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cable short for gbpusd? 10 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

...as of right now - 1hr rangy to currently bearish, 4hr general uptrend in some doubt, dly still in general uptrend, intraday v.bearish

4hr below with 10/20/40 ema crosses graphic
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Intraday trader 30min+ supp/res/sbr/rbs, & 5min+ sbr/rbs, via 1min+ set-ups
hm, looks like USD might go up a bit... CMI strongly disproportional with price action

therefore waiting for better setups for day or two
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Quoting BeeTogether
Damn that spike! Data much worse than expected let’s see if it’s 126 or 127 next
The spike has nothing to do with the data other than timing! The 'news' indicated that the UK is inflation is coming down slightly faster than predicted. Nothing to suggest rate cuts or rate increases!
Quoting ScalaFX
{quote} will reload higher to 2620
would nice to see 2500 today
starting normal short 2680
well done , breakout , so probable ready for test 2580/70. take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting voeltoez
{quote} would nice to see 2500 today starting normal short 2680
daily see target 2580..but possible if bear strong get to 2500 lower bands..
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Quoting dantpm
{quote} The spike has nothing to do with the data other than timing! The 'news' indicated that the UK is inflation is coming down slightly faster than predicted. Nothing to suggest rate cuts or rate increases!
Hi. Yeh but you gotta luuuuuuuuuve some of these data reactions!
-------------------------------------
...price @ the current dly lo has tested top of dly/4hr part of the prev 1hr/4hr/minor dly sw lo zone that extends down to 2628 current wkly lo.
Intraday trader 30min+ supp/res/sbr/rbs, & 5min+ sbr/rbs, via 1min+ set-ups
i dont trade more today, but on h4 this is clear support zone
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trading is like dancing, don't think and just listen to the music!
Quoting dantpm
{quote} The spike has nothing to do with the data other than timing! The 'news' indicated that the UK is inflation is coming down slightly faster than predicted. Nothing to suggest rate cuts or rate increases!
im sure the data helped the drop, but yes I agree BoE have already said rates not coming down soon. This drop in inflation could be due to fuel prices being at their lowest for 2 years
Insane in the Brain..
Quoting tm38691
hm, looks like USD might go up a bit... CMI strongly disproportional with price action therefore waiting for better setups for day or two {image}
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Quoting Headland
{quote} Hi. Yeh but you gotta luuuuuuuuuve some of these data reactions! ------------------------------------- ...price @ the current dly lo has tested top of dly/4hr part of the prev 1hr/4hr/minor dly sw lo zone that extends down current wkly lo (2628.)
That is why it makes more sense to stand aside for these news events unless you have a specific gamble that you want to make and you have appropriate stop losses in place. Stop hunts around these news releases also have to be considered. You almost need a hidden order or a bot that executes a trade 20 seconds before the news is released or possibly as the news is released....
Quoting aa4fx
{quote} Latest news I was super wrong on the direction … my thoughts now are that no matter what numbers, first will be up, then down … looking to sell
Although I was out before, I have no bad feelings for this drop, happy to be out with something than nothing…
Anyway, just another wrong thought…
I wonder what will be given to London open - still not selling 2667 - there could be sime panicked robots that will make it go up before more down, if will be the case, I may sell it
?!? Profit This Year: €136
Quoting dantpm
{quote} That is why it makes more sense to stand aside for these news events unless you have a specific gamble that you want to make and you have appropriate stop losses in place. Stop hunts around these news releases also have to be considered. You almost need a hidden order or a bot that executes a trade 20 seconds before the news is released or possibly as the news is released....
Frequently see iceberg orders executed in the run up to news. Sometimes it gives a clue. Moreso on index futures
Quoting voeltoez
{quote} would nice to see 2500 today starting normal short 2680
hopefully i'm short already
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
...big drops in that Uk Cpi data m/m, across the board. Have that set the 'tone' of the day? Retail stops likely under current wkly lo?
Intraday trader 30min+ supp/res/sbr/rbs, & 5min+ sbr/rbs, via 1min+ set-ups
With this news outcome, I foresee London open later will have a spike retracement to a better price to short maybe around 2700. Unlikely that they will just continue selling what Asian has already sold. With that said, HTFs are still bullish.
Quoting BeeTogether
{quote} im sure the data helped the drop, but yes I agree BoE have already said rates not coming down soon. This drop in inflation could be due to fuel prices being at their lowest for 2 years
all in all after the hawkish pause the markets were pricing in rate cuts in the summer and this just says they are on the right track and it should happen around June but strong data could lead the market opening to possibly this happening sooner
Quoting Waveskierrob
The spirit of Maheee visited me last night in my dream and told me that tomorrow will be a red candle day...
Imppossible.
How does you/Maheee know all the CPI data one day before it release?. I'm sure you got some leaked somewhere....


Quoting Pat Chiko
{quote} UK Inflation Checkup: Wednesday is a big day for the UK. They're releasing inflation data, and if it's high, it could be bad news for the Pound. Remember, high inflation means people have less money to spend, and that hurts businesses and the economy. Howwever, there are some reasons to be optimistic: USD Slowdown: The USD isn't exactly on fire either. If it weakens a bit, the Pound could bounce back. Maybe No Recession: So far, the UK has avoided a recession, which is good news for the Pound. But we'll have to wait until Thursday's...
GBP USD
Sterling falls as UK CPI data vindicates market posturing on rate cuts

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I come from the future.
support 1.2645/1.2625/1.2610
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
next levels reaction 2637 and 2611 , while interacting daily close 2646 and should try stay below it , so 2637/11, 2590/-70 all may test today! overall limit for the leg down goes to 2716 ! lets see
Not understand?better not follow my analyses!doubt clearer first, risks ++
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