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Cable Update (GBPUSD)

  • #705,021
  • Nov 8, 2022 8:28am Nov 8, 2022 8:28am
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  • #705,022
  • Nov 8, 2022 8:33am Nov 8, 2022 8:33am
Price hasnt taken yesterday high yet, can go there to tap the mid of OB
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"Exchange of hands"
  • #705,023
  • Nov 8, 2022 8:35am Nov 8, 2022 8:35am
It looks like price is recovering from the yesterday rally. The dip has taken 38.2% fib ratio of yesterday's rally. If the H1 candle closes strong bullish we will have a morning star pattern which is a bullish reversal pattern and this may likely take price up. Let's see how this probablility will play out. Trade safe.
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  • #705,024
  • Nov 8, 2022 8:35am Nov 8, 2022 8:35am
Hello traders

I think 1.1630 is still valid target and it's the next stop , who agree with me on that?

Thanks
I always knew that someday I would make it big
  • #705,025
  • Nov 8, 2022 8:36am Nov 8, 2022 8:36am
Quoting MrFanciful
It doesn't matter what timeframe I use, whether I use indicators or just price action. I even learned C# so I could code my own custom indicator to help with directional bias. I just lose lose lose. Interspersed with the rare lucky day. I'm close to calling it quits.
Hey, what platform for trading you use, where it possible use C#? Just curious...
  • #705,026
  • Nov 8, 2022 8:36am Nov 8, 2022 8:36am
Quoting Wavegarrick
UsdJpy setting up for a sell trade. Cheers. {image}
So far so good. UsdJpy sell trades locked in and price must do what it has to.
Cheers.
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Trade to trade another day
  • #705,027
  • Nov 8, 2022 8:38am Nov 8, 2022 8:38am
Quoting bilal1947
Price hasnt taken yesterday high yet, can go there to tap the mid of OB {image}
Keeping that narrative it may give several entries when price comes back to filling the fvg on LTF to enter again as it just did on the daily. and if we are wong it will hit SL.
"Exchange of hands"
  • #705,028
  • Nov 8, 2022 8:38am Nov 8, 2022 8:38am
Quoting FraterRedox
{quote} Looking at JPY too - other pairs might sell as well. JPY index daily chart: {image}
Nice analysis, Thanks Frater
Trade to trade another day
  • #705,029
  • Nov 8, 2022 8:47am Nov 8, 2022 8:47am
Gbpusd short tp 1.14400
  • #705,030
  • Nov 8, 2022 8:48am Nov 8, 2022 8:48am
Gbpjpy short tp 167.200
  • #705,031
  • Nov 8, 2022 8:50am Nov 8, 2022 8:50am
Watch out risky asset
Buying protection for equities, and dollar could rise big if so

Election/CPI week

Using rise to sell into
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COT: The precious data ignored
  • #705,032
  • Nov 8, 2022 8:59am Nov 8, 2022 8:59am
Gold Tp 1683
  • #705,033
  • Nov 8, 2022 9:00am Nov 8, 2022 9:00am
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  • #705,034
  • Nov 8, 2022 9:06am Nov 8, 2022 9:06am
Quoting PatienceFx
{image}
@bilal1947

these are 100 sma lines,
  • #705,035
  • Nov 8, 2022 9:08am Nov 8, 2022 9:08am
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yes yes yes
  • #705,036
  • Nov 8, 2022 9:09am Nov 8, 2022 9:09am
1490 is the last barrier
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  • #705,037
  • Nov 8, 2022 9:10am Nov 8, 2022 9:10am
Quoting bilal1947
Price hasnt taken yesterday high yet, can go there to tap the mid of OB {image}
Quoting bilal1947
{quote} Keeping that narrative it may give several entries when price comes back to filling the fvg on LTF to enter again as it just did on the daily. and if we are wong it will hit SL.
Lets dive in to M5 to know the fractal nature of price, make sure to enter and book profit on the Go .
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"Exchange of hands"
  • #705,038
  • Nov 8, 2022 9:12am Nov 8, 2022 9:12am
Is like there’s going to be an aggressive bullish movement this month. There is a level the bulls must snack on. I’m seeing the monthly candle closing above this level 1.16273
My telegram: https://t.me/avidforex
  • #705,039
  • Nov 8, 2022 9:12am Nov 8, 2022 9:12am
Quoting PatienceFx
{quote} @bilal1947 these are 100 sma lines,
where? chart please
"Exchange of hands"
  • #705,040
  • Nov 8, 2022 9:12am Nov 8, 2022 9:12am
Yesterday high needs to break then 1.16 will be confirmed….
Extreme gut feeling trader
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