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Cable Update (GBPUSD)

  • #666,101
  • Jun 28, 2022 5:27pm Jun 28, 2022 5:27pm
JPY is not ready yet.....
My telegram: https://t.me/avidforex
  • #666,102
  • Jun 28, 2022 5:31pm Jun 28, 2022 5:31pm
GBPJPY LONG
My telegram: https://t.me/avidforex
  • #666,103
  • Jun 28, 2022 5:31pm Jun 28, 2022 5:31pm
Quoting BigNumbers
JPY is not ready yet.....
Dont buy the yen mate. BOJ keep easing their policy
  • #666,104
  • Jun 28, 2022 6:16pm Jun 28, 2022 6:16pm
Quoting Pat Chiko
A reminder that the CB Consumer Confidence numbers come out at 10:00am EST This is a leading indicator of consumer spending, which accounts for a majority of overall economic activity This is a high impact news event & will impact the $DXY + the price of crypto {image} Autogenerated: Economic Events Calendar: 28/06/2022 CB Consumer Confidence (Jun) USD @ 11:00 EST 29/06/2022 GDP (QoQ) (Q1) USD @ 09:30 EST 29/06/2022 Fed Chair Powell Speaks USD @ 10:00 EST
Please shed some light, if you wants to, else you can ignore .... since FED hikes the rate we expect dollar to go bullish yet it went bearish now this high impact news, somehow favors USD ! Why ?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
"Exchange of hands"
  • #666,105
  • Jun 28, 2022 6:21pm Jun 28, 2022 6:21pm
GBPUSD moving up and off the range bottom edge with an early grab at yesterday's low.

Fireworks should appear from the mid range when the news hits.
I expect a jump up BUT... well anything can happen at this point in the cycle. We could even get a breakdown.
Given that the point of trading is to make easy money SAFELY, sometimes it's better to wait until the news is done with before trading.
  • #666,106
  • Jun 28, 2022 6:26pm Jun 28, 2022 6:26pm
Quoting donfriday
GU is looking for liquidity July 1.27-1.28 my target Trade your chart
I agree in principle. GU needs liquidity.
But let us trade what we see in chart.
Many loose money by predicting.
Cheers.
I am back.
Intraday only.
  • #666,107
  • Jun 28, 2022 6:33pm Jun 28, 2022 6:33pm
Quoting navk
{quote} I agree in principle. GU needs liquidity. But let us trade what we see in chart. Many loose money by predicting. Cheers. I am back.
Welcome back mate.
I believe your tummy is stable now
  • #666,108
  • Jun 28, 2022 6:43pm Jun 28, 2022 6:43pm
Quoting bilal1947
https://www.youtube.com/watch?v=hPORobp8BsQ&t=39s
nice video. Remind me to trade as a trader not gambler. seriously i agree with double account with 1 contract. i did it. and when i did it as gambler i blew up my account
  • #666,109
  • Jun 28, 2022 6:45pm Jun 28, 2022 6:45pm
Already taken +30 on this move back up.
  • #666,110
  • Jun 28, 2022 7:11pm Jun 28, 2022 7:11pm
Quoting iefx
{quote} Dont buy the yen mate. BOJ keep easing their policy
GJ may end up like UJ....
So I'm long
My telegram: https://t.me/avidforex
  • #666,111
  • Jun 28, 2022 7:12pm Jun 28, 2022 7:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 13 KB
yes yes yes
  • #666,112
  • Jun 28, 2022 7:16pm Jun 28, 2022 7:16pm
Quoting KlifeFx
{quote} Welcome back mate. I believe your tummy is stable now
It is behaving well since 12 hrs back.

That is why I am here.

I am back home too.
Intraday only.
  • #666,113
  • Jun 28, 2022 7:23pm Jun 28, 2022 7:23pm
Quoting Moty
{image}
Geez, why did you buy at the top edge of the range?
  • #666,114
  • Jun 28, 2022 8:17pm Jun 28, 2022 8:17pm
good morning everyone

lets try to find the most logical trade for today

 

  1. only news of importance today is US GDP numbers
  2. GU may fall

Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 24 KB
Click to Enlarge Name: 1.png Size: 35 KB
  • #666,115
  • Jun 28, 2022 8:23pm Jun 28, 2022 8:23pm
Quoting PatienceFx
good morning everyone lets try to find the most logical trade for today only news of importance today is US GDP numbers GU may fall {image} {image}
dropping to m15 to find a logical trade

  1. it says wait till UK open

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 22 KB
  • #666,116
  • Jun 28, 2022 8:29pm Jun 28, 2022 8:29pm
Quoting PatienceFx
{quote} dropping to m15 to find a logical trade it says wait till UK open {image}
on weekly the only thing visible below 1.22 is a ................
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 26 KB
  • #666,117
  • Jun 28, 2022 8:33pm Jun 28, 2022 8:33pm
Quoting bilal1947
{quote} Please shed some light, if you wants to, else you can ignore .... since FED hikes the rate we expect dollar to go bullish yet it went bearish now this high impact news, somehow favors USD ! Why ? {image}
Can start from here to understand.
babypips.com/learn/forex/interest-rates-101

It's not just Interest Rate alone determine currency strength.

Economy, Recession, Money Supply and Geo Politic does impact as well.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #666,118
  • Jun 28, 2022 8:56pm Jun 28, 2022 8:56pm
TODAY Data Release

Attached Image (click to enlarge)
Click to Enlarge Name: us GDP 2.png Size: 11 KB

Wednesday
Eurozone M3 Money Supply,
Eurozone EC Economic Sentiment,
Germany CPI,
US GDP,
US Corporate Profits,
Jerome Powell Speaks,
US State Street Investor Confidence Index,
US EIA Petroleum Status Report and US Survey of Business Uncertainty reports are scheduled.


There could be good news from US today evening.
The US GDP growth estimate for Q2 could be a positive number, though miniscule.

Thus, technical Recession could be possibly avoided.
See the below info from Federal Reserve of Atlanta.
Attached Image (click to enlarge)
Click to Enlarge Name: atlanta.jpg Size: 47 KB

Could trigger rally.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #666,119
  • Jun 28, 2022 9:08pm Jun 28, 2022 9:08pm
Quoting Pat Chiko
{quote} Can start from here to understand. babypips.com/learn/forex/interest-rates-101 It's not just Interest Rate alone determine currency strength. Economy, Recession, Money Supply and Geo Politic does impact as well.
True, a lot of thing that for me is better to watch the chart, it tells almost everything we need.
  • #666,120
  • Jun 28, 2022 9:15pm Jun 28, 2022 9:15pm
Quoting Pat Chiko
TODAY Data Release {image} Wednesday Eurozone M3 Money Supply, Eurozone EC Economic Sentiment, Germany CPI, US GDP, US Corporate Profits, Jerome Powell Speaks, US State Street Investor Confidence Index, US EIA Petroleum Status Report and US Survey of Business Uncertainty reports are scheduled. There could be good news from US today evening. The US GDP growth estimate for Q2 could be a positive number, though miniscule. Thus, technical Recession could be possibly avoided. See the below info from Federal Reserve of Atlanta. {image} Could trigger rally....
Is there a difference between

GU may fall
and
Could trigger a usd rally
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