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Cable Update (GBPUSD)

  • #740,941
  • Apr 13, 2023 9:19am Apr 13, 2023 9:19am
Quoting Pat Chiko
{quote} I copy you...... LONG I know you're not guessing................. {image}
Join to you guys, let's see...
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  • #740,942
  • Apr 13, 2023 9:20am Apr 13, 2023 9:20am
Quoting Ferna
{quote} GU?
I am uncertain about the potential direction as there are conflicting factors at play. The long-term fundamentals suggest a downward trend, while the technical analysis indicates a bullish trend with support from US data and there also is a daily resistance level in play.
Don't trade what you think. Just what you see!!!
  • #740,943
  • Apr 13, 2023 9:26am Apr 13, 2023 9:26am
1.25119 should reject price otherwise I'll call it a beautiful day
My telegram: https://t.me/avidforex
  • #740,944
  • Apr 13, 2023 9:26am Apr 13, 2023 9:26am
I went and trade gold instead.
Hmmm. I think i need to start trading other pairs.
Haven't been able to trade GU properly these few days.
Exhausted
  • #740,945
  • Apr 13, 2023 9:28am Apr 13, 2023 9:28am
MF is really crooky today!!
Insane in the Brain..
  • #740,946
  • Apr 13, 2023 9:35am Apr 13, 2023 9:35am
Quoting BeeTogether
MF is really crooky today!!
GU is very crooky, others pairs PA looks way better
Exhausted
  • #740,947
  • Apr 13, 2023 9:36am Apr 13, 2023 9:36am
Quoting BeeTogether
MF is really crooky today!!
soon all will be brighter.
  • #740,948
  • Apr 13, 2023 9:39am Apr 13, 2023 9:39am
Quoting Robinhood1
{quote} Bitcoin moving into cruising speed soon
Cruising mode. 3rd gear
POSTMASTER
  • #740,949
  • Apr 13, 2023 9:46am Apr 13, 2023 9:46am
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yes yes yes
  • #740,950
  • Apr 13, 2023 9:47am Apr 13, 2023 9:47am
Quoting ForexGoose
buy stop placed at 1.254, stop loss under 1.25, target 1.261+
might not be ready to break-out today, but maybe there will be another push this afternoon
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #740,951
  • Apr 13, 2023 9:48am Apr 13, 2023 9:48am
125 hit nearly got my SL… grrrr time for the rocket
Insane in the Brain..
  • #740,952
  • Apr 13, 2023 9:52am Apr 13, 2023 9:52am
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yes yes yes
  • #740,953
  • Apr 13, 2023 9:56am Apr 13, 2023 9:56am
Closed a quick sell with 8 pips in about 15 minutes.
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Funded trader
  • #740,954
  • Apr 13, 2023 9:57am Apr 13, 2023 9:57am
I just shake my head at the US dollar bulls. they keep saying for the last 6 months that the US dollar will go up but keep getting it wrong wrong wrong. The US dollar fundamentals are terrible - countries with the lowest inflation will lower interest rates first? Now does the US have higher inflation than Europe or the UK??? US inflation is much lower - the UK still has inflation near 10% so zero chance of lowering there while US is close to 5% - basic maths. common sense says inflation will hit 2% quicker when it is at 5% for the US compared to near 10% for the UK - for the UK to get to 2% will take a long time. the US led on the inflation going up last year and is now leading with inflation going down - Europe and the UK peaked with inflation a lot later - somehow US dollar bulls are a bit slow to get this
There will be pullbacks along the way but the US dollar is going lower for a while yet - if anybody doubts me i suggest having a look at the US dollar monthly chart - the bullish bar from 2 months is about to be engulfed by a bearish bar

Here is the charts of the euro and GBP weekly charts in a channel - lots of space to get to the top
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  • #740,955
  • Apr 13, 2023 10:19am Apr 13, 2023 10:19am
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yes yes yes
  • #740,956
  • Apr 13, 2023 10:22am Apr 13, 2023 10:22am
Quoting Steven1
I just shake my head at the US dollar bulls. they keep saying for the last 6 months that the US dollar will go up but keep getting it wrong wrong wrong. The US dollar fundamentals are terrible - countries with the lowest inflation will lower interest rates first? Now does the US have higher inflation than Europe or the UK??? US inflation is much lower - the UK still has inflation near 10% so zero chance of lowering there while US is close to 5% - basic maths. common sense says inflation will hit 2% quicker when it is at 5% for the US compared to...

It was very interesting to read until i saw the channel.
Do you think the FED or the ECB or the economy act according to this channel and the room it has?
  • #740,957
  • Apr 13, 2023 10:25am Apr 13, 2023 10:25am
Quoting Moty
{image} {image}
Just bought this
Edit : might be for scalp 10-20 pips real target above 40 pips, but always close below TP
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #740,958
  • Apr 13, 2023 10:29am Apr 13, 2023 10:29am
Time to attach R1 and go towards R2
Insane in the Brain..
  • #740,959
  • Apr 13, 2023 10:38am Apr 13, 2023 10:38am
e
Quoting Whale
{quote} It was very interesting to read until i saw the channel. Do you think the FED or the ECB or the economy act according to this channel and the room it has?
I haven't even included all of the bad news ahead for the Us dollar - the debt ceiling is due very soon last months deficit was way bigger at 378 billion and the US government keeps spending nonstop with a 2 trillion deficit last year. and the bank blow-ups in the US have slowed bank lending in the last few weeks along with growth likely to be very little for the year - not much going for the US dollar. Europe and the UK economies will stay stronger than most expect. China is where the growth is gojng to come from - the US economy is going to be slow for a while. I see the US dollar going down for the next 5 years - it is way overvalued. The euro and the GBP hitting parity last year is the bell ringing for the bottom - bad news is always at the bottom
  • #740,960
  • Apr 13, 2023 10:43am Apr 13, 2023 10:43am
Quoting BeeTogether
Time to attach R1 and go towards R2
hi, may I see your chart where is R?
I dont see any
Trendlines H1,H4, SMC
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