Cable Update (GBPUSD)

Lets go to the North Pole

Daily abc down swing is now broken to the upside , as soon as the i see the H1 start to trend up im long.

I don't think that last weekly can fail outright
tradable market condition is consolidation

they lowered rates out the blue ,the markets think that means more fiscal package in budget ,I think that's why it held up

too much confused - they targeted buyers from new low and sellers from new high pure market manipulation so from where we start
no 1 know only 10 people get profit 90 persons in loss.

lowering interest rate isn't that helpful in this situ
Im looking at the lower blue line and channel escape somehow- H4 above
I don't trust that daily yesterday

today could be the trustworthy later

"Three reasons for a potential pound rise
1) Priced in: Both outgoing BOE Governor Mark Carney and Andrew Bailey who takes over next week had stated that they are ready to act in face of the severe coronavirus crisis. While they seemed relatively calm in their statements, it was clear that a move was on the cards. After the initial shock from the timing, investors seemed to recall that bond markets had already foreseen monetary stimulus.
2) Lending scheme: The "Old Lady" not only slashed interest rates but also launched a lending scheme worth £100 to small and medium sized businesses. This kind of additional stimulus could provide a cushion to the economy at times of trouble, as consumers are stuck at home.
3) Coordination with the government: While the BOE announced its cut outside its calendar of rate decisions, the decision comes just hours before the UK government presents its budget. Chancellor of the Exchequer Rishi Sunak – only four weeks on the job – is on course to provide a significant increase in expenditure. Additional spending was already planned in order to fulfill Prime Minister Boris Johnson's infrastructure promises and also to mitigate the fallout from the crisis."

i think down first and then going to up. lets see

i am waiting for targeting 1.2740 to buy from there ! correct me if i am wrong thanks

that is pretty far down the chart.
id be surprised if price goes lower than 1.29 today

i think today closing above 1.29

2765

Hi fellow traders, going long on Cable in view of the UK annual budget. Target 1.3200.

do you believe 1.35 to 1.39 is possible ?

that's exactly the same analysis i posted 2 hours ago

its a valid counting very good job

still bullish even if it hits that number

i will only be bear if we close below 1.2700

sell stop: 1.28970
SL: 1.29541
TP: 1.28541



dont judge me.