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Cable Update (GBPUSD)

  • #718,501
  • Jan 6, 2023 3:45am Jan 6, 2023 3:45am
target reached at uj
took short
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yes yes yes
  • #718,502
  • Jan 6, 2023 3:47am Jan 6, 2023 3:47am
Quoting MrFanciful
Watched a video by George Gammon yesterday about the JOLTS and unemployment report. With the stock markets tanking as they have been, why would companies have gone on a hiring spree? Amazon have upped the number of people they're making redundant to 18,000. Goldman Sachs are laying off 6000 and the world is making moves to de-dollarize. I think this is a relief rally in the dollar.
Thank the FED for their narrow minded approach!
Heading into a recession, the gov't should be promoting employment, not with obscene wages!
The FED is supposed to be anti-inflation. ' The right Jobs' don't fuel inflation but they do increase spending power to help turn the recession around more quickly!
  • #718,503
  • Edited 4:04am Jan 6, 2023 3:48am | Edited 4:04am
price action reaction
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD BID 4H since 0900 2022-11-02 to 1800 2023-01-21.png Size: 50 KB


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  • #718,504
  • Jan 6, 2023 3:55am Jan 6, 2023 3:55am
Quoting bilal1947
Anticipating GU to fall before NFP. {image}
Nice fall - Closing some and taking partials.
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"Exchange of hands"
  • #718,505
  • Jan 6, 2023 4:02am Jan 6, 2023 4:02am
Tp1 hit and it another opportunity to enter short again If you missed the first entry.
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My telegram: https://t.me/avidforex
  • #718,506
  • Jan 6, 2023 4:07am Jan 6, 2023 4:07am
The amount of signals that I've been getting that this leg is ending all the way down has been unreal. Absolutely no buyers anywhere.
  • #718,507
  • Jan 6, 2023 4:09am Jan 6, 2023 4:09am
Long 1.1855
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #718,508
  • Jan 6, 2023 4:12am Jan 6, 2023 4:12am
More and more am I convinced Pat Chiko is right again. Price is continuing to drop as was expected, meaning NFP is likely to produce the spike as Pat Chiko said it would.

15M Short
30M Short
H1 Short
H4 Short
D1 Short
W1 Long
MN Short
  • #718,509
  • Jan 6, 2023 4:14am Jan 6, 2023 4:14am
Quoting TheWolf
More and more am I convinced Pat Chiko is right again. Price is continuing to drop as was expected, meaning NFP is likely to produce the spike as Pat Chiko said it would.
question is spike up or down...
Insane in the Brain..
  • #718,510
  • Jan 6, 2023 4:16am Jan 6, 2023 4:16am
Presently, I see GBPUSD overdue for H8 to turn up, but at the moment, no smaller TFs have made it into an up trend. M5 is on a rally, making another attempt to do it.
To free Gazans of Hamas, use whatever it takes.
  • #718,511
  • Jan 6, 2023 4:16am Jan 6, 2023 4:16am
Quoting BeeTogether
{quote} question is spike up or down...
Up. However, as always we will observe the price half an hour before the NFP. If they start pulling up all of the sudden then I'm not that convinced that NFP is going to spike up. We'll see..
  • #718,512
  • Jan 6, 2023 4:18am Jan 6, 2023 4:18am
Quoting MrFanciful
The amount of signals that I've been getting that this leg is ending all the way down has been unreal. Absolutely no buyers anywhere.
there will be a buyer.

it's only a matter of time.

NFP.
  • #718,513
  • Jan 6, 2023 4:18am Jan 6, 2023 4:18am
Quoting BeeTogether
{quote} question is spike up or down...
The way price has whipped around on news events recently, it could spike both ways before settling back to the intended path.
To free Gazans of Hamas, use whatever it takes.
  • #718,514
  • Jan 6, 2023 4:21am Jan 6, 2023 4:21am
Quoting DrDave
{quote}The way price has whipped around on news events recently, it could spike both ways before settling back to the intended path.
Intended price is my opinion is ~1.175. From there we could see another rally up which would be consistent with the Weekly Chart. Either some double top (at least 1.23) or another leg up to 1.27.

Consequently it would push USD down to ~ 127 on USD/JPY which I am also expecting.

I currently have the first Daily Candle on USD/JPY that is above gray and yellow line after a long time.. we'll see where it will close today. If it closes above, we have bullish bias on USD/JPY which means Pound is about to drop even lower.

I am also not forgetting that few days ago I got confirmation on Daily Chart on EUR/USD that price will drop so..

All in all, case at the moment is pretty convincing for USD.
  • #718,515
  • Edited 4:32am Jan 6, 2023 4:22am | Edited 4:32am
eye candy back us opens knowledge play ball
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  • #718,516
  • Jan 6, 2023 4:23am Jan 6, 2023 4:23am
I think we are strongly bearish and the mean of the bearish movement is at 1.16434. Analysis is seen on the monthly time frame.
Forecast: We should expect price to override any support along the way.
My telegram: https://t.me/avidforex
  • #718,517
  • Jan 6, 2023 4:26am Jan 6, 2023 4:26am
to sell GU here at 1.1855 is very very risky

  • #718,518
  • Jan 6, 2023 4:28am Jan 6, 2023 4:28am
Quoting genadi
to sell GU here at 1.1855 is very very risky
Will take your challenge GU SHORT 1.1855 no sl no tp ........just for fun
  • #718,519
  • Jan 6, 2023 4:29am Jan 6, 2023 4:29am
Been totally totally f&^ked this morning
  • #718,520
  • Jan 6, 2023 4:31am Jan 6, 2023 4:31am
Quoting BeeTogether
{quote} question is spike up or down...
it depends on the correctness of your analysis.

I hope it's good.
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