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Cable Update (GBPUSD)

  • #671,441
  • Jul 25, 2022 11:59am Jul 25, 2022 11:59am
Quoting bilal1947
{quote} {image}
Gap is still open by 13 pips :
close 2nd trade (92 pips),
open long a fresh one, which now set to BE
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"Exchange of hands"
  • #671,442
  • Jul 25, 2022 12:11pm Jul 25, 2022 12:11pm
Quoting Mnsgroup
try to long GU .. {image}
updated : close longs ..
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  • #671,443
  • Jul 25, 2022 12:24pm Jul 25, 2022 12:24pm
Quoting Moty
i had a feeling something fishy is going on {image}
Sunak and Truss will debate each other this eve on BBC1 from 9pm to 10pm. Pointless, none of them can change UK economy.
  • #671,444
  • Jul 25, 2022 12:28pm Jul 25, 2022 12:28pm
Quoting Jolita
{quote} Sunak and Truss will debate each other this eve on BBC1 from 9pm to 10pm. Pointless, none of them can change UK economy.
of the 2 at least Rishi has a brain cell. Truss is awful and will help the economy join the 3rd world. Not sure if it will have an effect on cable
Insane in the Brain..
  • #671,445
  • Jul 25, 2022 12:35pm Jul 25, 2022 12:35pm
The trend for Gbpusd for the week is downwards in my opinion. Currently short Gbpusd
  • #671,446
  • Jul 25, 2022 12:38pm Jul 25, 2022 12:38pm
+40pips higher can be, but better I sell
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Trendlines H1,H4, SMC
  • #671,447
  • Jul 25, 2022 12:47pm Jul 25, 2022 12:47pm
Quoting BeeTogether
{quote} of the 2 at least Rishi has a brain cell. Truss is awful and will help the economy join the 3rd world. Not sure if it will have an effect on cable
Does he? He is good game player, as a chancellor made economy sink, millions wasted on fraudulent loans. As a prime minister wont last long.

Truss is ahead by 68% to 32% Sunak.

I support none of them.
  • #671,448
  • Jul 25, 2022 1:26pm Jul 25, 2022 1:26pm
Hi!
H4 chart, just to be cautious with shorting, I could be wrong
P.S. also break of 212x is a break out D1 wedge with potential target to 1.28x, trade safe all!
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People don't plan to lose. They lose because they don't plan.
  • #671,449
  • Jul 25, 2022 1:43pm Jul 25, 2022 1:43pm
Truss v Sunak under scrutiny
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  • #671,450
  • Jul 25, 2022 1:49pm Jul 25, 2022 1:49pm
Quoting Jolita
{quote} I have 3 trades on gold, big money bought at 1680. Was it you? {image}
You already closed your longs? I will be buying on that QM when get there, also 61% fibo, placing some pendings from 1706 till 1700
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People don't plan to lose. They lose because they don't plan.
  • #671,451
  • Jul 25, 2022 2:02pm Jul 25, 2022 2:02pm
Quoting ScalaFX
{quote} You already closed your longs? I will be buying on that QM when get there, also 61% fibo, placing some pendings from 1706 till 1700 {image}

Closed one, still have 2 open.
Middle of the week I would expect to see higher, Gold > Dollar.
What is your view?
  • #671,452
  • Jul 25, 2022 2:03pm Jul 25, 2022 2:03pm
Quoting Jolita
{quote} Closed one, still have 2 open. Middle of the week I would expect to see higher, Gold > Dollar. What is your view?
Ive shared one post earlier
People don't plan to lose. They lose because they don't plan.
  • #671,453
  • Edited 4:45pm Jul 25, 2022 2:14pm | Edited 4:45pm
Quoting ScalaFX
{quote} Ive shared one post earlier
Ok, no idea what QM is. Haven't studied Pat's charts in depht, too bad I know!
I shared my chart on Gold thread, possible (correction: descending triangle pattern) to reach of 1500, but nothing is for sure, due to recession posibility and Russia relationship with Gold, I am buying against my own analysis.

Ok, got it now, same as HH, LL

https://forexbee.co/qm-pattern/
  • #671,454
  • Edited 4:47pm Jul 25, 2022 2:36pm | Edited 4:47pm
Quoting ScalaFX
{quote} You already closed your longs? I will be buying on that QM when get there, also 61% fibo, placing some pendings from 1706 till 1700 {image}
Price will aim to retest BO. Coming events might spark price up or continue 1500.
In current climate 50/50 chance.
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  • #671,455
  • Jul 25, 2022 2:53pm Jul 25, 2022 2:53pm
Quoting Jolita
{quote} Price will aim to retest BO. Coming events might spark price up or continue double bottom 1500. In current climate 50/50 chance. {image}
Thanks for your view! Lets see what PA makes this week, cheers!
People don't plan to lose. They lose because they don't plan.
  • #671,456
  • Jul 25, 2022 3:24pm Jul 25, 2022 3:24pm
Quoting Vincent1
Who will win ??? {image}
I had completely forgotten about this.
After more than a year, the winners are in the red circles.

As a reference, to indicate the winners at 3, 6 and 9 months, I took the whole range in which the pair moved in that month, from the first to the last day of the month (July 2021, October 2021 and April 2022). This is why at 12 months both 1.25 and 1.31 win. Taking only 29 of each month would have been too much. For the 1 month forecast I took into consideration the last week of May 2021 ....

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  • #671,457
  • Jul 25, 2022 3:34pm Jul 25, 2022 3:34pm
Quoting Vincent1
{quote} I had completely forgotten about this. After more than a year, the winners are in the red circles. As a reference, to indicate the winners at 3, 6 and 9 months, I took the whole range in which the pair moved in that month, from the first to the last day of the month (July 2021, October 2021 and April 2022). This is why at 12 months both 1.25 and 1.31 win. Taking only 29 of each month would have been too much. For the 1 month forecast I took into consideration the last week of May 2021 .... {image}
Thanks for that - pretty cool

There are some banks who OBVIOUSLY got it wrong - big time!
...because you never know - until you do!
  • #671,458
  • Jul 25, 2022 4:05pm Jul 25, 2022 4:05pm
Quoting Jolita
{quote} Does he? He is good game player, as a chancellor made economy sink, millions wasted on fraudulent loans. As a prime minister wont last long. Truss is ahead by 68% to 32% Sunak. I support none of them.
I agree both are bad. Truss wants to rip up the Brexit accord Rishi’s silver spoon upbringing means he just don’t care
Insane in the Brain..
  • #671,459
  • Jul 25, 2022 4:34pm Jul 25, 2022 4:34pm
Quoting BeeTogether
{quote} I agree both are bad. Truss wants to rip up the Brexit accord Rishi’s silver spoon upbringing means he just don’t care
Truss plans are to tackle inflation, interest rates to 7%, wth?
Mortgage rates already rising monthly, 7% we end up paying double the amount. No financial clue at all.
  • #671,460
  • Jul 25, 2022 6:27pm Jul 25, 2022 6:27pm
Coincidental sequenced
weekly lows, hmm

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