Cable Update (GBPUSD)

Quoting Bones

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{quote} Well I don't think the fed is accepting QE is the main cause of inflation ,Powell said himself the next moves they make are data dependent. To my mind the further/faster they go the deeper red data will be ,it can be further can kicking or a nutty scheme in a crisis.They could even try price fixing ,nothing is set in stone. They already drop the price gouging idea for the oil rise . Oil won't come down as long as rates are that negative ,the miners don't price it themselves . {image} {image}

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Quoting trumps

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I don't think that channel will hold after the Trendline retest {image}

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Quoting fontu

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{quote} may be but as on support likely react ! if usdx may tank next great , eurusd may start the great reversal or gold likely rebound towards previous high and may started already counting dates . all possible it can try for new tops as well!! lets see, market open day specially & wks play if more clearer !

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Quoting fontu

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{quote} may be but as on support likely react ! if usdx may tank next great , eurusd may start the great reversal or gold likely rebound towards previous high and may started already counting dates . all possible it can try for new tops as well!! lets see, market open day specially & wks play if more clearer !

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Quoting Nd10

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{quote} How is The Dxy now mate?

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Quoting Robinhood1

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Listen mindundis. follow this guy to get educated. He can forecast years way ahead inflation plus all sorts. 2016 Article https://www.armstrongeconomics.com/a...-is-real-real/

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Quoting DrDave

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{quote} We are only half way throught descending channel. [D1 view] Did you happen to switch to MN2 (OK, likely you have no MN2 chart so use MN1)? You can see your D1 channel is simply the MN1(MN2) down swing. And that down swing is a pullback to MN8 (maybe even MN16). So, the TF of interest is W2: IF the MN2 down swing has completed, then the current W2 up swing can be the start of the MN2 up continuation. The W1 has made a swing high and a substantial down bar. But this has not turned down W2, the TF of interest. So there is no confirmation of...

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Quoting Headland

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A > 13wk awr week, but sub 30day adr consolidatory/rangy friday just closed. Mth so far (with 1 trading day left,) @ 91% of 6mth amr, and what could turn out to be a dragonfly doji/pinbar mthly candle close with any more upside on Monday. * Mthly has printed a HH @ last yr's 4249 hi then a L, LL and what might be a 2nd LL with this mth's candle close. Caution though - these are very minor swings on that t/f and no LH has been printed yet so it is hard to see what trend direction the t/f is in, if any. * Wkly is still in a downtrend with 4 consecutive...

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Quoting Techanalyst

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GBP forecasts. Trade safe. {image} {image}

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Quoting trumps

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The Fed has strong form in being behind the curve with regards to its policy decisions. Its what helps creates such wonderful peaks and troughs in the market and trading volatility.

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Quoting Jolita

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{quote} What made you change your direction? We are only half way throught descending channel. 132 is a must, of course some retracements to the other side will happen. I've learned to delay my instant reaction as trade is always behind our plans. {image}

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Quoting Robinhood1

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{quote} Hello baba Navin. here is why i am long. First of all, i am a swing trader so i might have to hold my longs 150/200 pips against where i will be adding. The Gann calculator goes up and down by levels. Had cable reached 13983 aprox. then it would have gone below 13000. Now if we take 2 levels missing 13983 we reach 14220 aprox. 13384 was my reference to reach 13747 and 13983. It has broken 13384 without reaching 13983. This means that 13747 is equivalent to 13384 thus, 13747 and finally 14220. {image}{image}{image}

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Quoting Wavegarrick

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{quote} Hi Guys, It has been a shaky start for me this year. Amazing how a 2-week break can get you off the pulse of the market. I did get into a trade with FOMC and locked in. I am with Georginson on a target of 1.32000, the only slight difference is that I believe in the quarter's theory so a logical target would be 1.32500 and perhaps George's target at 1.32000 for an overshoot. 1.3500 is the midpoint between 1.4000 and 1.3000 so it is very logical to assume that this would be a game of 2 halves this year and 1.35000 would be the decider...

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Quoting nAVIN2007

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{quote} {quote} Basically looking at the 4hour we had a large bullish candle...1.34 also represents 61.8% of the low to high retracement..I just could ignore a potential to go higher b4 moving down..and because my entries are sitting on 1.34 I thought I'm gonna see a drawdown..In hindsight I should have hedged maybe, but it could also be a place to turn bullish long term ..we have both ABCD formations one for up and one for down still not sure of the trend, but i keep thinking why would BOE want a cheap rate? considering everything pretty much comes...

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Quoting Jolita

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{quote} How reliable is the source of this forecast? I will mark on my chart too. Thanks I had a few forecasts saved too. Lets look at them. Macrotrends closing price 1.37 forecast was incorrect, actual 1.35 {image} GU price prediction was accurate only by Walletinvestor. IG along with Goldman Sachs was in a dreamland. {image}

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