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Cable Update (GBPUSD)

  • #707,661
  • Nov 16, 2022 8:11am Nov 16, 2022 8:11am
Quoting Vishu258
Hello guys I'm new to this thread. But when ECB guys are explicitly saying there won't be big rate hikes and FED in no way seems dovish despite cooling inflation, why is cable hovering at 1.19.
maybe waiting for BoE if BoE is hawkish then 120-123 is doable else if any rates rise is with a dovish response 115 beckons
Insane in the Brain..
  • #707,662
  • Nov 16, 2022 8:14am Nov 16, 2022 8:14am
Quoting Yngwie
{quote} Looking 1.1820
Revise. looking for 1.1780/90 if not break 1.1900
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #707,663
  • Nov 16, 2022 8:19am Nov 16, 2022 8:19am
Quoting Yngwie
{quote} Revise. looking for 1.1780/90 if not break 1.1900
This ain’t breaking lower at all… 119 keeps bouncing too.
Insane in the Brain..
  • #707,664
  • Nov 16, 2022 8:27am Nov 16, 2022 8:27am
Quoting BeeTogether
{quote} This ain’t breaking lower at all… 119 keeps bouncing too.
Triple EMA moving averages show this moving to a flat line.
  • #707,665
  • Nov 16, 2022 8:41am Nov 16, 2022 8:41am
Quoting navk
No big fire works today. Disappointed.
hi navk , you have made quite a bit today E
  • #707,666
  • Nov 16, 2022 8:43am Nov 16, 2022 8:43am
Right I’m off for a steak and beer… this is boring me
Insane in the Brain..
  • #707,667
  • Nov 16, 2022 8:45am Nov 16, 2022 8:45am
bearish engulfing bar forming on M15.

push down to 1.185 very possible.
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  • #707,668
  • Nov 16, 2022 8:46am Nov 16, 2022 8:46am
Quoting firsttimer
bearish engulfing bar forming on M15. push down to 1.185 very possible. {image}
Needs to break 11830 at least
Insane in the Brain..
  • #707,669
  • Nov 16, 2022 8:48am Nov 16, 2022 8:48am
Quoting BeeTogether
{quote} Needs to break 11830 at least
so be it
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  • #707,670
  • Nov 16, 2022 8:52am Nov 16, 2022 8:52am
Quoting firsttimer
bearish engulfing bar forming on M15. push down to 1.185 very possible. {image}
I wouldn't mind another leg down.
Risk Management is of utmost importance!
  • #707,671
  • Nov 16, 2022 8:57am Nov 16, 2022 8:57am
GU - long trade - anticipating price to go at 1.1930-1.1950
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"Exchange of hands"
  • #707,672
  • Nov 16, 2022 8:58am Nov 16, 2022 8:58am
Quoting PatienceFx
{quote} so be it {image}
You might have an issue with not enough trading volume with your indicator.
  • #707,673
  • Nov 16, 2022 9:00am Nov 16, 2022 9:00am
Quoting BeeTogether
{quote} Needs to break 11830 at least
bulls are not giving up on the gbp.
i didnt trade gbp today.

her peers like the euro, au and nz are tanking down. (better setups in the peers)
  • #707,674
  • Nov 16, 2022 9:00am Nov 16, 2022 9:00am
Quoting Wavegarrick
{quote} Today is the 15th of November which is the mid point of the 4th Quarter and we touched 1.200000 and my target at 1.1956. Is this a coincidence or what. Do we retrace back to 1.16169 or continue above 1.20000 for a nice Xmas rally towards 1.25000?. We could retrace from here for a try up later. We shall see. Time will tell. Have a great day, Cheers. {image}
Hi Guys,
I really have to bring this in seeing that I am trading medium to long term. Every retrace can be seen as a buy opportunity. We have the 20th of this month to go to month end where we could see a retrace to 1.16169 ish. We have one and a half months to go to year end. From a monthly perspective it does not seem unrealistic to retrace to my 50% Fib retrace at 1.12308 ish and that exactly over a 2 year time span. Could we see this towards year end? Somehow this seems doable. A weekly or a monthly close above 1.20000 does throw very good hints.
Trade safe.
Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #707,675
  • Nov 16, 2022 9:04am Nov 16, 2022 9:04am
Cooking something! It feels like bear meat is being cooked deliciously for bulls to eat.
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  • #707,676
  • Nov 16, 2022 9:05am Nov 16, 2022 9:05am
Quoting firsttimer
{quote} bulls are not giving up on the gbp. i didnt trade gbp today. her peers like the euro, au and nz are tanking down. (better setups in the peers)
EU is up and not down. Its currently at 1393.
  • #707,677
  • Nov 16, 2022 9:06am Nov 16, 2022 9:06am
I will roll with a short
  • #707,678
  • Nov 16, 2022 9:10am Nov 16, 2022 9:10am
Quoting Mitiblotch
{quote} EU is up and not down. Its currently at 1393.

MM looking for liquidity for their next move.
  • #707,679
  • Nov 16, 2022 9:18am Nov 16, 2022 9:18am
Quoting dantpm
{quote} MM looking for liquidity for their next move.
Yeah.. out of every trade how. I was 30 pips in profit on EU but moved my SL into +3 and it came back up to take it out. However, if I ahd booked it then it may have dumped 200 pips.
  • #707,680
  • Nov 16, 2022 9:20am Nov 16, 2022 9:20am
Quoting Wavegarrick
{quote} Hi Guys, I really have to bring this in seeing that I am trading medium to long term. Every retrace can be seen as a buy opportunity. We have the 20th of this month to go to month end where we could see a retrace to 1.16169 ish. We have one and a half months to go to year end. From a monthly perspective it does not seem unrealistic to retrace to my 50% Fib retrace at 1.12308 ish and that exactly over a 2 year time span. Could we see this towards year end? Somehow this seems doable. A weekly or a monthly close above 1.20000 does throw very...
Yes, W or M close above 1.20000 would be significant.
Monthly chart:
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Markets will move to the right.
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