Bearish below 1.2669...

Cable Update (GBPUSD)

1.30 level will be seen around September /October. This price is due for a dump to at least 1.22 level before a rise to that 1.30 level.

Cable Update (GBPUSD)

Price cannot move in a particular direction without some form of reversal. Since last week high of 1.2669, price had attempted to break the high on 3 different occasions and couldn't break, hence price dropped to a low of 1.2479 which happened less ...

Cable Update (GBPUSD)

It's already getting to you mate. Take a break of viewing the market to get some clear mind. Below 1.2669 stays bearish and will not go directly bearish, it's all in the plan.

Cable Update (GBPUSD)

What about taking a short from 1.2545 here and set another sell limit at 1.2620 if it will ever get there... This a swing approach though. Price destination remains 1.2470 or below this week and 1.22 level this July IF 1.2669 AND 1.2720 LEVELS ARE ...

Cable Update (GBPUSD)

Here is post from yesterday when trading at 1.2620 level ... Still unchanged.

Cable Update (GBPUSD)

Do not be tricked, the target remains 1.2470 or more Lower for this week as far as 1.2669 level remains unbroken. It already did 1.2479, which a warning sign of what is to come. Still target 1.22 level for July as far as 1.2720 is unbroken. Any rise ...

Cable Update (GBPUSD)

This is for this week and July, not a specific day.

Daily Trading Ideas

There won't be a drop in GBPUSD without some delay and fight... As far as 1.2669 doesn't break, expect 1.2470 this week as the minimum level, while 1.2400 as the average level

Daily Trading Ideas

There is another theory entirely to the probability of occurrence, not subjected to previous weeks other than a set of hidden behavior the pair portrays. I will give a detailed response to Bones on it soon.

Cable Update (GBPUSD)

Patience... Find a distraction

Cable Update (GBPUSD)

This is the second question I will take some time to answer you. I will give the two answers via personal message.

Cable Update (GBPUSD)

Hi balleking, I do not make use of stop in my swing trades, I outlined 1.2720 as a psychological level that price may get to before a fall and also outlined 1.2817 level as maximum unlikely area before a fall also. There is no point placing a stop ...

Cable Update (GBPUSD)

Here is my take on GBPUSD for this week.. The last week did a new minimum weekly range of 211 pips being the lowest weekly range in the last 15 weeks (almost 4 months). The probable high for this week is 1.2720 (40% chance of occurrence) while ...

Cable Update (GBPUSD)

Well said

Cable Update (GBPUSD)

Navk, I'm trying to understand this.

Cable Update (GBPUSD)

Someone with large account size aiming for 10% daily return is recipe for disaster. While one cannot also dissuade traders with account sizes of $1000 not to want to aim for 10% daily which is the exact thing market needs to eat up everything they ...

Cable Update (GBPUSD)

With consistent 15% return on capital monthly, at compound growth, 450% return on balance is possible. There is no need to force the trades when the set up isn't crystal clear. There are defensive methods that can be applied which will give average ...

Cable Update (GBPUSD)

Well said.

Cable Update (GBPUSD)

Hold short... First target 1.2500...second target 1.2350... Third target 1.2200... THIS JULY ONLY

Cable Update (GBPUSD)