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Cable Update (GBPUSD)

  • #689,121
  • Sep 28, 2022 9:19am Sep 28, 2022 9:19am
Looks like when the cable spikes up (Maybe BoE buying) then there is a drop (Short positions opening)
Maybe I am wrong but looks like a bull trap setting up for a drop again.
May the PIP's be with you.
  • #689,122
  • Sep 28, 2022 9:24am Sep 28, 2022 9:24am
Quoting bilal1947
{quote} every box i draw has it's premium, mid level and discount.
Sorry that means nothing to me, try to explain it as if I was a child
  • #689,123
  • Sep 28, 2022 9:26am Sep 28, 2022 9:26am
Monthly
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  • #689,124
  • Sep 28, 2022 9:32am Sep 28, 2022 9:32am
Looking for a drop zone entry … 50 pence a pip ready to make my million (Zimbabwean dollars)
Insane in the Brain..
  • #689,125
  • Sep 28, 2022 9:32am Sep 28, 2022 9:32am
Quoting Waveskierrob
{quote} Sorry that means nothing to me, try to explain it as if I was a child
haha.. General Sarris!
Naked trading the way nature intended.
  • #689,126
  • Sep 28, 2022 9:33am Sep 28, 2022 9:33am
WEEKLY
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  • #689,127
  • Sep 28, 2022 9:34am Sep 28, 2022 9:34am
I have seen a better trade. Long EU. TP 0.9800. I see the curve and I love it.
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  • #689,128
  • Sep 28, 2022 9:34am Sep 28, 2022 9:34am
Quoting Waveskierrob
{quote} Sorry that means nothing to me, try to explain it as if I was a child
dont worry some get it exactly the next day, dont rush
"Exchange of hands"
  • #689,129
  • Sep 28, 2022 9:35am Sep 28, 2022 9:35am
Quoting bilal1947
{quote} dont worry some get it exactly the next day, dont rush
ok thanks
  • #689,130
  • Sep 28, 2022 9:35am Sep 28, 2022 9:35am
Quoting elbert3
Did anybody have 61.8fib ext
If this works out then 1.150 and 1.1110 should be the target
  • #689,131
  • Sep 28, 2022 9:37am Sep 28, 2022 9:37am
Waiting for the crash. This bull run doesn't seems to last.
Exhausted
  • #689,132
  • Sep 28, 2022 9:40am Sep 28, 2022 9:40am
Quoting WizardTrade
My updated view {image}
Price respecting the trendline again. Watchout bulls
WARNING: This post warps space and time in its vicinity.
  • #689,133
  • Sep 28, 2022 9:45am Sep 28, 2022 9:45am
No doubt now BoE is buying to what end?
These kinds of swings occur with intervention or major Geo political events
Look to the East Russia is still not out of the picture
May the PIP's be with you.
  • #689,134
  • Sep 28, 2022 9:48am Sep 28, 2022 9:48am
I honestly think it will crash to end the session. Just Powell's talking causing USD to go soft. Bad home sales data would be shrugged off.

1.0737 short.
  • #689,135
  • Sep 28, 2022 9:52am Sep 28, 2022 9:52am
Quoting ForexGoose
{quote} price action is not that good, which may cause this pair to reverse back down it needs to get above 1.08 soon if there will be a meaningful rally {image}
it is struggling to rally towards 1.08
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #689,136
  • Sep 28, 2022 9:52am Sep 28, 2022 9:52am
EU tested the low of that crash and formed a bullish divergence so it's a confident trade going long. GU on the other hand hasn't got near the low and yet it's trying to fly up. I'll leave it for the experts. EU I am confident will give close to 0.99 to close the month.
  • #689,137
  • Sep 28, 2022 9:58am Sep 28, 2022 9:58am
Quoting WizardTrade
{quote} Price respecting the trendline again. Watchout bulls
What trendline ? Show me the chart please even I have pending short
  • #689,138
  • Sep 28, 2022 10:00am Sep 28, 2022 10:00am
Watching on the minute tick you see big jumps in buy price followed by selling (shorts I think)
Pretty sure BoE involved to prevent Pound crash
This will crater just not sure when it could be a quick drop.
Europe market will close 11:00 eastern wonder if the buy will reverse at that point?
May the PIP's be with you.
  • #689,139
  • Sep 28, 2022 10:03am Sep 28, 2022 10:03am
Quoting Robinhood1
Posibility reaching around 1.0800. I may be wrong
This is it now, down we go for one more wave. I may be wrong
POSTMASTER
  • #689,140
  • Sep 28, 2022 10:03am Sep 28, 2022 10:03am
maybe one more push to the up side???
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
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