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Cable Update (GBPUSD)

  • #754,341
  • Jun 26, 2023 7:45pm Jun 26, 2023 7:45pm
Coming into Tuesday with a bullish GBP bias, but it's going to be a mad day considering all the economic releases. The thing that sticks out to me is the consensus on consumer confidence. It is expected to come in higher than the previous report, which doesn't make sense to me because unemployment has been rising and the full report on orders showed both current and future demand slowing down. The good thing is that we get another insight into durable goods orders, which could confirm my expectations. Also, I've got a dilemma with Canadian CPI; if it comes higher, will it pull USD up? My target is 1.2810 if the data comes in line with my expectations.
  • #754,342
  • Jun 26, 2023 8:38pm Jun 26, 2023 8:38pm
Quoting thevisitor
1.2680 in the cards as mentioned Weekly slightly bearish, monthly bullish 1.2750 to 1.2780 {image}
where are you visiting from???
  • #754,343
  • Jun 26, 2023 9:25pm Jun 26, 2023 9:25pm
support seems to hold, we could move up to the top of the range
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There is NO SHORTCUT to become a SUCCESSFUL Trader
  • #754,344
  • Jun 26, 2023 9:49pm Jun 26, 2023 9:49pm
Quoting Bella.al
{quote} A new day started below the pivot point 1.27150 . This puts the pressure on the bulls side . However, as bulls i do have 2 Support areas i can depend upon. 1. Normal MS1 : 1.26985 2. Bella's Support : 1.26914 [ this been good support since Friday and protecting my stop loss : 1.26873 ] When i look for new conditions Time Squaring the Date , there is nothing new so i am still holding long , the setup which i build to trade is still long which is depicted by Bella's OSC. Bella's Blue (beta v1.6 b ) {image}
Analyzing the current position using hourly chart . As you may know i am currently applying Bella's Date forecasting which are set of rules,concepts and setup loosely based on W.D Gann's Square of 9 . There are certain differences from Square of 9 .

Square of 9 = Time Squaring Price ( Dates and Prices , Pointing to Reversal )
Bella's Date Forecasting = Time Squaring Dates ( Time and Dates , Pointing to Reversal , Bella's Reversal Date )

Point is you may see some info that looks similar to W.D Gann Square of 9.

On the chart the reversal is predicted on 23.06.2023 using Time not Price. Bella's 13:38 PM GMT .

Resistance levels are :
1. 1.27690
2. 1.28260
Also noting Bella's Price Objective 1 : 1.27835 is on sight.

Bella's Date Forecasting (Chart )
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Goddess of Thunder..
  • #754,345
  • Jun 26, 2023 9:49pm Jun 26, 2023 9:49pm
Quoting Ferna
{quote} the transaction cause the price movement, the news set up the conditions for it.
Agreed
Because very often, i'd say majority of the time, before something get release, price is already at a psychological liquidity level.
If not, price run to touch it and go in favour of the effect of the news (bad or good)

Or
Prior the news, an accumulation happened, when you look in the past, you will see, this or that happened, then the news release, the movement of the news become evident because of the couple PA formation prior the news.
More time in the market, does not mean you trade better!
  • #754,346
  • Jun 26, 2023 10:21pm Jun 26, 2023 10:21pm
Short in 1.2730 next 1.2710 tp1 1.2700 tp2 1.2670
  • #754,347
  • Jun 26, 2023 10:40pm Jun 26, 2023 10:40pm
H1 timeframe show BUY GU till 1.27430
study of behavior and mind,conscious and unconscious
  • #754,348
  • Edited 11:40pm Jun 26, 2023 11:17pm | Edited 11:40pm
Nothing new
price is accumulating still

LTF showing bullish activity since yesterday set of HL’s
Asia left fresh supports. between 1.271-1.2718
If price will take both of them out with hourly close I’m out.

If you are a bull the best price to long for is 1.276X
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  • #754,349
  • Jun 26, 2023 11:48pm Jun 26, 2023 11:48pm
Quoting thevisitor
1.2680 in the cards as mentioned Weekly slightly bearish, monthly bullish 1.2750 to 1.2780 {image}
Attached Image (click to enlarge)
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  • #754,350
  • Jun 27, 2023 12:07am Jun 27, 2023 12:07am
We need a sustained break above this trendline.
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  • #754,351
  • Jun 27, 2023 1:08am Jun 27, 2023 1:08am
Quoting Bella.al
{quote} Analyzing the current position using hourly chart . As you may know i am currently applying Bella's Date forecasting which are set of rules,concepts and setup loosely based on W.D Gann's Square of 9 . There are certain differences from Square of 9 . Square of 9 = Time Squaring Price ( Dates and Prices , Pointing to Reversal ) Bella's Date Forecasting = Time Squaring Dates ( Time and Dates , Pointing to Reversal , Bella's Reversal Date ) Point is you may see some info that looks similar to W.D Gann Square of 9. On the chart the reversal is...

I updated the previous chart with some new info which is part of Bella's Date Forecasting analysis , i am also working on side with Bella's Trend-025 and Bella's Hot Zone so it took some time to complete the analysis chart.
There are now recent 3 Pivots on the chart, Unfortunately, by the time i completed my work i am on pivot 3 . i did took the short on 19th that provided +51 Pips. The new position is from 23.06.2023 and is Long , looking to take out 1.28478 High which is placed on 16.06.2023

Bella's Date Forecasting.
Attached Image (click to enlarge)
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Goddess of Thunder..
  • #754,352
  • Jun 27, 2023 1:17am Jun 27, 2023 1:17am
Quoting Ferna
{quote} CAD like GBP is right where they started, +/- 0.01% today. I'm thinking CAD/JPY cannot go any higher, there is nothing higher than 100 pips above today since 2007. And BoJ are intervening.
I’m seeing the future of any currency and outcome of the country’s economy with what I have discovered. I can successfully allocate numbers in their interest rates and so on, if I wish I can successfully run a news site. Can you see the CADJPY , CADCHF and USDCAD now ?

Before the start of the week. I predict CAD to be one of the strongest currency of the week and advise to focus on CAD pairs.

On Sunday I said:
CADJPY LONG
USDCAD short
CADCHF LONG.

check what’s is happening now ?
My telegram: https://t.me/avidforex
  • #754,353
  • Jun 27, 2023 1:26am Jun 27, 2023 1:26am
Quoting BigNumbers
{quote} I’m seeing the future of any currency and outcome of the country’s economy with what I have discovered. I can successfully allocate numbers in their interest rates and so on, if I wish I can successfully run a news site. Can you see the CADJPY , CADCHF and USDCAD now ? Before the start of the week. I predict CAD to be one of the strongest currency of the week and advise to focus on CAD pairs. On Sunday I said: CADJPY LONG USDCAD short CADCHF LONG. check what’s is happening now ?

Cadjpy looks abit stretched to me!!!
  • #754,354
  • Jun 27, 2023 1:29am Jun 27, 2023 1:29am
1.27000 is unbreakable
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yes yes yes
  • #754,355
  • Jun 27, 2023 1:34am Jun 27, 2023 1:34am
Quoting ninner
{quote} Cadjpy looks abit stretched to me!!!
From a retailer’s point of view it is overstretched. CADJPY is likely going to do 1000 pips… from what the Algorithm is delivery but how ever, it is not going to be a straight line up. The market moves in waves. It will go up then pulls back to find support but When you look at the chart at the end of 3 months you’ll see a big uptrend.
My telegram: https://t.me/avidforex
  • #754,356
  • Jun 27, 2023 1:37am Jun 27, 2023 1:37am
Quoting BigNumbers
{quote} From a retailer’s point of view it is overstretched. CADJPY is likely going to do 1000 pips… from what the Algorithm is delivery but how ever, it is not going to be a straight line up. The market moves in waves. It will go up then pulls back to find support but When you look at the chart at the end of 3 months you’ll see a big uptrend.
LOL OK...you still dont respond to my emails!!! LOL
  • #754,357
  • Jun 27, 2023 1:38am Jun 27, 2023 1:38am
@BigNumbers, excuse me if you have already answered this but I am curious, where are you getting your Algorithm data from?
  • #754,358
  • Jun 27, 2023 1:38am Jun 27, 2023 1:38am
Quoting sclpzmalay
H1 timeframe show BUY GU till 1.27430
Im out... Want to focus on UJ n Gold
study of behavior and mind,conscious and unconscious
  • #754,359
  • Jun 27, 2023 1:40am Jun 27, 2023 1:40am
Quoting ninner
{quote} LOL OK...you still dont respond to my emails!!! LOL
I’ll respond, I’m finding a suitable answer to your question.
Thanks for the mail
My telegram: https://t.me/avidforex
  • #754,360
  • Jun 27, 2023 1:43am Jun 27, 2023 1:43am
Quoting ninner
{quote} Cadjpy looks abit stretched to me!!!
cad/jpy.
I wait for a resistance level to form at the top, and then I scalp it.
M30-H1.
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