Wooooohooooo or Boooooohooooo
Cable Update (GBPUSD)
- #698,361
- Oct 19, 2022 10:28pm Oct 19, 2022 10:28pm
- Joined Mar 2012 | Status: Gold anyone | 6,524 Posts
- #698,362
- Oct 19, 2022 10:37pm Oct 19, 2022 10:37pm
- Joined Nov 2021 | Status: I'm colorful and happy | 1,261 Posts
There is nothing wrong with being kind & loving to each other
- #698,364
- Oct 19, 2022 10:42pm Oct 19, 2022 10:42pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #698,366
- Oct 19, 2022 11:10pm Oct 19, 2022 11:10pm
- Joined Jun 2013 | Status: enjoying life | 23,868 Posts
- #698,369
- Oct 19, 2022 11:22pm Oct 19, 2022 11:22pm
- Joined Nov 2021 | Status: I'm colorful and happy | 1,261 Posts
Today we can have a small correction (B or B' ) Of course, it is also possible that the price will go down to the Zone Anyway, my plan today is based on Buy in the specified areas I bought some now & if the price comes down, I will enter with more lots. TP : B' {image} {image}
I still don't know what this move is about, but I'm done for today
Thanks Spike 
There is nothing wrong with being kind & loving to each other
- #698,370
- Oct 19, 2022 11:25pm Oct 19, 2022 11:25pm
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
On Daily chart, bearish,
On 4hr, no buying interest.
Fundamentals, no reason to buy GBP.
#1 Higher CPI => Higher RAte => Recession
#2 Higher CPI => BOE no hike by more than 50bps => Rate differentials
In both cases, Bearish for £.
Possible Todays Movement:
Best scenario => Ranging.
Normal Scenario < 1.1121
Worst Scenario < 1.09282
From Institutional POV:
Knows the majority of Retails are short, They are coming for your SL, so They can add to their Short positions. 1.1266 range can be a good place to short(IMO)
It is just some scenarios, the market would not drive the way you expect it or want it to, so the best we can do is to follow it.
Trade safe and Wishing green pips.
On 4hr, no buying interest.
Fundamentals, no reason to buy GBP.
#1 Higher CPI => Higher RAte => Recession
#2 Higher CPI => BOE no hike by more than 50bps => Rate differentials
In both cases, Bearish for £.
Possible Todays Movement:
Best scenario => Ranging.
Normal Scenario < 1.1121
Worst Scenario < 1.09282
From Institutional POV:
Knows the majority of Retails are short, They are coming for your SL, so They can add to their Short positions. 1.1266 range can be a good place to short(IMO)
It is just some scenarios, the market would not drive the way you expect it or want it to, so the best we can do is to follow it.
Trade safe and Wishing green pips.
More time in the market, does not mean you trade better!
- #698,372
- Oct 19, 2022 11:28pm Oct 19, 2022 11:28pm
- Joined Jun 2013 | Status: enjoying life | 23,868 Posts
- #698,373
- Oct 19, 2022 11:29pm Oct 19, 2022 11:29pm
- Joined Jun 2013 | Status: enjoying life | 23,868 Posts
- #698,375
- Oct 19, 2022 11:32pm Oct 19, 2022 11:32pm
- Joined Jun 2013 | Status: enjoying life | 23,868 Posts
- #698,376
- Oct 19, 2022 11:34pm Oct 19, 2022 11:34pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #698,377
- Oct 19, 2022 11:35pm Oct 19, 2022 11:35pm
- Joined Jun 2013 | Status: enjoying life | 23,868 Posts
!! Radha Radha !!- #698,379
- Oct 19, 2022 11:43pm Oct 19, 2022 11:43pm
- Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts
Nice pushup 
Opportunity to short again
Opportunity to short again WARNING: This post warps space and time in its vicinity.
- #698,380
- Oct 19, 2022 11:44pm Oct 19, 2022 11:44pm
- Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts
Till news and after the news I will stay in the trades I am targeting 0.95 within this quarter
I am targeting 0.95 within this quarter
WARNING: This post warps space and time in its vicinity.