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Cable Update (GBPUSD)

  • #751,521
  • Jun 14, 2023 5:14am Jun 14, 2023 5:14am
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+113 pips so far
  • #751,522
  • Jun 14, 2023 5:15am Jun 14, 2023 5:15am
Two possible next price scenarios:

Continued bullish with a diamond formation.


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Double top formation with a reverse move.

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  • #751,523
  • Jun 14, 2023 5:16am Jun 14, 2023 5:16am
Quoting JustPipping
{quote} Dont forget FOMC today
Urgh, you made me back on my word!
But I am doing this to help a brother.

The green zone is for bulls, I'm 75% sure FOMC will get us there this week before we reach new heights!
Just my opinion anyway.
JereMi.
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Face 'ur fears & tame 'ur greed
  • #751,524
  • Jun 14, 2023 5:21am Jun 14, 2023 5:21am
Quoting Wavegarrick
{quote} The above trade from yesterday working out nicely. I could look to close this trade as I have a confluence of daily, weekly and monthly resistance combined with 1.26500. Trade safe. Cheers. {image}
What a great system you have.
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  • #751,525
  • Jun 14, 2023 5:22am Jun 14, 2023 5:22am
Quoting Elysion
{quote} Nah, but consecutive losses is doing badly to my acc.
sent you dm
  • #751,526
  • Jun 14, 2023 5:22am Jun 14, 2023 5:22am
...price @ current dly hi in dly part of that prev dly/4hr/1hr sw hi zone that extends to 2679-the current yrly hi, and is @/around Mthly R1. Dly and Wkly R1's a bit higher up in that zone in the late 2650's. Price never really looked back after the 1st London session 1hr candle - the inverted hammer going down to Asian lo. 52.4% only of 30day adr traveled so far today as the upside move this London session and today overall so far that followed the Asian pullback, is a follow-thru on y/day's bullish engulf dly candle.

How much supply in this prev sw hi zone = prev res = pot res ?

Dly below
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Trader with an Edge.
  • #751,527
  • Jun 14, 2023 5:32am Jun 14, 2023 5:32am
Quoting JereMi256
{quote} Urgh, you made me back on my word! But I am doing this to help a brother. The green zone is for bulls, I'm 75% sure FOMC will get us there this week before we reach new heights! Just my opinion anyway. JereMi. {image}
I still say 1.26800 before pullback.. if it will hit NY open or Fomc
Was slipping off the edge but i held up.
  • #751,528
  • Jun 14, 2023 5:32am Jun 14, 2023 5:32am
UJ Long
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More time in the market, does not mean you trade better!
  • #751,529
  • Jun 14, 2023 5:33am Jun 14, 2023 5:33am
Quoting Scotteyy
{quote} Took profit. +36 pips. I wont get greedy for 4 pips. Will look for retrace to re-enter long. As stated before, could be R1 (12650) to pivot (12580) for rest of the day but won't take the risk.
Same took 32 pips for safety lets see whats on the menu ny open
Was slipping off the edge but i held up.
  • #751,530
  • Jun 14, 2023 5:36am Jun 14, 2023 5:36am
And again bulls pressing forward to the red flag! To 1.2647 for today hit
  • #751,531
  • Jun 14, 2023 5:37am Jun 14, 2023 5:37am
Just a friendly reminder to everyone not to give any money to anyone weather it be for a system, signal or others to trade your account, folks have been scammed in the past and there seems to be a lot of it about......also be wary of those who post profits after they have made them, only trust real time traders...
  • #751,532
  • Jun 14, 2023 5:38am Jun 14, 2023 5:38am
Quoting JustPipping
{quote} I still say 1.26800 before pullback.. if it will hit NY open or Fomc
Let's wait for NYO, more clues lie in that session.
For now counter trades have to bear less risk and reasonable stops.
Face 'ur fears & tame 'ur greed
  • #751,533
  • Jun 14, 2023 5:39am Jun 14, 2023 5:39am
Quoting soulreader
{quote} What a great system you have. {image}
Man I am so proud of you. You have got the concept
Well done Soulreader.
Cheers.
Trade to trade another day
  • #751,534
  • Jun 14, 2023 5:43am Jun 14, 2023 5:43am
Ok I'm back
Gbpusd @ 1.26500
Let's sell down to 1.25100
  • #751,535
  • Jun 14, 2023 5:47am Jun 14, 2023 5:47am
Quoting JereMi256
{quote} Let's wait for NYO, more clues lie in that session. For now counter trades have to bear less risk and reasonable stops.
Indeed, time to fill my belly…
Was slipping off the edge but i held up.
  • #751,536
  • Jun 14, 2023 5:50am Jun 14, 2023 5:50am
Quoting lucaswalliam
{quote} Yes. Yesterday's CPI data solidified the Fed's confidence in stopping rate hikes. Is it really going to stop the hiking cycle, then wait and finally cut rates? Please forgive me, I know nothing about fundamental analysis.
Quoting Fardeen1209
{quote} Well was reading something about difference between "pause" and "skip". Pause meaning no more rate hike. Skip meaning no rate hike this FOMC but it can come at next FOMC if next cpi decides to go up. Skip was introduced last month by FOMC voting members because of core CPI
Goldman Sachs Dot Plot

One more hike for 2023
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More time in the market, does not mean you trade better!
  • #751,537
  • Jun 14, 2023 5:57am Jun 14, 2023 5:57am
Quoting ForexIkeja
Ok I'm back Gbpusd @ 1.26500 Let's sell down to 1.25100
yeah I also just went in got 30 cents floating loss on entry holding until 2:15 pm
It's time to sell
Rra di chelete
  • #751,538
  • Jun 14, 2023 5:58am Jun 14, 2023 5:58am
weekly ATR(14) @ ~195 pips..from monday s low @1.24869 target suggested is 1.26812, potential reverse there supported also by the fact that market is about to fully pricing in a "pause" from Fed. Personally i think that data aren t enough to stop hikes, i ll shoot some cannonballs once we reach 80ies.
chaos is just unknown order
  • #751,539
  • Jun 14, 2023 5:58am Jun 14, 2023 5:58am
lets the bear show
  • #751,540
  • Jun 14, 2023 6:01am Jun 14, 2023 6:01am
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