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Cable Update (GBPUSD)

  • #715,361
  • Dec 20, 2022 6:44am Dec 20, 2022 6:44am
Quoting RemyLou
{quote} Im glad you brought that up Pat coz i wanted to ask... See i was having a good coffee the other day and a thought just hit me... What if you could break it down to key major players, understand their temperament,agendas and affiliations. wouldnt give me an edge on where the market is about to go?
Well, now that you know that recession is inevitable and some currencies will do better than the other, what's the plan?
  • #715,362
  • Dec 20, 2022 6:47am Dec 20, 2022 6:47am
Quoting TheWolf
{quote} Well, now that you know that recession is inevitable and some currencies will do better than the other, what's the plan?
Countries have gone back to accumulating gold instead of currency!
  • #715,363
  • Dec 20, 2022 6:48am Dec 20, 2022 6:48am
i am bias towards the bulls.

this pair is ranging at higher tf since end of last week.
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  • #715,364
  • Dec 20, 2022 6:57am Dec 20, 2022 6:57am
Looks short to me

Daily showing a downswing against the weekly
4h showing abc correction and then a downtrend
would look for entry on 1H

The 1h may be showing a little more of a complex correction than i have highlighted in the photo see the last H1 photo

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Follow The Markets Structure - Patience and Discipline
  • #715,365
  • Dec 20, 2022 7:02am Dec 20, 2022 7:02am
I think GU falls 200pips tomorrow on news and ranges today.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.3%
  • #715,366
  • Dec 20, 2022 7:05am Dec 20, 2022 7:05am
Quoting palpite
sell - 1.2170 stop loss - 1.2190
trade closed - 1.2112
Together we can be strongest
Vantage Return This Month: -97.0%
  • #715,367
  • Dec 20, 2022 7:08am Dec 20, 2022 7:08am
That’s a crazy drop from the last hourly high! Well done bears
Insane in the Brain..
  • #715,368
  • Dec 20, 2022 7:10am Dec 20, 2022 7:10am
this is too easy
even if you are aiming for 10 pips a trade you can gain 40 pips
but if you are hitting a bonsai it can pays a lot
Attached Image (click to enlarge)
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yes yes yes
  • #715,369
  • Dec 20, 2022 7:12am Dec 20, 2022 7:12am
gbpusd
double bttm pattern
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Trendlines H1,H4, SMC
  • #715,370
  • Dec 20, 2022 7:15am Dec 20, 2022 7:15am
Quoting deekaey43
Weakness spotted Dec. 1 to indicate trend slowing and/or reversal. Higher prices have brought increased activity, with eventual lower prices following. The lower prices are not drawing high interest to buyers yet. Short targeting 1.190-1.195 depending on activity. {image}

Continuing the pre-positioning from last week, the highest levels of activity come in the form of the high of the day and followed by a move down. Will continue down until there is significant discount for attract bullish interest.
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  • #715,371
  • Dec 20, 2022 7:19am Dec 20, 2022 7:19am
last wensday i deposited 116 $
the rest is history
i told that i will be back

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Inserted Video
yes yes yes
  • #715,372
  • Dec 20, 2022 7:21am Dec 20, 2022 7:21am
Channel Bearish - H1

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 9 KB
Together we can be strongest
Vantage Return This Month: -97.0%
  • #715,373
  • Dec 20, 2022 7:24am Dec 20, 2022 7:24am
Quoting Moty
this is too easy even if you are aiming for 10 pips a trade you can gain 40 pips but if you are hitting a bonsai it can pays a lot {image}
Try the BB MACD as a signal for entry and exit.
  • #715,374
  • Dec 20, 2022 7:32am Dec 20, 2022 7:32am
USD/JPY lookin' good so far! Hihi .
  • #715,375
  • Dec 20, 2022 7:38am Dec 20, 2022 7:38am
Quoting TheWolf
USD/JPY lookin' good so far! Hihi .
I'm still in long
  • #715,376
  • Dec 20, 2022 7:47am Dec 20, 2022 7:47am
USINDEX
we have to stay on right side of brown line to overcome R = short gbp or eu
+gbpusd - we can move anywhere in yellow channel

Have a nice day
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Trendlines H1,H4, SMC
  • #715,377
  • Dec 20, 2022 7:55am Dec 20, 2022 7:55am
Quoting TheWolf
{quote} Well, now that you know that recession is inevitable and some currencies will do better than the other, what's the plan?
I dont have a concrete plan. My fundamental analysis is a work in progress.

I have a lot of homework to do.

If i may ask you,what are the key variables to focus on with recession on the way?
Lou Vincii Code
  • #715,378
  • Dec 20, 2022 7:56am Dec 20, 2022 7:56am
Quoting dantpm
{quote} Countries have gone back to accumulating gold instead of currency!
you mean gold is likely to be bullish?
Lou Vincii Code
  • #715,379
  • Dec 20, 2022 8:09am Dec 20, 2022 8:09am
Range time it seems. Volume is sleepy low.
Insane in the Brain..
  • #715,380
  • Dec 20, 2022 8:15am Dec 20, 2022 8:15am
Quoting RemyLou
{quote} you mean gold is likely to be bullish?
Not if the buyers can help it but yeah. It has been happening for more than a couple of years already.
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Fishbones