Cable Update (GBPUSD)

Quoting SFundamental

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Mini trade agreement between the US and the UK - will always boost the pound- hence the move today The UK is seen more as a safe haven. Thing is the UK has a strong banking system- Europe and the US both have had issues further helping the pound. Sunak is a steady pair of hands. Sentiment is clearly against the dollar atm- perhaps PMIs helped and poor jobs data, plus more hawkish bias from RBA/BOC Looking at tomorrow, the only reason for a sell would be for some long covering.

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Quoting tiborf71

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I thought I'd try my hand at sports betting after spending many years analyzing forex odds. I analyzed the chances of sports betting, as in the case of forex. so far my results are surprisingly good. maybe I'll switch to sports betting instead.

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Quoting tiborf71

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I thought I'd try my hand at sports betting after spending many years analyzing forex odds. I analyzed the chances of sports betting, as in the case of forex. so far my results are surprisingly good. maybe I'll switch to sports betting instead.

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Quoting Coreg2004

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{quote} in theory yes...

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Quoting fx6996

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{quote} I understand that it depends on your time view - over extended periods of time every gap "should" be filled. You mentioned (in your original post) that it may be a breakaway gap; term I wasn't familiar with. Just curious with forex would the "gap" trading theory apply? I mean the DXY has that gap which obviously won't be filled anytime soon (unless CPI prints with a 4+ handle) but since forex pair trade differently you could have a gap on DXY but no gap on AUD/USD. (I don't have one on MY charting) and we have a gap on the Cable chart (GBP/USD)....

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Quoting DrDave

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I saw a bat fly across the face of the moon. Then a black cat jumped down from the fence. And then a dog howled. And then a gust of wind disturbed a small pile of leaves. So with all of those signals in confluence, GU HAS to be going down.

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Quoting Ferna

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{quote} where is my money Dave!? The loan sharks are knocking at my door… why isnt it going down!?

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Quoting Jolita

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AI deal and rich getting richer! Look at Tesla's performance this week, new horizons just opened across Atlantic.

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Quoting Ferna

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{quote} they are buying their own cars to boost sales figures!! Then they put it in inventory, classical accounting trick.

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Quoting Jolita

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{quote} AI boom is the new Bitcoin. EM influenced Biden, he made a deal with UK in exchange we enlarge their business for a small bite. Watching. Look at these stocks: {image}

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Quoting Coreg2004

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{quote} fx6996, as a short-time trader I couldn't convince myself to use gaps in my trading, yes, I tried it in mid 90' with stocks but it wasn't my bread-and-butter setup. I was happy when gap occurred in the direction of my trade if I held open trade overnight.

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Quoting Ferna

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{quote} All air. Good that the seniors at the retirement homes got someone to talk too whenever i guess.

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Quoting Jolita

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{quote} Not only this, many other uses. EM plans to build a city on Mars. https://www.techtarget.com/searchent...l-Intelligence

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Quoting voeltoez

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max retrace is 1.2520 then up again base on H1

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Quoting Fardeen1209

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{quote} 1.2500 also looked like a good place to TP short and reverse to buy. That small distribution was used like a TP of longs of large traders, when price approached it yesterday, bears cannt fight bull

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