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Cable Update (GBPUSD)

  • #727,601
  • Feb 9, 2023 6:51am Feb 9, 2023 6:51am
Quoting satheesh
Expecting a short set up in New York{image}[/color]
Hi Friend, Elliott Wave Theory rules:

Rule 1: The shortest impulse wave will NEVER be WAVE 3 - In your analysis, wave 1 is longer than wave 3.
Rule 2: WAVE 2 can NEVER go further than the start of WAVE 1
Rule 3: WAVE 4 will NEVER cross the same price zone as WAVE 1

Trade Safe
Guy
  • #727,602
  • Feb 9, 2023 6:55am Feb 9, 2023 6:55am
Come on!!!!!!!!!
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yes yes yes
  • #727,603
  • Feb 9, 2023 6:56am Feb 9, 2023 6:56am
Still no shorts yet. Tracking the move with lines.
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  • #727,604
  • Feb 9, 2023 6:57am Feb 9, 2023 6:57am
Quoting Pat Chiko
{quote} GU Not comfortable with this trade. Bit trick for SL. Trade base on FL rejection level. N3 taken AFTER, the rejection. Maybe got luck for this long to SRF zone for TP.{image}
GU

I'm trying to go for LIQUIDITY zone.
Maybe with some luck, it may reach the target.

If no luck , it can take me out...
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #727,605
  • Feb 9, 2023 6:58am Feb 9, 2023 6:58am
Quoting Headland
{quote} Hi, Brave to buy @ a hi instead of a lo? Hoping for a buy hi-sell higher scenario,? (as opposed to buy lo-sell hi. G/L with it.
We just broke the level 32.8 Fibonacci I'm looking to tp on the next level
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I'm enjoying the wins because I was once terrified by loses
  • #727,606
  • Feb 9, 2023 6:58am Feb 9, 2023 6:58am
Quoting Guy1969
{quote} Hi Friend, Elliott Wave Theory rules: Rule 1: The shortest impulse wave will NEVER be WAVE 3 - In your analysis, wave 1 is longer than wave 3. Rule 2: WAVE 2 can NEVER go further than the start of WAVE 1 Rule 3: WAVE 4 will NEVER cross the same price zone as WAVE 1 Trade Safe Guy
If that is not correct, I use in this way. How ever I am expecting the end of an upswing there. Let us see
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Read the chart... Fundies are catalyst...
  • #727,607
  • Feb 9, 2023 7:02am Feb 9, 2023 7:02am
Quoting satheesh
{quote} If that is not correct, I use in this way. How ever I am expecting the end of an upswing there. Let us see{image}
On the hourly, there's an imbalance here:
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  • #727,608
  • Feb 9, 2023 7:08am Feb 9, 2023 7:08am
Quoting Pat Chiko
{quote} GU I'm trying to go for LIQUIDITY zone. Maybe with some luck, it may reach the target. If no luck , it can take me out...{image}
1.226?

That would be interesting! Extremely interesting!

Anything beyond 1.22, I don't consider as Bearish anymore, if at all.
That would definitely make me reevaluate the trend.

Anything beyond 1.22 suggests one more leg up on Weekly Chart and potential for 1.26 and 1.30, perhaps even 1.35.
  • #727,609
  • Feb 9, 2023 7:08am Feb 9, 2023 7:08am
Watching what price does at 1.22 level which is s/r
  • #727,610
  • Feb 9, 2023 7:11am Feb 9, 2023 7:11am
Quoting Pat Chiko
{quote} GU I'm trying to go for LIQUIDITY zone. Maybe with some luck, it may reach the target. If no luck , it can take me out...{image}
lock profit and close your eyes
I'm enjoying the wins because I was once terrified by loses
  • #727,611
  • Feb 9, 2023 7:15am Feb 9, 2023 7:15am
H4 Channel, with the imbalance zone on the H1 marked. There's another imbalance higher up.

Guy
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  • #727,612
  • Feb 9, 2023 7:24am Feb 9, 2023 7:24am
Looking at other pairs i think it will go to 2250 because there is a still a lot of room for these to complete the cycle
Follow The Markets Structure - Patience and Discipline
  • #727,613
  • Feb 9, 2023 7:25am Feb 9, 2023 7:25am
TP set to 122 whilst I go into a meeting. Will keep a tight SL at 12140
Insane in the Brain..
  • #727,614
  • Feb 9, 2023 7:26am Feb 9, 2023 7:26am
Quoting Traderview
{quote} update; It's in my higher zone. 1.2142 is all you need to look. Daily close below this price is key for bears. {image}
update:
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  • #727,615
  • Feb 9, 2023 7:27am Feb 9, 2023 7:27am
Currently short Gbpusd and gold. Longer term trend of Gbpusd is up
  • #727,616
  • Feb 9, 2023 7:27am Feb 9, 2023 7:27am
Entering short at 1.216, SL 1.219
  • #727,617
  • Feb 9, 2023 7:31am Feb 9, 2023 7:31am
I still see the target to complete the daily cycle as around 1800 but charts will show which way, i have not see a break in H1 structure as of yet so short longer term is still in play
Follow The Markets Structure - Patience and Discipline
  • #727,618
  • Feb 9, 2023 7:33am Feb 9, 2023 7:33am
What I like about the market is the fact that it goes where it's supposed to go and it doesn't do any favours to some of the broken analysis that we are seeing
I'm enjoying the wins because I was once terrified by loses
  • #727,619
  • Feb 9, 2023 7:36am Feb 9, 2023 7:36am
Quoting Mitiblotch
Still no shorts yet. Tracking the move with lines. {image}
Waait moty, pound drop soon
  • #727,620
  • Feb 9, 2023 7:40am Feb 9, 2023 7:40am
if the daily closes above 1.22 then we going to 1.24
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