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Cable Update (GBPUSD)

  • #822,701
  • Apr 22, 2024 2:56pm Apr 22, 2024 2:56pm
GU Daily
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GU H1
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  • #822,702
  • Apr 22, 2024 3:09pm Apr 22, 2024 3:09pm
Homeowner pain as major banks hike mortgage rates https://www.bbc.co.uk/news/business-68874847

surely if true the GBP pairs should have rocketed?
Insane in the Brain..
  • #822,703
  • Apr 22, 2024 4:05pm Apr 22, 2024 4:05pm
Quoting BeeTogether
Homeowner pain as major banks hike mortgage rates https://www.bbc.co.uk/news/business-68874847 surely if true the GBP pairs should have rocketed?
give it time.
I think the Pound needs to poke its head just below todays low of 22995 before the major reversal happens.
Compulsions can be hard to resist
  • #822,704
  • Apr 22, 2024 4:19pm Apr 22, 2024 4:19pm
Quoting trumps
{quote} give it time. I think the Pound needs to poke its head just below todays low of 22995 before the major reversal happens.
it already dipped below 1.23?? Check the charts?
  • #822,705
  • Apr 22, 2024 4:33pm Apr 22, 2024 4:33pm
Quoting Godspromise
{quote} it already dipped below 1.23?? Check the charts?
Yes I know Godspromise.
But I said I think it needs to dip it's head below todays low of 22995, before the major reversal begins.
Meaning I don't think we have quite bottomed out yet.
Compulsions can be hard to resist
  • #822,706
  • Apr 22, 2024 4:37pm Apr 22, 2024 4:37pm
I have a major fib at 2293.
Doesn't have to touch it of course, but it is there sitting on support where I feel many buyers will be also.
Compulsions can be hard to resist
  • #822,707
  • Apr 22, 2024 4:43pm Apr 22, 2024 4:43pm
Quoting trumps
{quote} Yes I know Godspromise. But I said I think it needs to dip it's head below todays low of 22995, before the major reversal begins. Meaning I don't think we have quite bottomed out yet.
ohhhh ok I get you
  • #822,708
  • Apr 22, 2024 5:06pm Apr 22, 2024 5:06pm
Above 1.2365, weekly open, significant retrace can be expected
Intraday only.
  • #822,710
  • Apr 22, 2024 9:02pm Apr 22, 2024 9:02pm
So waiting either test 2370 areas or break out 2348 / signal 45 and confirmation 42 for a 2300 /bottom play.. As bounce strong better test high to decide, for test high price can bounce over confirmation 2342.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #822,711
  • Apr 22, 2024 9:21pm Apr 22, 2024 9:21pm
GOLD
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Based on EW and Fib
Now that Upward structure is broken, we can comfortably look for shorts setup.
Your methodology (edge) should never allows you to run after price (because you will be caught in overtrading), instead waiting for setup to form, wait for price to come to your POI, then you enter the market while playing defense. Once price start moving in your favour (i.e internal structure start building in your favour, you switch to palying offense- exiting some positions from previous entry at ~1:4 or more[depending on what the market is offering] while use this money to re-enter on BO/RT of internal structure that is bulding in your favour).
This way you will have many risk free position from the perspective of your initial capital.
More time in the market, does not mean you trade better!
  • #822,712
  • Apr 22, 2024 9:48pm Apr 22, 2024 9:48pm
Quoting Fardeen1209
GOLD {image} Based on EW and Fib Now that Upward structure is broken, we can comfortably look for shorts setup. Your methodology (edge) should never allows you to run after price (because you will be caught in overtrading), instead waiting for setup to form, wait for price to come to your POI, then you enter the market while playing defense. Once price start moving in your favour (i.e internal structure start building in your favour, you switch to palying offense- exiting some positions from previous entry at ~1:4 or more[depending on what the market...
Great post!
https://breakpullback.com
  • #822,713
  • Apr 22, 2024 9:58pm Apr 22, 2024 9:58pm
i do not need to say a word
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  • #822,714
  • Apr 22, 2024 10:05pm Apr 22, 2024 10:05pm
Quoting eyefeelsix
{quote} Great post!
I'm on steroids in the morning. By noon, i can barely keep my eyes open.
More time in the market, does not mean you trade better!
  • #822,715
  • Apr 22, 2024 10:12pm Apr 22, 2024 10:12pm
Quoting Fardeen1209
{quote} I'm on steroids in the morning. By noon, i can barely keep my eyes open.
keep healthy friend
https://breakpullback.com
  • #822,716
  • Apr 22, 2024 10:34pm Apr 22, 2024 10:34pm
Quoting PatienceFx
i do not need to say a word {image}
me 2
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chaos is just unknown order
  • #822,717
  • Apr 22, 2024 10:53pm Apr 22, 2024 10:53pm
anyone looking at Eur/JPY? it looks like a quiet period before an explosive move
  • #822,718
  • Apr 22, 2024 10:54pm Apr 22, 2024 10:54pm
FTSE100 premarket looks wants to print record today as yesterday, pound sub 1,23 more likely, unless MM want a better price to sell it before the dive. or at least is what i'd like to lol.
chaos is just unknown order
  • #822,719
  • Apr 22, 2024 11:27pm Apr 22, 2024 11:27pm
I'm going to wait until US numbers. Bulls you better start praying for a bad one. Today could be the day for 1.24
  • #822,720
  • Apr 23, 2024 12:06am Apr 23, 2024 12:06am
Short 1.06470

It's probably time for 1.223 or 1.21.
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