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Cable Update (GBPUSD)

  • #753,861
  • Jun 22, 2023 11:40pm Jun 22, 2023 11:40pm
Quoting Pat Chiko
{quote} GU I thought today would be a volatile day for GU on interest rates, but it's just been ranging. Walking in circle..........{image} want to give up. EUR GBP Should have listen to ninner on EUR GBP trades. Great advice. {image} quote=ninner;14470695]I do like eurgbp long as it is oversold and may get a nice bounce decent risk to reward[/qu {quote}

GU

Trade going opposite direction.
Going for "PLAN C"

I hope this work out to reduce losses...
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #753,862
  • Jun 22, 2023 11:42pm Jun 22, 2023 11:42pm
Quoting ScalaFX
{quote} thats why Im talking from some time about decent drop on GU, for me this is pure fake pumping. Gbp is shot now, in country is chaos and economy sucks, I think this is just started do thats why I seeing GU much much lower, last time also price tricked me and Im started shorting to early but now I think I have the right timing, lets see
Hey J.T.

No wonder ,price couldn't go up......
If you keep shorting, when can I see my trades go positive way ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #753,863
  • Jun 22, 2023 11:45pm Jun 22, 2023 11:45pm
Quoting Pat Chiko
{quote} GU Trade going opposite direction. Going for "PLAN C" I hope this work out to reduce losses...{image}
why you replace your stoploss S.R.? Your first HTF plan was better, anyway I wish you luck with your recovery trades bro!
People don't plan to lose. They lose because they don't plan.
  • #753,864
  • Jun 22, 2023 11:46pm Jun 22, 2023 11:46pm
Quoting ScalaFX
{quote} thats why Im talking from some time about decent drop on GU, for me this is pure fake pumping. Gbp is shot now, in country is chaos and economy sucks, I think this is just started do thats why I seeing GU much much lower, last time also price tricked me and Im started shorting to early but now I think I have the right timing, lets see
I believe that you have a great economic assessment of the UK. The only question remaining is how do the MMs get us from here to there. I think price might move higher to try to trap more longs. How much higher, not sure.
  • #753,865
  • Jun 22, 2023 11:47pm Jun 22, 2023 11:47pm
DXY is shooting up so is GU..Preety confusing
  • #753,866
  • Jun 22, 2023 11:48pm Jun 22, 2023 11:48pm
Quoting dantpm
{quote} I believe that you have a great economic assessment of the UK. The only question remaining is how do the MMs get us from here to there. I think price might move higher to try to trap more longs. How much higher, not sure.
if so, stop is in positive place, second I will be shorting every new high formed
People don't plan to lose. They lose because they don't plan.
  • #753,867
  • Jun 22, 2023 11:49pm Jun 22, 2023 11:49pm
Quoting karankeni
DXY is shooting up so is GU..Preety confusing
It's always confusing before New York open. Especially if there are no news. Today, we have some so morning session shouldn't be a total waste of time.
  • #753,868
  • Jun 22, 2023 11:51pm Jun 22, 2023 11:51pm
Quoting karankeni
DXY is shooting up so is GU..Preety confusing
Meaning GBP has relative strength. When DXY retraces, GU will rocket.
  • #753,869
  • Jun 22, 2023 11:52pm Jun 22, 2023 11:52pm
1.2733-1.2745, look for reversal.
  • #753,870
  • Jun 22, 2023 11:53pm Jun 22, 2023 11:53pm
Quoting TheWraith
{quote} It's always confusing before New York open. Especially if there are no news. Today, we have some so morning session shouldn't be a total waste of time.
The 'news' this morning is more about the economy than prices or direct interest rate impact so the market will move where the MMs want it to go, which is the case in any event.
  • #753,871
  • Jun 22, 2023 11:54pm Jun 22, 2023 11:54pm
Quoting dantpm
{quote} The 'news' this morning is more about the economy than prices or direct interest rate impact so the market will move where the MMs want it to go, which is the case in any event.
Of course, totally agree. This should make morning session less boring however. Slightly more active session is expected.
  • #753,872
  • Jun 22, 2023 11:54pm Jun 22, 2023 11:54pm
Quoting scalafx
{quote} when monthly close like that i agree with you, but we can one more week that could change everything. Nice alaysis don

monthly open 1.24
upside atr 1.26 to 1.29 which makes it easy for 1.30

downside atr 1.22 to 1.19 which makes it easy for 1.20


which level is more likely to hit soon?


YEARLY OPEN 1.20
UPSIDE ATR 1000PIPS TO 15000 = 1.30 TO 1.35
DOWNSIDE ATR 1000PIPS TO 15000 = 1.10 TO 1.05
MY OPINION NOT FINANCIAL ADVISE
  • #753,873
  • Jun 22, 2023 11:54pm Jun 22, 2023 11:54pm
I feel that GU, GJ & UJ will go north no matter US data good or bad.
  • #753,874
  • Jun 22, 2023 11:55pm Jun 22, 2023 11:55pm
in my opinion time to short arrived, when no Im sorry, dont copy me
People don't plan to lose. They lose because they don't plan.
  • #753,875
  • Jun 22, 2023 11:56pm Jun 22, 2023 11:56pm
Quoting donfriday
{quote} monthly open 1.24 upside atr 1.26 to 1.29 which makes it easy for 1.30 downside atr 1.22 to 1.19 which makes it easy for 1.20 which level is more likely to hit soon?
we must wait and see but time running and we must trading too, every minute is money in our business
People don't plan to lose. They lose because they don't plan.
  • #753,876
  • Jun 22, 2023 11:57pm Jun 22, 2023 11:57pm
Quoting karankeni
DXY is shooting up so is GU..Preety confusing

GBP

GBP basically is still in strong mood to go up.

But USD is the stongest now, GBP has to yield against USD. (and CAD)
If you look GBP against other currencies, it remain strong.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #753,877
  • Jun 22, 2023 11:59pm Jun 22, 2023 11:59pm
G/M, not the 'expected' reaction to the Uk Boe Mpc's +0.5% rate hike y/day perhaps? Last 2 dly candles; a hammer then an opposing inverted hammer-y/day.

1hr below
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Trader with an Edge.
  • #753,878
  • Jun 23, 2023 12:01am Jun 23, 2023 12:01am
Quoting Bella.al
Date : 23.06.2023 GMT Time : 3:28 AM Today's is Long Date according to Bella's Date Forecasting :23.06.2023 I am planning to go long GBPUSD at 13:38 PM GMT ( if everything else seems OK ) Current Levels are : 1.26568 , 1.26000 ... respectively Bella's Date Forecasting {image}
There is still a lot of time before i can take part in trading. I have updated the previous chart with Support and Resistance areas.
to review i have a relationship match between 13:38 PM and Date 23.06.2023 .

Direc : Long
Time: 13:38 GMT
Date: 23.06.2023
Bella's OSC : FLAT ( current )

Bella's Date Forecasting.
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Goddess of Thunder..
  • #753,879
  • Jun 23, 2023 12:03am Jun 23, 2023 12:03am
in long

analysis:
You have an IQ lower than 90 if you interact with this user.
  • #753,880
  • Jun 23, 2023 12:03am Jun 23, 2023 12:03am
Quoting scalafx
{quote} we must wait and see but time running and we must trading too, every minute is money in our business

i was thinking why you put up a rising trendline but you already selling
MY OPINION NOT FINANCIAL ADVISE
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