Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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Post #743,241
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Apr 28, 2023 7:25am Apr 28, 2023 7:25am

dantpm
Joined Aug 2022 | Status: Member | 4,779 Posts

Quoting Fardeen1209

Disliked

{quote} With high possibility, it could spike up Was checking FED Nowcasting for PCE, YoY is at 4.1% while Consensus is at 5% and MoM is 0.08% (expected:0.3%) For FED Core PCE both YoY & MoM, are near as expectation

Ignored

Wouldn't that be positive USD? Higher-than-expected inflation suggests that the rates won't be cut soon at the very least. You thought that GU would rise?

Or is this just one of these times where the market simply moves where it wants?

A huge buildup in orders, the MM's may want to avoid it until they build up enough liquidity, unless they already have it,,,

Post #743,242
Quote
Apr 28, 2023 7:27am Apr 28, 2023 7:27am

ScalaFX
Joined May 2021 | Status: Member | 6,735 Posts

Quoting Wilczur

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1.265. Good point to short my friends {image}

Ignored

I hope you are real acc with this profit too my friend

People don't plan to lose. They lose because they don't plan.

Post #743,243
Quote
Apr 28, 2023 7:34am Apr 28, 2023 7:34am

Fardeen1209
Joined Jul 2021 | Status: Merlin's Apprentice | 3,612 Posts

Quoting dantpm

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{quote} Wouldn't that be positive USD? Higher-than-expected inflation suggests that the rates won't be cut soon at the very least. You thought that GU would rise?

Ignored

The situation is tight rn.
Market priced in a rate cut, but another 25bps rate hike comes before the rate cut
Could trigger recession or another overleveraged banks could fall, before we get that Rate cut from FED - Uncertainty prevails.

Posted an amateur Elliot wave setup on US Dollar, yesterday or day before, USDX nearly hit my target, but need to close my GU shorts for only 22pips and been ranging since then- indicating the supposed to fall in GU are absorbed by high buying interest.

Just my rookie take, could be wrong.

Leap of faith can make you go from zero to hero real quick!

Post #743,244
Quote
Apr 28, 2023 7:39am Apr 28, 2023 7:39am

ashur123
Joined Dec 2008 | Status: Warriors of the world | 284 Posts

Buys still active. Buy order at 1.24 active as well. TP 1.252

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Post #743,245
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Apr 28, 2023 7:40am Apr 28, 2023 7:40am

firsttimer
| Joined Oct 2011 | Status: Member | 537 Posts

Quoting T721

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{quote} my bias is down for gu, eu & eurgbp ---- could spike up on news then fall so dont follow me. if i get my ass handed to me its my ass eurgbp is swing short to low 87s probably next week

Ignored

Based on 1 hr TF, i have the same bias as you.

Currency strength past few hours
1. Yen very weak
2. USD quite bullish
3. Euro quite weak
4. GU weak however stronger than Euro

Post #743,246
Quote
Apr 28, 2023 7:43am Apr 28, 2023 7:43am

BeeTogether
Joined Oct 2020 | Status: Member | 11,191 Posts

Quoting Wilczur

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1.265. Good point to short my friends {image}

Ignored

can’t see it getting there anytime soon. But yes it be a great area for a drop

Insane in the Brain..

Post #743,247
Quote
Apr 28, 2023 7:43am Apr 28, 2023 7:43am

damsak
Joined Mar 2015 | Status: Price Action Trader | 366 Posts

Quoting damsak

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Possible Reverse points within 24 hours https://youtu.be/8Sau-9bdSYk

Ignored

as mentioned just reversed in up reverse zones

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Post #743,248
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Apr 28, 2023 7:50am Apr 28, 2023 7:50am

Moty
Joined Dec 2017 | Status: Member | 28,745 Posts

Conditions for entering the position
Blue arrow if the price is above the daily pivot
Red arrow if the price is below the daily pivot
all winners
Last position I have already moved to profit

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