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Cable Update (GBPUSD)

  • #519,161
  • May 7, 2020 3:46am May 7, 2020 3:46am
It's bank holiday here in the UK tomorrow so today is the last trading day.
  • #519,162
  • May 7, 2020 3:49am May 7, 2020 3:49am
"BOE Gov Bailey Speaks" in 10 minutes
  • #519,163
  • May 7, 2020 3:55am May 7, 2020 3:55am
Quoting Marco-Kanto
Took a short from DR1-ish 2411
Taken 80%, SL set at BE TP at 2318
Focus.
  • #519,164
  • May 7, 2020 4:03am May 7, 2020 4:03am
BOE'S BAILEY: RECOVERY OF GROUND LOST BY LATE NEXT YEAR NOT OVERLY OPTIMISTIC

https://twitter.com/DeItaOne/status/1258320864153649152
  • #519,165
  • May 7, 2020 4:09am May 7, 2020 4:09am
Is there a live broadcast of the speech?
  • #519,166
  • May 7, 2020 4:13am May 7, 2020 4:13am
Game over .
Dx has broke up.
1.22466-1.23000 in the making
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yes yes yes
  • #519,167
  • May 7, 2020 4:19am May 7, 2020 4:19am
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  • #519,168
  • May 7, 2020 4:20am May 7, 2020 4:20am
BoE Gov Bailey: No Big Differences Between ECB, Fed And BoE On Approaches To Asset Purchase Programmes, We Are Not Targeting The Yield Curve

BoE Gov Bailey: We Are Not Out Of Monetary Policy Tools, Expect We Will Continue To Come Up With Appropriate Responses

https://www.forexfactory.com/news/99...pond-if-second
  • #519,169
  • May 7, 2020 4:20am May 7, 2020 4:20am
Quoting Moty
Game over . Dx has broke up. 1.22466-1.23000 in the making {image}
Well done! Its pretty clear where this all is moving next 10 hours
  • #519,170
  • May 7, 2020 4:20am May 7, 2020 4:20am
Be careful if 23800 break.
  • #519,171
  • May 7, 2020 4:21am May 7, 2020 4:21am
Quoting Moty
Game over . Dx has broke up. 1.22466-1.23000 in the making {image} {image}
Out some, some @BE.
  • #519,172
  • May 7, 2020 4:23am May 7, 2020 4:23am
So possible change trend now
I will look just for buy setup
  • #519,173
  • May 7, 2020 4:24am May 7, 2020 4:24am
A flat on daily in the making to 1.2250 area? your thoughts. A clearcut 5 wave structure in wave c
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  • #519,174
  • May 7, 2020 4:28am May 7, 2020 4:28am
Quoting Vincent1
So possible change trend now I will look just for buy setup
1.2330 is the key level.
Last reaction makes me think that bulls want it up
If bears are not able to break it soon, we are in bulls territory
  • #519,175
  • May 7, 2020 4:30am May 7, 2020 4:30am
price nearly at daily opening.. imma watch how it plays out then decide
  • #519,176
  • May 7, 2020 4:32am May 7, 2020 4:32am
360/400 possible could be support, once hit gone up 3 times now today alone
  • #519,177
  • May 7, 2020 4:34am May 7, 2020 4:34am
For some reason I'm still bullish on the pound.

I see it going back to 1.25 before coming back south.

No technical backup, just a gut feeling.
Patience and Discipline.
  • #519,178
  • May 7, 2020 4:34am May 7, 2020 4:34am
Quoting EUROtech
A flat on daily in the making to 1.2250 area? your thoughts. A clearcut 5 wave structure in wave c {image} {image}
I had your same idea
But look what Bailey said, look at the order flor since yesterday NY close
It's a trap
They want 1.31 first, and then back to 1.20
  • #519,179
  • May 7, 2020 4:37am May 7, 2020 4:37am
Quoting Vincent1
{quote} I had your same idea But look what Bailey said, look at the order flor since yesterday NY close It's a trap They want 1.31 first, and then back to 1.20
No technical confirmation for .31 yet. Only retest of broken trendlines but it could easily spike down
Lets see if its not a wave 3 of bigger wave 5 down in the making now
  • #519,180
  • May 7, 2020 4:41am May 7, 2020 4:41am
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yes yes yes
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