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Cable Update (GBPUSD)

  • #744,221
  • May 4, 2023 12:37pm May 4, 2023 12:37pm
Quoting ForexGoose
there was a EUR/JPY dump I expect there to be a big EUR/USD and GBP/USD dump soon since the market is on drugs
it does seem those JPY dumps are now recovering…
Insane in the Brain..
  • #744,222
  • May 4, 2023 12:40pm May 4, 2023 12:40pm
Quoting Coreg2004
{quote} Miti, if you look harder, you can always find something to confirm your bias...Here is the chart with the channel plus, GU can make today the NR7 bar, so tomorrow those who chose the right side of the market can be big winners. Easy peasy, lemon squeezy. {image}
looking at your chart u favor up or down?
  • #744,223
  • May 4, 2023 12:41pm May 4, 2023 12:41pm
Quoting ScalaFX
{quote} I see many trades sell and buy here, why dont you trade they?
Yes, ther are many potential trades there. But they do not span a wide enough price range to be worthwile for me.
To free Gazans of Hamas, use whatever it takes.
  • #744,224
  • May 4, 2023 12:46pm May 4, 2023 12:46pm
Quoting busifx
Short GU @ 2594 to target 2550 levels. Stops @ 2632 levels. the trade will be closed with a minimal loss in a hunt of a higher price to short if USD breaks current support. Final play of the day and might just hold this into Asia if price behaves

For tonight 12550 might be the max it drops. If it does 126 is here and looking to take a bite
Insane in the Brain..
  • #744,225
  • May 4, 2023 12:50pm May 4, 2023 12:50pm
The temptation to take and hold this ooh so beautiful short until tomorrow London session is too hard to resist!
  • #744,226
  • May 4, 2023 12:54pm May 4, 2023 12:54pm
I think it might touch 1.26000. lets see
  • #744,227
  • Edited 1:50pm May 4, 2023 12:56pm | Edited 1:50pm
Quoting nAVIN2007
{quote} looking at your chart u favor up or down?
nAVIN2007, right now on the 30M TF my bias is sideways to down. I trade primarily NY session so I need to manufacture the trades on LTF.
Always trade your own plan...I don't provide trading signals.
  • #744,228
  • May 4, 2023 12:59pm May 4, 2023 12:59pm
charles is having his coronation tomorrow... charles might be keeping it up
  • #744,229
  • May 4, 2023 1:04pm May 4, 2023 1:04pm
Quoting ForexGoose
there was a EUR/JPY dump I expect there to be a big EUR/USD and GBP/USD dump soon since the market is on drugs
you are correct.
You have an IQ lower than 90 if you interact with this user.
  • #744,230
  • May 4, 2023 1:04pm May 4, 2023 1:04pm
Quoting sabir56
I think it might touch 1.26000. lets see
i think 1.2540 for 2-3 hours later
  • #744,231
  • May 4, 2023 1:11pm May 4, 2023 1:11pm
Quoting BeeTogether
What a load of crap today… not seen a FOMC like this.
Saving up for the BIG move down on friday..., if it does drop BIG on Friday it would be just a lucky guess...
  • #744,232
  • May 4, 2023 1:12pm May 4, 2023 1:12pm
Dtop already mister squeezer mf
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yes yes yes
  • #744,233
  • May 4, 2023 1:13pm May 4, 2023 1:13pm
Late into the night before close I forsee price taking 2600. Please don't trade with this opinion. It's just me thinking with my fingers.
  • #744,234
  • May 4, 2023 1:15pm May 4, 2023 1:15pm
The talking heads have been talking about dollar collapse on and off for years,like decades....but then again we all know "there is nothing new under the sun"
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  • #744,235
  • May 4, 2023 1:28pm May 4, 2023 1:28pm
Quoting Robinhood1
{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.
Thanks Rob, gap will close one day. Your support level was spot on.
Well done!
  • #744,236
  • May 4, 2023 1:43pm May 4, 2023 1:43pm
Quoting Waveskierrob
{quote} Saving up for the BIG move down on friday..., if it does drop BIG on Friday it would be just a lucky guess...
How many times GU has tried to take 12600? Hope will give up this endless fight.
Waves, we need your lucky coin - heads 130 or tails 120?
  • #744,237
  • May 4, 2023 1:47pm May 4, 2023 1:47pm
Quoting Jolita
{quote} How many times GU has tried to take 12600? Hope will give up this endless fight. Waves, we need your lucky coin - heads 130 or tails 120?
  • #744,238
  • May 4, 2023 1:52pm May 4, 2023 1:52pm
Quoting Jolita
{quote} Thanks Rob, gap will close one day. Your support level was spot on. Well done!
While gold should find support at 2008, GU may at 1.2423. Gold might try a doble top or something similar before. Lets see.
POSTMASTER
  • #744,239
  • May 4, 2023 2:00pm May 4, 2023 2:00pm
I am convinced that GU will go beyond 1.26, even 1.27 depending how long it takes. I will start looking for a reversal around that area. I may be wrong
POSTMASTER
  • #744,240
  • May 4, 2023 2:08pm May 4, 2023 2:08pm
gbpusd
another look (trendlines)
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
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