Cable Update (GBPUSD)

Making dollar strong safe currency across every pair reduced energy prices. Crude under $85, pretty good knowing demand is high. G7 achieved something.
Risk is fading atm, no one knows for how long or how far will strech.

Gone long at 11463 will look for 11530 again

You can't be wrong beccause you've chosen both short and long and I don't know of another direction unless we go sideways with no pips. But what ever happens I hope your pips are green.

GU is pulling back in style while regaining its strength to push upward.... initially, I expected a minor pull back in order for bulls to regain their strength but now their strength is almost regained and price is still hovering on a particular spot for almost 10hrs "shame to the bears"... If you're looking to short, make sure you have a good reason or at least wait for a break out of the range to the downside...

I hope I don't miss this Gold trade while I'm sleeping...
Too many things to learn...
How do we know the session that will harbor the most volume on a particular day ? That's what I am trying to study now...

Good night..

Japan has BRICS as one option to consider.

It will be new direction to peace, prosperity and progress in the region.

Stand up and say NO to war mongering in the region.

Just a tad pissed off with 2 second spike in AUD/JPY. It was enough to take out my S/L after which it then went down to my T/P. Also my S/L was taken out at many more pips than I had set it at.

Stop war mongering ... Peace Whisperer

listen to some wisdom

Today is sell day to me.

Frankfurt will give a spike which, I am planning to sell.

Today BoC will raise rates. The only news we have today. Whatever goes on on USD/CAD, opposite should be on GBP/USD, so I expect some play today. Then of course we have 2 great days for trading, especially USD/JPY, but GBP/USD also for us.

So on Thursday ECB is expected to raise rates bla bla bla.. Euro appreciated this week against other currencies which was to be expected due to rate hike for which reason I think that on Thursday it'll also be as expected and Euro will depreciate against other currencies as is often the case when the moment they raise interest rates currency tends to do the opposite of expected which is to appreciate and it actually depreciates. Now, Advance GDP is 15M after rate hike and 15M after Advance GDP is Press Conference, indicating it'll be a bumpy ride that particular hour.

On Friday is BoJ and Core PCE.. should give us some play definitely.

Next week is by far the most interesting with big news left and right for GBP/USD especially..

Then of course the grand finale, Congressional Elections.

On Monday client sentiment for GBP/USD was 60% of the traders net long, yesterday the number dropped to 51% and today it's 52%.
We could see this pair continuing to move upwards.

We'll know more where we stand after Advance GDP for sure. That forecast is I think way too high.. however highly doubt it we'll see - before the number even if it's true, because of the Elections. It's expected some numbers will be rigged now before the Elections of course.

morning , thanks wolf , im still got bullish sentiment on usdjpy , since after boj intervention the range of USDJPY became high .yesterday fall of 140 pip is just like a small disturbance ...long term bullish is super strong ....just my opinion..i could be wrong..

also i think we should keep an eye on 152.00 area ,that's the only hurdle i see as of now on usdjpy

?
Note: FX is not predictive but reactive, follow the $$$.
If they want her to go higher, we join the ride. However, if they want her to go down, we still join the ride.

I will not short GU at 1.1575 if i do not see audusd reach around 0.6700 but will short audusd

Trade Safe

Scalp SHORT using MT4...

as on intrady / short term , USDJPY has room for fall till 146.00 , but still its pretty bullish , since its on middle as on intraday and i don't want to go against the major buy trend ...so i took small risk of buy on usdjpy sl below 146 area..givng room for possible down swing..

Follow your own analysis, not an investment advice

tp long position and short 1.146x

47 pips

morning rule apply