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Cable Update (GBPUSD)

  • #673,461
  • Aug 4, 2022 11:56am Aug 4, 2022 11:56am
DXY --- just thinking out loud
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  • #673,462
  • Aug 4, 2022 12:15pm Aug 4, 2022 12:15pm
Quoting T721
DXY --- just thinking out loud {image}
My guess it is, but still limited UP,

Today, just BEP
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #673,463
  • Aug 4, 2022 12:19pm Aug 4, 2022 12:19pm
Quoting GODofMC
{quote} My guess it is, but still limited UP, Today, just BEP {image}
Well done some nice trades
  • #673,464
  • Aug 4, 2022 12:28pm Aug 4, 2022 12:28pm
1.22 was rejected and 2062 holds
breaking one of these can serve as a path to tomorrow.
  • #673,465
  • Aug 4, 2022 12:30pm Aug 4, 2022 12:30pm
Quoting ForexGoose
if it stays above 1.21, bulls can take it higher later in the day {image}
fake bear today
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #673,466
  • Aug 4, 2022 12:35pm Aug 4, 2022 12:35pm
Last trade USDCad currently short tp 1.28400. Long at tp
  • #673,467
  • Aug 4, 2022 12:38pm Aug 4, 2022 12:38pm
Quoting Wavegarrick
{quote} Hi Guys, I am getting bearish confirmation signals on Usdx from a daily perspective. With the not so great result on Gbp rate expectations, we may go into a ranging period with Gu, who knows?. Eu may be a better prospect for longs as well as EurGbp. I play it as it comes and still holding onto my Gu longs but also have to admit that time is running out for bulls. My monthly pivot has been reached and so far a bounce off it. I still maintain that a weekly close below 1.20000 could spiral this pair towards 1.15000, however the 15th of this...
Hi Guys,
Why do I still hang onto my buy trades?. The reason is simple. We have had 2 days of long candle wicks from a daily perspective and also closing above my weekly pivot at 1.21282 (magenta line and yellow highlight). No stress and no fear at this point. I remain Bullish.
Cheers.
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Trade to trade another day
  • #673,468
  • Aug 4, 2022 12:45pm Aug 4, 2022 12:45pm
2062 helds but price broke a validated TL...to the downside.(4H chart best observation. is currently testing this break
so if I see 2030 I'm not surprised because it's 50 ret from the last move up
  • #673,469
  • Aug 4, 2022 12:58pm Aug 4, 2022 12:58pm
Quoting Theoak
{quote} I don't care what resistance, support or 4hr divergency or any other tech analysis. Come 12.00 then it's pure economics!!! Pure economics!!!
and was pure economics, FxStreet this morning - no matter what they do pound will be dovish.
https://www.fxstreet.com/analysis/ba...urce=NLsession
  • #673,470
  • Aug 4, 2022 1:00pm Aug 4, 2022 1:00pm
We now got to live with the recession, salary crunch, price surge, ffs get Bailey out!

BBC News - Bank of England warns the UK will fall into recession this year
https://www.bbc.co.uk/news/business-62405037
  • #673,471
  • Aug 4, 2022 1:03pm Aug 4, 2022 1:03pm
Quoting Wavegarrick
{quote} Hi Guys, Why do I still hang onto my buy trades?. The reason is simple. We have had 2 days of long candle wicks from a daily perspective and also closing above my weekly pivot at 1.21282 (magenta line and yellow highlight). No stress and no fear at this point. I remain Bullish. Cheers. {image}

My position will help take this mofo up
  • #673,472
  • Aug 4, 2022 1:05pm Aug 4, 2022 1:05pm
Quoting Wavegarrick
{quote} Hi Guys, Why do I still hang onto my buy trades?. The reason is simple. We have had 2 days of long candle wicks from a daily perspective and also closing above my weekly pivot at 1.21282 (magenta line and yellow highlight). No stress and no fear at this point. I remain Bullish. Cheers. {image}
Yes, me too, learned not to react early, markets take time to digest, perhaps 2-4 weeks bulish GU, then something else will be thrown at us.
  • #673,473
  • Aug 4, 2022 1:07pm Aug 4, 2022 1:07pm
Quoting Jolita
{quote} Yes, me too, learned not to react early, markets take time to digest, perhaps 2-4 weeks bulish GU, then something else will be thrown at us.

by that time USD material will be digested, watch this space..
just need to see 1.23
  • #673,474
  • Aug 4, 2022 1:19pm Aug 4, 2022 1:19pm
Jolita for the avarage British person has the cost of living increased much over the last 12 months?
  • #673,475
  • Aug 4, 2022 1:19pm Aug 4, 2022 1:19pm
Both is like toilet paper now , hope can wait for tomorrow
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #673,476
  • Aug 4, 2022 1:20pm Aug 4, 2022 1:20pm
And for the Americans in this forum have costs risen much?
  • #673,477
  • Aug 4, 2022 1:21pm Aug 4, 2022 1:21pm
Quoting tiborf71
{quote} tell me what you think is really behind the intraday commodity movement.

buyer and seller trying to get rich
  • #673,478
  • Aug 4, 2022 1:28pm Aug 4, 2022 1:28pm
No one has a voice? Daily living is more important than the nonsense of watching price movement
  • #673,479
  • Aug 4, 2022 1:31pm Aug 4, 2022 1:31pm
Closed USDCad short. Retired for the evening
  • #673,480
  • Aug 4, 2022 1:35pm Aug 4, 2022 1:35pm
Quoting profits7
{quote} _______________ banked 50% from TP1 = TP2 @1800 - - - possible that there is a TP3 ?!? ps; This is NOT goin in a straight line to 1800 = so use proper MM ! {image}

1800? Under current economical events I would say 1920. Could be wrong too.
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