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Cable Update (GBPUSD)

  • #657,901
  • May 4, 2022 11:58am May 4, 2022 11:58am
any long ext from here could be 2580,short 2389 ish 2280 further
  • #657,902
  • May 4, 2022 12:01pm May 4, 2022 12:01pm
Quoting Wavegarrick
{quote} Hi Guys, We have had three days of slightly lower highs and lower lows, which indicates bearishness. Can I say that the downtrend is resuming? Absolutely not. Does Gu need a catalyst? Probably yes. Tomorrow is reversal Thursday, for me at least. We shall see. Swing trades will come with lots of uncertainty and I remain steadfast with lots of patience. If I get this wrong I will close my buy trades and move on. Trade safe, Cheers. {image}
tomorrow the BoE announcement could send the cable further down. From what I’ve heard there could be a 7-2 in favour of rate rise as opposed to 9-0/8-1
Insane in the Brain..
  • #657,903
  • May 4, 2022 12:17pm May 4, 2022 12:17pm
Im activated buy limits from 1.2451 to 1.2430 expecting dump here and quick spike up for new HH when come depper I will add too some, lets see!
People don't plan to lose. They lose because they don't plan.
  • #657,904
  • May 4, 2022 12:36pm May 4, 2022 12:36pm
Quoting Wavegarrick
{quote} Hi Guys, We have had three days of slightly lower highs and lower lows, which indicates bearishness. Can I say that the downtrend is resuming? Absolutely not. Does Gu need a catalyst? Probably yes. Tomorrow is reversal Thursday, for me at least. We shall see. Swing trades will come with lots of uncertainty and I remain steadfast with lots of patience. If I get this wrong I will close my buy trades and move on. Trade safe, Cheers. {image}
I hope this lasted thing will rise...
  • #657,905
  • May 4, 2022 12:53pm May 4, 2022 12:53pm
Quoting ScalaFX
Im activated buy limits from 1.2451 to 1.2430 expecting dump here and quick spike up for new HH when come depper I will add too some, lets see!

1.241~ looks very good supportive from the daily. Which is also the low of 28 april.
  • #657,906
  • May 4, 2022 1:01pm May 4, 2022 1:01pm
What happened and why is the GU going up??
Insane in the Brain..
  • #657,907
  • May 4, 2022 1:02pm May 4, 2022 1:02pm
Quoting BeeTogether
What happened and why is the GU going up??
Lol... is that panic mode? Ignore every move until Powell is done. Only price itself knows where it will go, and that's assuming price is conscious.
  • #657,908
  • May 4, 2022 1:03pm May 4, 2022 1:03pm
Quoting BeeTogether
What happened and why is the GU going up??
Im buying one
People don't plan to lose. They lose because they don't plan.
  • #657,909
  • May 4, 2022 1:04pm May 4, 2022 1:04pm
Quoting Mitiblotch
{quote} Lol... is that panic mode? Ignore every move until Powell is done. Only price itself knows where it will go, and that's assuming price is conscious.
I was half expecting a drop like a stone and then up at support
Insane in the Brain..
  • #657,910
  • May 4, 2022 1:05pm May 4, 2022 1:05pm
Rate as expected. Priced in.
Selling dollar.
  • #657,911
  • May 4, 2022 1:06pm May 4, 2022 1:06pm
Quoting Jolita
Rate as expected. Priced in. Selling dollar.
Yeees! but how long this last? We have already bottom of this year?
People don't plan to lose. They lose because they don't plan.
  • #657,912
  • May 4, 2022 1:08pm May 4, 2022 1:08pm
I hold buys, but sincerely, I don't trust this bounce yet. These guys might be waiting to hurt bulls one more time. I wish it went down initially, then I'll wait for Powell to take it up. Let me go and pray for my trade. Lol
  • #657,913
  • May 4, 2022 1:10pm May 4, 2022 1:10pm
It should go above 1.254~ for break upside.
  • #657,914
  • May 4, 2022 1:10pm May 4, 2022 1:10pm
I suspect the indecision is far from being over !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #657,915
  • May 4, 2022 1:12pm May 4, 2022 1:12pm
Im buying this shit, I hope for 1.27 first before any drop
People don't plan to lose. They lose because they don't plan.
  • #657,916
  • May 4, 2022 1:14pm May 4, 2022 1:14pm
Quoting Mitiblotch
I hold buys, but sincerely, I don't trust this bounce yet. These guys might be waiting to hurt bulls one more time. I wish it went down initially, then I'll wait for Powell to take it up. Let me go and pray for my trade. Lol
Well said mate ! And I for my shorts. 2520s now in resistance mode! Anything is still possible in this mess ! Our risk management is our best friend, especially in these moments. Love these increase in tension moments !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #657,917
  • May 4, 2022 1:15pm May 4, 2022 1:15pm
Quoting Mitiblotch
I hold buys, but sincerely, I don't trust this bounce yet. These guys might be waiting to hurt bulls one more time. I wish it went down initially, then I'll wait for Powell to take it up. Let me go and pray for my trade. Lol
Thats what i have in my mind, seems like fake bulls
  • #657,918
  • May 4, 2022 1:17pm May 4, 2022 1:17pm
it's bullish for GBP until proven otherwise and that's how I'll trade it, rate was priced in.
  • #657,919
  • May 4, 2022 1:18pm May 4, 2022 1:18pm
This is a very crucial time... If bulls can't comfortably close today above 1.2550 or close this week above 1.2600, then bears will not hesitate to have their last push towards 1.2358...

A lot of caution guys as trapping is real now that we are trading dangerously close to the potential lowest price of 2022...

Risk reward favours buying but a little more pain for bulls at 1.23 cannot be ruled out.
Data + Stat + Risk/Emotions Management
  • #657,920
  • May 4, 2022 1:22pm May 4, 2022 1:22pm
Waiting for Powell now… man could send the pair all the way down lol
Insane in the Brain..
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