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Cable Update (GBPUSD)

  • #741,641
  • Apr 18, 2023 2:04pm Apr 18, 2023 2:04pm
Quoting josip
DX 2patterns...who will win... {image}
Wave 4 to the downside completed by closing gap. Next stop we take out the lows with a 101.2 hit. IMHO. I could be wrong, but to my naked eye that's what I see.
Don't compare your trades to others. Most often the masses are the asses
  • #741,642
  • Apr 18, 2023 2:09pm Apr 18, 2023 2:09pm
Quoting Jolita
{quote} Take a look here, Amir's thread: https://www.forexfactory.com/thread/...njoy-your-sell Simple and effective
Thanks!
  • #741,643
  • Apr 18, 2023 2:15pm Apr 18, 2023 2:15pm
Quoting OBsayMkMoney
{quote} Wave 4 to the downside completed by closing gap. Next stop we take out the lows with a 101.2 hit. IMHO. I could be wrong, but to my naked eye that's what I see.
I agree...I would prefer to sell usd...

pattern head and shoulder there is too...
Trendlines H1,H4, SMC
  • #741,644
  • Apr 18, 2023 2:30pm Apr 18, 2023 2:30pm
I have no clue where price want to go
yes yes yes
  • #741,645
  • Apr 18, 2023 2:37pm Apr 18, 2023 2:37pm
Quoting Moty
I have no clue where price want to go
at this point let me help you GU is going up and that’s the only one possible option
  • #741,646
  • Apr 18, 2023 2:41pm Apr 18, 2023 2:41pm
Quoting OperaniyiFx
{quote} at this point let me help you GU is going up and that’s the only one possible option
we got the same bias thats why i bought more GU with 20pips SL
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  • #741,647
  • Apr 18, 2023 2:58pm Apr 18, 2023 2:58pm
Trying short 200% usdcad at 1.3393. Target 1.2920
POSTMASTER
  • #741,648
  • Apr 18, 2023 3:08pm Apr 18, 2023 3:08pm
Quoting Moty
I have no clue where price want to go
What the fuck is this ?
I lost over 150$ on this shitty choppy movement
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yes yes yes
  • #741,649
  • Apr 18, 2023 3:15pm Apr 18, 2023 3:15pm
If euraud reaches 1.6355, 200% short . Target 1.6050
POSTMASTER
  • #741,650
  • Apr 18, 2023 3:18pm Apr 18, 2023 3:18pm
todays earnings were higher than expected and this alone could build pressure towards more rate hikes. if the cpi tomorow is higher than expected too, i will -from a macro standpoint- looking for buys tomorow.
  • #741,651
  • Apr 18, 2023 3:35pm Apr 18, 2023 3:35pm
Quoting greed
todays earnings were higher than expected and this alone could build pressure towards more rate hikes. if the cpi tomorow is higher than expected too, i will -from a macro standpoint- looking for buys tomorow.
I think will be lower than expected but we must wait some time to relese
People don't plan to lose. They lose because they don't plan.
  • #741,652
  • Apr 18, 2023 3:40pm Apr 18, 2023 3:40pm
Quoting greed
todays earnings were higher than expected and this alone could build pressure towards more rate hikes. if the cpi tomorow is higher than expected too, i will -from a macro standpoint- looking for buys tomorow.
Earnings were up a little bit. Unemployment was up quite a bit.

What target rate of inflation does the UK have?
  • #741,653
  • Apr 18, 2023 4:39pm Apr 18, 2023 4:39pm
Quoting Moty
{quote} What the fuck is this ? I lost over 150$ on this shitty choppy movement {image}
Here we go your answer Moty -
https://www.forexfactory.com/news/12...cent-rectangle

Looks like building up for a change in direction. I've seen many charts like this the other way round. We never know for sure until we witness.
  • #741,654
  • Apr 18, 2023 4:47pm Apr 18, 2023 4:47pm
Quoting dantpm
{quote} Earnings were up a little bit. Unemployment was up quite a bit. What target rate of inflation does the UK have?
"Expected to show inflation falling from 10.4% to 9.8% in March, with core inflation also down but from 6.2% to 6%".
Few remarks to note -
https://www.poundsterlinglive.com/us...s-uk-data-eyed
  • #741,655
  • Apr 18, 2023 4:56pm Apr 18, 2023 4:56pm
As long as gu stays above 1.2410 I have to have a bullish bias for today
  • #741,656
  • Apr 18, 2023 6:47pm Apr 18, 2023 6:47pm
GBPUSD
I expect a sell off from 1.2435 thereabouts until 1.2365

From where we might see renewed buying.

Trade safely everyone!
  • #741,657
  • Apr 18, 2023 7:25pm Apr 18, 2023 7:25pm
As long as gu stays above 1.2410 I have to have a bullish bias for today
  • #741,658
  • Apr 18, 2023 7:57pm Apr 18, 2023 7:57pm
Descending Triangle in 5 minutes time frame, don't you think we go buy cable,,? Just my thought
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  • #741,659
  • Apr 18, 2023 8:08pm Apr 18, 2023 8:08pm
Quoting pipcenturion
GBPUSD I expect a sell off from 1.2435 thereabouts until 1.2365 From where we might see renewed buying. Trade safely everyone!

GU

Thanks Bro for sharing the insight.
Thinking the same set up in 5 hours for the incoming UKCPI

Here is my lucky "guess".
Best Wishes & Trade the best.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #741,660
  • Apr 18, 2023 8:35pm Apr 18, 2023 8:35pm
The price just down when I have entered.. But I think how much money that they have to forced the 6,7 trillions usd daily volume market, this is not NYSE ....

I think I just need to be patient...
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