Cable Update (GBPUSD)

currently is @1.2434 on daily, what i m followin with more interest for a rsi div is ma200 on tf H8 located @1.2404

Excellent, that could trigger a reaction.

An additional signal in favor of the currency pair decline will be a test of the resistance line on the relative strength indicator (RSI). The second signal in favor of the decline will be a rebound from the upper border of the bearish channel. A strong growth and breakdown of the resistance area with the price fixing above the level of 1.2475 will cancel the downside option of the GBP-Dollar pair. This will indicate the breakdown of the resistance level and the continuation of the growth of the pair Pound Dollar to the area at 1.2645. We should expect confirmation of the pair's fall with the breakdown of the support area and the price closing under the level of 1.2045, which will indicate the breakdown of the lower boundary of the bullish correction channel.


There are no important news from the UK that can affect the GBP/USD rate, so the pair will continue to move within the framework of technical analysis.
Thus, GBP/USD Pound Dollar Forecast for November 6, 2023 suggests an attempt to test the resistance area near the level of 1.2405. Then, the continuation of the decline with the target near the level of 1.1735. An additional signal in favor of the British Pound decline will be a test of the resistance line on the relative strength indicator (RSI). A strong growth of the British Pound against the U.S. Dollar and a breakdown of the 1.2475 area will cancel the downside option. This will indicate the continuation of the rise in the Forex pair with a potential target above the level of 1.2645.

one breakeven to go please

USDCAD short

Hi moty, sorry for asking you again..
But in a few weeks ago i saw that your balance is $1900. now decline to $361 , is that due to loss or part of withdrawal?

from 4 of October i deposited 120 $ went to 1300 $ then to 200 $ deposited 600 $
went up to 1800 $ and now to 80 $
all this without withdrawing
there was a withdrawal of 1000 that was canceled and deposited again ,
from that is the 1000 $ addition for each depositing and withdrawing
total deposite is 734$
at my highest profit i was 1260 $ up

closed longs on one account. I have 3 x 200k accounts. 1st account -3.5% coz of gold longs totalled smoked. 2nd one screenshot. And third one tagetting 1.24140….. lets see…

i'm really sorry to hear that..but hope the best for you to get back from what you loss..
i know forex is cruel but maybe we can learn something if earning profit enough..as soon as possible, we have to withdraw from the profit we made..

all these three account at phase 1 ?

Come on retracement

this will be happening also for monday i think..
IMO, perhaps we need retracement till 1.227xx - 1.228xx before this pair moving to up again.

check the prop firm thread posted some screenshots there. Nope phase 2

My firm believe from friday is there. Dxy broke a important support. Time to extend down deep before reversing coz we have a big gap at top

Trading Vs. Gambling.

Waiting For 1.24500 for this week

all GJ active, GU started 2387 will add till 2420

it s ready to reach and climb figure 1.24

i believe london open will give that push… i am aiming for exact 1.24140

Once GU settles above this support. Don’t let me remind you to go long.

Blessed week already.