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Cable Update (GBPUSD)

  • #677,961
  • Aug 24, 2022 5:26am Aug 24, 2022 5:26am
Quoting Matej.FX
{quote} We might have booked too early..
may be
Intraday only.
  • #677,962
  • Aug 24, 2022 5:33am Aug 24, 2022 5:33am
Grrrr! Bulls on chai break?
Insane in the Brain..
  • #677,963
  • Aug 24, 2022 5:34am Aug 24, 2022 5:34am
Quoting Pat Chiko
{quote} GU We might still be bearish. Don't lose focus. The last aggressive buy only presents more opportunities to make money in the market. Utilise it. Pound bulls turn hesitant ahead of key events. Interim resistance seems to have formed at 1.1850. (gap area) Watching pre-event movement (Powell's Friday speech). The implication here is that I expect the market to go into Powell's Friday speech with the USD high a. May be that the market can still raise for GBPUSD to sell better, filling up the gap for liwqudity. {image}{image}

GU

End of scalping meet target.
Find better place to sell for next major news impact.
Attached Image (click to enlarge)
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P/S Thanks for Moty's Hammer, done the job
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #677,964
  • Aug 24, 2022 5:36am Aug 24, 2022 5:36am
Quoting Pat Chiko
GBP In case you’re wondering why the GBP British pound is taking a beating. Energy (gas, oil) and commodities (food, metals) are priced in dollars so every 1% drop in the pound adds to cost of living crisis. And to make it interesting, UK money printing has gone through the roof. The Bank of England’s reserve balance, which is increased to finance quantitative easing - £954 billion on 17 August - an increase of almost £500bn since January 2020. This isn’t sustainable. It devalues and causes inflation. If GBP/USD break below the 1.1760 July low to...

With UK warning of lengthy end of year recession and,
Fed Powell expected to be hawkish at JACKSON HOLE,
this GBPUSD ZIP has Sell signal
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #677,965
  • Aug 24, 2022 5:38am Aug 24, 2022 5:38am
Quoting tito5615104
{quote} i agree with you, so i sold very small lot to 1.1780 {image}
done
good luck
  • #677,966
  • Aug 24, 2022 5:38am Aug 24, 2022 5:38am
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Read the chart... Fundies are catalyst...
  • #677,967
  • Aug 24, 2022 5:42am Aug 24, 2022 5:42am
Quoting Theoak
{quote} There you go buddy. This how I see it. Today is going to be a pain in the a*s. Ranging. I can't be bothered as yesterday took it out of me. Higher trendline off 4hr. Failed Bull flag... and a confirmed Lower high. Obviously if it starts breaking up, but we will deal with that if it happens. This will drop now by about 40 pips mess about a bit for you range scalp guys.. Just going to let it play out. I've got better pairs on the go!! This pair is going to range all day and I want to be in a trending market!!!! ! {image}
Plan the work: work the plan

50 pips in the bank... 1/2 position, but might close as the scalp brigade will likely get involved and alt the progress
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Don't trade what you think. Just what you see!!!
  • #677,968
  • Aug 24, 2022 5:45am Aug 24, 2022 5:45am
The price needs to test r1 today.
I started buying now
Intraday only.
  • #677,969
  • Aug 24, 2022 5:45am Aug 24, 2022 5:45am
easiest template
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  • #677,970
  • Aug 24, 2022 5:50am Aug 24, 2022 5:50am
Quoting Lool
{quote} dxy likely to go down
Inflation at 8.5%, bond yields below 3%, the bond market is realizing that holding bonds might not be the greatest idea with such high inflation and without real signs of inflation decline, bonds selloff, bond yields increase while also creating demand for the USD! DXY moons.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #677,971
  • Aug 24, 2022 5:51am Aug 24, 2022 5:51am
G/M, over 61.8% of y/day's rise given back @ the current p/back lo of that rise.

1hr below
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Trader with an Edge.
  • #677,972
  • Aug 24, 2022 5:53am Aug 24, 2022 5:53am
Quoting Yngwie
Let see. sold 1823 SL 1850
ok close all. looking to long. maybe near 1750
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #677,973
  • Aug 24, 2022 6:02am Aug 24, 2022 6:02am
Quoting Fardeen1209
{quote} If that RSF Support zone(TP zone) dont hold, next support Qm?

Yes Bro, agreed with your view on that.

I;m waititng for price to move first and take the trade once it show the direction.
May be it will consume QM level at NYO.

Taking Short for Qwuick Scalp good for 30 pips
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #677,974
  • Aug 24, 2022 6:11am Aug 24, 2022 6:11am
Not sure if we have seen todays low but if we have then a rise up towards yesterday’s high could be our next line of major resistance

there is some data in around 90mins let’s see where we go from there
Insane in the Brain..
  • #677,975
  • Aug 24, 2022 6:13am Aug 24, 2022 6:13am
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yes yes yes
  • #677,976
  • Aug 24, 2022 6:15am Aug 24, 2022 6:15am
Hopefully they dump it to 1740 where I have my pending buy order. There also is a possible right shoulder of an inverse HS pattern. From there I will target 50% fib as shown on my chart, which is around 1994.
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  • #677,977
  • Aug 24, 2022 6:20am Aug 24, 2022 6:20am
Quoting BeeTogether
Not sure if we have seen todays low but if we have then a rise up towards yesterday’s high could be our next line of major resistance there is some data in around 90mins let’s see where we go from there
Hey Sohail,
heard that you have newest Brentford recruit.

Congrats Bro.........
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #677,978
  • Aug 24, 2022 6:21am Aug 24, 2022 6:21am
So we back to yesterdays R turnend support were the break out happenend.....weak USD data should send guru up short term....
average dude treading water
  • #677,979
  • Aug 24, 2022 6:24am Aug 24, 2022 6:24am
Quoting Pat Chiko
{quote} Hey Sohail, heard that you have newest Brentford recruit. Congrats Bro......... {image}
the bees are swarming all over the place! Glad to see your back !
Insane in the Brain..
  • #677,980
  • Aug 24, 2022 6:31am Aug 24, 2022 6:31am
Quoting Pat Chiko
{quote} Yes Bro, agreed with your view on that. I;m waititng for price to move first and take the trade once it show the direction. May be it will consume QM level at NYO. Taking Short for Qwuick Scalp good for 30 pips {image}

GU

Does GU want to gimme the 30 pips ?. Until NYO ?

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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