GBPUSD 23rd April 2019

[vlad]

4h; this is high quality stuff; Anil's fantasy lines can never come near this

[fxMarshal]

Very Good prediction
it goes your way

thanks for sharing with us

[Karma]

GBP from 12480-13380 is at about 50% consolidation 12900, there is support within 12800-12900 price zone, iF price fails below 12800 then likely going to see lower support zone between 12700-12630 or even upto 12550-12520.
There are a couple of setups that are probable, however for now its in a consolidation zone.

[fxMarshal]

Karma in the room,
Pound under control !

[emene]

4h; this is high quality stuff; Anil's fantasy lines can never come near this

Yeah, good lads. And fun.

[Karma]

GBPUSD 1HR TF in consolidation caution warranted as price at resistance zone 13080, break above here and upper resistance zone = 13120-13180.
should 13180-13200 be breached then expect 13280... Fomc and volatility today, caution warranted.

[vlad]

GBPUSD 1HR TF in consolidation caution warranted as price at resistance zone 13080, break above here and upper resistance zone = 13120-13180.
should 13180-13200 be breached then expect 13280... Fomc and volatility today, caution warranted.

die gu

[Karma]

GU ain't gonna die, it is immortal

[vlad]

GU ain't gonna die, it is immortal

anil margin was long gu and long eu in lw today

[Karma]

GBPUSD tagged 13185 where the X wave upside resistance zone was , now it has started its last move lower however it could be in consolidation and another move higher is still possible upto 13280-13300. gbpusd is in consolidation from 12865-13185, support zones =13030-12990, breach lower then 12935-12890, breach below 12865 then expect 12825-12780 or upto 12710-12670.

Alternative scenario if X wave is still not complete then 13030-12990 or 12935-12890 support zone should hold and then a break out of 13150-13185 should target prices resistance upto 13280. see chart for both probable scenarios

[Karma]

GBPUSD is currently testing support zone 12935-12890, break below 12890-12865 then 12825-12780 or 12710-12670 probable.

[vlad]

GBPUSD is currently testing support zone 12935-12890, break below 12890-12865 then 12825-12780 or 12710-12670 probable.

hopefully this sucker continues to go down; it made vlad lots of money

[fxMarshal]

btw it becomes to benny's fib


let see reaction. I've post it in FX-mastering experimentals

[oldmate]

I'm still shorting GBPUSD. Looking at weekly demand zone as profit target

https://www.tradingview.com/x/eaJMwA46/

[fxMarshal]

GBPUSD is currently testing support zone 12935-12890, break below 12890-12865 then 12825-12780 or 12710-12670 probable.

ok Karma we are now in 12710-12670 , what will go forward ?

[Karma]

GBPUSD is currently testing support zone 12935-12890, break below 12890-12865 then 12825-12780 or 12710-12670 probable.

ok Karma we are now in 12710-12670 , what will go forward ?

Gbpusd IS at C 12660=A@100% and also 78% of 12440-13385, weekly daily charts are showing signs of downside, however 12600-12620 likely support for consolidation higher, upside resistance = 12880-12930 then lower back to test 12520-12440 where C 12520=A@127%, Breakout BELOW 12440, lower support likely where C 12340=a@162%.

13385-12865-13178= 12660(100%), 12520(127%),12340(162%)...
caution warranted as price at inflection point for consolidation between 12660-12600, breakout above 12720 required for upper resistance = 12800-12840, then 12880-12920.
breakout below 12620-12600 then 12520-12440 and lower price probable.

[Karma]

GU tagged 12620-12600 price zone and now has started consolidation, upside price= 12730-12750 for the 1st phase, it could be either a 3 wave or a 5 wave upside which will only be the A wave of the entire price from 13185-12605 then expectation for a B and C to complete before lower prices.

keep in mind the downside is currently in a C/Y wave where the consolidation can be complex and short, 12605 has the potential for completion for now, however 12811-12605 can be count as either 12345 or abc and prices tagged 12708 50% as of writing and I will have to reassess my outlook due to change in price structure, but expect upside resistance = 12730-12750.

[Karma]

GBP is going lower not looking good unless upside 12755 breached, lower prices zone= 12520-12320

[Karma]

GBPUSD is at a criticall price zone 12600-12500, Previous price resistance of 12755 had been tested at 12764 but failed there and now testing the lower support zone 12559, break below 12559 & 12500 then gbpusd will get to the next price zone of 12200. next few days will be volatile, downside probable for a test of 12500, break below 12500 then 12200 probable.

[Karma]

GBPUSD from 13385 is in the process of completing A,B,C, where a=12866, b=13178, c= 12665@100% exceeded, 12526 @127%/12461@138% or upto 12338@162%.

short term 12550-12560 is critical support zone, break below here then 12500-12440 and up to 12200 price zone.

break above 12750-12760 then 13030-13050 resistance zones.

[Oxygen]

If go through 1.32... then we are very likely see to 1.36 ...

[fxMarshal]

If go through 1.32... then we are very likely see to 1.36 ...

Oxygen, I love Your pretty charts ,
trade looks so easy

[Oxygen]

If go through 1.32... then we are very likely see to 1.36 ...

Oxygen, I love Your pretty charts ,
trade looks so easy

You mean petty, chart right?!!!

[Karma]

GBPUSD tested 12500(12507) and then had a nice rally upside upto 12730's today, still has some upside upto about 12800's

from 13385 to 12500 there are 3 wave down 123 or abc/wxy and now in the 4th/X wave therefore if 4=2 then 12800's resistance and then the 5th wave lower to 12200.

from 13178-12500 then upside resistance = 12760-12800, 12860-12930,13040-13100, price nearing 12760 lower resistance band, consolidation probable.

[Karma]

2nd option for GBPUSD from 13178,see chart for label, however 12507 could have completed 1 wave of 5 th for an ending diagonal and now in the 2/B wave fo the 5th wave.

these are expectations and upside is probable 12760- 12800 then needs to be assessed.

[fxMarshal]

If go through 1.32... then we are very likely see to 1.36 ...

Oxygen, I love Your pretty charts ,
trade looks so easy

You mean petty, chart right?!!!

I'm proffessor in english, my friend ,
i've just check for synonymous
cute
nice
good
lovely

[niclas]

Be participant rather anticipate

GBPUSD.png (91.59KiB)Viewed 217765 times

[Karma]

Since the last post where I was looking for an ending diagonal and I was looking for a "B" wave high at 12780-12800, price tagged 12795 then turned lower and has since continued lower.

price are within a probable price low at 12180-12200 low as there is a confluence of price support , break below this low then expect 11860-11920 as next price support, however 11905 is where the last major low in oct 2016 occured but in some charts the low is at 11450.

Break below 11920-11900 then expect 11445 as this is where 14378-12438(A)-13385(B)= 11445(C)at 100%.

12180-12200 & 11860-11920 are probable support levels.

The ending diagonal is still valid if price support at 12180-12200 holds, break below here then the ED will be invalidated and an alternate count of 1/2/3/4/5(WXYXZ) will be required to complete the structure to lower price support below 11920-11860 or 11500-11445.

[Oxygen]

EURUSD did go below 1.1, GBPUSD why not?!!

[Karma]

GBP dropped to 11450 turned higher and has started to drop... see chart

price support at 11200-10817, next at around 10400-10350 and finally 9850-9520

there is a option of a flat if prices hold 11200-11000, be careful as it's a volatile market and it take you on a wild ride either to regret or enjoy the ride

[Karma]

chart could not upload, done a rough sketch, you will get if not now then later