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Cable Update (GBPUSD)

  • #725,481
  • Feb 2, 2023 1:31am Feb 2, 2023 1:31am
Quoting Moty
{image}
As a good an idea as any.
My best guess is that either it moves up above 1.24 and then down (to 1.232 ish) or down below 1.237 and then up (to 1.245).
  • #725,482
  • Feb 2, 2023 1:36am Feb 2, 2023 1:36am
Quoting BeeTogether
{quote} so the rumour is 0.5 but it will be the last rise. No more after this month. If that is the case it’s should be a drop. I personally we might get an initial spike up if that is the case before dropping to below 12250 (area that is now untested since the move up nearly 16 days ago)
With the rising turmoil in the UK and the successful note auctions, they might just copy the US$ rate. The biggest CPI impacts in the UK aren't really controlled by UK businesses...
  • #725,483
  • Feb 2, 2023 1:41am Feb 2, 2023 1:41am
Quoting dantpm
{quote} With the rising turmoil in the UK and the successful note auctions, they might just copy the US$ rate. The biggest CPI impacts in the UK aren't really controlled by UK businesses...
up by 2.5 for 2 months would give them a better way to stop rises but it’s below expectations so will tank the pound either way lol
Insane in the Brain..
  • #725,484
  • Feb 2, 2023 1:42am Feb 2, 2023 1:42am
Quoting fxmasterdxb
Im expecting one last push to 1.2465 to hunt all the SL’s before the drop. Same scenario in EU, rise to 1.1085 followed with a sharp drop
I expect a sell to 1.2315 first
  • #725,485
  • Feb 2, 2023 1:46am Feb 2, 2023 1:46am
Quoting SnailFX
EUR/USD Sell Stop 1.10000 GBP/USD Sell 1.24000 (Active) AUD/USD Sell Stop 0.71000 NZD/USD Sell Stop 0.65000 USD/CAD Buy Stop 1.33000 USD/CHF Buy Stop 0.91000 USD/JPY Buy Stop 129.000
EUR/USD 1.10000 (Active).
  • #725,486
  • Feb 2, 2023 1:47am Feb 2, 2023 1:47am
Quoting BeeTogether
{quote} up by 2.5 for 2 months would give them a better way to stop rises but it’s below expectations so will tank the pound either way lol
Not necessarily, look at what happened to the USD$ and it was in line with expectations. It's all about algos.
  • #725,487
  • Feb 2, 2023 1:52am Feb 2, 2023 1:52am
USD/JPY 15M

Long
SL 20 pips

(normal trade )..

TP 129.2
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.png Size: 20 KB
  • #725,488
  • Feb 2, 2023 1:57am Feb 2, 2023 1:57am
GBP/USD 15M and 30M confirmed Short so far. We'll see what Hourly says..

(30M chart)..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 30M.png Size: 22 KB
  • #725,489
  • Feb 2, 2023 1:58am Feb 2, 2023 1:58am
before GBP event:
F1-Orange indicator
GBPUSD was the most GBP volatile pair last month (month= last 21 day trading)

below daily over weekly over monthly candles for all 7 pairs . .
Attached Image (click to enlarge)
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. . . .
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #725,490
  • Feb 2, 2023 2:00am Feb 2, 2023 2:00am
Quoting pipcenturion
{quote} I expect a sell to 1.2315 first
everything is possible,
but market magnetism is against any sell this day!
EURGBP price tell us that GBPUSD will follow the herds!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #725,491
  • Feb 2, 2023 2:00am Feb 2, 2023 2:00am
Quoting Luxyus
{quote} cable is in accumulation phase, i m expecting a mark up
thank u, im a day trader, i will adapt to whatever price will force me to
  • #725,492
  • Feb 2, 2023 2:03am Feb 2, 2023 2:03am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 feb 2 mm.png Size: 44 KB
  • #725,493
  • Feb 2, 2023 2:03am Feb 2, 2023 2:03am
Long 1.2373 SL 1.2350
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #725,494
  • Feb 2, 2023 2:18am Feb 2, 2023 2:18am
GBP/USD added another short SL above 1.24

TP ~1.2350
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 30M.png Size: 21 KB
  • #725,495
  • Feb 2, 2023 2:33am Feb 2, 2023 2:33am
30M Candle has closed PERFECTLY! (I guess )..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 30M.png Size: 17 KB
  • #725,496
  • Edited 2:46am Feb 2, 2023 2:36am | Edited 2:46am
G/M, a bullish engulfing dly candle resulted y/day after the U.S Fed’s press conf remarks inspired strong move up that started a few minutes before it, as support was found in the 4hr/dly part of the prev 1hr/4hr/minor dly sw lo zone that extends down to last wk’s 2262 lo. (What chance of an upside follow thru on that dly candle y/day?) Y/day’s 2401 hi is just into the 4hr/dly part of the prev 1hr/4hr/dly sw hi zone that extends to 2417 then 2430 swing hi’s, and @ the steepest 4hr desc t/line. This pot res zone is coexistent with the prev 1hr/4hr/dly sw hi zone above it that extends to the prevailing 2448 dly/wkly uptrend hi. Price is again finding that there is supply there, after another attempt to get north of it after some attempts during the asian session, and we could see more supply emerge anywhere from the prev 1hr sw hi zone that extends up to y/day's 2401 hi all the way up to that 2448, if tested,? but of course any data reaction could just blow straight thru it if an upside reaction.

1hr is probably in a messy general uptrend, and 4hr still rangy but currently bullish overall right now, within that likely 2448-2262 range. Price is right now within the asian hi-lo range.

Boe’s Mpc stuff to come later today.

1hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #725,497
  • Feb 2, 2023 2:38am Feb 2, 2023 2:38am
Quoting SnailFX
30M Candle has closed PERFECTLY! (I guess ).. {image}
Trying to remember how Wolf suggested to use the Taupo indicator, it seems like you are a little early from what I remember.
  • #725,498
  • Feb 2, 2023 2:39am Feb 2, 2023 2:39am
Quoting dantpm
{quote} Trying to remember how Wolf suggested to use the Taupo indicator, it seems like you are a little early from what I remember.
I wonder where Wolf is..

Khm..

You're right, waiting out this 30M candle was wiser. Then after it closed where it did, we have a nice short from there without risking London pushing the price even higher..
  • #725,499
  • Feb 2, 2023 2:48am Feb 2, 2023 2:48am
Hourly showing some S at 1.23615..
  • #725,500
  • Feb 2, 2023 2:52am Feb 2, 2023 2:52am
Gbpusd looking to possibly go long at 1.23600
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