1.21 is good target, might pull back then drop to 1.20
Cable Update (GBPUSD)
- #778,264
- Edited 9:38pm Sep 26, 2023 8:58pm | Edited 9:38pm
- Joined Nov 2021 | Status: Meeseeks | 1,890 Posts
Face 'ur fears & tame 'ur greed
- #778,265
- Edited 9:16pm Sep 26, 2023 9:00pm | Edited 9:16pm
- Joined May 2022 | Status: Trader | 8,031 Posts
{quote} in 95-96 when republicans pulled this sme crap on clinton the dollar rallied from 85 to 120 in his second term LOL however this time the dollar is at resistence so prolly will fall this time
heres some trivia about usa shutdowns in 1995-96 the dollar rallied from 89 to 120 after the shutdown in clintons term happened to obama in 2013 and dollar went up cause was at 80 in 2018-19 it went up again but not as much but all these those times it was near lows this time i think will drop since we're closer to highs there were 36 government shutdowns...i didnt check all of them but dollar still goes up even in those situations LOL
you all know how bullish i am the dollar LOL...im so proud of my currency
the point im making is a usa shutdown is boolish for the dollar...i gave a few examples in the posts im quoting abbove...you all can do more indepth research if you want...
but i guess a THREAT OF A SHUTDOWN is boolish too LOL
my dollar charts from the 22nd were signalling sells for a retrace but the dollar just kept on going...thats not healthy to have such a parabolic rise on the weekly... so that and bones 3 black crows at a support level reasons why i started buying.... cause 3 crows at support usually are a bullish indicator cause position of candle patterns matters
so the support levels weekly,monthly and quarterly charts have entered good place to go long.well anyways thats why i started buying GU on 4H but the budget battles in congress lit a fuse under the dollar so it keeps drifting up and every currency is getting extended beyond its bounce levels
below are the dollar charts i was refrencing were gona retrace...daily inside candle nd consolidation on 4H
also i added a link to some guy giving a detailed explanation why black crows can be bullish because of their position
This means you treat the Three Black Crows Pattern as a bullish signal — alerting you of potential buying opportunities. Wait for a Three Black Crows pattern to come into an area of value (like Support, Trendline, etc.) Go long when the market shows rejection of lower prices (like Hammer, Bullish Engulfing, etc.)
https://www.tradingwithrayner.com/three-black-crows-candlestick/#:~:text=This%20means%20you%20treat%20the,you%20of%20potential%20buying%20opportunities.&text=Wait%20for%20a%20Three%20Black,%2C%20Bullish%20Engulfing%2C%20etc.)
i dont know who this guy is so cant vouch for the rest of his site just this article LOL
short trump and go long the deepstate
- #778,266
- Edited 9:14pm Sep 26, 2023 9:04pm | Edited 9:14pm
- Joined May 2022 | Status: Trader | 8,031 Posts
the reason for my long post is the news reports of deals being made on a stopgap funding bill so dollar will do that retrace i was talking about days ago hopefully like tonight LOL
if i had known a threat of a shutdown was bullish dollar id have picked the daily chart to buy instead of 4H so thats why im in DD but i expect price to rebound to 2600 now once the drama ends in washington so will nurse these longs to get payback
if i had known a threat of a shutdown was bullish dollar id have picked the daily chart to buy instead of 4H so thats why im in DD but i expect price to rebound to 2600 now once the drama ends in washington so will nurse these longs to get payback
short trump and go long the deepstate
- #778,267
- Sep 26, 2023 9:12pm Sep 26, 2023 9:12pm
- Joined Nov 2021 | Status: Meeseeks | 1,890 Posts
Face 'ur fears & tame 'ur greed
- #778,268
- Sep 26, 2023 9:26pm Sep 26, 2023 9:26pm
- Joined May 2022 | Status: Trader | 8,031 Posts
we all know its monthly and quarterly close this friday so heres a quarterly chart
i use real bodies to draw trendlines cause wicks just represents idiot retail traders so i ignore them cause they dont mean that much in my analysis
regardless how you draw your lines youll have to admit price is hitting support on weekly,monthly and quarterly
i use real bodies to draw trendlines cause wicks just represents idiot retail traders so i ignore them cause they dont mean that much in my analysis
regardless how you draw your lines youll have to admit price is hitting support on weekly,monthly and quarterly
short trump and go long the deepstate
- #778,270
- Sep 26, 2023 9:47pm Sep 26, 2023 9:47pm
- Joined Aug 2021 | Status: Trader | 2,506 Posts
https://breakpullback.com- #778,271
- Sep 26, 2023 10:01pm Sep 26, 2023 10:01pm
- Joined May 2022 | Status: Trader | 8,031 Posts
i got a buy signal on last 4H candle so im feeling better now
short trump and go long the deepstate
- #778,272
- Sep 26, 2023 10:22pm Sep 26, 2023 10:22pm
- Joined Aug 2021 | Status: Trader | 2,506 Posts
try to diving in the water 
for 3R
https://breakpullback.com- #778,273
- Sep 26, 2023 10:22pm Sep 26, 2023 10:22pm
Do the bulls really have it in them to push back? Eyes still on retrace to 2300
Secret to the Price Action is Liquidity.
- #778,277
- Sep 26, 2023 10:43pm Sep 26, 2023 10:43pm
- Joined Aug 2022 | Status: Trader | 4,859 Posts
BottomlessOr SL hunting?