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Cable Update (GBP/USD) without Idiots 23 replies

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Cable Update (GBPUSD)

gold scalp
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PLAN YOUR RISK & REWARD BEFORE INVEST
Quoting mysterio
trading plan for GU short term target 1.2160, mid-term target 1.2450 {image}
i will be fine if it get to ur sl level
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PLAN YOUR RISK & REWARD BEFORE INVEST
Quoting mysterio
trading plan for GU short term target 1.2160, mid-term target 1.2450 {image}
I dunno if this drop today is due to profit booking after FOMC move.
Intraday only.
Quoting navk
{quote} I dunno if this drop today is due to profit booking after FOMC move.
seems to be a lot of Friday profiteering. If I’m not mistaken next week is pretty much low on big news so we could see a more technical if not a ranging week.

ironically both BoE and FOMC didn’t move the market much at all. Maybe being priced in not sure. BoE alluded that things aren’t as rosey
Quoting BeeTogether
{quote} seems to be a lot of Friday profiteering. If I’m not mistaken next week is pretty much low on big news so we could see a more technical if not a ranging week. ironically both BoE and FOMC didn’t move the market much at all. Maybe being priced in not sure. BoE alluded that things aren’t as rosey
I got the impression that the FOMC and BOE just offset each other, essentially maintaining the status quo.
Hello Guys, the weekly chart of March 20, 2022 and March 19, 2023 is the exact same... Check what happened thereafter... In fact there were three upward gaps on the charts before these weeks in particular...

Can this be a dejavu of a looming giant fall off?
I will be back with some scenarios for next week.

Have a blissful weekend of well deserved rest guys.
If this line of defence fails to hold, there are fresh soldiers below
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Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Personally, I think the slowing down of Fed rate will be the main market driver
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Quoting trumps
Personally, I think the slowing down of Fed rate will be the main market driver
Everybody (country) seems to copy the FED.
Quoting trumps
Personally, I think the slowing down of Fed rate will be the main market driver
but BoE not helping either lol. USD is stronger though so should help move the pair up
Quoting dantpm
{quote} Everybody (country) seems to copy the FED.
Yep, but as the global reserve, the USD suffers more in a risk on environment
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Quoting Jolita
{quote} Hi Bones, I thought you will comment. Please share your view. Not clear view, but I googled picture image, and this was a suggestion. 1 day doesn't mean much, as weekly can override. We are on small daily resistance, showing signs of pause. Weekly hasn't completed it's target. Economies suggest bullish day. But we never know being a Friday. {image}
I meant could be I'm sticking to it breaking top rather than bottom, maybe new month required.
Inspiration is the quarterly and monthly right now.
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#doyourownanalysisordietryin
Quoting W0lfram
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Overall, as expected. Still probing last week vah. Maybe it'll give up next week.
Selling priority to me. 1.193 - 1.184
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HIMARS o'clock
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#doyourownanalysisordietryin
Quoting Bones
{quote} I meant could be I'm sticking to it breaking top rather than bottom, maybe new month required. Inspiration is the quarterly and monthly right now. {image}
Nice analysis. Thank you for this.

Yes, I agreeof a possibility monthly chart to test higher, 1.2440 area, at the moment candle formation made LL.
We are near the month end and quarter end. This quarter experts predicted to end around 1.18. Better this will fulfill my expectations.
You are seeking break out and I'm waiting for 1.18 or lower, wish I had the power to intervene.
UK in a big puzzle across a board of issues. BJ stil under investigation. inflation rising, cost of living skyrocketing. Train fairs will rise from tomorrow.
UK house market under my radar, we know where this will lead once will start to fall.

Your oil chat is neat and well drawn.
My reading to what I see is rise to 80 and enter lower range (mild temp).

Wish you best. Enjoy the weekend!
Quoting navk
{quote} I dunno if this drop today is due to profit booking after FOMC move.
Maybe, there's ongoing stuff with bank stocks getting hammered (DB) also, who knows what's going on in the background there. Might be more risk off today hence the short call. There's a liquidity pool under Mondays low I'm targeting.

I see this pair up above 1.2450 next week however
Quoting mysterio
{quote} Maybe, there's ongoing stuff with bank stocks getting hammered (DB) also, who knows what's going on in the background there. Might be more risk off today hence the short call. There's a liquidity pool under Mondays low I'm targeting. I see this pair up above 1.2450 next week however
Taking a closer look at Silicon Valley bank and Signature bank, it has become evident that the US is trying to trash crypto, not necessarily the banking industry. In fact, the FDIC told potential Signature buyers that they had to agree to NOT continue the crypto part of that bank. Also, the two largest accounts that were reported at SVB were crypto fund US dollars.

China also worked to destroy crypto just before introducing their cbdc. If I recall correctly, the ccp had to pay people to get them to try it and it fell flat.

Or, did it fall flat?

Was the ccp cbdc program just a trial run for the US using the ccp's cbdc on US citizens and the rest of the west?

The only possibility of the US coming through this is IF, and ONLY IF, the timing of everything was thrown off by Clinton not getting elected in 2016.

If cbdc takes over, will they leave anything for us to trade...if they control it all via payment and punishment via cbdc credits?
The inflation that the FED is fighting right now was caused by the FED increasing the money supply as the government dealt with Covid 19, the free money given to people and the wage increases required to get them back to work.
Nothing in the cause about economic expansion or interest rates.
In the background, the US/Ukraine war against Russia is a significant economic drain of resources.
The FED implemented a solution to raise interest rates not correctly identifying the cause of inflation and causing problems for small banks.
To protect the small banks the FED increases the money supply again. (Essentially money previously held by small banks gets transferred to larger banks)
Isn't this going to cause even more significant problems? More inflation?
What is needed is economic growth to offset the war drain and take steps to reduce the money supply. Interest rates aren't going to fix the problem!
I see more volatility for all currency pairs as this unfolds because of how the FED, all the central banks and governments are handling the current situation!
Quoting dantpm
The inflation that the FED is fighting right now was caused by the FED increasing the money supply as the government dealt with Covid 19, the free money given to people and the wage increases required to get them back to work. Nothing in the cause about economic expansion or interest rates. In the background, the US/Ukraine war against Russia is a significant economic drain of resources. The FED implemented a solution to raise interest rates not correctly identifying the cause of inflation and causing problems for small banks. To protect the small...
I certainly hope so. It would be a sad state of affairs if the pairs flatlined.
Quoting Nala66
{quote} I certainly hope so. It would be a sad state of affairs if the pairs flatlined.
I don't believe there is any chance of flatlining, more likely increased volatility as central banks etc try to cope!
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