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Cable Update (GBPUSD)

  • #647,961
  • Jan 11, 2022 8:23am Jan 11, 2022 8:23am
Happy Tuesday Folks! Currently in a buy on GU at 1.35762. Lets see how far up it will go...
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My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #647,962
  • Jan 11, 2022 8:23am Jan 11, 2022 8:23am
Quoting kris89
For me tonight below 1.3570 is 1.3550 then 1.350 then 1.342 to 1.335
So far it rejecting further stops. However with NY just open and the Fed Powell speech in a bit we could see further drops but I agree we need a 13550 area tonight to make a new move to below 134
Insane in the Brain..
  • #647,963
  • Jan 11, 2022 8:42am Jan 11, 2022 8:42am
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  • #647,964
  • Jan 11, 2022 8:49am Jan 11, 2022 8:49am
Quoting Moty
I see be in the horizon {image}
Be after 140 $ floting loss
I reduced my position by half
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yes yes yes
  • #647,965
  • Jan 11, 2022 8:52am Jan 11, 2022 8:52am
  • #647,966
  • Jan 11, 2022 8:53am Jan 11, 2022 8:53am
Quoting Wavegarrick
{quote} Hi Guys, I am in with some shorts here with 25 pip stops. My daily pivot at 1.35717 has not been tested yet. We shall see. I could be wrong. Trade safe. Cheers. {image}
My daily pivot at 1.35717 reached and one sell trade closed. I opened 1 more sell trade locked in. Ominous early signs of cyclic bearish conditions. The rising trendline needs to be breached for bears to gain traction. Let's see what Jerome Powell in a mo can do for us.
Cheers.
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Trade to trade another day
  • #647,967
  • Jan 11, 2022 8:55am Jan 11, 2022 8:55am
Took long
Tp 1.36063
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yes yes yes
  • #647,968
  • Jan 11, 2022 9:09am Jan 11, 2022 9:09am
Looks like Powell dovish GU going up
Insane in the Brain..
  • #647,969
  • Jan 11, 2022 9:10am Jan 11, 2022 9:10am
Quoting Moty
Took long Tp 1.36063 {image}
Nice
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yes yes yes
  • #647,970
  • Jan 11, 2022 9:13am Jan 11, 2022 9:13am
Quoting Wavegarrick
{quote} My daily pivot at 1.35717 reached and one sell trade closed. I opened 1 more sell trade locked in. Ominous early signs of cyclic bearish conditions. The rising trendline needs to be breached for bears to gain traction. Let's see what Jerome Powell in a mo can do for us. Cheers. {image}
from market reaction he’s gone dovish?
Insane in the Brain..
  • #647,971
  • Jan 11, 2022 9:15am Jan 11, 2022 9:15am
Quoting BeeTogether
{quote} from market reaction he’s gone dovish?
He hasnt spoken yet
  • #647,972
  • Jan 11, 2022 9:19am Jan 11, 2022 9:19am
What worries me is JP morgan came out yesterday saying its time to buy risky assets now, dip is done on stocks (and i guess on risky currencies)

Since when banks tell when/where to buy ? sounds fishy
COT: The precious data ignored
  • #647,973
  • Jan 11, 2022 9:32am Jan 11, 2022 9:32am
  • #647,974
  • Jan 11, 2022 9:40am Jan 11, 2022 9:40am
Quoting Windstrown
{quote} He hasnt spoken yet
Wasn’t it meant to be 40mins ago?
Insane in the Brain..
  • #647,975
  • Jan 11, 2022 9:49am Jan 11, 2022 9:49am
Quoting BeeTogether
{quote} Wasn’t it meant to be 40mins ago?
He has spoken now, just answered the questions to the best of his ability, but to be honest there is nothing to say and nothing unexpected has been said, so considering the event is over im guessing we are back to range and test some highs considering low has been tested today

Ps still on goin he is talking about whats coming up. May have positive effects on the us str
  • #647,976
  • Jan 11, 2022 9:52am Jan 11, 2022 9:52am
Quoting mastersplint
{quote} not when combined with PA, E.W is just a guideline based around PA/technical to determine possible, entry/exit and target areas Time will be the only factor to see what happens and adjust
Most certainly is PA king, that together with EW's make me telling you folks that dollar is going to fall. How far, time will tell.
  • #647,977
  • Jan 11, 2022 9:54am Jan 11, 2022 9:54am
Quoting Windstrown
{quote} He has spoken now, just answered the questions to the best of his ability, but to be honest there is nothing to say and nothing unexpected has been said, so considering the event is over im guessing we are back to range and test some highs considering low has been tested today
Nothing unexpected ? i don't know
He will raise rates more if needed, "inflation is too high", normalisation of the BS

Very interesting stuff coming from him honestly

2022 could the year of the correction/bear market
COT: The precious data ignored
  • #647,978
  • Jan 11, 2022 9:54am Jan 11, 2022 9:54am
Powell text was released 17 hours earlier by mistake. Check the FF calendar.
  • #647,979
  • Jan 11, 2022 9:59am Jan 11, 2022 9:59am
Quoting kuroro001
{quote} Nothing unexpected ? i don't know He will raise rates more if needed, "inflation is too high", normalisation of the BS Very interesting stuff coming from him honestly 2022 could the year of the correction/bear market
Raising more interest rates should have sent the pair down but instead they have gone up back to 136 area. Weird….

oh well
Insane in the Brain..
  • #647,980
  • Jan 11, 2022 10:05am Jan 11, 2022 10:05am
Quoting BeeTogether
{quote} Raising more interest rates should have sent the pair down but instead they have gone up back to 136 area. Weird…. oh well
Bears gotta lost it all first
COT: The precious data ignored
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