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Cable Update (GBPUSD)

  • #656,621
  • Apr 21, 2022 5:35am Apr 21, 2022 5:35am
... possible 4hr rising wedge?

4hr below
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Trader with an Edge.
  • #656,622
  • Apr 21, 2022 5:48am Apr 21, 2022 5:48am
...1min reg bearish div, 5min o/b, 15,30,1hr reg bearish div, all @ the hi - flimsy pot res though - that aforementioned 23.6% ext and top of the 4hr pot rising wedge only, but I took it be the potential pt.5 of the 30min exp tri mentioned earlier, for a short scalp.

5min below
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Trader with an Edge.
  • #656,623
  • Apr 21, 2022 6:01am Apr 21, 2022 6:01am
I know this isn't about GBP/USD, but I have a really big announcement to make for those people who are not aware of the situation with JPY. The date to to fix your eyes on this currency and stay glued is 28.04. Quite possibly the most important day for the fate of the JPY for this year. If they decide to finally intervene and raise interest rates or do something else I will be shorting all the way to 117.00 (USD/JPY)(currently 128.00). BIGGEST NEWS FOR JPY THIS YEAR.
Good luck to everyone!
  • #656,624
  • Apr 21, 2022 6:03am Apr 21, 2022 6:03am
Quoting Forex.z1
{quote} where are you looking to enter pal?
I'm in on partial. On EU 1.085 and 1.087. tp around 1.12
GU 1.306, 1.305, 1.304, 1.303

Edit: Some GU and EU triggered. Hope Dxy would see 99 to 98 soon
  • #656,625
  • Apr 21, 2022 6:04am Apr 21, 2022 6:04am
Quoting Whatevs
I know this isn't about GBP/USD, but I have a really big announcement to make for those people who are not aware of the situation with JPY. The date to to fix your eyes on this currency and stay glued is 28.04. Quite possibly the most important day for the fate of the JPY for this year. If they decide to finally intervene and raise interest rates or do something else I will be shorting all the way to 117.00 (USD/JPY)(currently 128.00). BIGGEST NEWS FOR JPY THIS YEAR. Good luck to everyone!
Please keep us posted on it
  • #656,626
  • Apr 21, 2022 6:06am Apr 21, 2022 6:06am
...sellers had been making their presence felt on the way up...

1hr below
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Trader with an Edge.
  • #656,627
  • Apr 21, 2022 6:11am Apr 21, 2022 6:11am
gu is crazy
end of the month, u r already a winner
  • #656,628
  • Edited 6:25am Apr 21, 2022 6:12am | Edited 6:25am
...potential for an 8th consec bearish bodied 5min close?

EDIT: 9th now. 10th.
Trader with an Edge.
  • #656,629
  • Apr 21, 2022 6:23am Apr 21, 2022 6:23am
I am not missing this QM for anything. Already got in. Kept another pending around 3030 (I hope it triggers) for a ride to the top around 3150 area, at least. And it's on the 1 hr chart so I think it should work.
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  • #656,630
  • Edited 6:34am Apr 21, 2022 6:23am | Edited 6:34am
Quoting HaLBot
{quote} Is that the vote on more 'Bunga Bunga' parties But seriously I think their making a play for 3100

Yes, lockdown parties, incompetent leader.

Edit: Here is the link:
https://www.bbc.co.uk/news/live/uk-politics-61168953
  • #656,631
  • Apr 21, 2022 6:24am Apr 21, 2022 6:24am
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yes yes yes
  • #656,632
  • Apr 21, 2022 6:32am Apr 21, 2022 6:32am
...10th consec 5min bear candle before the green one on that t/f

1hr/4hr below.
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Trader with an Edge.
  • #656,633
  • Apr 21, 2022 6:32am Apr 21, 2022 6:32am
Quoting Whatevs
I know this isn't about GBP/USD, but I have a really big announcement to make for those people who are not aware of the situation with JPY. The date to to fix your eyes on this currency and stay glued is 28.04. Quite possibly the most important day for the fate of the JPY for this year. If they decide to finally intervene and raise interest rates or do something else I will be shorting all the way to 117.00 (USD/JPY)(currently 128.00). BIGGEST NEWS FOR JPY THIS YEAR. Good luck to everyone!

Sad situation. Japan is a rich country, they will find a way to survive, why not increase interest rates etc..
What we have to concentrate on is Ukraine winning this horrific war, due to this war Putin is punishing all our economies.
We can not give nasty people a chance to win, if he does, we all dusted.
Inflation uncontrollable, recession on the door step. Poor starving of hunger.
  • #656,634
  • Apr 21, 2022 6:41am Apr 21, 2022 6:41am
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yes yes yes
  • #656,635
  • Apr 21, 2022 6:42am Apr 21, 2022 6:42am
...there's a potential pt.4 somewhere of the pot 30min/1hr bearish exp tri. Pt 4 is a fib ext of move 2-3, pt 5 is a fib retrace or ext of move 3-4 if it develops, in this repeating pattern.

1hr below
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Trader with an Edge.
  • #656,636
  • Apr 21, 2022 6:56am Apr 21, 2022 6:56am
Quoting MoneyZilla
have anyone spotted, during the last 90+ calendar days, that the bullish daily breakouts are actually among the best selling places?
after all, yesterday's daily breakout did happen to be not so bad place to enter your short... and HODL!
🦦
Maadik Hugiis. IQ 69.
  • #656,637
  • Apr 21, 2022 6:57am Apr 21, 2022 6:57am
Buy again 1.30300
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #656,638
  • Apr 21, 2022 6:58am Apr 21, 2022 6:58am
WTF is wrong with the GU pair guys? Why has it dropped 60 pips again?
  • #656,639
  • Apr 21, 2022 7:00am Apr 21, 2022 7:00am
...that's a bearish 1hr candle close,! Good downside follow thru off the pinbar close before it. Nice move from the current dly hi...stuffed the bulls a bit!

1hr below
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Trader with an Edge.
  • #656,640
  • Apr 21, 2022 7:32am Apr 21, 2022 7:32am
"The Japanese yen may continue to see weakness against the U.S. dollar if the policies of the Bank of Japan and Federal Reserve continue to diverge, said Wells Fargo Securities’ Brendan McKenna. “We certainly see a move up through 130, we think that’s definitely possible" , perhaps even going to 135.

Now, all of this is speculation if it's either going to go to 135 or start falling to 117. Whatever the rumor is, we have to stay cold. There were the news that the BoJ is going to intervene if the JPY keeps falling so fast like this. Few days ago, actually when due to this news USD fell around 200 pips vs JPY. However the buyers still do not believe BoJ will do anything and the price recovered 100 pips already. By 28.04 the price with this momentum could reach 130+.

Best plan to stick with here is to wait for 28.04 and then dive into the real action.
One thing to mention since this will be next biggest news after war, I would wait some time before entering the trade, knowing how the banks work, even if they decide to raise interest rates (BoJ), the price (I believe at least) will first go up 50 to 100 pips to grab SL and then move the right way.
As asked I will try to keep you all in the latest news on JPY in case some of you miss them.
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