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Cable Update (GBPUSD)

  • #673,941
  • Aug 8, 2022 2:22am Aug 8, 2022 2:22am
Quoting Mnsgroup
short closed and switch to long. {image}
updated : closed and try to long again.
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  • #673,942
  • Aug 8, 2022 2:25am Aug 8, 2022 2:25am
Quoting epzero
{quote} The bulls will win the battles , Monday and Tuesday will buy then maybe we can see sell from Wednesday
what do you base this on?
Trader with an Edge.
  • #673,943
  • Edited 2:40am Aug 8, 2022 2:26am | Edited 2:40am
Quoting Moty
Time for long {image}
You are getting it wrong, always use m15 for your entry sir. Market went to 61.8% daily candle fibonacci level, testing 50% now. why are you buying instead of selling? And also, why are you buying in a down-trending market? can you justify your move pls?
  • #673,944
  • Aug 8, 2022 2:32am Aug 8, 2022 2:32am
UK is clearly in recession. Plus strong US economic data will push dollar higher. Its temporary bump in GU to push it down later. My opinion.
  • #673,945
  • Aug 8, 2022 2:40am Aug 8, 2022 2:40am
Quoting anandy1
UK is clearly in recession. Plus strong US economic data will push dollar higher. Its temporary bump in GU to push it down later. My opinion.
same idea, i think will the price will go down to friday's low. then going up again for retrace?
fflush was here
  • #673,946
  • Aug 8, 2022 2:41am Aug 8, 2022 2:41am
Quoting epzero
{quote} The bulls will win the battles , Monday and Tuesday will buy then maybe we can see sell from Wednesday
You might be right and on a different time frame I'm just in for the short term on this trade. I think in the short term of the next 1hr or so, and get down to the 5 min lows

nice risk to reward
Don't trade what you think. Just what you see!!!
  • #673,947
  • Aug 8, 2022 2:43am Aug 8, 2022 2:43am
@fflush it will all depend on CPI data which is due on Wednesday. If US CPI shows no signs of slowing down then DXY will move up like crazy. GU might be pushed to retest its recent lows. Looking at the strong US data i believe CPI will be on higher side and no strong news on GBP side to counter that (except for sunak win may be ?).
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  • #673,948
  • Aug 8, 2022 2:44am Aug 8, 2022 2:44am
When you want scalp some you can take long but first click H4 and think you wanna save or burn your money likely PA will be searching for liqudity down
People don't plan to lose. They lose because they don't plan.
  • #673,949
  • Aug 8, 2022 2:53am Aug 8, 2022 2:53am
...there is now 15min bullish hidden div - likely valid whilst above same 2067 - but the same caveat re the 1hr uptrend applies.

1hr below

1hr fractal swings below
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Trader with an Edge.
  • #673,950
  • Aug 8, 2022 2:57am Aug 8, 2022 2:57am
Gbpjpy short tp 162.500
  • #673,951
  • Aug 8, 2022 3:02am Aug 8, 2022 3:02am
Quoting Theoak
{quote} You might be right and on a different time frame I'm just in for the short term on this trade. I think in the short term of the next 1hr or so, and get down to the 5 min lows nice risk to reward
Short in at 1.2086 target 1.2049 (5 min lows) stop loss 1.2101
Don't trade what you think. Just what you see!!!
  • #673,952
  • Aug 8, 2022 3:06am Aug 8, 2022 3:06am
GU H4 REE Sell in play

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"bad trades at times do happen even when the set up are good"
  • #673,953
  • Aug 8, 2022 3:06am Aug 8, 2022 3:06am
Quoting GODofMC
Sell out, doesnt want trade agains our senior here Floating 20 pips only take out 7 pips {image} may revisit low, mut may this drop only retracement{image}
The is slight hope for short term buyer.
Return to m5 channel
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for bigger picture still cloudy
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while i choose out of buy at BEP
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #673,954
  • Aug 8, 2022 3:11am Aug 8, 2022 3:11am
find the best entry and scale

this air gonna range a while before some fire
MY OPINION NOT FINANCIAL ADVISE
  • #673,955
  • Aug 8, 2022 3:22am Aug 8, 2022 3:22am
Quoting carbonmimeti
long now on triple support: circle orizzontal line from 1/2 angle 61.8% fibo {image}
close on sma 15 of TF 15

may be now short for closing 1 day cycle
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  • #673,956
  • Aug 8, 2022 3:27am Aug 8, 2022 3:27am
GU will continue going down throughout the week.
  • #673,957
  • Aug 8, 2022 3:27am Aug 8, 2022 3:27am
Short 1.20813
TP 1: 1.20376
TP 2: 1.19807
  • #673,958
  • Aug 8, 2022 3:27am Aug 8, 2022 3:27am
Got time to see, ok a good spike to down, 2125 limit intact and now breaks up 2091 to breakdown now possible, to 2070/2046 to previous low and more. Lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #673,959
  • Aug 8, 2022 3:28am Aug 8, 2022 3:28am
...just as the bulls began to gain some traction after the p/back, the bears ain't letting it go without a fight.

1hr below
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Trader with an Edge.
  • #673,960
  • Aug 8, 2022 3:29am Aug 8, 2022 3:29am
Quoting TonyHoney
GU will continue going down throughout the week.
based on what analysis?
Trader with an Edge.
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