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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

when traders consider gaps my rule of thumb is , a positive swap is better than a negative swap , a gap is more likely fill if positive swap because they don't like paying out the swap , broker traps can be made a round a negative swap because they collect and can and will drag them out so stop losses can be collected , when trading a in-depth look at the bigger picture is the key to be a successful trader
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
Buy limit 1.2405
SL 1.2390
TP 1.2550

Bullish

FXSSI.com is neutral
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: -2.1% BTC/USD NASDAQ
Quoting Phil_GMT
Buy limit 1.2405 SL 1.2490 TP 1.2550 Bullish FXSSI.com is neutral
You might have a typo
Quoting Aussi
when traders consider gaps my rule of thumb is , a positive swap is better than a negative swap , a gap is more likely fill if positive swap because they don't like paying out the swap , broker traps can be made a round a negative swap because they collect and can and will drag them out so stop losses can be collected , when trading a in-depth look at the bigger picture is the key to be a successful trader
Where do we get that swap in-depth data, sir?
Not afraid to be wrong, ik what am goin to lose!
Pure conjecture.
Last week the US had a spike in employment.
This week we will see a smaller spike in unemployment.
It should weaken the US$.
Quoting dantpm
Pure conjecture. Last week the US had a spike in employment. This week we will see a smaller spike in unemployment. It should weaken the US$.
Especially we dont have another Red Data today for the US
Not afraid to be wrong, ik what am goin to lose!
Quoting dantpm
Pure conjecture. Last week the US had a spike in employment. This week we will see a smaller spike in unemployment. It should weaken the US$.
This would mean unemployment claims coming in below forecast? If so I'd have thought that would make USD stronger considering rate hikes are the dominating force apparently.
Quoting Orangeapple
{quote} This would mean unemployment claims coming in below forecast? If so I'd have thought that would make USD stronger considering rate hikes are the dominating force apparently.
This would suggest unemployment claims coming in above forecast.
Cable is just ranging for now so it’s to wait for a clear direction.
Quoting epzero
Cable is just ranging for now so it’s to wait for a clear direction.
A GDP q/q revised down for EUR will drag GBP with it
Given Germany GDP q/q revised was -0.3% down from 0.0% for Q1 2023, therefore it comes with greater chance for a negative revised for Eurozone.
Not afraid to be wrong, ik what am goin to lose!
Quoting Scotteyy
Long in at 12440, SL 12420, TP open. Will hold overnight.
Have set target at 12540. Will watch price action at 12500 area.
...the prev 1hr sw hi zone to asian/current dly hi is the present upside obstacle for bulls, = prev res = pot res. Bullish follow-thru on that last inverted hammer close, 1hr due to close imminently.


1hr below
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Intraday swing trader @ 1Hr+ supp/res & 5min+ sbr/rbs, via 1min+ set-ups
Quoting dantpm
{quote} This would suggest unemployment claims coming in above forecast.
Right. I was just thinking though if we've had a spike in employment this should logically lead to the reverse in unemployment claims - idk though - I'm still betting it comes in below forecast - we'll see
adding sells now, current price
TP raised to 125, SL at b/e 12448 in place
...the 4hr part of the prev 1hr/4hr sw hi zone to y/day's 2500 current wkly hi is wide, = prev res = pot res.

4hr below
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Intraday swing trader @ 1Hr+ supp/res & 5min+ sbr/rbs, via 1min+ set-ups
1.2475 defend..add short..prepare big move in 30min
~ Keep Calm and Trade Carefully ~
Quoting mysterio
adding sells now, current price
might be wrong ofc. stop remains at 1.25 from original sells. will add one more once m1/m15 starts trending.
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...could see supply emerge up to y/day's 2500 hi if tested?
Intraday swing trader @ 1Hr+ supp/res & 5min+ sbr/rbs, via 1min+ set-ups
Quoting epzero
Cable is just ranging for now so it’s to wait for a clear direction.
the GU has been buying from 1.24000 and currently crossing the 1.245ish resistance zone aiming for 1.25ish perhaps only a day trader will be out waiting for clear direction.
Keep the Lights on then you can catch the rise from the dark.
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