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Cable Update (GBPUSD)

  • #726,781
  • Feb 7, 2023 6:34am Feb 7, 2023 6:34am
gbp today target is 1.18890
  • #726,782
  • Feb 7, 2023 6:46am Feb 7, 2023 6:46am
Cheeky LONG to pay for lunch 1.1980 no sl no tp
  • #726,783
  • Feb 7, 2023 6:47am Feb 7, 2023 6:47am
Quoting Waveskierrob
Cheeky LONG to pay for lunch 1.1980 no sl no tp
Closed LONG 1.1985 +5 ... thanks again GU
  • #726,784
  • Feb 7, 2023 6:48am Feb 7, 2023 6:48am
GBP/USD 15M Chart

Bulls are nowhere to be found. This one 15M candle did close above the R, but had no follow-up.
Won't even mention higher TF's.. all Bears.

Weekly R lowered to ~1.215.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15M.png Size: 22 KB
  • #726,785
  • Feb 7, 2023 6:49am Feb 7, 2023 6:49am
Quoting Waveskierrob
{quote} Closed LONG 1.1985 +5 ... thanks again GU
Well, that was fast..
Didn't even have time to light up the cigarette. LoL
  • #726,786
  • Feb 7, 2023 6:52am Feb 7, 2023 6:52am
Good day All. Gu is in FVG. waiting for confirmation to go long. 4 hr is below
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-02-07_14-23-00.png Size: 15 KB
  • #726,787
  • Feb 7, 2023 6:53am Feb 7, 2023 6:53am
Quoting SnailFX
{quote} Well, that was fast.. Didn't even have time to light up the cigarette. LoL
about time had to wait weeks for my SHORTS to get into profit.....right lunchtime...
  • #726,788
  • Feb 7, 2023 6:54am Feb 7, 2023 6:54am
Can not see much happening with gbpusd at the moment at least from H1 upwards as the current larger degree H1 swing is still in play with the last minor swing seeming to lose momentum , need to see a break of structure @2057 and then we might head on back up to 2294
Follow The Markets Structure - Patience and Discipline
  • #726,789
  • Feb 7, 2023 6:58am Feb 7, 2023 6:58am
Watch 1.1950-60s strong buy zone, only a clear base below would turn the pair downward to become resistance later.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #726,790
  • Feb 7, 2023 6:59am Feb 7, 2023 6:59am
There are some nice looking possible reversals setting up on audusd , usdchf, usdjpy,usdcad, nzdusd, audcad, chfjpy,
Follow The Markets Structure - Patience and Discipline
  • #726,791
  • Feb 7, 2023 7:05am Feb 7, 2023 7:05am
There are some news within about 4 hours CAD and USD. We could see a gbpcad spike to below 1.6000 + reversal Up. Gu may correlate.
POSTMASTER
  • #726,792
  • Feb 7, 2023 7:07am Feb 7, 2023 7:07am
Come on!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-02-07-15-05-00-398-edit_net.metaquotes.metatrader4.jpg Size: 660 KB
yes yes yes
  • #726,793
  • Feb 7, 2023 7:10am Feb 7, 2023 7:10am
Aaaaannnnnnddddd I just surpassed £9000 of losses in 18 months.
  • #726,794
  • Feb 7, 2023 7:12am Feb 7, 2023 7:12am
The pounds just going to zero isn't it?
  • #726,795
  • Feb 7, 2023 7:18am Feb 7, 2023 7:18am
add buy - 1.1972
Together we can be strongest
Vantage Return This Month: na
  • #726,796
  • Feb 7, 2023 7:18am Feb 7, 2023 7:18am
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.png Size: 34 KB
  • #726,797
  • Feb 7, 2023 7:19am Feb 7, 2023 7:19am
Quoting Robinhood1
Went long gbpnzd 1.8990 target 1.9300
I am thinking 1.89194 will be a better level to buy from.
  • #726,798
  • Edited 7:57am Feb 7, 2023 7:22am | Edited 7:57am
Longer term , gbpusd is bullish, if we look at the daily, the larger degree swing broke the structure of the downtrend, whenever there is a change in structure there is always a retest or pullback to the last higher low swing of the same degree.

The daily price action we saw prior to the current move down was part of an abc expanding flat leg B so C is now in play and would expect at some point to test 1750 area and then after possible a huge impulse wave to the upside maybe even 1.35


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 40 KB
Follow The Markets Structure - Patience and Discipline
  • #726,799
  • Feb 7, 2023 7:30am Feb 7, 2023 7:30am
Quoting pipfarm
Longer term , gbpusd is bullish, if we look at the daily, the larger degree swing broke the structure of the downtrend, whenever there is a change in structure there is always a retest or pullback to the last higher low swing of the same degree. The daily price action we saw prior to the current move down was part of an abc expanding flat leg B so C is now in play and would expect at some point to test 1750 area and then after possible a huge impulse wave to the upside maybe even 1.35
I agree the impulse wave to 1.35 is coming but not until we hit a low closer to 1.10 or lower. I believe the annual range for 2023 will be at least 2000 pips.

I don't know who posted this chart back in December but I think it is on target.
Attached Image (click to enlarge)
Click to Enlarge Name: pound 2023.jpg Size: 675 KB
  • #726,800
  • Feb 7, 2023 7:31am Feb 7, 2023 7:31am
Quoting MrFanciful
Aaaaannnnnnddddd I just surpassed £9000 of losses in 18 months.
oh dear! :|
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