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Cable Update (GBPUSD)

  • #745,261
  • May 12, 2023 1:24am May 12, 2023 1:24am
Waiting for London
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  • #745,262
  • May 12, 2023 1:27am May 12, 2023 1:27am
Monthly candle looks ready to show all his bloody red body
chaos is just unknown order
  • #745,263
  • May 12, 2023 1:39am May 12, 2023 1:39am
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yes yes yes
  • #745,264
  • May 12, 2023 1:44am May 12, 2023 1:44am
Quoting AlfieSolomon
Waiting for London {image}
Going as planned ,now once high is taken will look for short
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  • #745,265
  • May 12, 2023 1:46am May 12, 2023 1:46am
in buys. expect 100-150 pip surge today

theres a chance yesterdays low will get taken but the buy volume is good , if it dips taking breakeven and enter lower
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  • #745,266
  • May 12, 2023 1:47am May 12, 2023 1:47am
Quoting ninner
{quote} this is a paradym shift in the us dollar!!
that is funny...
  • #745,267
  • May 12, 2023 1:47am May 12, 2023 1:47am

  1. well 38.2% of weekly fibo is holding
  2. daily candle is positive
  3. daily candle above 24 ema

no need to bother shorting

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  • #745,268
  • May 12, 2023 1:49am May 12, 2023 1:49am
Quoting ninner
{quote} As i mentioned a few times Einstein....the usd dollar is undergoing a seachange and montromentous move is coming.
stop it you're just too funny for this thread....
  • #745,269
  • May 12, 2023 1:51am May 12, 2023 1:51am
i will probably get to my be at least
although my early entry
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yes yes yes
  • #745,270
  • May 12, 2023 1:51am May 12, 2023 1:51am
Watching 1.25560 level. Equilibrium
Only if 1.25400 can't hold
Consistency.
  • #745,271
  • May 12, 2023 1:53am May 12, 2023 1:53am
Spaghetti Bridge Pattern

Be Careful Selling we are at the bottom of an upward trend line, being tested for the 4th time.

H4 Chart
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All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 19.6%
  • #745,272
  • May 12, 2023 1:55am May 12, 2023 1:55am
Hi, guys.
Is it possible that the pound is scripted like this? What do you think?
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Just follow the trend.
  • #745,273
  • May 12, 2023 2:12am May 12, 2023 2:12am
Quoting lucaswalliam
Hi, guys. Is it possible that the pound is scripted like this? What do you think? {image}
I think 1.2545 is very decisive today. Above 1.2545 will give the bulls very good chance to recover and even break 1.2680 high again, below 1.2545 will open path to 1.2450.

Also noteworthy that since 1.2450 high got taken out, the biggest drop from higher highs have been 193 pips and this drop so far has recorded 184 pips (1.2680 - 1.2496)

Last week's range was 215 pips, this current week range so far is 184 pips, if we are to equal last week range, then 1.2465 cannot be ruled out.

Simply wait to see the action at 1.2545... above 1.2545 opens path to 1.2680, below 1.2545 opens path to 1.2465 today or Monday.

As always, I may be wrong and trade with caution.
Data + Stat + Risk/Emotions Management
  • #745,274
  • May 12, 2023 2:14am May 12, 2023 2:14am
The euro/yen is in the long position, but it has risen too much.

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  • #745,275
  • Edited 2:51pm May 12, 2023 2:19am | Edited 2:51pm
Price @daily EMA20, 12531 would like to breakdown this channel towards Ema50 12424.
UK economy is a sinking boat.
  • #745,276
  • May 12, 2023 2:26am May 12, 2023 2:26am
Quoting SAM1986
If it breaks 1.2580 on H1 it should at least touch 1.2500. I might be wrong cause tomorrow is Big day for GU. Still learning
TP Hit To the Pip.......
Buy now @ 1.2534 tp 1.2560. Will retrace some.

Still learning
  • #745,277
  • May 12, 2023 2:30am May 12, 2023 2:30am
Quoting Jolita
Price @daily EMA20, 12531 would like to breakdown this channel towards Ema50 12424. UK economy is a sinking boat.
I'll wait for your 1.2424 holding shorts underwater for now because I was too impatient.
Could've waited for 1.253 - 1.254 zone to enter shorts.
Exhausted
  • #745,278
  • May 12, 2023 2:40am May 12, 2023 2:40am
closed long today..now looking for short
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  • #745,279
  • May 12, 2023 2:50am May 12, 2023 2:50am
I’ve switched to short too, nothing in the UK economic data that I can say looks overwhelmingly positive. Target area is 12480
Insane in the Brain..
  • #745,280
  • May 12, 2023 2:53am May 12, 2023 2:53am
Quoting BeeTogether
I’ve switched to short too, nothing in the UK economic data that I can say looks overwhelmingly positive. Target area is 12480
Wishing us
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