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Cable Update (GBPUSD)

  • #576,481
  • Feb 5, 2021 6:19am Feb 5, 2021 6:19am
BOE already talking??
  • #576,482
  • Feb 5, 2021 6:21am Feb 5, 2021 6:21am
trap after trap
i am not switching to short crooks mf
Attached Image (click to enlarge)
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yes yes yes
  • #576,483
  • Feb 5, 2021 6:22am Feb 5, 2021 6:22am
...Biden will be hoping for a bounce back in U.s job hirings for his 1st one as President, from the -140k last one of Trump's. 'Word on the street' is +100k to +200k with this site going for +85k. Anything around the +100k to +200k and particularly a drop in un-emp rate % from 6.7% rate should be good for $ re this pairing unless the market goes fully 'risk-on' on the back of it ?
Trader with an Edge.
  • #576,484
  • Feb 5, 2021 6:24am Feb 5, 2021 6:24am
Quoting Moty
trap after trap i am not switching to short crooks mf {image}
LOL. "Mf"... - anyway BOE already talking? I expect also bump up before tanking... big boys position themselves... not sure about the Euro, could make some troubles lifting the GBP/USD. I expect flippy/floppy at NFP, Euro too weak last day for big bump on GBP/USD.
  • #576,485
  • Feb 5, 2021 6:33am Feb 5, 2021 6:33am
Go my wonderful bears and bring me the pips!
Risk Management is of utmost importance!
  • #576,486
  • Feb 5, 2021 6:33am Feb 5, 2021 6:33am
Ok, Euro climbing...big boys ready get ready for bump, needed to lift Euro before news, let's see if BOE speach changes sth. before NFP, look for long in GBP/USD before NFP. Still correction in EUR/GBP not finished, still waiting, than big bump can come on GBP/USD.
  • #576,487
  • Feb 5, 2021 6:38am Feb 5, 2021 6:38am
This could be interesting

https://www.forexfactory.com/news/10...s-dollar-ahead

I m bloody wanna short GU
Fools Rushing
  • #576,488
  • Feb 5, 2021 6:40am Feb 5, 2021 6:40am
at first i thought this was a buy... now looking at it ...Appears we may be heading down... closed my long with small profit... waiting to see what NFP does...
  • #576,489
  • Feb 5, 2021 6:45am Feb 5, 2021 6:45am
Correction of EUR/GBP coming in... still not finished. GBP/USD good entry now for longs (1.3688 currently). Let's see if EUR/GBP can fullfill 0,8760. Should give a bit more power to the upside for GBP/USD.
  • #576,490
  • Feb 5, 2021 6:48am Feb 5, 2021 6:48am
Could go either way, it is how it is set up , could be hourly first swing up of daily long continuation after minor correction or the hourly swing up could be a correction for continuation of the daily minor correction.

Personally i favour a push up before a larger move down to test the break out point and that is where i would long if everything looks ok
Follow The Markets Structure - Patience and Discipline
  • #576,491
  • Feb 5, 2021 6:49am Feb 5, 2021 6:49am
Quoting JackintheBox
Correction of EUR/GBP coming in... still not finished. GBP/USD good entry now for longs (1.3688 currently). Let's see if EUR/GBP can fullfill 0,8760. Should give a bit more power to the upside for GBP/USD.
Ain't u serious man? It's a gamble now. I recon to be step out. unless you'r dam sure of what your doing.
Fools Rushing
  • #576,492
  • Feb 5, 2021 6:51am Feb 5, 2021 6:51am
pure technical analyst on short timeframes today should be on sideline. Market is faking a lot today because of hiding positions of big boys, that's why it gets a bit irrational.
Only bigger picture works currently. Eur/gbp consolidation almost finished. EUR/USD for help GBP/USD critical, currently on upper trendline, so less steam for GBP/USD, let's see if euro can keep the 1,1983 for higher highs today. 40 mins to go...
  • #576,493
  • Feb 5, 2021 6:54am Feb 5, 2021 6:54am
Ready for the news
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  • #576,494
  • Feb 5, 2021 6:55am Feb 5, 2021 6:55am
Probable inverse head and shoulder?
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  • #576,495
  • Feb 5, 2021 6:57am Feb 5, 2021 6:57am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
1B on Eur / Usd options above 1.20 due today
Studing..............
  • #576,496
  • Feb 5, 2021 6:58am Feb 5, 2021 6:58am
I think what also drives the markets currently is the unwinding positions of longs on EUR/GBP because of Brexit. Big boys tried to make Brexit as hard as possible for UK so longed EUR/GBP a lot. Now Brexit is done they have to take their positions back (and the amount is huge, over 1000 pips). That's one major reason why EUR/GBP goes down the river currently. Of course "News" support that ("Officially" explanation needed). Economical makes no sense because Brexit harms like hell the GBP. That's why it looks weird that GBP Strengthen since one month... congrats who entered at 1,3688
  • #576,497
  • Feb 5, 2021 6:59am Feb 5, 2021 6:59am
Quoting SCopier
Ready for the news {image}
Exactly!
WT
  • #576,498
  • Feb 5, 2021 7:00am Feb 5, 2021 7:00am
Quoting JackintheBox
pure technical analyst on short timeframes today should be on sideline. Market is faking a lot today because of hiding positions of big boys, that's why it gets a bit irrational. Only bigger picture works currently. Eur/gbp consolidation almost finished. EUR/USD for help GBP/USD critical, currently on upper trendline, so less steam for GBP/USD, let's see if euro can keep the 1,1983 for higher highs today. 40 mins to go...
Where can you see market "faking"?
WT
  • #576,499
  • Feb 5, 2021 7:02am Feb 5, 2021 7:02am
Quoting JackintheBox
Correction of EUR/GBP coming in... still not finished. GBP/USD good entry now for longs (1.3688 currently). Let's see if EUR/GBP can fullfill 0,8760. Should give a bit more power to the upside for GBP/USD.
dont you see the move now is out of the yen .... would appreciate if anybody knows what happen there in the yen sell off
  • #576,500
  • Feb 5, 2021 7:04am Feb 5, 2021 7:04am
25 mins to go.... get your s/l levels ready
set mine to 13670 if it breaks 13660 it will go down towards 13612 area as PC mentioned
Insane in the Brain..
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