Cable Update (GBPUSD)

Are we going to see the same exact pattern as yesterday?
Up during NY session then downhill whole day.

Consider everyday a new independent day, Since things keep changing on daily basis which may trend the market against you and the bigger picture and you will be stopped out in that process.
Well my point wholly depend on what type of trader you are. my view are for intraday and medium term range trader who will hold a position for maximum 2 days. if you are long term, then you just try to find a good spot for entry and let the machine print the $$$ for ya.

Only 1 thing you take with you everyday is to keep in mind where the sentiment are heading. What folks are expecting! From this, any TA spot agree with your view, you jump in. But you need to be flexible on the sentiment also since thing keep developing on a daily basis.

Hope that help mate

Football, how very dare you,...I have standard's

UJ
Aint that another form of QE?
Japan Govt debt to GDP ~250%. Now another Budget!

What they say vs what they are doing, never support each other!

They dont want to see ultra weak yen and want to intervene but...

Short gu no tp and no sl!!!!

Bulls are in charge. No shorting at the moment. This beast may land at 1.16 by tomorrow. Trade safe.

Trade safe yourself!!! The bears are here. big downtrend.

I have my safeguards placed I am ready for the bears too.

As do I wizman!!!!

GU

Spike done to BSZ.
Waiting to go LONG N3.
All set up to fill up liquidity to Compression zone.

GU

Compression set up after BSZ.
Price pulling back to FVG.
Waiting for Sniper N3

I am waiting for the ulkranian attack on the N1 myself!! LOL

Rugby it is......The Crabs ?

Getting a bit cocky since leading England top of of the table..

Are you still playing for Salcombe or moved to Dartmouth ?

today, 1350 may break.

Let us see LO

In my opinion, everything is ready to climb & see the prices of 1.15345 & even 1.16100. Of course, if we don't return to the 1.1300 area & it doesn't fail again like all bullish analysis....!!!! H1 chart says another drop, but let's see if it aligns with the 15M - 30M & the price goes up or not

Whats goin to happen to GU, the EU chart depicts it clearly.(Range BO- Range high => Support)
These two highly correlated +vely
while GU and UC varies inversely.
Using GU, EU, UC chart will give you 3 technical confirmation.
With FED to stay at 75bps hike(while swap priced in 100bps)
and BOE went from 50bps to 75bps this week, GU will fly for Today.

But just before the rate decision, approximately 1 & a 1/2 hrs prior the release look what the PA is telling and where the PA is.
Is it at Resistance (upward is being rejected/not being rejected) or Support, then Trade accordingly.

In the chart we can see, from 12thSept EU trend Up, the rejection occurred at green resistance zone like 2hr before, then i think that was US CPI data release date, buyers are trapped in Titanic and then banks took them all deep in the ocean.

I called it the 1hr 30 rule.
Cause bank loves to trap folks on the opposite side, before the news and use the news to go opposite retails.
Well it is not a 'sure-thing' but it worked majority of the time.

Any rule like this you used, please do share.
Always happy to hear different views and opinions.

Curious what you see that is so bullish in GU???

He just explained

if you explain again to him your secret will not get angry

Closed my long, waiting for another drop to go long.
Kinda bumpy upwards in the morning.