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Cable Update (GBPUSD)

  • #738,341
  • Mar 29, 2023 3:57pm Mar 29, 2023 3:57pm
Is there some kind of magnetic force field at 123 where it yanks it up anywhere near lol
Insane in the Brain..
  • #738,342
  • Edited 4:46pm Mar 29, 2023 4:22pm | Edited 4:46pm
Quoting BigNumbers
Just because prices are currently at monthly resistance does not mean we should start selling. I understand why everyone thinks GU should fall but it does not work like that… USD is losing strength ordinarily it is a short for me but the dollar has no strength… So many things happened behind closed door today that’s why we have the up and down movement. This trend line was not suppose to Hold price. It is because USD is weak asf. {image}
I know most don’t care for what I have to say but dollar is really challenged here , we have a potential US recession, we have massive super power countries like Russia and China ditching the dollar, we would expect inflation to finally start coming down but that is not for certain. These are just some of the reasons for the dollar weakness. I say this is just getting started and eurusd is full on bull mode. Let’s see what unfolds though.
Master your mind. Master Trading.
  • #738,343
  • Mar 29, 2023 4:34pm Mar 29, 2023 4:34pm
Price within tight zone, 12280 not reached.
Apparently was profit taking day.

Stochs on monthly chart shaped in a strange curve up, green candle.
Is 1.18 only a dream?
  • #738,344
  • Mar 29, 2023 5:49pm Mar 29, 2023 5:49pm
Attached Image (click to enlarge)
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  • #738,345
  • Mar 29, 2023 5:55pm Mar 29, 2023 5:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 28 KB
  • #738,346
  • Mar 29, 2023 5:56pm Mar 29, 2023 5:56pm
Quoting KareemAliFx
{quote} I know most don’t care for what I have to say but dollar is really challenged here , we have a potential US recession, we have massive super power countries like Russia and China ditching the dollar, we would expect inflation to finally start coming down but that is not for certain. These are just some of the reasons for the dollar weakness. I say this is just getting started and eurusd is full on bull mode. Let’s see what unfolds though.
What on Earth are you talking about the Dollar is massively strong against the pound. The pound was at 2.1 remember, now it is at 1.2.

Sometimes I wonder about some of the comments made here where every blip on the chart is a doom and gloom signal.
  • #738,347
  • Mar 29, 2023 6:07pm Mar 29, 2023 6:07pm
1.22990 afterall
  • #738,348
  • Mar 29, 2023 6:09pm Mar 29, 2023 6:09pm
tricky moves ..it can pullback to 1.2330 anytime..better wait frankurt for positive bearish..
  • #738,349
  • Mar 29, 2023 6:11pm Mar 29, 2023 6:11pm
All longs closed !
Master your mind. Master Trading.
  • #738,350
  • Mar 29, 2023 6:12pm Mar 29, 2023 6:12pm
Quoting JereMi256
{quote} Added short @1.2326
Partials taken +60pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230330-041002.jpg Size: 353 KB
Face 'ur fears & tame 'ur greed
  • #738,351
  • Mar 29, 2023 6:18pm Mar 29, 2023 6:18pm
Quoting KareemAliFx
All longs closed !
Setting up for eurusd longs and shorts a crucial move is coming
Master your mind. Master Trading.
  • #738,352
  • Mar 29, 2023 6:24pm Mar 29, 2023 6:24pm
why the low broke ?

2297 was the support in the NY session.

The price held 2302 with just 58 pips daily range.

Now ( surprisingly ) the price broke in Asian session.

It has every reason to test s1 before LO./Frankfurt open
Intraday only.
  • #738,353
  • Mar 29, 2023 6:33pm Mar 29, 2023 6:33pm
Quoting tradexyz
{image}
come on down price is right...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 46 KB
  • #738,354
  • Mar 29, 2023 6:46pm Mar 29, 2023 6:46pm
Trailing my SL
Attached Image (click to enlarge)
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  • #738,355
  • Mar 29, 2023 7:28pm Mar 29, 2023 7:28pm
No sell to me unless 1.2280 fail
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #738,356
  • Mar 29, 2023 7:53pm Mar 29, 2023 7:53pm
having broken NY low, where the resistance lie ?

2318.

I am shorting for 2280 or before Frankfurt / LO
Intraday only.
  • #738,357
  • Mar 29, 2023 8:10pm Mar 29, 2023 8:10pm
I ended all shorts
  • #738,358
  • Mar 29, 2023 8:27pm Mar 29, 2023 8:27pm
Quoting Yngwie
No sell to me unless 1.2280 fail
Long from 1.2300 let see
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #738,359
  • Mar 29, 2023 8:29pm Mar 29, 2023 8:29pm
Daily chart on DXY from a technical perspective if the dollar is able to break through 101.5 I think we have more room to run to the down side, if there's more dollar weakness going into the next couple of months that could lean towards some bullish assets like gold continuing its upper move... GU also remains on the upside as rise from 1.1801 is in progress for 1.2445/6 resistance zone. Firm break there will resume larger rally from 1.0351, and target 1.2759 fibonacci level. For now, near term outlook will remain bullish as long as 1.2177 support holds, even in case of another retreat


Closed all my shorts, i think I'm with the bulls now
Attached Image (click to enlarge)
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  • #738,360
  • Mar 29, 2023 10:00pm Mar 29, 2023 10:00pm
Still not broken 12280 and we are cruising above 123 maybe another test of highs before dropping
Insane in the Brain..
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