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Cable Update (GBPUSD)

  • #725,881
  • Feb 2, 2023 9:32pm Feb 2, 2023 9:32pm
Quoting Yngwie
Long 1.2203
But it seems like a small buy

Maybe to 1.2217 thereabouts
  • #725,882
  • Feb 2, 2023 9:47pm Feb 2, 2023 9:47pm
Quoting Jolita
{quote} Monthly chart far away of going higher, there isn't any higher high yet. There is another support below 1.03. Can you see EW on monthly chart please?
no, not classical e wave, but on weekly i see new low.we are at the beginning of 5th
  • #725,883
  • Feb 2, 2023 9:50pm Feb 2, 2023 9:50pm
Quoting pipcenturion
{quote} But it seems like a small buy Maybe to 1.2217 thereabouts
The only other important level is at 1.2349 thereabouts

Let's see how the next few hourly candles close.
  • #725,884
  • Feb 2, 2023 9:53pm Feb 2, 2023 9:53pm
Quoting Coreg2004
{quote} Whale, I didn't say it won't happen, rather I will believe it when I see it. In the financial market (not only) impossible is nothing. {image}
totally agree. Im trading with the same mindset.
we have our map, we should treat it with limited liability.

This is the most complex finance market, the money market.

  • #725,885
  • Feb 2, 2023 10:03pm Feb 2, 2023 10:03pm
Quoting Yngwie
Long 1.2203
Why? Thanks!
  • #725,886
  • Feb 2, 2023 10:08pm Feb 2, 2023 10:08pm
It's hard to imagine we won't reach at least 1.18 now. If there is a Buy candle today, I think that would only be a retracement candle for yesterday and Sell will continue next Week. Sell might not come next Week in one scenario, but neither will Buy. When I get Home I'll provide Daily Resistance candle may hit today.
  • #725,887
  • Feb 2, 2023 10:11pm Feb 2, 2023 10:11pm
2008 fall of Pound vs Yen in play.. ah.. that was stupid to miss.
  • #725,888
  • Feb 2, 2023 10:15pm Feb 2, 2023 10:15pm
Possible scenario based Wyckoff distribution to the yearly open 1.2085

NOT a buy signal!
Attached Image (click to enlarge)
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  • #725,889
  • Feb 2, 2023 10:15pm Feb 2, 2023 10:15pm
Quoting Fardeen1209
With Avg initial Job claim down for the last 2 month (DEC & JAN), we can see an Actual > Consensus NFP {image} ?
I'm interested at that Unemployment Rate. When that starts going up, prepare!
  • #725,890
  • Feb 2, 2023 10:24pm Feb 2, 2023 10:24pm
Quoting SnailFX
{quote} I'm interested at that Unemployment Rate. When that starts going up, prepare!
Eye Wage growth also as it plays a crucial role to interest rate.
More time in the market, does not mean you trade better!
  • #725,891
  • Feb 2, 2023 11:27pm Feb 2, 2023 11:27pm
solid yellow green - - - - lines plotted last week itiswhatitis...TITAN
Attached Image (click to enlarge)
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  • #725,892
  • Feb 2, 2023 11:37pm Feb 2, 2023 11:37pm
Quoting SnailFX
{quote} Why? Thanks!
4h RSI oversold how ever need to beat 1.2260 resistance
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #725,893
  • Feb 3, 2023 12:03am Feb 3, 2023 12:03am
G/M, bulls hoping for an upside follow-thru on Wed's bullish engulf dly candle will have been running for cover after y/day's bearish engulf x 2 dly thrust candle resulted, post-Boe/Mpc stuff. This t/f does though remain in a general uptrend. 4Hr saw a 1st downside b/o of it's recent 2448-2262 range although this t/f is not yet in a downtrend. Six consecutive bearish candle closes now on the gmt+2 price feed. 1Hr probably is in a general downtrend right now. Today's current lo/current Asian session lo is right @/around the Mthly Pivot, after the wkly ascending t/line joining 0327 with 1840 was breached to the downside. There are repeating patterns of reg bullish div on 15min/30min/1hr with 2hr o/s, @ the current dly lo.

Asian session drawing to a close with London forex desks kicking in circa 0630am/0700am gmt. Could be another day of hi volatility around the U.s NFP etc later?

1hr below

...chart below shows the recent 4hr 2448-2262 range. Will we see a retest of it in a pullback?

4hr below
Attached Image(s) (click to enlarge)
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Trader with an Edge.
  • #725,894
  • Feb 3, 2023 12:33am Feb 3, 2023 12:33am
One would expect Frankfurt and London to give Buy.
  • #725,895
  • Feb 3, 2023 12:33am Feb 3, 2023 12:33am
Quoting pipcenturion
{quote} But it seems like a small buy Maybe to 1.2217 thereabouts
hopefully bullish day
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #725,896
  • Feb 3, 2023 12:34am Feb 3, 2023 12:34am
Quoting Whale
{quote} totally agree. Im trading with the same mindset. we have our map, we should treat it with limited liability. This is the most complex finance market, the money market.
Hey Whale....

It's Friday. Looking forwrds for nice weekends break. Whoo hooo..!!

BTW, in case you hang out in Bar or Pub, please don't say your name in front of sized lady.
If Coreg want to do it, its okey.
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #725,897
  • Feb 3, 2023 12:37am Feb 3, 2023 12:37am
Quoting Pat Chiko
{quote} Hey Whale.... It's Friday. Looking forwrds for nice weekends break. Whoo hooo..!! BTW, in case you hang out in Bar or Pub, please don't say your name in front of sized lady. If Coreg want to do it, its okey.{image}
Pat..
  • #725,898
  • Feb 3, 2023 12:37am Feb 3, 2023 12:37am
Quoting Macd-rsi
{quote} everything is possible, but market magnetism is against any sell this day! EURGBP price tell us that GBPUSD will follow the herds!
I think the market is attracted to the 1.19 level.
I really like the analysis done by cchin, only that the trades were entered a bit early in my opinion. Her overall direction is very correct.
The next few days are going to be interesting.
  • #725,899
  • Feb 3, 2023 12:37am Feb 3, 2023 12:37am
Quoting pipsofacto
{quote} Pat is travelling...
Should be straight forward journey.
But ended up like, KL -Turki - Findland - Talinn Estonia.
Few long transit.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #725,900
  • Feb 3, 2023 12:39am Feb 3, 2023 12:39am
Quoting SnailFX
{quote} Pat..
Snail...

whats trading today,

Gimme a good signal to copy.
I need your signal to trade ,as hardly time to look at chart.

Please and thank you...

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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