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Cable Update (GBPUSD)

  • #697,301
  • Oct 17, 2022 12:08pm Oct 17, 2022 12:08pm
Quoting Wavegarrick
{quote} Trade locked in at b/even and some and price must do its thing. {image}
Yes there will be a retrace so I can expect something back to 1.14000 for a possible scalp trade.
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  • #697,302
  • Oct 17, 2022 12:13pm Oct 17, 2022 12:13pm
1.16xxx is the target for Wednesday on CPI release
WARNING: This post warps space and time in its vicinity.
  • #697,303
  • Oct 17, 2022 12:17pm Oct 17, 2022 12:17pm
Quoting bilal1947
Short GU at 1.13955 - 5 pip SL
1H FVG has changed the Scenario, closing short going long at 1.13890 with 5pip SL
"Exchange of hands"
  • #697,304
  • Oct 17, 2022 12:18pm Oct 17, 2022 12:18pm
Gbpusd tp 1.14 then short
  • #697,305
  • Oct 17, 2022 12:20pm Oct 17, 2022 12:20pm
Quoting WizardTrade
1.16xxx is the target for Wednesday on CPI release
Interesting, then you short it back to 1.12 or 1.08?
  • #697,306
  • Oct 17, 2022 12:21pm Oct 17, 2022 12:21pm
Gold short at 1660
  • #697,307
  • Oct 17, 2022 12:22pm Oct 17, 2022 12:22pm
Quoting dantpm
{quote} Interesting, then you short it back to 1.12 or 1.08?
Yep most probably to 1.12 first and if the momentum worked out well I may target 1.05 again
WARNING: This post warps space and time in its vicinity.
  • #697,308
  • Oct 17, 2022 12:26pm Oct 17, 2022 12:26pm
Quoting bilal1947
{quote} 1H FVG has changed the Scenario, closing short going long at 1.13890 with 5pip SL
Here is the Support and Resistance, no one going to teach you or show you for free.

Blue 1H - FVG and inside is 5M FVG - further see it in 1M
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"Exchange of hands"
  • #697,309
  • Oct 17, 2022 12:27pm Oct 17, 2022 12:27pm
Quoting Houtbay
Gold short at 1660
1550 !!!
  • #697,310
  • Oct 17, 2022 12:30pm Oct 17, 2022 12:30pm
Quoting WizardTrade
1.16xxx is the target for Wednesday on CPI release
Getting to 1.15 is a sure deal..
1.16xx highly likely also, in my opinion!

Tommorow I expect we hit 1.15 easily..
It's kind of obvious we will get there.

Why? Well, even if we are about to witness bad news for Pound on Wednesday (CPI), they will push the price higher before they drop the price after the news..

Why not take as much as SL's with you if you can right? They'll do it. Tommorow is green again! Only question left is, on which price should we start pushing that buy orders at.. ~1.135?

Fundamentally, there is no way on Earth Pound should dominate USD in the times of crisis and the real thing didn't even start yet..


On GBP/JPY they made sure that everyone who was selling Pound or had any sell orders are taken out. GBP/JPY at 170 today and it will go up even more making sure no short order could survive, before they eventually drop the price like mad with intervention. This is now the process of eliminating every SL there is on USD and JPY pairs. That's just my opinion.. We'll see I guess.

I did say, once they make you believe it's actually reversal rather then retracement, that's when they're going to drop the price like bosses.

With this philosophy, I wouldn't be surprised to see GBP/USD reaching even above 1.17, if that's what it takes to trick people.
  • #697,311
  • Oct 17, 2022 12:35pm Oct 17, 2022 12:35pm
My medium-term bias remain very bearish for GBP and stocks. However, we saw very positive risk mood today which (together with positive news) lifted the pound as well. I really hope for a big market rally in the next few weeks. I have little doubt that things will start to crash in the winter or even before, but would like to short from higher point. We haven't seen any reasonable rebound for stocks in the last two months, all the gains bulls made were very quickly given away. I want to see some hugely optimistic buy-the-dip and FOMO mentality that should come just before the fall.

Talking of pound, however, I can't see that much of an upside. 1.15 is very close and should probably be achieved. 1.16? Also possible; one expects liquidity between 1.15 and 1.16. 1.20? Looks like a stretch, I think we will need a good earnings season to go there.
  • #697,312
  • Oct 17, 2022 12:41pm Oct 17, 2022 12:41pm
Quoting VM.
My medium-term bias remain very bearish for GBP and stocks. However, we saw very positive risk mood today which (together with positive news) lifted the pound as well. I really hope for a big market rally in the next few weeks. I have little doubt that things will start to crash in the winter or even before, but would like to short from higher point. We haven't seen any reasonable rebound for stocks in the last two months, all the gains bulls made were very quickly given away. I want to see some hugely optimistic buy-the-dip and FOMO mentality that...
Actually I was thinking about 1.20 to be honest. However, that seems too far now to be considered. Let's see first if we were even correct with 1.15, 1.16xx..
I think we should be but.. you never know..
  • #697,313
  • Oct 17, 2022 12:43pm Oct 17, 2022 12:43pm
Gbpjpy tp 169.900
  • #697,314
  • Oct 17, 2022 12:55pm Oct 17, 2022 12:55pm
Quoting bilal1947
{quote} 1H FVG has changed the Scenario, closing short going long at 1.13890 with 5pip SL
Update: SL is HIT
"Exchange of hands"
  • #697,315
  • Edited 1:16pm Oct 17, 2022 1:01pm | Edited 1:16pm
Last long of GU at 1.13728 - 5 pip SL - from where these 5, 5 pips SL are coming ??

From the 100 pips i did in evening.

Update: SL HIT
"Exchange of hands"
  • #697,316
  • Oct 17, 2022 1:04pm Oct 17, 2022 1:04pm
Quoting Wavegarrick
{quote} Yes there will be a retrace so I can expect something back to 1.14000 for a possible scalp trade. {image}
And so it is Folks.
Scalp retest of 1.14000, These things happen daily, over and over again., All trades locked in b/even and some. Target 1.13500.
Cheers.
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  • #697,317
  • Oct 17, 2022 1:08pm Oct 17, 2022 1:08pm
Go short ON GBPUSD take 75 pips
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  • #697,318
  • Oct 17, 2022 1:08pm Oct 17, 2022 1:08pm
Still short gbpusd
  • #697,319
  • Oct 17, 2022 1:11pm Oct 17, 2022 1:11pm
Jump from the yellow area expected in the upcoming Asian or London sessions. Target at 1.166xx
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WARNING: This post warps space and time in its vicinity.
  • #697,320
  • Oct 17, 2022 1:13pm Oct 17, 2022 1:13pm
Quoting BigNumbers
Go short ON GBPUSD take 75 pips
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My telegram: https://t.me/avidforex
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