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Cable Update (GBPUSD)

  • #660,501
  • May 25, 2022 6:49am May 25, 2022 6:49am
Quoting donfriday
New York 1.2475 or 1.2425 thats the PLAY ground till FOMC
425? That will be an interesting area for a potential long (low risk) if FOMC goes dovish for the usd
Insane in the Brain..
  • #660,502
  • May 25, 2022 7:02am May 25, 2022 7:02am
Quoting ForexGoose
{quote} Lucky that I moved my stop loss higher. 1.26 is the stronger resistance level for now. I expect further selling. https://www.youtube.com/watch?v=BdYQA5p6Nns {image}
looks like bulls could be trapped again above 1.253

the pair looks bearish today
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #660,503
  • May 25, 2022 7:09am May 25, 2022 7:09am
DXY presents longs already at last reversal level. Potential sell-off awaits the Cable soon. IF the index proves bullish.
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Time is everything; Everything.
  • #660,504
  • May 25, 2022 7:15am May 25, 2022 7:15am
Mister dollar , don't be so aggressive....
Just kidding, continue mf
yes yes yes
  • #660,505
  • May 25, 2022 7:21am May 25, 2022 7:21am
Short in at 1.2492
Don't trade what you think. Just what you see!!!
  • #660,506
  • May 25, 2022 7:26am May 25, 2022 7:26am
I am on short side also. Huge potential if it breaks.
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  • #660,507
  • May 25, 2022 7:37am May 25, 2022 7:37am
All out!!!
Aussie reached his adr low , 82 pips range
Switched to long
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yes yes yes
  • #660,508
  • May 25, 2022 7:37am May 25, 2022 7:37am
...30min fractal swing @ current dly lo now...1hr that bullish bodied inverted hammer may have been indicative, particularly with the 5min and 15min regular bullish div present. Only 59.6% 30day adr travelled so far today. Prev 1hr sw lo's above = potential sbr.

1hr below, then the 5min bullish reg div.
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Trader with an Edge.
  • #660,509
  • May 25, 2022 7:38am May 25, 2022 7:38am
US data not as good might see 12530 (area where the pair consolidated yesterday) before any further drops
Insane in the Brain..
  • #660,510
  • May 25, 2022 7:55am May 25, 2022 7:55am
Quoting RaHaG0D
Maybe!!! Good Luck {image}
I will make a (small) BUY whenever the price reaches 1.43. To see if the price can go to 1.26 or it will touch the target 1.2337
And if it reaches the price of 1.2337, I will have (Big) BUY for the 1.29 target
Good Luck every one(Do not forget to laugh, Life is very very SHORT)
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There is nothing wrong with being kind & loving to each other
  • #660,511
  • May 25, 2022 8:02am May 25, 2022 8:02am
Quoting macaroni
I am on short side also. Huge potential if it breaks. {image}
... there is bearish hidden div on the dly supporting that scenario

Dly below
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Trader with an Edge.
  • #660,512
  • May 25, 2022 8:17am May 25, 2022 8:17am
Longed gold at 1850
  • #660,513
  • May 25, 2022 8:35am May 25, 2022 8:35am
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yes yes yes
  • #660,514
  • May 25, 2022 8:52am May 25, 2022 8:52am
Shorting at 12520 tp 12450 if it gets there else manual before FOMC
Insane in the Brain..
  • #660,515
  • May 25, 2022 8:54am May 25, 2022 8:54am
Quoting BeeTogether
Shorting at 12520 tp 12450 if it gets there else manual before FOMC
If it crosses 1.2535 then next would be q.2570

I have a short from 1.2520 too
  • #660,516
  • May 25, 2022 9:22am May 25, 2022 9:22am
...rangy intraday picture now but with 2 solid moves in London session so far approaching it's end. 1hr/4hr too now rangy after that test and hold/strong bounce up from the prev 1hr/4hr sw lo zone that extends down to 2571.

1hr below
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Trader with an Edge.
  • #660,517
  • May 25, 2022 9:36am May 25, 2022 9:36am
Quoting fxmasterdxb
{quote} If it crosses 1.2535 then next would be q.2570 I have a short from 1.2520 too
Closed -12
will reconsider shorting between 1.2575 to 1.2620
  • #660,518
  • May 25, 2022 9:47am May 25, 2022 9:47am
...just challenging bottom of the 4hr part of the prev 1hr/4hr sw hi zone to today's current dly hi, = prev res = pot res.

4hr below.
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Trader with an Edge.
  • #660,519
  • May 25, 2022 9:49am May 25, 2022 9:49am
Quoting Headland
...just challenging bottom of the 4hr part of the prev 1hr/4hr sw hi zone to today's current dly hi, = prev res = pot res. 4hr below. {image}
I think testing the highs around 1.26 is a big possibility now, lets see
  • #660,520
  • May 25, 2022 9:57am May 25, 2022 9:57am
Quoting fxmasterdxb
{quote} I think testing the highs around 1.26 is a big possibility now, lets see
EU short setup is much clearer, im shorting from 1.0705
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