Maximum range of last 6 weeks attained (1.2437 - 1.2114) 323 Pips. 4 Hours RSI read 28.6 which reads extreme oversold. Take off after these scenarios are usually between 200 - 450 pips. 1.2314 - 1.2564 expected levels...

Cable Update (GBPUSD)

At the end many condescending and ephemeral traders will bite their own fingers. Everyone has a right to analyse and state his or her views but no one has any right to throw horrible tantrums when market goes their way with some pips. I still dare ...

Cable Update (GBPUSD)

I will give you a very useful clue as to why I said pound will surge to 1.23 in days and 1.35 within five months. Check the yearly opening price of GBPUSD from 2011 till 2019 price always moves above and below the opening price of the year by 250 ...

Cable Update (GBPUSD)

They want to attract as many sellers as possible before price will surge with so much aggression. I checked gbp/jpy and saw a a daily reversal pattern. The more the delay the more the bullish aggression will be. Patience is very important at this ...

Cable Update (GBPUSD)

Moty, I'm not also a fan of stop loss especially with this cable but can be helpful sometimes as you can jump out of a bad trade and enter new ones with clarity of direction. Now the question is what if the new one also goes bad? The only answer is ...

Cable Update (GBPUSD)

Exactly what I was trying to peach out... Let's be patient and watch this event unfold.

Cable Update (GBPUSD)

Here are last 6 weeks weekly ranges and recovery models 30/03/2020 High 1.2475 - 1.2204 Low = 271 pips range ... Close 1.2269 (recovery from low 65 pips) 06/04/2020 High 1.2486 - 1.2164 low = 322 pips range ... Close 1.2448 (recovery from high 18 ...

Cable Update (GBPUSD)

I will forward it to you.

Cable Update (GBPUSD)

Please read me earlier post 5 hours ago. I gave a detailed explanation. Cheers!

Cable Update (GBPUSD)

I always tell you all that I am not a scalper, I'm a swing trader, watch as the event will unfold

Cable Update (GBPUSD)

Finally the Bullish time to climb 1.23 and beyond is now upon us. I know I will get some thumbs down for this post but my strong view has to be shared anyway. Cheers

Cable Update (GBPUSD)

I work with ranges. Here are ranges of last 6 weeks.. 30/03/2020 High 1.2475 - 1.2204 Low = 271 pips range ... Close 1.2269 (recovery from low 65 pips) 06/04/2020 High 1.2486 - 1.2164 low = 322 pips range ... Close 1.2448 (recovery from high 18 ...

Cable Update (GBPUSD)

Glad to see another swing trader here... The monthly is now set for a fly, even a drop of additional 70 pips cannot hinder this aggressive surge. Here is the real bear trap. This is a game changer!

Cable Update (GBPUSD)

Weekly range of 250 pips already attained at 1.2186, monthly range also attained with 413 pips. Average weekly range is 230 pips, Average Month May Range is 430 pips... So reversal of 160 to 200 pips is imminent from today's low. Cheers!

Cable Update (GBPUSD)

A support at 1 2165/86 means 1.2353 between today and tomorrow. So your buy trades will recover

Cable Update (GBPUSD)

Game set.... Now we fly back 1.23 and above

Cable Update (GBPUSD)

These lows happened after price dropped to 1 1475 (October 2016 Flash Crash), this is a deep search. after this lows price dived to 1.2774

Cable Update (GBPUSD)

It is all a probability plan... There are ranges which are usually used to know if capacity to a particular direction has been attained and as it stands the capacity is 80% completed hence reversal to 1.2320 and even 1.2400 cannot be ruled out. I ...

Cable Update (GBPUSD)

Check weekly candle of 29/03/2020... The open was 1.2417 and a low 1.2204

Cable Update (GBPUSD)

This could be the last low as price may surge to 1.24 even today. Should this 4 hour candle show a long wick, then 1.2320 is definite today.

Cable Update (GBPUSD)