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Cable Update (GBPUSD)

  • #665,941
  • Jun 28, 2022 6:49am Jun 28, 2022 6:49am
current UK interest rate 1.25%
current US interest rate 1.75%

expected US rate hike in July 75 bps

so unless UK does not increase rates, expect GU to keep falling
  • #665,942
  • Jun 28, 2022 6:52am Jun 28, 2022 6:52am
Quoting Mitiblotch
{quote} Banked my 2275 short here at 2248. +27. My TP was at least 2170. I hope I don't regret closing early. I sincerely do not see bulls escaping the coming dump. Switching to the daily I can feel it coming. Tomorrow is another day.
i.2220 is the 1st tp bro.
  • #665,943
  • Jun 28, 2022 6:54am Jun 28, 2022 6:54am
Quoting PatienceFx
current UK interest rate 1.25% current US interest rate 1.75% expected US rate hike in July 75 bps so unless UK does not increase rates, expect GU to keep falling
trail trades with onbe hour 20 sma to be safe, no need to keep targets
  • #665,944
  • Jun 28, 2022 7:00am Jun 28, 2022 7:00am
Quoting PatienceFx
current UK interest rate 1.25% current US interest rate 1.75% expected US rate hike in July 75 bps so unless UK does not increase rates, expect GU to keep falling
Previously, UK retail sales was in negative state. BOE wont hike the rates in the near term. With the differential of the interest rates, most of the large money interested the biggest rates.
  • #665,945
  • Jun 28, 2022 7:01am Jun 28, 2022 7:01am
add buy 1.2238
Together we can be strongest
Vantage Return This Month: -97.0%
  • #665,946
  • Jun 28, 2022 7:02am Jun 28, 2022 7:02am
Quoting mtako
Bought 2238 SL9
-9! sl one pip too high! I reentered but couldnt share 1min morning star at my sl...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #665,947
  • Jun 28, 2022 7:05am Jun 28, 2022 7:05am
Quoting iefx
{quote} Previously, UK retail sales was in negative state. BOE wont hike the rates in the near term. With the differential of the interest rates, most of the large money interested the biggest rates.
where the next boe meeting, they will do it.
europe will do it on july as far as i know,
but technically we are going down short term.
  • #665,948
  • Jun 28, 2022 7:07am Jun 28, 2022 7:07am
Eurgbp short tp 0.8608
  • #665,949
  • Jun 28, 2022 7:07am Jun 28, 2022 7:07am
Quoting ScalaFX
{quote} Yes, lets see price can respect last gap, if no, your target can be hit, cheers!
Im expect price can now one more time wants to touch the last gap, when respect one more time we can fall from this point 100-200 pips or we can fall from here too, when price no respect this, we are going for new hights and month can close higher than 2250 that's can be over for bears for some time, just toughts
People don't plan to lose. They lose because they don't plan.
  • #665,950
  • Jun 28, 2022 7:08am Jun 28, 2022 7:08am
Watch Gbpusd for a further push downwards
  • #665,951
  • Jun 28, 2022 7:12am Jun 28, 2022 7:12am
Quoting Whale
{quote} where the next boe meeting, they will do it. europe will do it on july as far as i know, but technically we are going down short term.
Current Euro rates is 0%. They supposed to hike at least 0.5% or more. There still a room for ECB to hike the rates. Meanwhile, UK is 1.25%. If BOE hike the rates with current situation, they confront recession risk. However, we just wait and see
  • #665,952
  • Jun 28, 2022 7:12am Jun 28, 2022 7:12am
New buy stop following the ranging shift, at 2242, where my
Quoting mtako
Just sold 2305, probable ceiling, 3rd time the charm?
Quoting mtako
{quote} This is where bulls have more chances of taking over, if they do; so I move SL at BE already
has new SL at 2242, securing +63.

Bears are at work !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #665,953
  • Jun 28, 2022 7:13am Jun 28, 2022 7:13am
Quoting iefx
{quote} Current Euro rates is 0%. They supposed to hike at least 0.5% or more. There still a room for ECB to hike the rates. Meanwhile, UK is 1.25%. If BOE hike the rates with current situation, they confront recession risk. However, we just wait and see
thanks for the info.
  • #665,954
  • Jun 28, 2022 7:15am Jun 28, 2022 7:15am
Quoting ScalaFX
{quote} Yes, lets see price can respect last gap, if no, your target can be hit, cheers!
If this is the drop, i'm catching it on GBPjpy.
Let's see where it takes us.
Face 'ur fears & tame 'ur greed
  • #665,955
  • Jun 28, 2022 7:16am Jun 28, 2022 7:16am
run smoothly finally, im not it the trade, i swear i will enter after 1.195 will hit again.
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  • #665,956
  • Jun 28, 2022 7:17am Jun 28, 2022 7:17am
Buy stop 22316! lets see how many bulls are lurking here, if any!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #665,957
  • Jun 28, 2022 7:17am Jun 28, 2022 7:17am
Quoting mtako
New buy stop following the ranging shift, at 2242, where my{quote}{quote}has new SL at 2242, securing +63. Bears are at work ! {image}
The bear is roaringgg!
  • #665,958
  • Jun 28, 2022 7:20am Jun 28, 2022 7:20am
buy stop 22237
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #665,959
  • Jun 28, 2022 7:21am Jun 28, 2022 7:21am
Quoting Whale
run smoothly finally, im not it the trade, i swear i will enter after 1.195 will hit again. {image}
Oh no! You earlier show a Perfect setup with high probability, I was think that you opened this, shame
People don't plan to lose. They lose because they don't plan.
  • #665,960
  • Jun 28, 2022 7:24am Jun 28, 2022 7:24am
choose wisely
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