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Cable Update (GBPUSD)

  • #744,181
  • May 4, 2023 10:33am May 4, 2023 10:33am
Quoting thevisitor
{quote} Sorry, but your labeling is wrong... 1.2650 next
I respect this very much
I may be wrong and I may be right
nobody knows
Look at the moon with your eyes, not with your ears from the mouths of othe
  • #744,182
  • May 4, 2023 10:34am May 4, 2023 10:34am
Quoting MadMoon
On the weekly chart, we notice a wave that we are in the correction of the fourth wave, and with a higher probability that it will be its end, provided that we continue the path in the fifth wave down, and its future targets are: 1.1512 1.0670 1.0175 I put this vision in order to show you that we are close to the end of the fourth wave .. perhaps {image}
MadMoon, would I be mistaken if I labeled this way? see below...where I'm going wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: GU 05.04 weekly.png Size: 35 KB
Always trade your own plan...I don't provide trading signals.
  • #744,183
  • May 4, 2023 10:41am May 4, 2023 10:41am
GU really crazy lately.. but i believe it must be going down.. cmon bear
  • #744,184
  • May 4, 2023 10:48am May 4, 2023 10:48am
Hopefully NFP will shake the pair tomorrow, as we haven’t seen a break below 12550 today I’m now targeting below 125 tomorrow if the NFP is good.
Insane in the Brain..
  • #744,185
  • May 4, 2023 10:51am May 4, 2023 10:51am
Quoting MadMoon
On the weekly chart, we notice a wave that we are in the correction of the fourth wave, and with a higher probability that it will be its end, provided that we continue the path in the fifth wave down, and its future targets are: 1.1512 1.0670 1.0175 I put this vision in order to show you that we are close to the end of the fourth wave .. perhaps {image}
Switch to the Daily now and exmine the swings that comprise the Weekly W4 wave. That should help you decide if wave4 is most probably complete.
To free Gazans of Hamas, use whatever it takes.
  • #744,186
  • May 4, 2023 10:53am May 4, 2023 10:53am
Quoting BeeTogether
Hopefully NFP will shake the pair tomorrow, as we haven’t seen a break below 12550 today I’m now targeting below 125 tomorrow if the NFP is good.
So far Jolts and ADP were good and unemployment claims were bad.
  • #744,187
  • May 4, 2023 10:55am May 4, 2023 10:55am
Quoting thevisitor
{quote} Sorry, but your labeling is wrong... 1.2650 next
And therein lies the Enigma of Elliott Wave labeling.
To free Gazans of Hamas, use whatever it takes.
  • #744,188
  • May 4, 2023 10:57am May 4, 2023 10:57am
Quoting Mitiblotch
{quote} You are not scared of gold? I only trade that pair when I am crazy sure
always scared but if close all I can trade soft all quarter
People don't plan to lose. They lose because they don't plan.
  • #744,189
  • May 4, 2023 10:57am May 4, 2023 10:57am
Also just noticed that the last spike in GU happens to represent about a 150-point stop hunt for someone targeting the previous GU swing price
  • #744,190
  • May 4, 2023 11:04am May 4, 2023 11:04am
Quoting BrainBucks
A retrace made by, with, and from pure wickedness
i'm madly in love with you Ms BrainBucks: even just from the way you speak alone; the way you sound...
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: 8.4%
  • #744,191
  • May 4, 2023 11:09am May 4, 2023 11:09am
Quoting surgeon
{quote} i'm madly in love with you Ms BrainBucks: even just from the way you speak alone; the way you sound...
lol
People don't plan to lose. They lose because they don't plan.
  • #744,192
  • May 4, 2023 11:11am May 4, 2023 11:11am
Quoting surgeon
{quote} i'm madly in love with you Ms BrainBucks: even just from the way you speak alone; the way you sound...

you need watching married at first sight or something?
Insane in the Brain..
  • #744,193
  • May 4, 2023 11:12am May 4, 2023 11:12am
Quoting dantpm
Also just noticed that the last spike in GU happens to represent about a 150-point stop hunt for someone targeting the previous GU swing price
spiking again.. need 126 to either crack or bounce right the way down to 12450
Insane in the Brain..
  • #744,194
  • May 4, 2023 11:15am May 4, 2023 11:15am
Quoting DrDave
{quote} And therein lies the Enigma of Elliott Wave labeling.
Yes, enigma...but that was also decrypted.. Sometimes it's hard to identify but there are other approaches to trading...EWP is just one of many and not my only one
  • #744,195
  • May 4, 2023 11:16am May 4, 2023 11:16am
Quoting BeeTogether
{quote} spiking again.. need 126 to either crack or bounce right the way down to 12450
GU overbought spiking and DXY oversold spiking. Pretty sure it will turn around in this area but hey.
  • #744,196
  • May 4, 2023 11:18am May 4, 2023 11:18am
Quoting thevisitor
{quote} Sorry, but your labeling is wrong... 1.2650 next
Edit..1.2670 to 1.2710
  • #744,197
  • May 4, 2023 11:24am May 4, 2023 11:24am
They are setting up a 40-point range in GU to prevent scalping!
  • #744,198
  • May 4, 2023 11:25am May 4, 2023 11:25am
ECB: Adding a 25bp hike in September – Danske Bank
maybe this is the reason for the spike up
  • #744,199
  • May 4, 2023 11:28am May 4, 2023 11:28am
Quoting karankeni
ECB: Adding a 25bp hike in September – Danske Bank maybe this is the reason for the spike up
Don't see a possible September event causing a significant spike today
  • #744,200
  • May 4, 2023 11:29am May 4, 2023 11:29am
Quoting eyefeelsix
{quote} the price will flow like water, he will looking for the path of least resistance {image}
if God permits the price will reach 1.2800 in the future.. Cya!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH12.png Size: 26 KB
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