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Cable Update (GBPUSD)

  • #708,881
  • Nov 23, 2022 7:32am Nov 23, 2022 7:32am
GO BULLS!

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Goddess of Thunder..
  • #708,882
  • Nov 23, 2022 7:32am Nov 23, 2022 7:32am
Quoting dantpm
{quote} We are in a recession because of Covid (and how all the central banks increased the money supply) and the Russia - US/Ukraine war (that is wasting resources and has caused the EU energy shortage).
Think about that..Uk implemented the best COVID vaccination program, and it was not an isolated event the world has to deal with. Bexit yes i can agree. However look where EU is regarding dollar strength? If UK was part of that perhaps we have drop far more
  • #708,883
  • Nov 23, 2022 7:33am Nov 23, 2022 7:33am
665 pips closed at 119 dot 7
  • #708,884
  • Nov 23, 2022 7:35am Nov 23, 2022 7:35am
Still no sign of this turning around on the higher time frames (USDX or GU)! Until that happens, it doesn't!
  • #708,885
  • Nov 23, 2022 7:35am Nov 23, 2022 7:35am
Quoting Moty
come on allready {image}
Pressure from 1.2005 may help bear later. Also depend on Flash Services PMI result
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #708,886
  • Nov 23, 2022 7:37am Nov 23, 2022 7:37am
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yes yes yes
  • #708,887
  • Nov 23, 2022 7:38am Nov 23, 2022 7:38am
Quoting nAVIN2007
{quote} Think about that..Uk implemented the best COVID vaccination program, and it was not an isolated event the world has to deal with. Bexit yes i can agree. However look where EU is regarding dollar strength? If UK was part of that perhaps we have drop far more
The vaccination program has nothing to do with the economy. There were several studies done that suggested that it was a total waste! (I personally know several people who were vaccinated and then died within 2 weeks from clogged arteries!) The EU is having similar problems to the UK. The ridiculous part, the US is having similar problems as well yet for some reason its currency has been defended more than other currencies, well except that China and India are dumping US$.
  • #708,888
  • Nov 23, 2022 7:38am Nov 23, 2022 7:38am
See what happens to the drop true or reload ?
  • #708,889
  • Edited 7:54am Nov 23, 2022 7:39am | Edited 7:54am
Quoting Bryan5229
{quote} GBPUSD 30min, range has expanded with a new high at 1.19093 and low at 1.18554 {image}
Price pushed against the resistance until the was breakout above on 30min chart, now price has breached the 4hr resistance at 1.19507 opening new target at 1.20782 ,now will focus on getting entry on lower timeframe.

Only if we close above 4hr resistance, then can start buying.
Plan your trades and trade your plan.
  • #708,890
  • Nov 23, 2022 7:39am Nov 23, 2022 7:39am
support still holding. Let's see if it's strong enough to take us up to 1.24 resistance.
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  • #708,891
  • Nov 23, 2022 7:44am Nov 23, 2022 7:44am
I think 1.1990 good resistance also

Let see sold 1.1974 SL 1.2010
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #708,892
  • Nov 23, 2022 7:45am Nov 23, 2022 7:45am
Tp for Gbpusd is 1.18700
  • #708,893
  • Nov 23, 2022 7:45am Nov 23, 2022 7:45am
Quoting Bainbrito
Event 1 - Preliminary Stop Event 2 - Climax Event 3 - Reaction Event 4 - Test Event 5 - False Breakout Event 6 - Breakout Event 7 - Confirmation Something tasty is cooking, a lot of tests but no clear indication of whether we are looking at a re-accumulation structure or a distribution structure, at least not to me anyway, although trends do have a strong tendency to continue and most of these tests have been in the upper part of the range. Patience is everything. Looking for a False Breakout to happen next and then we should see a genuine breakout...
This could be a false breakout, waiting for a clean break above the range and then a retest which does not re-enter the range, after that a strong move up confirming the bulls have taken control.
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There is every reason to believe this is a re-accumulation structure
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However, 1.2 is a very strong resistance area and the UK is in recession
  • #708,894
  • Nov 23, 2022 7:47am Nov 23, 2022 7:47am
Quoting Bella.al
{quote} Current Rate : 1.19611 We made a new intraday high at 1.19644 , it is time to adjust my trailing stop T/S adjusted to 1.19273 ( Locked +40 Pips ). -Bella's Blue {image}

Current Rate : 1.19612

I am not going to update T/S from here i will allow the market to breath. Today's intraday high was 1.19809 and will see what happens next .

T/S at 1.19273 for atleast 4-8 hours in current market conditions ... if it holds ( Locked +40 Pips ).

-Bella's Blue
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Goddess of Thunder..
  • #708,895
  • Nov 23, 2022 7:49am Nov 23, 2022 7:49am
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  • #708,896
  • Nov 23, 2022 7:54am Nov 23, 2022 7:54am
Short 11967 TP open
Insane in the Brain..
  • #708,897
  • Nov 23, 2022 7:54am Nov 23, 2022 7:54am
Quoting Houtbay
Coreg on my 4 hour chart I have resistance at 1.19700
Houtbay, a very good read of the market structure... Just keep in mind that GU may decide to go for the 5th wave. Good luck.
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Always trade your own plan...I don't provide trading signals.
  • #708,898
  • Nov 23, 2022 7:59am Nov 23, 2022 7:59am
Quoting Coreg2004
{quote} Houtbay, a very good read of the market structure... Just keep in mind that GU may decide to go for the 5th wave. Good luck. {image}
Hopefully it can reach 2070 today...
GJ lloking for 170.50 to complete cypher bearish..
UJ looking to find support at 140.60
Peace Yo!
  • #708,899
  • Nov 23, 2022 8:01am Nov 23, 2022 8:01am
Quoting Bainbrito
{quote} This could be a false breakout, waiting for a clean break above the range and then a retest which does not re-enter the range, after that a strong move up confirming the bulls have taken control. {image} There is every reason to believe this is a re-accumulation structure {image} However, 1.2 is a very strong resistance area and the UK is in recession
If the USA PMI meets or beats expectations watch Cable drop like a rock - like a barrel over Niagra Falls...
...because you never know - until you do!
  • #708,900
  • Nov 23, 2022 8:05am Nov 23, 2022 8:05am
Quoting Whale
{image}

i am curious about ur sl on RN

is difficult when SL is set on RN, they mostltake them out
MY OPINION NOT FINANCIAL ADVISE
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