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Cable Update (GBPUSD)

Quoting elbert3
{quote} Yes doing a little work around that 2540 area waiting for higher time chars ema to come down so it might be time to make a cup of tea
good point , if to cup and handle for further bear ,it better to 2491 first then correct up , in that case , extension down last leg from 2567 possible , so may tank from 2553 areas. 2540 limit broken .
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Not understand?never follow my analyses!
Quoting fontu
{quote} yeah 21 did not but 16 ok , now limit up 2540 breaks to up 2567 , may stop around 2584 or + before next leg down may start . take care
Just checked my pc it is 25209 61.8% and we have a bull candle showing on 15 min so noted . Thanks E
Quoting fontu
{quote} good point , if to cup and handle for further bear ,it better to 2491 first then correct down , in that case , extension down last leg from 2567 possible , so may tank from 2553 areas. 2540 limit broken . {image}
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let’s see hedge look to it I think for a bit
Quoting elbert3
{quote} {image} let’s see hedge look to it I think for a bit
extension can take any shape but we have now 2 must test levels 2567 and 2491 , so can scalp with short and longs comfortably at least now ! all may success ! take care
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Not understand?never follow my analyses!
What if it goes to 1.2480 - 1.25 and goes up a bit? Add buy?

Dang ding, ding dang, ding dung, ...
Dang ding, ding dang, ding dung, ...
Dang ding, ding dang, ding dung

Gu 1.24830


1.24850 : Buy again.
It could go anywhere at this point. Wait in less than 2 1/2 hours.
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Lost....
waiting for buy signal
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1.2620 will do for me for today
buyers wicks
conformation for long above 1.25451
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Quoting Moty
waiting for buy signal {image}
buy buy buy
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Quoting Moty
{quote} buy buy buy {image}
Sell sell sell at 1.2560



Different time frames - different perspectives.
...because you never know - until you do!
Quoting fxsport
{quote} Sell sell sell at 1.2560 Different time frames - different perspectives.
anything is possible
today it can drop to 1.23808 and go back up to 1.26000 and above
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Nice swing up is building on 1h.
4h candles giving a nice sign up too. Not sure why you expect to go under 1.25?

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Quoting Jolita
1.2620 will do for me for today
Today 2700 will do for me. Already bought from near today's lows. In good profit. Let's pray that Mr. Bailey comes with a catapult to send GU over the moon.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Mitiblotch
{quote} Today 2700 will do for me. Already bought from near today's lows. In good profit. Let's pray that Mr. Bailey comes with a catapult to send GU over the moon.
1.27 to 1.28
Quoting Mitiblotch
{quote} Today 2700 will do for me. Already bought from near today's lows. In good profit. Let's pray that Mr. Bailey comes with a catapult to send GU over the moon.
Anything can happen.
There is a lot of criticism about todays expected rate increase by 0.25%. Inflation is around 8% and with rate increase will make even worse.
Will stay out before rate release. Keeping rate unchanged is a possibility, and if this will happen, could go eighter way - plummet at first and rise again as a safe choice.

Read this -
https://www.cnbc.com/2022/05/04/bank...ion-soars.html
Quoting Jolita
{quote} Anything can happen. There is a lot of criticism about todays expected rate increase by 0.25%. Inflation is around 8% and with rate increase will make even worse. Will stay out before rate release. Keeping rate unchanged is a possibility, and if this will happen, could go eighter way - plummet at first and rise again as a safe choice. Read this - https://www.cnbc.com/2022/05/04/bank...ion-soars.html
No problem. Thats why there is something called a stop loss, and I kept it at 2480.

On another note, what do these pundits even want? High inflation they start crying like babies for rate hikes. Now with high inflation they start crying again for a halt in hikes. They are confused and know absolutely nothing! The man wearing the shoes, who is Bailey, knows far better than they know or will ever know with regards to this matter. There is a reason he is the Bank Governor and they are just pundits.

All the major banks are raising rates to combat inflation and some people in some corner want to change the narrative with their writings?
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Rate hikes likely absorb with resultant zero movements, price may back prior hour of news effects yesterday 2479!lets see.
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Not understand?never follow my analyses!
Quoting Mitiblotch
{quote} No problem. Thats why there is something called a stop loss, and I kept it at 2480. On another note, what do these pundits even want? High inflation they start crying like babies for rate hikes. Now with high inflation they start crying again for a halt in hikes. They are confused and know absolutely nothing! The man wearing the shoes, who is Bailey, knows far better than they know or will ever know with regards to this matter. There is a reason he is the Bank Governor and they are just pundits. All the major banks are raising rates to combat...
The problem is the cost of living increased a lot, retail sales down, meaning consumer spends less.
Interest rate increase will hit the consumers even more, mortgage rates will increase so on..
No one wants a recession. It's tuff for everyone, even for banks, expectations rising, they have to scratch their heads and make cash flows out of air.
Bailey is fairly new, works by the book and holds fat pockets, is he concerned enough?

Edit: Baileys yearly salary $680,050
Powell $203,500 a year and his net worth is 50mln dollars.

https://www.reuters.com/world/uk/wha...lk-2022-02-23/

https://uk.finance.yahoo.com/news/th...225131060.html
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