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Cable Update (GBPUSD)

  • #668,641
  • Jul 11, 2022 11:56am Jul 11, 2022 11:56am
Quoting PatienceFx
price significanty below 20 sma - 74 pips chance of a fresh short Zero {image}
so if a chance for a fresh entry is zero, then why close a winning trade
  • #668,642
  • Jul 11, 2022 11:57am Jul 11, 2022 11:57am
Quoting Wavegarrick
{quote} Hi Guys, Up to now I have been using these little pullbacks to get into better buy positions. Can we snap out of this descending channel? We are about to see. I am getting subtle bullish hints from a 4 hr perspective. Anyway, early days and anything can happen. Have a great weekend. Cheers. {image}
Have some buy trades set up here with stops below 1.18500.
Trade safe folks and have a great week,
Cheers.
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Trade to trade another day
  • #668,643
  • Jul 11, 2022 11:58am Jul 11, 2022 11:58am
Quoting Pat Chiko
GU Want to short again ? Maybee , tomorrow......... {image}
GU

Scalp long

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #668,644
  • Jul 11, 2022 12:04pm Jul 11, 2022 12:04pm
Quoting eyefeelsix
{quote} {quote} hope this is easy to read, my waves updated : {image}
I move trailing stop to 1.1900 --- six of eight profits in the vault, I don't want the market to take it back
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https://breakpullback.com
  • #668,645
  • Jul 11, 2022 12:08pm Jul 11, 2022 12:08pm
update about GU 5min renko

showing some revival, if break cloud 1.18955 is the low TF reversal.
(but mid-long term is ofc bearish.)
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  • #668,646
  • Jul 11, 2022 12:11pm Jul 11, 2022 12:11pm
Bailey speech

Key takeaways
"UK is facing a very big real income shock."
"We need to assess how much real income shock will bring down inflation itself."
"We expect inflation to be back to target in around two years, other things being equal."

Market reaction
These comments failed to help the British pound find demand and the GBP/USD pair was last seen losing 1.1% on a daily basis at 1.1866..
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #668,647
  • Jul 11, 2022 12:16pm Jul 11, 2022 12:16pm
Am worried about my longs, there is nothing in the pair right now to even look at an upswing. Not helped by the Tory leadership contest which could add more fuel to the fire
Insane in the Brain..
  • #668,648
  • Jul 11, 2022 12:16pm Jul 11, 2022 12:16pm
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yes yes yes
  • #668,649
  • Jul 11, 2022 12:19pm Jul 11, 2022 12:19pm
why reversal now? - given current $$$ strength - nothing has changed...
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here DXY dollar index
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  • #668,650
  • Jul 11, 2022 12:24pm Jul 11, 2022 12:24pm
Quoting Wavegarrick
{quote} Have some buy trades set up here with stops below 1.18500. Trade safe folks and have a great week, Cheers. {image}
sir what is your total position on the trade is it a uptrend or downtrend the monthlly is showing a strong support to a uptrend but people said it is a downtrnd sir what is your thought thank you
  • #668,651
  • Jul 11, 2022 12:30pm Jul 11, 2022 12:30pm
end of 5min bull trend here.
again 1.19 refusal.

I expect 20-25 pip down test from here:
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I hold $$$$, no positions.
waiting for UJ
  • #668,652
  • Jul 11, 2022 12:43pm Jul 11, 2022 12:43pm
Quoting kingsleynwan
{quote} sir what is your total position on the trade is it a uptrend or downtrend the monthlly is showing a strong support to a uptrend but people said it is a downtrnd sir what is your thought thank you
Hi Kingsleynwan,
We are at reversal levels and I am not saying we are going to reverse here, the market can shoot down 200 pips and rise in the blink of an eye at these highly important and contested levels. If you decide to trade here make sure you have your stops in place. I say that specifically because swing levels are designed to take stops and more importantly traders who do not believe in stops. I will not sell at these low levels because the odds are stacking against bears.
Cheers.
Trade to trade another day
  • #668,653
  • Jul 11, 2022 12:43pm Jul 11, 2022 12:43pm
Quoting Pat Chiko
{quote} This is what has happens to Robert two weeks ago........... {image}
that was me! Lmao
Insane in the Brain..
  • #668,654
  • Jul 11, 2022 12:44pm Jul 11, 2022 12:44pm
to add:

dollar index is really strong, it is adding another leg in every pair.
just check DXY - don't burn your money now.
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wait for:
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or 1 week prior
  • #668,655
  • Jul 11, 2022 12:47pm Jul 11, 2022 12:47pm
Quoting Wavegarrick
{quote} Hi Kingsleynwan, We are at reversal levels and I am not saying we are going to reverse here, the market can shoot down 200 pips and rise in the blink of an eye at these highly important and contested levels. If you decide to trade here make sure you have your stops in place. I say that specifically because swing levels are designed to take stops and more importantly traders who do not believe in stops. I will not sell at these low levels because the odds are stacking against bears. Cheers.

I thought this at 1.28..this is madness
  • #668,656
  • Jul 11, 2022 12:50pm Jul 11, 2022 12:50pm
not madness really, EU Union will go crazy with rates in 2023
and for now USD is king
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  • #668,657
  • Jul 11, 2022 12:54pm Jul 11, 2022 12:54pm
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yes yes yes
  • #668,658
  • Jul 11, 2022 12:56pm Jul 11, 2022 12:56pm
about ichi again 5min:

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  • #668,659
  • Jul 11, 2022 1:02pm Jul 11, 2022 1:02pm
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..so be nice to other traders
  • #668,660
  • Jul 11, 2022 1:09pm Jul 11, 2022 1:09pm
Quoting Waveskierrob
{image}..so be nice to other traders
Soon to be suspended again
Trade to trade another day
253 traders viewing now, 1 is registered:
Price369