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Cable Update (GBPUSD)

  • #777,681
  • Sep 24, 2023 10:20am Sep 24, 2023 10:20am
Quoting Headland
{quote} Hi. Err Well that is what seems to happen with a piece of elastic isn't it,? and if you extend that analogy to a financial instrument that is 'over-stretched' then yeah it would make sense. Personally, I have no empirical large-sample evidence to support the theory one way or another, (others may have,) but anecdotally/observationally it seems to make sense?
thanks!
"No trade is still a trade." - Peter Borish
  • #777,682
  • Sep 24, 2023 10:24am Sep 24, 2023 10:24am
The price in daily time frame is below resistance. I expect a selling show at start of the week below 1.2250 but there is a very strong support area from 1.2210 to 1.2180 and if it held i expect it will be turning point for a bullish run. Let's wait and see
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #777,683
  • Sep 24, 2023 11:36am Sep 24, 2023 11:36am
Quoting Tpak
The price in daily time frame is below resistance. I expect a selling show at start of the week below 1.2250 but there is a very strong support area from 1.2210 to 1.2180 and if it held i expect it will be turning point for a bullish run. Let's wait and see
maybe the trend channel can confirm a possible reversal.
because wherever the price is, it always takes place in a trend channel, in a specific time frame.
  • #777,684
  • Sep 24, 2023 11:52am Sep 24, 2023 11:52am
in my opinion there are two weekly levels that could trigger a reversal.
We are very near the first one.
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in wondering about yourself, you forgot what you came here to be part of
  • #777,685
  • Sep 24, 2023 11:54am Sep 24, 2023 11:54am
well gentlemen..after a long exhaustive and sleepless night handicapping NFL teams and chart TA ive placed all my bets on todays games and still think this week will turn out to be a green candle

i even have targets of 2380 and even up to 2550 on daily chart

its game time so ill be back tonight
short trump and go long the deepstate
  • #777,686
  • Sep 24, 2023 12:07pm Sep 24, 2023 12:07pm
Got another account. Ready for the next week.
Going slow and steady with discipline now.
Secret to the Price Action is Liquidity.
  • #777,687
  • Sep 24, 2023 12:23pm Sep 24, 2023 12:23pm
Quoting iusman23
Got another account. Ready for the next week. Going slow and steady with discipline now.
Trade the smallest lots you can, promise me...
  • #777,688
  • Sep 24, 2023 12:52pm Sep 24, 2023 12:52pm
Quoting Wavegarrick
{quote} Spring loaded buy trade setup. {image}
The truth is a no brainer. I am down. Out, we shall see in the coming week. 1.2200 to 1.2300 should be some focus in the coming week. Above and below area point of focus could mean something. Ms3 at 1.22392 is significant with one week to go to month end. No definitive answers but pure laws of gravity, we shall see.
Have a great week.
Cheers.
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Trade to trade another day
  • #777,689
  • Sep 24, 2023 1:25pm Sep 24, 2023 1:25pm
Quoting Waveskierrob
{quote} Trade the smallest lots you can, promise me...
Okay, I will never trade more than 0.3 lot per trade till I get my first payout and I can minimise wrong trades. I promise. xD
Secret to the Price Action is Liquidity.
  • #777,690
  • Sep 24, 2023 1:31pm Sep 24, 2023 1:31pm
Quoting iusman23
{quote} Okay, I will never trade more than 0.3 lot per trade till I get my first payout and I can minimise wrong trades. I promise. xD
Great...Will sleep easy tonight....
  • #777,691
  • Sep 24, 2023 1:39pm Sep 24, 2023 1:39pm
Quoting Waveskierrob
{quote} Great...Will sleep easy tonight....
Here I am waiting for the market to open, I really find trading as fun and skill.
Secret to the Price Action is Liquidity.
  • #777,692
  • Sep 24, 2023 1:56pm Sep 24, 2023 1:56pm
Quoting LongTrmTrdng
{quote} FXPRO Will Do I Have used it Deposit and Withdrawal Smooth
Thank you so much, will give it a go.
  • #777,693
  • Sep 24, 2023 3:06pm Sep 24, 2023 3:06pm
Time to trade this week, looking to see how market behaves for Monday . Good luck to all
Master your mind. Master Trading.
  • #777,694
  • Sep 24, 2023 3:10pm Sep 24, 2023 3:10pm
Weekend Gap up +20pips
  • #777,695
  • Sep 24, 2023 3:32pm Sep 24, 2023 3:32pm
If you are tracking the GBPUSD this week, consider this technical outlook by a medium-term swing trader. GBPUSD price action on the daily time frame restored its bearish mode after breaking down a minor area of consolidation on Wednesday. This was followed with a bearish breakdown of the 1.24100/1.23120 horizontal support zone (blue) seen on the weekly time frame. Although, presently, price action is at another horizontal support area, which is not as significant as the 1.24100/1.23120 zone, any northward move would be corrective and temporary as the technical structure is bearish.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #777,696
  • Sep 24, 2023 3:49pm Sep 24, 2023 3:49pm
Quoting Jolita
Weekend Gap up +20pips
where
  • #777,697
  • Sep 24, 2023 3:52pm Sep 24, 2023 3:52pm
Quoting shakmoney
{quote} where
IG markets opens 1hr earlier and closes 1hr later
  • #777,698
  • Sep 24, 2023 3:54pm Sep 24, 2023 3:54pm
Spread is 20pips
  • #777,699
  • Sep 24, 2023 5:28pm Sep 24, 2023 5:28pm
GU short 1.2245

Let's close the gap
You have to have an IQ higher than 90 to interact with this user.
  • #777,700
  • Sep 24, 2023 5:32pm Sep 24, 2023 5:32pm
Quoting Nordling
GU short 1.2245 Let's close the gap
no gap
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