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Cable Update (GBPUSD)

  • #756,261
  • Jul 6, 2023 12:25am Jul 6, 2023 12:25am
Tricky GU, lets see if we can break 1.2760 today.
  • #756,262
  • Jul 6, 2023 12:25am Jul 6, 2023 12:25am
Quoting Headland
...so, 1st upside break of Asian hi was false. Ie it broke upside of the mini range into the main range on the 1hr t/f. Rangy old 1hr right now still. 1hr below {image}
Big moves to the upside right after you have posted this.
Exhausted
  • #756,263
  • Jul 6, 2023 12:26am Jul 6, 2023 12:26am
Plan, partial tp at 1.274 ~ .275 area, then hold until pipcenturion's 1.278 I guess.
Exhausted
  • #756,264
  • Edited 12:46am Jul 6, 2023 12:27am | Edited 12:46am
Quoting Waveskierrob
{quote} {image}
ird
  • #756,265
  • Jul 6, 2023 12:28am Jul 6, 2023 12:28am
Quoting Bella.al
{quote} Update: I have Bella's Price Objective 1 : 1.26591 , which i like to see get hit today. i will move my Trailing Stop further down . To revise the order , Short GBPUSD on 05.07.2023 ( Bella's Reversal Date ) at Bella's 13:38 GMT . ( Bella's Date Forecasting ) Bella's Blue ( beta v1.7) {image}
Trailing Stop hit +3 Pips.
Goddess of Thunder..
  • #756,266
  • Jul 6, 2023 12:33am Jul 6, 2023 12:33am
Next couple week projection.

Everything could change with NFP with since it has been > consensus expectation for a while. However, CPI rate indicating hike cycle coming to end.
Weekly
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The weaker UK economy is making GU pussing around

Daily
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More time in the market, does not mean you trade better!
  • #756,267
  • Jul 6, 2023 12:33am Jul 6, 2023 12:33am
...2nd upside b/o of Asain hi now as bulls seemingly reloaded and boom- upside momentum hits the market! Challenging
prev 1hr/4hr sw hi zones now = prev res = pot res.

1hr below
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Trader with an Edge.
  • #756,268
  • Jul 6, 2023 12:34am Jul 6, 2023 12:34am
News feed 29 mins ago : BOE's Bailey: Inflation is way too high above the 2% target

I mean, obviously. But could this statement be a trigger for MM moves?
Exhausted
  • #756,269
  • Jul 6, 2023 12:37am Jul 6, 2023 12:37am
Quoting Elysion
News feed 29 mins ago : BOE's Bailey: Inflation is way too high above the 2% target I mean, obviously. But could this statement be a trigger for MM moves?
Already priced in. Markets expect 6.5% rate by March Apparently.
  • #756,270
  • Jul 6, 2023 12:43am Jul 6, 2023 12:43am
...worth a look @ 4hr...lots of potential supply up to 2848, the current yrly hi. 10/20/40 ema crosses as currently stand thru the t/f's per graphic below.
Up, down, up, down the London story so far.

4hr and ema graphic below
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Trader with an Edge.
  • #756,271
  • Jul 6, 2023 12:50am Jul 6, 2023 12:50am
Up down up down. Hmmmmmmmmmmmmmmmmmmmm
Should've went for EURUSD for clearer picture of price
Exhausted
  • #756,272
  • Jul 6, 2023 12:56am Jul 6, 2023 12:56am
Quoting ninner
{quote} Longer term UJ can fall a long ways!!! Side note...my AUDCAD long trade i mentioned earlier is working out well and my second tronche got taken out and now riding the rest.
CAD is weak yeah and will continue to depreciate for some time I think.
  • #756,273
  • Jul 6, 2023 12:57am Jul 6, 2023 12:57am
Quoting Elysion
Up down up down. Hmmmmmmmmmmmmmmmmmmmm Should've went for EURUSD for clearer picture of price
Hi, I guess it depends on the t/f's you operate on. Happy days on the lower t/f's, ie the sub 15min triggers.
Trader with an Edge.
  • #756,274
  • Jul 6, 2023 12:57am Jul 6, 2023 12:57am
Quoting Elysion
Up down up down. Hmmmmmmmmmmmmmmmmmmmm Should've went for EURUSD for clearer picture of price
worse, these two days, market is wild

USDJPY GBPUSD same direction together
  • #756,275
  • Jul 6, 2023 1:02am Jul 6, 2023 1:02am
This week we have had a range of less than a 100 pips! Crazy .. oh well 2 days left of the week let’s see if we can get a movement either way
Insane in the Brain..
  • #756,276
  • Jul 6, 2023 1:02am Jul 6, 2023 1:02am
Quoting Bella.al
{quote} Trailing Stop hit +3 Pips.
Time to update my little journal while i am developing Bella's Blue currently in beta v1.7 Target beta v 2.0 implementing features so it is ready for trading

Journal Started : 01.06.2023
Bella's Blue Journal Total = (-125) + 2 +3 + 9 = (-111).

Back to my Lab until next trade.

Bella.
Goddess of Thunder..
  • #756,277
  • Edited 1:28am Jul 6, 2023 1:03am | Edited 1:28am
Quoting Traderview
I'm already short @ 1.2710. R zone 1.2715 - 1.2737. {image}
~1.273 has the most potential for reversal. If price goes above 1.275 then Selling isn't wise.

However, we are still far away from.knowing anything, we have 4 High-Impact news for USD today and NFP tommorow.

It's hard to really pinpoint the price, because price has already been everywhere and went through every last Sell and Buy there is. I simply don't know.
  • #756,278
  • Jul 6, 2023 1:04am Jul 6, 2023 1:04am
Trying to suck us in from both sides
average dude treading water
  • #756,279
  • Jul 6, 2023 1:06am Jul 6, 2023 1:06am
Quoting MIKKI
Trying to suck us in from both sides
ya been suck both
call usdjpy when see DXY spike also loss
call gbpusd also lost LOLZ
  • #756,280
  • Edited 1:28am Jul 6, 2023 1:11am | Edited 1:28am
H1 is in uptrend. Last Buy started from 1.2695. This HL had been tested, but not broken.

On the other hand, H4 is in downtrend. LH started from 1.2750.
1.275 could be tested soon and then we will see if H4 downtrend is over or not. Price failing to break 1.275 is a sign to Short.

Daily and Weekly are both in uptrend too.

According to Dave, we should wait for a break above 1.275 and start adding Longs
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