Cable Update (GBPUSD) | Page 33396 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #667,901
  • Jul 7, 2022 10:53am Jul 7, 2022 10:53am
Hi,

I think there is a strong correlation between GBP and with whats happening to Gold as the downward momentum has been in play for weeks now.

In my opinion cable down momentum is in tact for further selling as risk appetite weakening.

I think selling high is still the best way let's wait and see.

Thanks
I always knew that someday I would make it big
  • #667,902
  • Jul 7, 2022 11:01am Jul 7, 2022 11:01am
Quoting Jolita
{quote} Thanks T!
you welcome
  • #667,903
  • Jul 7, 2022 11:13am Jul 7, 2022 11:13am
Jolita and gentlemen's Boris johnson is the first PM that resigned and the market response is sidewalk!!! nobody care?
  • #667,904
  • Jul 7, 2022 11:37am Jul 7, 2022 11:37am
Quoting Pat Chiko
My trade are mostly on scalping , trying to catch few good moves in single day, either impulse or corrective using H4 Chart as ancor. Thank You
I see your point, I mostly chart 3Day or 90 renko for bigger swing but this is for stocks. *also this is why forex is x4-5 times more 'tiring' than stocks...

You seem to be on the right time frame for the small swing/reversals with 30min.&4hr combo
  • #667,905
  • Jul 7, 2022 11:49am Jul 7, 2022 11:49am
Quoting Pat Chiko
{quote} UJ I always look at structure to decide in taking trades. This pair going to get tighter ( compressed) soon. No much meat available, until it break either way. Just my personal view {image}
"compressed" or "trend squeeze" even on higher TF

you can tell that by looking at price range 'compressed' in yellow highlighted bar.
(still bullish but it seems like it can go both ways - especially if it can't break top with too many days)
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB


maybe Sell Stop order below 134
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 2 KB
  • #667,906
  • Jul 7, 2022 12:12pm Jul 7, 2022 12:12pm
...price presently struggling to make any further upside progress at that prev 1hr sw hi x 2 zone = prev res = pot res, leading to current dly hi, which is at bottom of a 3 fib cluster. Even the markets have given a vote of no confidence/ambivalence to the clown due to leave Downing Street lol!

Speaking of clowns, tomorrow, U.s NFP etc circus rolls into town, Could cause a flutter?

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
Trader with an Edge.
  • #667,907
  • Jul 7, 2022 12:15pm Jul 7, 2022 12:15pm
fed having fun again...nothing special/ different from last meeting minute
  • #667,908
  • Jul 7, 2022 12:16pm Jul 7, 2022 12:16pm
Quoting erez h
Jolita and gentlemen's Boris johnson is the first PM that resigned and the market response is sidewalk!!! nobody care?
Ha, he was pushed out since Brexit, finally resigned, but... he is planning to stay until autumn, majority wants him out and now! If not, more voting.
  • #667,909
  • Jul 7, 2022 12:43pm Jul 7, 2022 12:43pm
Quoting Pat Chiko
{quote} UJ I always look at structure to decide in taking trades. This pair going to get tighter ( compressed) soon. No much meat available, until it break either way. Just my personal view {image}
We will have best example of head % shoulders pattern on USD/JPY (Daily TF).
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 28 KB
  • #667,910
  • Jul 7, 2022 12:49pm Jul 7, 2022 12:49pm
Super slow now.
1 hr chart 20 Ema trying hard to cross over 50 Ema, maybe will reach R2 tonight 1.2043ish.
Stochs telling no, get ready to sell.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20220707_18.45.png Size: 30 KB
  • #667,911
  • Jul 7, 2022 1:02pm Jul 7, 2022 1:02pm
Manually closed my shorts in minor losses
Face 'ur fears & tame 'ur greed
  • #667,912
  • Jul 7, 2022 1:08pm Jul 7, 2022 1:08pm
Quoting TheWolf
{quote} We will have best example of head % shoulders pattern on USD/JPY (Daily TF). {image}
I honestly do not see the point of the intense discussion on UsdJpy in the cable thread, nevertheless to take it to bed. Uj is stuck between 137 and 135 and has been so for the last 3 weeks. I do believe the next course of direction is below 135 and I would look to sell as high as possible.
Cheers.
Trade to trade another day
  • #667,913
  • Jul 7, 2022 1:15pm Jul 7, 2022 1:15pm
I think the same, let's see the top first.
Great opportunity if you wait enough...

Quoting TheWolf
{quote} We will have best example of head % shoulders pattern on USD/JPY (Daily TF). {image}
  • #667,914
  • Jul 7, 2022 1:20pm Jul 7, 2022 1:20pm
Quoting Wavegarrick
{quote} I honestly do not see the point of the intense discussion on UsdJpy in the cable thread, nevertheless to take it to bed. Uj is stuck between 137 and 135 and has been so for the last 3 weeks. I do believe the next course of direction is below 135 and I would look to sell as high as possible. Cheers.
Thanks for sharing the opinion! For any updates on USD/JPY I will post it on USD/JPY forum only.
  • #667,915
  • Jul 7, 2022 1:21pm Jul 7, 2022 1:21pm
Quoting openyoureyes
I think the same, let's see the top first. Great opportunity if you wait enough... {quote}
Indeed!
  • #667,916
  • Jul 7, 2022 1:26pm Jul 7, 2022 1:26pm
Hahaha sorry, but this just came in on Forex Factory two minutes ago which I fnd quite funny..

Anyway,

USD/JPY Price Analysis: Bearish H&S in the making? From FXStreet.

Okey, I'm done with USD/JPY on this forum now.
  • #667,917
  • Jul 7, 2022 1:30pm Jul 7, 2022 1:30pm
Quoting Jolita
{quote} Try to chill nAvin, watch Wimbledon games, what a great win for Nadal! Only a few left in No 10, BJ hours can be counted, and it should lift GBP up, positivity for the country.
I havent had a chance to watch tennis..
been so busy with work..Hope u are good?
  • #667,918
  • Jul 7, 2022 1:31pm Jul 7, 2022 1:31pm
Go go go
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-07-07-21-31-07-089_net.metaquotes.metatrader4.jpg Size: 759 KB
yes yes yes
  • #667,919
  • Jul 7, 2022 1:55pm Jul 7, 2022 1:55pm
Weekly divergence
daily divergence


waiting to play out
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2022-07-07 18-53-21-021.jpg Size: 348 KB
MY OPINION NOT FINANCIAL ADVISE
  • #667,920
  • Jul 7, 2022 2:11pm Jul 7, 2022 2:11pm
Quoting TheWolf
{quote} Thanks for sharing the opinion! For any updates on USD/JPY I will post it on USD/JPY forum only.
Hi, I though you are Forexwolf until I checked your profile out ok, I know now.
Forexgoose is top expert in UJ, his
predictions always correct.
277 traders viewing now, 1 is registered: