Cable Update (GBPUSD)

Triple bottom? Holding all longs underwater, will add more if ..

Gbpjpy long above 163.300, short below

Almost there

They are just used as bullet point for emphasis...

Notice DXY respecting 110

Hold it !!!!!

Crooky bulls trap

Hopefully we break the bottom tonight. Been shorting everything. It was a great decision to start hedging my long (0.05 lot) with 0.60 lot. Made good profit today!

I will buy before Powell if we keep heading down till dawn.

Break up, yea baby !
You shell not drop below 1.14500 mf !

That prev 1hr x 3 now/ 4hr x 2/minor dly sw lo zone running down to 1350 (current yrly lo) holds for now on 2nd 1hr re-test of the zone @ 1357 current dly lo. Still bearish overall though. Triple top on 1hr (double top on 4hr) making up the prev res = pot res zone up to current dly hi.

1hr below

U.s inflation has in past couple of months or so shown signs of topping out, so the Fed's Fomc likely to go with +0.75% not +1.00% to try and avoid a so-called hard landing, per discussion earlier today in this thread. If this comes to be tomorrow (Weds,) how will the market view it? Will they be disappointed and sell $, or buy more? Perhaps they may start selling $'s anyway because it may signal to them that further aggressive rate rises are off the cards now? The fed and Boe have said they will data lead so it all depends on that really. Speaking of Boe, their Mpc is a generally more cautious/conservative body and are likely to go with +0.5% not the much-hyped +0.75% or more. Market is expecting 3.75% headline rate by year-end according to a lot of commentators, so from what with a +0.5% rise on Thursday would be 2.25%, there is still a fair way to go to meet that expectation/forecast, but a big leap up from 0.1% that started the year. I think it is fair to say that Boe Mpc have been behind the curve a bit on inflation! They may be encouraged by this mth's inflation data that on cpi at least showed signs of potentially topping out?

An interesting two trading days ahead. As a trader (not a consumer!) I don't care what they do as long as it's something to result in volatility, and the nirvana for us traders, - momentum and volatility!

Anything can happen. Trade what you see - not what you think.

Triple indeed. However, that doesn't change the outcome I'm expecting tomorrow (Pound down!!)

BREAKING!!

Ukraine war latest: Putin due to address nation for first time since invasion - with leader set to announce escalation of war; 'mobilisation and martial law' mentioned in new Russian law; 'panic' in Kremlin

Russia-Ukraine WarKremlin Pushes for Staging Annexation Votes; U.S. Calls Them a ‘Sham’


Putin to give address after four occupied areas of Ukraine announce ‘vote’ on joining Russia
The Russian president Vladimir Putin will be giving an address at 6pm UK time this evening, when he expected to address today’s news that parts of Ukraine held by Russian troops will hold referendums on joining Russia.

damn with mobilisation (if it means what i think it means) that changes everything. This thing will never end.

take a selfie let me see

If the referendum goes through for Donetsk and Luhansk and they unite with Russia, Ukraine is going to strike.

Meaning, real war, meaning USD again appreciating insanely.

Edit: looks like it's postponed until tommorow but be on the lookout!! USD could go insane.

ScalaFX all of your triple bottoms unfortunately just fell in the water! Trade with caution, this month there is no holding positions.

Where's the stop loss?

You do mean 11350 right?

yes