The expected Asia low Now upon us... Time to long 1.2205

Cable Update (GBPUSD)

I'm analysing it based on weekly ranges... Last four weeks weekly ranges are 320, 280, 253 and 220 pips... So far this week it has done 228 pips, it could stop here at 1.2209 low or could extend the range to 270 pips which means an aim at critical ...

Cable Update (GBPUSD)

Now there is a very big chance of 1.2165 happening in Asia... Last leg of drop before full retracement for rest of the week. Closing my buy at break even for a better buy at 1.2165 level.

Cable Update (GBPUSD)

Bought now at 1.2220 a much better price than the earlier closed 1.2330. Possible risk is 1 2160 possible profit is 1.2400.

Cable Update (GBPUSD)

Great job Navk.... I love your flexibility. Earlier in the week you forecasted a bullish week and then the market turned heavily bearish, still you adjusted accordingly. You earn my respect.

Cable Update (GBPUSD)

Should this hourly candle end bullish, which will also give the 4 hours candle a long lower wick, that is the bullish reversal for the rest of the week.

Cable Update (GBPUSD)

Should this 4 hours candle have a long lower wick, that will be the end of the bearish trend, failure to have a wick is invitation to 1.2164 before final take off.

Cable Update (GBPUSD)

Did take off my long at 1.2330 and did a sell there now exited at 1.2233. This may be the final drop before price surges back to 1.23 and beyond

Cable Update (GBPUSD)

Price will most likely end bearish around 1.24 this May. Month of May is usually bearish in nature with (check from average2010 till date) range of 400 - 600 pips and so far, it has done 350 pips with more 50 - 200 possible pips to complete monthly ...

Cable Update (GBPUSD)

You are right, a retest of 1.2164 makes a case for weekly range completion if 1.2437 high is maintained. 1.2437 - 250 (average weekly range) = 1.2187. From that same 1.2187 will make monthly range to be 410 pips... So 1.2164/87 is a good support ...

Cable Update (GBPUSD)

I have strong credence that a break out to the upside is very much upon us. This current down moves will trap the Bears as price will surge forcefully to 1.27 then some retracement back to 1.24 before 1.35 will be visited between August and October. ...

Cable Update (GBPUSD)

Spot on

Cable Update (GBPUSD)

I also expect it to bounce from here, the only challenge is that weekly range is not complete yet, which so far is 187 pips, so additional 30-100 pips to complete the range. Should this 1.2250 hold, the pair can still touch 1 2470 but should further ...

Cable Update (GBPUSD)

You mean price could plummet to 1.2220 before a final surge !

Cable Update (GBPUSD)

Selling at extreme low is even much more difficult.

Cable Update (GBPUSD)

It is easier to forecast when the current trend is in that same direction but do remember things can change quickly in this market. I'm not a scalper, my margin can even accommodate 1.20. cheers

Cable Update (GBPUSD)

It is a cycle, our time will come. Patience can't be too much.

Cable Update (GBPUSD)

These market makers want to turn swing traders to scalpers and also want Bulls to get fed up and strike the price up massively after many sell orders have been trapped down. I won't fall for this antics, I will hold my buy position for 1.25 and it ...

Cable Update (GBPUSD)

Opportunity to close shorts... A fly up looms

Cable Update (GBPUSD)

Minimum long target for the week. Only to be altered if 1.2280 is broken.

Cable Update (GBPUSD)