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Cable Update (GBPUSD)

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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
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Quoting Wavegarrick
{quote} A mouthful I know with all my trades, but locked in. Looking for a retrace towards my weekly pivot at 1.21275 target 1.23000. Take care. {image}
Hi Leon, Glad to see you still active in this forum.
if i may ask, at what target of your long?
cause DXY for now is still too strong, hard to risk assets to beat it while Fed still hawkish for current condition.
Quoting Traderview
{image}{image}
1.2193 for bulls
Quoting T4Trade
{quote} I am impressed with your chart.what is this arrow indcator,it seems very nice,plz share the settings as well,thanks
Hi T4T,
The indicator is called "HGI_v16.09". Unfortunately it is exclusive to membership (free} and carries a yearly expiry date. Just google the indicator name. Settings are default.
Cheers.
Trade to trade another day
The low of the day is just 20 pips away.
London range is big.
If low breaks.... Then bearish daily candle
If high breaks bullish candle today.
I have stop at round number.
Above 2200 I will not hold short for the day.
But short scalp I will do.
Intraday only.
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Quoting navk
Range now 2157 to 2199. The daily candle will form based on break of either side now
August is usually scalpers heaven... Then September is usually a break out month... Just an observation.
In terms of drop I can’t see a drop below 12150 on the 1H
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Insane in the Brain..
Any ideas for usd/cad anyone? Thanks
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
Quoting hans91
{quote} Hi Leon, Glad to see you still active in this forum. if i may ask, at what target of your long? cause DXY for now is still too strong, hard to risk assets to beat it while Fed still hawkish for current condition.
Hi Hans,
I would be sticking my neck out if I give set targets especially when it comes to long term. As we know, nothing in Forex is cast in stone and lets just say that I would be happy if we close the 3rd quarter which consists of July, August and September, above 1.25000 and specifically towards my Yearly 50% fib retrace at 1.27533. On the Flip side, a monthly close below 1.20000 could spiral us towards 1.15000 and below. The trick for me is to trade like a scalper and lock in breakeven and some as quick as possible and let price action do its thing.
Cheers.
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Trade to trade another day
Quoting Wavegarrick
{quote} Hi T4T, The indicator is called "HGI_v16.09". Unfortunately it is exclusive to membership (free} and carries a yearly expiry date. Just google the indicator name. Settings are default. Cheers.
thanks a lot, have a blessed week full of pips.
I would have expected a bigger drop last week from up here, but it's not dropping.
Keeps making additional ranges higher and higher...

Price is going to roll off somewhere. Just got to wait and see which way it goes.
Not trading this right now.
Quoting EvilEye
I would have expected a bigger drop last week from up here, but it's not dropping. Keeps making additional ranges higher and higher... Price is going to roll off somewhere. Just got to wait and see which way it goes. Not trading this right now.
have to agree here, we should have seen a decent drop by now.. Asia session flirted with 220 but didn’t break was expecting a drop on LO.. will keep my shorted from 12175 on for time being
Insane in the Brain..
the plan now is to look for pull back and buy again i have closed all buys at 1.2240

Q3 remains bullish for me


trade with caution
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MY OPINION NOT FINANCIAL ADVISE
Golds next target 1778
Quoting donfriday
the plan now is to look for pull back and buy again i have closed all buys at 1.2240 Q3 remains bullish for me trade with caution {image}
where do you see a retrace to?
Insane in the Brain..
Gbpusd currently long tp 1.23200
Quoting BeeTogether
{quote} where do you see a retrace to?

2022 low 1.17 up to 1.27-1.28 then drop/range


2023 up to 1.30-1.32 then drop for new lows 1.15-1.12 and 1.10



DXY is bullish above 100.00 targets 125


PLS ITS MY VIEW

my overall view on the chart below bullish harmonic butterfly
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MY OPINION NOT FINANCIAL ADVISE
DXY is making a falling wedge. If it breaks the support 105.4 then it will fall badly. Next support for DXY is 105.2. Guess this will be broken in NY session post ISM results.
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