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Cable Update (GBPUSD)

  • #661,301
  • May 31, 2022 8:56pm May 31, 2022 8:56pm
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yes yes yes
  • #661,302
  • May 31, 2022 9:00pm May 31, 2022 9:00pm
Dollar index looks weak??
  • #661,303
  • May 31, 2022 9:02pm May 31, 2022 9:02pm
Attached Image (click to enlarge)
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yes yes yes
  • #661,304
  • May 31, 2022 9:10pm May 31, 2022 9:10pm
Quoting ninner
Dollar index looks weak??
it hit the resistance at 103.785 , went down more then 2.5 points
now it will pull back to 103 area and will continue to drop
yes yes yes
  • #661,305
  • May 31, 2022 9:12pm May 31, 2022 9:12pm
Attached Image (click to enlarge)
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  • #661,306
  • May 31, 2022 9:21pm May 31, 2022 9:21pm
Quoting Moty
{quote} switched to short {image} {image} {image}
Short what??
  • #661,307
  • May 31, 2022 10:01pm May 31, 2022 10:01pm
you can't shake me mf
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yes yes yes
  • #661,308
  • May 31, 2022 10:11pm May 31, 2022 10:11pm
Quoting ninner
{quote} Short what??
short eu and gu
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 21 KB
yes yes yes
  • #661,309
  • May 31, 2022 10:26pm May 31, 2022 10:26pm
You said you are bearish the usd. That doesn’t make sense!!
  • #661,310
  • May 31, 2022 10:33pm May 31, 2022 10:33pm
The price to go bearish first below 2610.

IMO
Intraday only.
  • #661,311
  • May 31, 2022 10:37pm May 31, 2022 10:37pm
Quoting navk
The price to go bearish first below 2610. IMO
It is below 2610 lol
  • #661,312
  • Edited Jun 1, 2022 1:41am May 31, 2022 10:48pm | Edited Jun 1, 2022 1:41am
Will take a huge dump. There may be an inverse HS on the daily with the right shoulder to be based at 2406 area. In any case, this month's pivot is 2475 (correlates with Wavegarrick's). Also, today is Wednesday. A favorite red day. I have sold 2594 and may not check it till end of day. My TP is at 2500.

And please note: this is the first time in about 3 months we are opening the month above pivot so most likely this will be a bullish month. I am net short and that for me should end at 2500. I am not willing to sell anything below 2500 or maximum 2475. We should touch that area, maybe go slightly below it and fly up again! When you look at the monthly you see the big picture and trade accordingly.

Cheers.
  • #661,313
  • May 31, 2022 10:49pm May 31, 2022 10:49pm
DX going to 102,18 and above.
  • #661,314
  • May 31, 2022 10:51pm May 31, 2022 10:51pm
Quoting ninner
{quote} It is below 2610 lol

It means " if the price in a range in asia moves up again, not likely to break 2610 "
Intraday only.
  • #661,315
  • May 31, 2022 10:51pm May 31, 2022 10:51pm
Quoting bigiivan
DX going to 102,18 and above.
My view the usd has TOPPED...TOPPED !!!! It broke down from a double top ..could it retest the neckline..sure but this market is OVER!!
  • #661,316
  • May 31, 2022 11:15pm May 31, 2022 11:15pm
Attached Image (click to enlarge)
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  • #661,317
  • May 31, 2022 11:16pm May 31, 2022 11:16pm
Quoting Moty
{quote} short eu and gu {image}
AU and NU too
  • #661,318
  • May 31, 2022 11:23pm May 31, 2022 11:23pm
Quoting Mitiblotch
Will take a huge dump. There may be an inverse HS on the daily

with the right shoulder to be based at 2406 area. In any case, this month's pivot is 2475 (correlates with Wavegarrick's). Also, today is Wednesday. A favorite red day. I have sold 2594 and may not check it till end of day. My TP is at 2500. And please note: this is the first time a about 3 months we are opening the month above pivot so most likely this will be a bullish month. I am net short and that for me should end at 2500. I am not willing to sell anything below 2500 or maximum...

tHE Monthly is a triple bottom....By definition this means what??? Anyone ??? Anyone??? Anyone???...........
  • #661,319
  • May 31, 2022 11:26pm May 31, 2022 11:26pm
Quoting ninner
You said you are bearish the usd. That doesn’t make sense!!
i am still bearish
it doesn't mean that i can't trade the retracements
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yes yes yes
  • #661,320
  • May 31, 2022 11:42pm May 31, 2022 11:42pm
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