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- Tunapar01 replied Apr 14, 2021
70-100 pips correction is likely at 1.3820 area. Although since Monday I have gone long on GU at 1.3680 with Tp at 1.3900 which will remain unchanged based on the weekly chart, I suspect a minor correction based on the daily chart and the fact that ...
Cable Update (GBPUSD)
- Tunapar01 replied Apr 14, 2021
70-100 pips correction will like occur around 1.3820 area.
Cable Update (GBPUSD)
- Tunapar01 replied Apr 9, 2021
GU is still trending high on the weekly chart. It should go higher from now but I will wait until Monday. However, if price drops to 1.3660 area, I will definitely buy for 240 pips gain over next week. Take profit is 1.3900. Trade safe.
Cable Update (GBPUSD)
- Tunapar01 replied Mar 23, 2021
[quote=Benton;13465111] Exactly, market reacted accordingly especially AUD and NZD. Like you said, the surprise is over, dxy should fall now.
Cable Update (GBPUSD)
- Tunapar01 replied Mar 23, 2021
I am suspecting Powel won't shake the market today. What would he say that he hasn't said before?
Cable Update (GBPUSD)
- Tunapar01 replied Mar 23, 2021
@Moty my friend, did you survive the drop without margin call?
Cable Update (GBPUSD)
- Tunapar01 replied Mar 23, 2021
[quote=Benton;13464876]Yields has dropped a lot. So I don't believe that DXY would rise a lot! So GU dropping from here should be limited! I bought at 1.3762,[/quoIn my opinion, I think the reason for the drop across all currencies but yen and ...
Cable Update (GBPUSD)
- Tunapar01 replied Mar 23, 2021
Buy limit at 1.3750 Tp at 1.3810. SL ar 1.3833. Watch out
Cable Update (GBPUSD)
- Tunapar01 replied Mar 22, 2021
Don't overtrade buddy. After hitting one's target I believe it is better to stay on the sideline until a very perfect opportunity arises.
Cable Update (GBPUSD)
- Tunapar01 replied Mar 19, 2021
Exactly! Price will drop like a stone when it breaks. It is getting overdue but I am still riding the trend with caution.
Cable Update (GBPUSD)
- Tunapar01 replied Mar 18, 2021
Moty, I respect your openness. I respect that you admit your deficiencies as well and ready to work on them. Overall, I respect you as a trader. I have learnt one or two things from you.
Cable Update (GBPUSD)
- Tunapar01 replied Mar 18, 2021
As predicted, price can't even break 1.3940 even after BOE decision. Better to wait until NY open before jumping in.
Cable Update (GBPUSD)
- Tunapar01 replied Mar 18, 2021
Smart! I think it is better to get out before BOE
Cable Update (GBPUSD)
- Tunapar01 replied Mar 18, 2021
"it can go anywhere", this is the keyword. But I don't see anything pushing price below 1.3940 before BOE decision which I predict will take price somewhere beyond 1.4000. Anyway this is just my analysis. I met my target for the day and my week is ...
Cable Update (GBPUSD)
- Tunapar01 replied Mar 18, 2021
It is not a clear break man. Price action is still in favor of GBP at least until BOE decision which I guess will take it further North.
Cable Update (GBPUSD)
- Tunapar01 replied Mar 18, 2021
In my opinion it is too soon to opt for negative rates at the moment. BOE will want to see the effect of her present monetary policy at least until May before deciding on anything. Besides, UK data are not too bad.
Cable Update (GBPUSD)