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Cable Update (GBPUSD)

  • #671,461
  • Jul 25, 2022 6:31pm Jul 25, 2022 6:31pm
Quoting Jolita
{quote} 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.
She is clueless!
Insane in the Brain..
  • #671,462
  • Jul 25, 2022 7:20pm Jul 25, 2022 7:20pm
Probably won't trade today. Got to let the market figure out what it's going to do next up here.
  • #671,463
  • Jul 25, 2022 8:31pm Jul 25, 2022 8:31pm
Quoting Moty
i had a feeling something fishy is going on {image}
Nice call,
Im not in long, but at least cut loss yesterday short
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #671,464
  • Jul 25, 2022 8:45pm Jul 25, 2022 8:45pm
Audjpy long
eurjpy long
gbpjp long
My telegram: https://t.me/avidforex
  • #671,465
  • Jul 25, 2022 8:59pm Jul 25, 2022 8:59pm
I feel like this area could potentially provide some resistance due to the confluence of a longer term trendline plus the 100 period MA on the 8H chart. Was also previously an area of minor support back at the end of June. I'll be watching how it reacts around this area and will be looking for potential short setups.
Attached Image (click to enlarge)
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  • #671,466
  • Jul 25, 2022 9:07pm Jul 25, 2022 9:07pm
Quoting ICouldBWrong
I feel like this area could potentially provide some resistance due to the confluence of a longer term trendline plus the 100 period MA on the 8H chart. Was also previously an area of minor support back at the end of June. I'll be watching how it reacts around this area and will be looking for potential short setups. {image}
And to add to that, DXY is also currently testing the trendline shown below. Also near an area of previous resistance.
Attached Image (click to enlarge)
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  • #671,467
  • Jul 25, 2022 9:53pm Jul 25, 2022 9:53pm
Quoting tomie
{quote} Adjust TP GU re buy @ 1.20500..TP 1.20900
Done...succeeded !! (11 hr ago)
+40 pips ...yeh²
  • #671,468
  • Jul 25, 2022 10:06pm Jul 25, 2022 10:06pm
Quoting BigNumbers
Audjpy long eurjpy long gbpjp long
You will lose
  • #671,469
  • Jul 25, 2022 10:09pm Jul 25, 2022 10:09pm
I am looking for price correction down for next 4 to 6hrs.

Below round number.

The risk is round number.

Then once hourly support forms, one can go long again.
Intraday only.
  • #671,470
  • Jul 25, 2022 10:10pm Jul 25, 2022 10:10pm
Short GBPUSD

Entry 1.20899
SL 1.21000
TP Manual
fflush was here
  • #671,471
  • Edited 11:20pm Jul 25, 2022 10:26pm | Edited 11:20pm
Quoting navk
I am looking for price correction down for next 4 to 6hrs. Below round number. The risk is round number. Then once hourly support forms, one can go long again.
yes
downtrend for retrace is starting .... jeng³..
  • #671,472
  • Jul 25, 2022 10:45pm Jul 25, 2022 10:45pm
Quoting fflush
Short GBPUSD Entry 1.20899 SL 1.21000 TP Manual
15 min chart?
  • #671,473
  • Jul 25, 2022 10:57pm Jul 25, 2022 10:57pm
Quoting cantheman
{quote} 15 min chart?
TF30 , heres ny chart
Attached Image (click to enlarge)
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fflush was here
  • #671,474
  • Jul 25, 2022 11:02pm Jul 25, 2022 11:02pm
Quoting fflush
{quote} TF30 , heres ny chart {image}
Thanks, I trade candle patterns and on M15 clear reversal candle but top is 1.2089 but formation not clear until 1.2081.
Interesting if it comes down to 1.2059 because then it can go down even further.
  • #671,475
  • Jul 25, 2022 11:07pm Jul 25, 2022 11:07pm
So far it seems like there is going to be a tiny and quickly dealt with range up here.
Huge moving average is hovering just over head - ready for a selloff.
  • #671,476
  • Jul 25, 2022 11:18pm Jul 25, 2022 11:18pm
Quoting cantheman
{quote} Thanks, I trade candle patterns and on M15 clear reversal candle but top is 1.2089 but formation not clear until 1.2081. Interesting if it comes down to 1.2059 because then it can go down even further.
Can you share yours, i want to learn about it
fflush was here
  • #671,477
  • Jul 25, 2022 11:34pm Jul 25, 2022 11:34pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 17 KB
Attached Image (click to enlarge)
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yes yes yes
  • #671,478
  • Jul 25, 2022 11:36pm Jul 25, 2022 11:36pm
Quoting fflush
{quote} Can you share yours, i want to learn about it
Attached Image (click to enlarge)
Click to Enlarge Name: Skärmbild (52).png Size: 92 KB

Sellers are clearly rejecting 1.2089 and push it down to 1.2081 on M15. (This level has not been seen for a long time in M15)
It looks like H4 will follow up on that, around 1.2059. It is not an exact science but I have 60% winrate with average 1.5 RRR.
Attached Image (click to enlarge)
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  • #671,479
  • Jul 25, 2022 11:39pm Jul 25, 2022 11:39pm
Quoting Moty
{image}{image}
wrong
  • #671,480
  • Jul 25, 2022 11:43pm Jul 25, 2022 11:43pm
Quoting Moty
{image}{image}
Price is going to go up Moti.

May be in London session.

Until then a small sell off now.
Intraday only.
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