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Cable Update (GBPUSD)

  • #716,941
  • Dec 30, 2022 1:09am Dec 30, 2022 1:09am
From Elliott wave perspective it looks like a 5 wave bullish motive phase was completed and now we’re in a 3 wave corrective phase - wave c at a conservative guesstimate should complete around 1.18

The guppy investor group (red ma band) is also in a downtrend acting as dynamic resistance. Of course, anything could happen, 1.2 might hold. I just scalp usually but like to check the macro structure from time to time for reference and added confidence.

Wishing everyone a happy and prosperous 2023

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  • #716,942
  • Edited 1:39am Dec 30, 2022 1:25am | Edited 1:39am
Quoting DrDave
{quote}GBPUSD headed North or South?? YES, it is! (It's all about PERSPECTIVE.) {image}
Maybe a small correction is needed Correcting the correcter

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POSTMASTER
  • #716,943
  • Dec 30, 2022 1:35am Dec 30, 2022 1:35am
Quoting PatienceFx
{quote} Wipro Tech Mahindra LTIMindtree 90% easiest capital gain in 2023-24
Wishing you the best in 2023 thanks for this indicator and hoping you will help us lowlies in this caper with your new template come 2023.Regards
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  • #716,944
  • Dec 30, 2022 1:37am Dec 30, 2022 1:37am
Good morning, gang,

I currently have a GBPCAD trade that seems to have just been activated. Could this trigger a GU bullish move too? That is yet to be seen.

Anyhow, take care.
Cheers
  • #716,945
  • Dec 30, 2022 1:47am Dec 30, 2022 1:47am
Quoting Slingshots1
{quote} Wishing you the best in 2023 thanks for this indicator and hoping you will help us lowlies in this caper with your new template come 2023.Regards {image}
series is very powerful indeed
  • #716,946
  • Dec 30, 2022 1:58am Dec 30, 2022 1:58am
What a pain this morning has been
  • #716,947
  • Dec 30, 2022 1:59am Dec 30, 2022 1:59am
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The market hides a perfect geometry.
  • #716,948
  • Dec 30, 2022 1:59am Dec 30, 2022 1:59am
Quoting JayBag
Good morning, gang, I currently have a GBPCAD trade that seems to have just been activated. Could this trigger a GU bullish move too? That is yet to be seen. Anyhow, take care. Cheers
Oh yeah! that certainly triggered GU
  • #716,949
  • Dec 30, 2022 2:00am Dec 30, 2022 2:00am
Now that it's taken the Asian sesison high, watch it reverse again
  • #716,950
  • Dec 30, 2022 2:01am Dec 30, 2022 2:01am
Quoting FulMargnAlch
{image}
TP now, will wait for another entry.
The market hides a perfect geometry.
  • #716,951
  • Dec 30, 2022 2:06am Dec 30, 2022 2:06am
i am long
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yes yes yes
  • #716,952
  • Dec 30, 2022 2:07am Dec 30, 2022 2:07am
Quoting PatienceFx
{quote} Wipro Tech Mahindra LTIMindtree 90% easiest capital gain in 2023-24
What are these?
  • #716,953
  • Dec 30, 2022 2:08am Dec 30, 2022 2:08am
technically shows that from these levels it will go to 1.2750
  • #716,954
  • Dec 30, 2022 2:11am Dec 30, 2022 2:11am
Quoting ToSatisfy
USDJPY Close To TP {image} The Green Line
I Wait UC And GBP

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Shekh In Desert
  • #716,955
  • Dec 30, 2022 2:16am Dec 30, 2022 2:16am
Quoting bilal1947
Anticipating a red daily candle.
Lets begin !
"Exchange of hands"
  • #716,956
  • Dec 30, 2022 2:17am Dec 30, 2022 2:17am
Quoting Moty
i am long {image}
Moty, check the drop in the USDX in the 5 min before London opened and the drop since London opened.
Now compare that to what happened with GU. Pretty big disconnect. Any idea what is happening?
  • #716,957
  • Dec 30, 2022 2:25am Dec 30, 2022 2:25am
BE then recalibrate if reentry is logical.
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The market hides a perfect geometry.
  • #716,958
  • Dec 30, 2022 2:35am Dec 30, 2022 2:35am
Speculation:
Traders are short EU, long USDX and more neutral for GU.
I suspect that MM's are going to long GU and short USDX to go after liquidity pools.

I am looking for an entry point to a trade that makes sense.
  • #716,959
  • Dec 30, 2022 2:45am Dec 30, 2022 2:45am
Alright also EU

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Its surely Bullish and GBP I will be shifting to Bull closing of this hour

Target The Green Line There
Shekh In Desert
  • #716,960
  • Dec 30, 2022 2:49am Dec 30, 2022 2:49am
Quoting genadi
Sold gold here at 1815.020
stopped
938 traders viewing now, 1 is registered:
sanity