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Cable Update (GBPUSD)

  • #803,241
  • Jan 17, 2024 1:54am Jan 17, 2024 1:54am
There will be more buying above 1.2657 unless dragged down at LO
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Don't Leave Money on the Table
  • #803,242
  • Jan 17, 2024 1:55am Jan 17, 2024 1:55am
there was nice QM so I took them first target 2047 then maybe 2075
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People don't plan to lose. They lose because they don't plan.
  • #803,243
  • Jan 17, 2024 1:55am Jan 17, 2024 1:55am
gbpjpy is on fiiiiiiiire!!! LOL
  • #803,244
  • Jan 17, 2024 1:56am Jan 17, 2024 1:56am
Sold 2650 tp sl open
  • #803,245
  • Jan 17, 2024 2:04am Jan 17, 2024 2:04am
Ohhhh sweet!!!!
  • #803,246
  • Jan 17, 2024 2:06am Jan 17, 2024 2:06am
Quoting voeltoez
Sold 2650 tp sl open
add 2666 ..just liittle will add more later
  • #803,247
  • Jan 17, 2024 2:09am Jan 17, 2024 2:09am
Quoting ScalaFX
{quote} same plan maybe with 2830 target

I see this bullish movement as a correction of wave 1 on the daily timeframe

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https://breakpullback.com
  • #803,248
  • Jan 17, 2024 2:09am Jan 17, 2024 2:09am
Quoting Yngwie
forecast destination 1.2670
Consider done
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #803,249
  • Jan 17, 2024 2:10am Jan 17, 2024 2:10am
NICE UK data..favors a stronger pound. LOL
  • #803,250
  • Jan 17, 2024 2:12am Jan 17, 2024 2:12am
2712 would be a great sell spot Looking at the daily and 4hr
Compulsions can be hard to resist
  • #803,251
  • Jan 17, 2024 2:12am Jan 17, 2024 2:12am
Quoting MrFanciful
The dollar tends to rally going into a recession, and gold tends to fall as it is very liquid and easy to sell so entities can shore up their failing balance sheets. What also tends to happen is the the inversion of the yield curve starts to disinvest. As this happens, the Fed will cut rates, the dollar will fall hard and gold will be moon bound. {image} {image}
good post.
thank you.
90% of traders use TA, indicators and prediction
  • #803,252
  • Jan 17, 2024 2:18am Jan 17, 2024 2:18am
1.26 still intact
Looks to me building a bull flag out there.

might retrace back again so will wait.
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90% of traders use TA, indicators and prediction
  • #803,253
  • Jan 17, 2024 2:22am Jan 17, 2024 2:22am
Quoting fontu
{quote} Likely actual test /breaks 2595 good signal level today , not confirmation bear yet. Again The present wave running a last leg down , may base effects as this sr and correction tries may again at some lows for 2657 to above 2686 possible. Lets see how reacts! Take care {image} {image}
well done ! 2678/86/93 all at risk till 2712 real limit right now ! lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #803,254
  • Jan 17, 2024 2:25am Jan 17, 2024 2:25am
Quoting trumps
2712 would be a great sell spot Looking at the daily and 4hr
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Compulsions can be hard to resist
  • #803,255
  • Jan 17, 2024 2:26am Jan 17, 2024 2:26am
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yes yes yes
  • #803,256
  • Jan 17, 2024 2:27am Jan 17, 2024 2:27am
Not wanting to hand out any hopium here but if Euro can rise back to 1.0900 then cable should do same and hit 2700
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Don't Leave Money on the Table
  • #803,257
  • Jan 17, 2024 2:28am Jan 17, 2024 2:28am
G/M, strong move up on the Uk data after an Asian lo below y/day's lo, and again into those prev 4hr sw hi's =pot rbs zones shown y/day where post data demand was encountered as uk inflation ticks up unexpectedly! A 1st upside break above the Asian hi with that move up, and into a prev 1hr/4hr sw hi zone = prev res = pot res. Asian lo is presently the current dly lo.1hr/4hr rangy right now, intraday up so far.
1hr below
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Trader with an Edge.
  • #803,258
  • Jan 17, 2024 2:30am Jan 17, 2024 2:30am
Quoting Whale
{quote} added 1.26
Closed all longs @ 1.2671..
I will wait a bit for further execution
  • #803,259
  • Jan 17, 2024 2:33am Jan 17, 2024 2:33am
Run out of legs
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  • #803,260
  • Jan 17, 2024 2:33am Jan 17, 2024 2:33am
...chart below shows where rbs was encountered @ the asian lo before the strong Uk data-fueled move up this London morning so far. A lot of pot sbr above it on this 4hr t/f, (circled.)

4hr below
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