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Cable Update (GBPUSD)

  • #725,701
  • Feb 2, 2023 8:53am Feb 2, 2023 8:53am
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Insane in the Brain..
  • #725,702
  • Feb 2, 2023 8:55am Feb 2, 2023 8:55am
Quoting BeeTogether
{image}
I think "dowish" Fed was a trap yesterday. Might be wrong of couse..
  • #725,703
  • Feb 2, 2023 8:56am Feb 2, 2023 8:56am
Dollar is currently up after bouncing from support. I suppose the bears would break this range and bring GU down.

Yep, happening now. And Im long in GJ. :/
Exhausted
  • #725,704
  • Feb 2, 2023 8:57am Feb 2, 2023 8:57am
Next Support, Weekly is at 1.22000. Daily S 1.215 so probably inside the range of these two prices.
  • #725,705
  • Feb 2, 2023 8:58am Feb 2, 2023 8:58am
Quoting SnailFX
{quote} I think "dowish" Fed was a trap yesterday. Might be wrong of couse..
NFP tomorrow to bring it down again? ;/ and then we'll be stuck in a wide range till next week
Exhausted
  • #725,706
  • Feb 2, 2023 8:59am Feb 2, 2023 8:59am
Long again
  • #725,707
  • Feb 2, 2023 8:59am Feb 2, 2023 8:59am
1.22400 is my tp
  • #725,708
  • Feb 2, 2023 8:59am Feb 2, 2023 8:59am
I switched to daily TF to see the broader picture
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Always trade your own plan...I don't provide trading signals.
  • #725,709
  • Feb 2, 2023 9:00am Feb 2, 2023 9:00am
Quoting Elysion
{quote} NFP tomorrow to bring it down again? ;/ and then we'll be stuck in a wide range till next week
If NFP comes out good tommorow...
  • #725,710
  • Feb 2, 2023 9:02am Feb 2, 2023 9:02am
EURCHF short
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My telegram: https://t.me/avidforex
  • #725,711
  • Feb 2, 2023 9:03am Feb 2, 2023 9:03am
That wiped out over-leveraged longs, I am layering more buys here and eurusd
Master your mind. Master Trading.
  • #725,712
  • Feb 2, 2023 9:04am Feb 2, 2023 9:04am
Massacre..
  • #725,713
  • Feb 2, 2023 9:04am Feb 2, 2023 9:04am
The gbp/usd will continue to fall bears are in control.
  • #725,714
  • Feb 2, 2023 9:05am Feb 2, 2023 9:05am
Quoting Robinhood1
Going to be showing off with a few swing trading predictions and then i am off. Gbpnzd: buying starts around 1.8870 eurgbp: selling starts around 0.8965 eurcad: selling starts around 1.4705
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POSTMASTER
  • #725,715
  • Feb 2, 2023 9:07am Feb 2, 2023 9:07am
Quoting Coreg2004
I switched to daily TF to see the broader picture {image}
GBP/USD Daily
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  • #725,716
  • Feb 2, 2023 9:07am Feb 2, 2023 9:07am
Quoting Coreg2004
I switched to daily TF to see the broader picture {image}
Hi Coreg, I have an incomplete extended wave 5 on the daily.

Cheers
Guz
  • #725,717
  • Feb 2, 2023 9:09am Feb 2, 2023 9:09am
Quoting Guy1969
{quote} Hi Coreg, I have an incomplete extended wave 5 on the daily. Cheers Guz
Mind sharing, I'm interested? Thanks!
  • #725,718
  • Feb 2, 2023 9:11am Feb 2, 2023 9:11am
Quoting Georginson
Caution guys, main move may Happen during the Press Conference... Gu has been sluggish, a big move can't be that far.. Quick stat... 5 of the last 7 US rate hike days have been bullish GBPUSD... With ranges between 100 - 210 pips... While second day of such hike have produced 5 bearish days out of 7 days...
This was spot on!
  • #725,719
  • Feb 2, 2023 9:14am Feb 2, 2023 9:14am
Quoting SnailFX
{quote} Mind sharing, I'm interested? Thanks!
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  • #725,720
  • Feb 2, 2023 9:16am Feb 2, 2023 9:16am
Quoting Georginson
Caution guys, main move may Happen during the Press Conference... Gu has been sluggish, a big move can't be that far.. Quick stat... 5 of the last 7 US rate hike days have been bullish GBPUSD... With ranges between 100 - 210 pips... While second day of such hike have produced 5 bearish days out of 7 days...
Spot on...
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