Cable
GBPUSD: Bears still lurking?GBPUSD
Intraday - We look to Sell at 1.1485 (stop at 1.1580)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A Doji style candle has been posted from the high. A lower correction is expected. Previous resistance located at 1.1495. Preferred trade is to sell into rallies.
Our profit targets will be 1.1210 and 1.0880
Resistance: 1.1495 / 1.2115 / 1.2670
Support: 1.0880 / 1.0325 / 1.000
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GBP/USD Probability for 13/10/22 15min TFI mention that till Fri we can expect consolidation and I think that is what is going to happen today.
I'll watch out for CPI news at 8.30 NY time. I think that due to the increase in interest rate last month, inflation will start to decrease which means $$$ will get stronger and other currencies weaker. I'll expect sharp move to downside at 8.30 first and price will slowly go up after that with another 0.30% to 0.50% to take home.
Let's see if that plays out.
IMBALANCE REACHED As I was mentioning a week ago (FVG) Imbalance was reached yesterday afternoon. Now I expect consolidation for a couple of days and then a sharp move to the downside during FED CPI News. After that price should go up to the 1.14800 level or thereabouts.
At the moment I'm Long for today.
GBPUSD NEXT BIG TURNAROUNDHi there,
I hope you will find what I do extremely intriguing:
In the global markets (on any chosen or given market such as Forex), I am extremely accurate at
predicting the exact dates and times a Major continuous directional movement will begin, and
also when that movement will end.
It has taken me around 4 years of non-stop, daily study and in-depth research into the markets to
achieve this skill.
Here is the next biggest move on cable.
gbpusd - Begin trade - wednesday 19th october - 05.00 - end trade tuesday 00.00 - monday 24th
october
GBPUSD next big movement! Hi there,
I hope you will find what I do extremely intriguing:
In the global markets (on any chosen or given market such as Forex), I am extremely accurate at
predicting the exact dates and times a Major continuous directional movement will begin, and
also when that movement will end.
It has taken me around 4 years of non-stop, daily study and in-depth research into the markets to
achieve this skill.
Here is the next biggest move on cable.
gbpusd - Begin trade - wednesday 19th october - 05.00 - end trade tuesday 00.00 - monday 24th
october
Joe Gun2Head Trade - Sterling weakening, lower prices expected.Trade Idea: Selling GBPUSD
Reasoning: Sterling weakening, lower prices expected.
Entry Level: 1.1163
Take Profit Level: 1.0933
Stop Loss: 1.1245
Risk/Reward: 2.89:1
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GBPUSD Daily Projection 07/10/22GBPUSD
GBPUSD has broken through its MA100 again and is waiting for a confirmation of the downtrend again. The cable is currently in the range of 1.10793 - 1.12016 and looks set to make a price correction today after yesterday's support break. With yesterday's increase, GBPUSD has finished making price corrections in all timeframes, so the potential for GBPUSD to continue its downtrend is very large. NFPs later tonight can speed up this process so be careful about entry.
We got SL yesterday. do SELL LIMIT 1.12395 SL 1.12912 TP 1.10857
R3 1.13502
R2 1.13025
R1 1.12520
PV 1.12016
S1 1.10793
S2 1.09196
S3 1.07258
GBPUSD LONDON OPEN 06/10/2022GBPUSD retraced after the drop yesterday, if price continues to trade below 1.5043 which is my major resistance, then i will be looking to short GBPUSD down to 1.1226. then if this support breaks expect more downside.
though am looking forward for more retracement to 1.1380 - 1.1406 before dropping down.
GBPUSD is in the Supply Zone, good for SELL.GBPUSD Daily = Downtrend.
Cable ( GBPUSD ) is in the Supply Zone , most likely will going down turn to Demand Zone (1.07650 - 1.0888).
I prefer Short / Sell entry in Supply Zone (we should find the smallest Supply Zone for Sharp / Sniper Entry) with Stop Loss @ 1.7700 and TP #1 = 1.1220 & TP #2 = 1.0900 (Swing Trading).
GBPUSD Today's Projection 04/10/22GBPUSD
GBPUSD rose and reached the range 1.13025 - 1.13502 after successfully breaking out yesterday. Today most likely the Cable will make a minimum price correction to support 1.13025 or to 1.12520 before continuing its rise to resistance 1.14139 while waiting for the MA20 to make a golden cross with its MA100 and confirm the full uptrend.
Possible to take
Doing BUY on this pair does not get a good RR.
R3 1.14139
R2 1.13695
R1 1.13502
PV 1.13025
S1 1.12520
S2 1.12016
S3 1.10793