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Cable Update (GBPUSD)

  • #658,081
  • May 5, 2022 7:36am May 5, 2022 7:36am
Quoting elbert3
could be back to the 2008 crash numbers 2038
Next target 1st may 2632 - 326 =2326 !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #658,082
  • May 5, 2022 7:36am May 5, 2022 7:36am
When I was introduced to trading, I was told the news are used by market makers to accomplish their goals. I was told to stay clear of RED News releases, At least an hour before the news get released, and then I can trade again an Hour after the RED rnews. Took my morning trades off and now waiting to see if GU will offer a retracement back into the range during the US session.

GBP keeps making higher peaks and usually, when a peak is formed, price will continue to trade away from that peak. What you saw yesterday during the news was that Market makers were stopping everyone out to make transition to their next target easier without the market being net heavy. I still haven't seen any signals to the downtrend being over. As always, trade safe guys, Green pips to all
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Executing trades with precision!!
  • #658,083
  • May 5, 2022 7:37am May 5, 2022 7:37am
2362 to hold.

I am long. -25 pips down.
Intraday only.
  • #658,084
  • May 5, 2022 7:39am May 5, 2022 7:39am
I discarded my buy, not interested anymore. Don't like 22mins to H4 closing.
Anyone can buy, I will join later.

  • #658,085
  • May 5, 2022 7:40am May 5, 2022 7:40am
Rueing taking of my SL now lol. The bears are in control for the moment. Will look for a move back to 125 -126 in the next week before adding any more shorts
Insane in the Brain..
  • #658,086
  • May 5, 2022 7:41am May 5, 2022 7:41am
Quoting fontu
{quote} Next target 1st may 2632 - 326 =2326 !
lol the good old minus pips ,, normally used on flags ,might of just ran out of steam here ,,hedge again time
  • #658,087
  • May 5, 2022 7:42am May 5, 2022 7:42am
diaktifkan
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  • #658,088
  • May 5, 2022 7:44am May 5, 2022 7:44am
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  • #658,089
  • May 5, 2022 7:46am May 5, 2022 7:46am
Quoting Coreg2004
{quote} update... {image}
Here is possible intraday play...
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Always trade your own plan...I don't provide trading signals.
  • #658,090
  • May 5, 2022 7:46am May 5, 2022 7:46am
Quoting Georginson
{quote} The Bears have moved it to this level (1.2358)... This is a classical crash...
Last time i ve seen my monthly RSI (fast) at this level was in Oct 2016. The only difference i see, a part the relative price, ( cable reached historical low of 1.1475) is in bears power, so even if i m looking for a considerable bounce from these levels it s not excluded a flash crash to 1.20.
chaos is just unknown order
  • #658,091
  • May 5, 2022 7:50am May 5, 2022 7:50am
Quoting Eren10
{image}
noted
  • #658,092
  • May 5, 2022 7:50am May 5, 2022 7:50am
George Soros is back shorting cable again
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #658,093
  • May 5, 2022 7:52am May 5, 2022 7:52am
For my own shorts, I am not convinced till price breaks the low of this 8h to close in 10min. Only then can I place SL of my last MAIN position (one of many which had highest % of chance to make it = >volume = support buddy for all the other weeee shorts that could be taken in this good quality trend) at BE
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #658,094
  • Edited 9:26am May 5, 2022 8:03am | Edited 9:26am
Quoting Houtbay
Currently short gold 1898
in now toooooo 1906 target 1800 note 1760
  • #658,095
  • Edited 8:39am May 5, 2022 8:09am | Edited 8:39am
The sins of bears have been washed away by the blood and tears of the bulls. I added at 236x. At 239x I will be in net profit. What a dump! Forex will be so interesting if we get these double-edged moves everyday.
  • #658,096
  • May 5, 2022 8:10am May 5, 2022 8:10am
Quoting elbert3
{quote} in now toooooo 1906 target 1800
If this continues, could also be a decent GBPUSD target !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #658,097
  • May 5, 2022 8:13am May 5, 2022 8:13am
mmh the more i see this prices holding the more i m tempted to target monthly Ma50.. more than 600 pips arent so bad LOL
chaos is just unknown order
  • #658,098
  • May 5, 2022 8:16am May 5, 2022 8:16am
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #658,099
  • May 5, 2022 8:26am May 5, 2022 8:26am
huge day after long time.
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Intraday only.
  • #658,100
  • May 5, 2022 8:38am May 5, 2022 8:38am
Sell stop 23722, 50SL. If bulls don't entertain this widened ranging heaven and attack >.2480 today, bears might just be getting started trending again and with some fresh and enhanced volatility!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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