Cable Update (GBPUSD)

sell positions active. TP 1.23456. Sell order 1.26.

"We don't expect Inflation come down so quickly..." Powell, 3rd of May 2023. Expect no rate cut till september (optimistic) or December (realistic may be).

No LL..
no Coincidence.

waiting for the dump to start

im waiting for my Sell stop to triggered as well

My projection
It may hit more than once so its about getting the retracement. In other words, not valid if there is a higher high. Trendline must meet certain parameters which i will not disclose due to FF being a jungle

I may be wrong

News moves market out of smoke hahaha, but if we beleive in it, market moves whereever it has to. Nobody controls inflation, its like controlling the ocean

order cancelled.
sellers are blocked for today,


disappointing event today.

Im out, think i will become a scalper after this.
the market seems to be FED up.

What a load of crap today… not seen a FOMC like this.

case closed

Night folks, have an order for a sell at 126 over night along with my short from 12545. TP open but a drop towards 125-12450 be very useful. On the flip side though the pound could rally up beyond 126 especially if the local elections aren’t too painful for the Tory’s

That was typical Powel!

UNDERWATER AGAIN!

the weekly is still bullish
none of those weeks broke the other down

Are you shorting? Fomc not helped either so far.

I do have 3 shorts open...ill be on the short side but not sure though

Gold may be correcting. 2013 is a good buy