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Cable Update (GBPUSD)

  • #819,321
  • Mar 29, 2024 2:05am Mar 29, 2024 2:05am
Quoting Georginson
{quote} Maybe a mere 70 - 80 pips bounce... This guy will likely attack 1.24 next week... This is the last month of the first quarter which is expected to have at least 500 pips... This is pointing at 1.2400.
This is officially the lowest first quarter range of all time in the history of gbpusd... I wonder what next quarter will do. This is absolutely shocking. Crypto and Metals took the shine off major currencies.
Data + Stat + Risk/Emotions Management
  • #819,322
  • Mar 29, 2024 2:13am Mar 29, 2024 2:13am
We had accumulation, manipulation and now is distribution on Daily Chart. Distribution should reach 1.22 down there.
  • #819,323
  • Edited 2:49am Mar 29, 2024 2:34am | Edited 2:49am
Daily Nr4 not worked, so nr7 may narrowest range on Monday, today may intermediate range and no breaks. Price on good support still in h4 tf, next h4 candle should be narrowest and 3rd next should break nr7 h4 tf, likely upside as mother insider bar strong bullish. Range 3rd candle can be 2610 to 30 breakout to hit 2655. So after 5:30 hour may start good ranging and so as most areas bank holiday note great may happen, even breaks up 2630, may not hit easily 2655, but 40 to 50 pips daily range can be expected.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #819,324
  • Mar 29, 2024 2:42am Mar 29, 2024 2:42am
Happy Easter 2024 to all!
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trading is like dancing, don't think and just listen to the music!
  • #819,325
  • Mar 29, 2024 2:44am Mar 29, 2024 2:44am
Quoting Georginson
{quote} This is officially the lowest first quarter range of all time in the history of gbpusd... I wonder what next quarter will do. This is absolutely shocking. Crypto and Metals took the shine off major currencies.
With the FED shrinking its balance sheet, everything will be impacted, somewhat complicated by other governments potentially following suit to support their currencies as well. Look at the last time they tried tightening and crypto dropped pretty significantly.

Shirking the money supply should reduce inflation. The problem will be government spending and taxes. The mix has to balance. Opportunities for trading!
  • #819,326
  • Mar 29, 2024 2:59am Mar 29, 2024 2:59am
Quoting dantpm
{quote} This chart is suggesting that price might want to drop... {image}
What does your color chart say?
Intraday Trading is an Art _ hoda
  • #819,327
  • Mar 29, 2024 4:05am Mar 29, 2024 4:05am
Japanese Yen (My Opinion)
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  • #819,328
  • Mar 29, 2024 4:06am Mar 29, 2024 4:06am
EUR/USD

Both W1 and MN Support @ 1.074.
  • #819,329
  • Mar 29, 2024 4:14am Mar 29, 2024 4:14am
Quoting Whatevs
EUR/USD Both W1 and MN Support @ 1.074.
I wonder why rhwy are just dragging it. Hit the darn support already both EU and GU.
  • #819,330
  • Mar 29, 2024 4:21am Mar 29, 2024 4:21am
Quoting Mitiblotch
{quote} I wonder why rhwy are just dragging it. Hit the darn support already both EU and GU.
Hahah... we're now in obvious range judging from the H1 chart... it's dead. Things will play out next week and next week I expect a nice drop. We'll be visiting MN Supports on both EUR/USD and GBP/USD in my opinion.
  • #819,331
  • Mar 29, 2024 4:34am Mar 29, 2024 4:34am
Quoting Whatevs
{quote} Hahah... we're now in obvious range judging from the H1 chart... it's dead. Things will play out next week and next week I expect a nice drop. We'll be visiting MN Supports on both EUR/USD and GBP/USD in my opinion.
I see same as you. My clue is that both pairs for the first time this month closed under their monthly pivot. 1.0799 and 1.2638. I expect some supports to be touched. All good data have been ignored.
  • #819,332
  • Mar 29, 2024 4:47am Mar 29, 2024 4:47am
Quoting hoda
{quote} What does your color chart say?
Less expensive for the market to drop price than to raise it.
The caveat is that we don't know what position 'the market' currently holds.
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  • #819,333
  • Mar 29, 2024 4:59am Mar 29, 2024 4:59am
What wrong with this brokers, omg...
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  • #819,334
  • Mar 29, 2024 5:02am Mar 29, 2024 5:02am
Quoting Konichiwhaat
{quote} Just woke up to see trade still in play... a miracle as cable has been very tricky this first quarter! I see 2650 was touched before a return to 2620 and currently holding. SL moved up now just under the last low at 2613
Finally out here with just 22 pips
Emotional Control. Process, not outcome.
  • #819,335
  • Mar 29, 2024 5:07am Mar 29, 2024 5:07am
Not bad for slow day
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dont teach me how to buy. im sellers!!
  • #819,336
  • Mar 29, 2024 5:11am Mar 29, 2024 5:11am
Quoting TraderFX.Id
Not bad for slow day {image}
Good example of what can be done...
  • #819,337
  • Mar 29, 2024 5:34am Mar 29, 2024 5:34am
Lazy day
Look for mini scalping trades
Ty mister eu
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yes yes yes
  • #819,338
  • Mar 29, 2024 6:22am Mar 29, 2024 6:22am
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yes yes yes
  • #819,339
  • Mar 29, 2024 7:04am Mar 29, 2024 7:04am
w1
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vankiepsauff@gmail
  • #819,340
  • Mar 29, 2024 7:16am Mar 29, 2024 7:16am
nordling...whats the feeling about this election in turkey
https://www.forexfactory.com/news/12...-wins-istanbul

i posted a usdtry chart last year about receps stupid ass and the inflation hes causing ...when are you all gona get rid of him like we're doing with donald

how long did his son in law last as head of the central bank or is he still in the job?

usdtry could fall if receps party loses in the elections
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short trump and go long the deepstate
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