily range,) awr, and amr, but mostly adr re price's relationship to it, and it's deviation from it, as I am effectively a lower t/f day trader. I really...
No offence taken. We're all comrades in arms!
  • #715,015
  • Dec 18, 2022 10:52pm Dec 18, 2022 10:52pm
buy - 1.2185
Together we can be strongest
Vantage Return This Month: na
  • #715,016
  • Dec 18, 2022 11:00pm Dec 18, 2022 11:00pm
Mates what an exciting match that was Haha

If it was not fixed then it was very exciting and thrilling

Esp the goal that was missed by France in the goali kicks looked very unprofessional and "fishy" too

But If it was not that surely Match was really exciting

What a End Of Year

Did you see me in the stadium?
Shekh In Desert
  • #715,017
  • Dec 18, 2022 11:10pm Dec 18, 2022 11:10pm
French President wanted a deal with Qatar
Winning the World Cup would have granted them Gas Hahahahahaaaaaaaa
But its not to be
Just Joking Eh Haha
Shekh In Desert
  • #715,018
  • Dec 18, 2022 11:30pm Dec 18, 2022 11:30pm
Long 1.2170
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #715,019
  • Dec 18, 2022 11:44pm Dec 18, 2022 11:44pm
Quoting ToSatisfy
French President wanted a deal with Qatar Winning the World Cup would have granted them Gas Hahahahahaaaaaaaa But its not to be Just Joking Eh Haha
eat radish for unlimited gas
  • #715,020
  • Dec 18, 2022 11:46pm Dec 18, 2022 11:46pm
nothing here
Attached Image (click to enlarge)
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Marbas