Cable Update (GBPUSD)

Quoting GODofMC

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Just sharing this weekend, for newbie like me - DONT BE GREEDY!!! Keep your system in touch. You'll have find it in my trade history below This trade one whole month trading from 1 January 2023 to 1 February 2023 the highest profit i got. I dont really remember how much real money i deposited for this profit maybe about $700-$1000 {image} And just few trade only one whole week from 1 February to 7 February 2023 Lost all profit and half deposited Money in only 1 Week. After some week i started trading in another broker and lost all {image} Recent...

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Quoting mysterio

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I guess Monday is a bank holiday, so Tuesday I'm looking for a big sell in the morning followed by a recovery in the afternoon above Fridays high. Overall sell bias remains, S&P500 is well positioned for a big crash next week so I'm expecting risk off sentiment to dominate Ended Friday on a loss trade unfortunately after cashing in on the buys in the morning. Bad end after an otherwise very good week! Currently sitting on h4 demand but I expect this will be smashed to the downside

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Quoting JereMi256

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{quote} Hey buddy, we might see a gap up on Monday (we had some red news concerning the US debt ceiling 7hr ago) followed by a consolidation for the rest of the day. I am leaning towards a bullish move to Decision Point 1.258

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Quoting mysterio

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{quote} I would take Monday off the volumes will be extremely low I still think Tuesday will begin with a large bearish move because of the ascending trendline from Fridays price action, it could form a double bottom first like you say with some bulls first on Monday but I think I'll target the sell first on tues Tuesday's London session seems to usually be some exaggerated liquidity event but we may recover to Fridays high after Let's see where its sitting early Tuesday, but I think we'll see a move into the 1.22's at some point in the day

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Quoting mysterio

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{quote} I would take Monday off the volumes will be extremely low I still think Tuesday will begin with a large bearish move because of the ascending trendline from Fridays price action, it could form a double bottom first like you say with some bulls first on Monday but I think I'll target the sell first on tues Tuesday's London session seems to usually be some exaggerated liquidity event but we may recover to Fridays high after Let's see where its sitting early Tuesday, but I think we'll see a move into the 1.22's at some point in the day

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Quoting zippo22

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{quote} The klabauke is not over yet... the compromise is such a weak mix, the senate or the house could still threw a spanner into the gearbox. So, the tensions are not over until it's signed and stamped. Hence... i am also leaning more to an initial down move.

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Quoting BrainBucks

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So with default looming President Biden and the Republicans have reached a tentative deal on debt ceiling as markets stay closed. This has got to spell trouble for those with open positions, cos there's bound to be a yawning gap when trading reopens tomorrow. Strap in and hang tight! It's finna be an eventful week from the Greenback. And our dear Cable ain't gonna wanna miss any bit of the action!

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Quoting navk

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GU may open higher. Or market may ignore this and open as usual.

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Quoting T721

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{quote} {image}

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Quoting Georginson

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Below 1.2396 is a certain invitation of 1.2250 this week. Medium term direction is pointing at 1.2180 this June.

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