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Cable Update (GBPUSD)

  • #737,761
  • Mar 25, 2023 5:17pm Mar 25, 2023 5:17pm
Quoting Jolita
{quote} I've closed my sell trade. WTI crude futures slumped more than 3% to below $68 per barrel on Friday, as US Energy Secretary Jennifer Granholm told lawmakers that it will be “difficult” to refill strategic oil reserves this year, prompting speculations that the US government would only start buying at even lower prices'. Something tells me bearish trade still on. {image} I've signed for a Crude challenge next week, will do some research tomorrow.
Ditto what you said Jolita. Still bearish on Oil (CL) down to low 60s and maybe 58/56
  • #737,762
  • Mar 26, 2023 6:41am Mar 26, 2023 6:41am
Quoting OnlineAddict
Looking at the daily chart, both EU and GU should drop some more next week. And Jim Cramer saying Deutsche Bank is fine is not very good for European bulls either.
should go down… but what is the level to start going down?…
  • #737,763
  • Mar 26, 2023 8:35am Mar 26, 2023 8:35am
Quoting Jolita
{quote} I've closed my sell trade. WTI crude futures slumped more than 3% to below $68 per barrel on Friday, as US Energy Secretary Jennifer Granholm told lawmakers that it will be “difficult” to refill strategic oil reserves this year, prompting speculations that the US government would only start buying at even lower prices'. Something tells me bearish trade still on. {image} I've signed for a Crude challenge next week, will do some research tomorrow.
There is a lot of intervention, that's for sure.
Emptying the reserves seems a highly risky strategy, but they won't tell you in Gordon Brown style (gold) when they have to fill it back up.
The sea-born cap is a more extensive intervention, with Russia selling oil below the threshold because they don't accept it.
Oil should be higher on the current landscape, and I'm monitoring the weekly doji from a technical point that just touched $70 on a consolidation-type move.
I prefer the Brent chart.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #737,764
  • Mar 26, 2023 8:44am Mar 26, 2023 8:44am
Good morning all and happy trading for the week ahead .

I am holding my gold shorts into this week and going to short eurusd . Cheers !
Master your mind. Master Trading.
  • #737,765
  • Mar 26, 2023 9:31am Mar 26, 2023 9:31am
GU: H4
My View for next week.
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Intraday Trading is an Art _ hoda
  • #737,766
  • Mar 26, 2023 10:12am Mar 26, 2023 10:12am
My GU view:

I am only interested in selling this market except I see compelling reason to buy on LTF. I see potential break of last week high to the upside before price falls.
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  • #737,767
  • Mar 26, 2023 10:36am Mar 26, 2023 10:36am
Quoting hoda
GU: H4 My View for next week. {image}
124 for me too. On Friday I mentioned retesting the previous high which still remains untested after which 124 is the next area. 124-12430 before a move down I think. If it goes down after not sure
Insane in the Brain..
  • #737,768
  • Mar 26, 2023 2:44pm Mar 26, 2023 2:44pm
Here's a technical perspective on the GBPUSD by a medium-term swing trader. GBPUSD price action on the daily time frame is sideways at the upper part of the wide 1.18220/1.24060 horizontal channel (blue). There was a bullish retest of the 1.24060/1.22680 daily supply on Wednesday which resulted in a bearish pushback on Friday. Nevertheless, we may still see northward liquidity engineering before a southward rotation.


I may be wrong. Trade safe and prosper.



KP

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Do your homework, follow the footprints of smart money
  • #737,769
  • Mar 26, 2023 3:21pm Mar 26, 2023 3:21pm
Trading plan for the week
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  • #737,770
  • Mar 26, 2023 8:00pm Mar 26, 2023 8:00pm
Quoting trumps
{quote} I really think he’s just a guy thoroughly enjoying the anonymity of the internet, as we all do from time to time . He seems to be taking it to the next level however, so I would say the chances of a rational conversation are close to zero.
Bro ur assumption game is off the charts wow, were u bullied at school?
  • #737,771
  • Mar 26, 2023 8:01pm Mar 26, 2023 8:01pm
Quoting Whale
{quote} the real support is 1.22 after we take it out.. arrivederci
support and resistance levels are not real lmao
  • #737,772
  • Mar 26, 2023 8:12pm Mar 26, 2023 8:12pm
Quoting Bobbynouchet
{quote} support and resistance levels are not real lmao
what do you mean by the statement?
  • #737,773
  • Mar 26, 2023 8:19pm Mar 26, 2023 8:19pm
Quoting R78SD
{quote} what do you mean by the statement?
what I mean is whoever taught you how to trade and told you they were real was setting you up for failure lol
  • #737,774
  • Mar 26, 2023 9:36pm Mar 26, 2023 9:36pm
The price might just drop close to / below friday low...for take off in London.
Intraday only.
  • #737,775
  • Mar 26, 2023 11:24pm Mar 26, 2023 11:24pm
Quoting Bobbynouchet
{quote} what I mean is whoever taught you how to trade and told you they were real was setting you up for failure lol
there is no need to knock one’s strategy. It’s down to what ever works best for you.
  • #737,776
  • Mar 26, 2023 11:36pm Mar 26, 2023 11:36pm
I'm looking at a short from 1.2260ish to 1.2160 today

There will be an opportunity to buy first will figure out where from later
  • #737,777
  • Mar 26, 2023 11:50pm Mar 26, 2023 11:50pm
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Weekly Targets. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #737,778
  • Mar 27, 2023 12:52am Mar 27, 2023 12:52am
50 pips
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My telegram: https://t.me/avidforex
  • #737,779
  • Mar 27, 2023 12:56am Mar 27, 2023 12:56am
I took CADJPY long as well and Tp is 98 pips
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  • #737,780
  • Mar 27, 2023 1:05am Mar 27, 2023 1:05am
I think buys from 1.2229. sells from 1.2255-60 ish. Down to below last Monday low.
Quoting mysterio
I'm looking at a short from 1.2260ish to 1.2160 today There will be an opportunity to buy first will figure out where from later
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