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Cable Update (GBPUSD)

  • #826,481
  • May 20, 2024 11:33pm May 20, 2024 11:33pm
Good morning htrs.

expected 1.26428 as minimum pull back.
i have a sell stop at 1.269 for 50 pips.
  • #826,482
  • May 20, 2024 11:47pm May 20, 2024 11:47pm
Quoting Whale
Good morning htrs. expected 1.26428 as minimum pull back. i have a sell stop at 1.269 for 50 pips.
With this bullish momentum, can it really pull back that much?
  • #826,483
  • May 20, 2024 11:54pm May 20, 2024 11:54pm
Quoting Jackoboms
{quote} With this bullish momentum, can it really pull back that much?
CPI news tomorrow will crush this pair. beware bulls !
  • #826,484
  • May 21, 2024 1:07am May 21, 2024 1:07am
Quoting Pat Chiko
{quote}
Thank you my Forex Guru!
My telegram: https://t.me/avidforex
  • #826,485
  • May 21, 2024 1:08am May 21, 2024 1:08am
NZDUSD LONG
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  • #826,486
  • May 21, 2024 1:17am May 21, 2024 1:17am
I’m also long on XAUUSD

I hope USD don’t come out strong.

well let’s see how it goes. Levels are currently holding after stops are taken and level respected.
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  • #826,487
  • May 21, 2024 1:58am May 21, 2024 1:58am
G/M. A bullish dly candle y/day, today so far - a very small Asian range just off y/day's hi and an immediate London upside break of the Asian hi, price now back near the Asian hi. Previous sw hi and lo zones to Y/day's hi and Asian lo the immediate potential res/supp respectively. 1hr and 4hr general uptrends remain intact, and intraday bullish so far.

1hr below
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Trader with an Edge.
  • #826,488
  • May 21, 2024 2:18am May 21, 2024 2:18am
bull top remain intact for any sharp spike up possible ! watching
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #826,489
  • May 21, 2024 2:25am May 21, 2024 2:25am
I've had my eye on this spot and it looks like it wants to break over it.
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Compulsions can be hard to resist
  • #826,490
  • May 21, 2024 2:30am May 21, 2024 2:30am
Quoting Headland
G/M. A bullish dly candle y/day, today so far - a very small Asian range just off y/day's hi and an immediate London upside break of the Asian hi, price now back near the Asian hi. Previous sw hi and lo zones to Y/day's hi and Asian lo the immediate potential res/supp respectively. 1hr and 4hr general uptrends remain intact, and intraday bullish so far. 1hr below {image}
So, a 1st b/o of the Asian hi, a p/back to it, and bang - up it goes again - to the prev 1hr/minor 4hr sw hi zone = prev res = pot res that extends up to y/day's 2725 hi, where some supply was waiting. It was a classic 'BOS' (marked in red on chart below,) - p/back to it, drop down a t/f or two and find (in this case) a long entry.

1hr below

...on a scale of over bought, very o/b, extreme o/b, my Dly osc's just tipped into o/b as of y/day's hi.
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Trader with an Edge.
  • #826,491
  • May 21, 2024 3:18am May 21, 2024 3:18am
usdx remain vulnerable to correct to the full depth still ! 2696 watching for gbpusd !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #826,492
  • May 21, 2024 3:47am May 21, 2024 3:47am
...so 1st upside b/o of Asian hi is now false to 30min, the upmove b/o coming to grief @ the prev 1hr/minor 4hr sw hi zone that extends to y/day's 2725 hi. Price now back in the Asian range, with a recent lo @ the DP.

1hr below
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Trader with an Edge.
  • #826,493
  • May 21, 2024 4:01am May 21, 2024 4:01am
Quoting sparkyyy
Likely going to test 1.27230 again before retrace.
I think bullish continuation.
  • #826,494
  • May 21, 2024 4:13am May 21, 2024 4:13am
Quoting trumps
{quote} This week or next week. Maybe next week
Hope this week guy.
  • #826,495
  • May 21, 2024 4:21am May 21, 2024 4:21am
Seems a good number of people are in drawdown, hence the silence here. Market shall SELL soon
  • #826,496
  • Edited 4:35am May 21, 2024 4:25am | Edited 4:35am
Quoting Jackoboms
Seems a good number of people are in drawdown, hence the silence here. Market shall SELL soon
Hi. Maybe, but the silence is probably more due to the market conditions/lack of volatility right now,? - Just look @ 1hr chart, and y/day was only just over 50% of the 30day adr. So far today 29%. This said, some nice plays so far this London morning on the sub 1hr t/f's.
Regards.

1hr below
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Trader with an Edge.
  • #826,497
  • May 21, 2024 4:27am May 21, 2024 4:27am
Quoting Headland
{quote} Hi. Maybe, but the silence is probably more due to the market conditions/lack of volatility right now,? - Just look @ 1hr chart, and y/day was only just over 50% of the 30day adr. So far today 29%. This said, some nice plays so far this London morning on the sub 1hr t/f's. Regards.
Ok
  • #826,498
  • May 21, 2024 4:52am May 21, 2024 4:52am
It’s going to trickle up or down until tomorrow. Yesterday a bank holiday in Europe, UK and US seemed to be a sleepy too. Again no data, today quite similar no data hence no volatility

lots of noise about tomorrow’s data release, it could take us upto 128 as the forecast seems overly ambitious
Insane in the Brain..
  • #826,499
  • May 21, 2024 5:11am May 21, 2024 5:11am
Quoting BeeTogether
It’s going to trickle up or down until tomorrow. Yesterday a bank holiday in Europe, UK and US seemed to be a sleepy too. Again no data, today quite similar no data hence no volatility lots of noise about tomorrow’s data release, it could take us upto 128 as the forecast seems overly ambitious
Hi. Yeah, a few Fed Fomc types speaking later today but all the potentially important stuff is weds/thurs/fri. That Uk Cpi/Rpi/Ppi tomorrow could prove 'stickier' than the Boe/Mpc would like? Commentary so far is for a 'good' drop in the cpi, so expectations already heightened. Any shortfall -vs- that expectation/forecasts could see some movement, or indeed any overshoot of them. More potentially market-moving Uk data thurs/fri as well.
Regards.
Trader with an Edge.
  • #826,500
  • May 21, 2024 5:22am May 21, 2024 5:22am
The supporting news tomorrow CPI y/y may put GBP to new zone?
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