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Cable Update (GBPUSD)

  • #744,101
  • May 4, 2023 7:09am May 4, 2023 7:09am
[quote=Robinhood1;14415217]{quote} Hi Joly. We will have to wait for gold to reverse first. Thanks for the advise. In my view, next buying area 2005-2013.[/quote
Gold
Chart is forming another pattern to make a new high before reaching buying area. I may be wrong
POSTMASTER
  • #744,102
  • Edited 7:21am May 4, 2023 7:11am | Edited 7:21am
I have placed pending shorts on EU at 1100. Lagarde has the power to mess it up.

Edit: pending removed as the news didn't have the desired effect. Lagarde can come take it up for real and I don't want to stand in her way.
  • #744,103
  • May 4, 2023 7:13am May 4, 2023 7:13am
I miss @motty already
  • #744,104
  • May 4, 2023 7:19am May 4, 2023 7:19am
Quoting dantpm
{quote} Ah but today is 'May the forth be with you'
rofl
You have an IQ lower than 90 if you interact with this user.
  • #744,105
  • May 4, 2023 7:20am May 4, 2023 7:20am
Quoting OperaniyiFx
Why is everyone quiet? What’s going on ?
Thank you
POSTMASTER
  • #744,106
  • May 4, 2023 7:23am May 4, 2023 7:23am
Quoting OperaniyiFx
Why is everyone quiet? What’s going on ?
they lost their money and went to work at McDonald's
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #744,107
  • May 4, 2023 7:24am May 4, 2023 7:24am
what a great buying candle.
SL at 32.5
You have an IQ lower than 90 if you interact with this user.
  • #744,108
  • May 4, 2023 7:32am May 4, 2023 7:32am
strong support below 12560 a break below and open to some green pips lol amended short order at 12610 if it gets there
Insane in the Brain..
  • #744,109
  • May 4, 2023 7:35am May 4, 2023 7:35am
Attached Image (click to enlarge)
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yes yes yes
  • #744,110
  • May 4, 2023 7:35am May 4, 2023 7:35am
Massive drop.on Eur / USD
  • #744,111
  • May 4, 2023 7:38am May 4, 2023 7:38am
Quoting Moty
{image}
welcome back Moty
  • #744,112
  • May 4, 2023 7:38am May 4, 2023 7:38am
Quoting MarcoJnr
Massive drop.on Eur / USD
indeed by eur/usd standards
  • #744,113
  • May 4, 2023 7:39am May 4, 2023 7:39am
Quoting Cgpips
{image} GBPUSD - British Pound/U.S. Dollar Forex Trader's Cheat Sheet - Barchart.com
Thanks for this. always a pleasure to pick up random useful tools every now and then.
  • #744,114
  • May 4, 2023 7:43am May 4, 2023 7:43am
Support @ 2552 is quite strong as prices has literally pinged off there on two occasions now. i bet there are still tons of unfilled orders just below there as there was no consolidating price movements around there.

Price could ping off a little lower off there if approached without any driving forces (like news).

currently square and eyeing those levels suspiciously

Also eyeing 2590 levels for possibly short. have absolutely no interest in the price discovery tussle in-between.

ECB live statement could affect Cable by contagion. Heads up.
  • #744,115
  • May 4, 2023 7:48am May 4, 2023 7:48am
Quoting MarcoJnr
Massive drop.on Eur / USD
Happened right after the EUR came out with the same 25 bp rate change the US did, only their rate is still 3.75 vs 5.25 in the US.
  • #744,116
  • May 4, 2023 7:52am May 4, 2023 7:52am
Quoting Whale
Another big try {image}
Can i hold short without fold it like a pussy after few pips?
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  • #744,117
  • May 4, 2023 7:54am May 4, 2023 7:54am
Rate as expected, more dithering around the 12560-80 area.
Insane in the Brain..
  • #744,118
  • May 4, 2023 7:59am May 4, 2023 7:59am
Quoting dantpm
{quote} Happened right after the EUR came out with the same 25 bp rate change the US did, only their rate is still 3.75 vs 5.25 in the US.
I just caught it, put another order in to follow.woth a stop see if the conference gives any volatility
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  • #744,119
  • May 4, 2023 8:01am May 4, 2023 8:01am
Quoting yumademe
I believe we will have 1 more retrace before pushing for a new high. Tight SL {image}
First TP done.
I believe a break below 1.25500 will create a pullback before continuation to 1.25000
Attached Image (click to enlarge)
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Consistency.
  • #744,120
  • May 4, 2023 8:01am May 4, 2023 8:01am
Quoting BeeTogether
Rate as expected, more dithering around the 12560-80 area.
Seems to like this area today.
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