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Cable Update (GBPUSD)

  • #826,521
  • May 21, 2024 8:58am May 21, 2024 8:58am
CPI is first piece of data that we get that is going to move price action beyond the current consolidation. CPI expected to fall drastically, however services inflation is going to be watched the most. Considering we will get print below 3% downward spike on announcement is probable, but depending on the detailed review of the information, we will se if it worth chasing or fading. Don't get caught in this market; if you're unsure it is better to observe from the side or trade smaller than usual.
  • #826,522
  • Edited 9:23am May 21, 2024 9:09am | Edited 9:23am
Quoting IgorGG
CPI is first piece of data that we get that is going to move price action beyond the current consolidation. CPI expected to fall drastically, however services inflation is going to be watched the most. Considering we will get print below 3% downward spike on announcement is probable, but depending on the detailed review of the information, we will se if it worth chasing or fading. Don't get caught in this market; if you're unsure it is better to observe from the side or trade smaller than usual.
yeah stay away from such news any country !! any way I am only waiting for gold breaks 2433 !! others can manage later , eurusd full tired , gu strong in its nature , no worry about gu apparently! take care
usdx breakout , no easy bull offer here ! let use the situation ! only 2 speaks news , likely not help today rather deterioration !
for gu breaks and hold 2723 and 37 may boost life to 2762 plays and more !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLDH4.png Size: 13 KB
Click to Enlarge Name: usdx1.png Size: 19 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #826,523
  • May 21, 2024 9:32am May 21, 2024 9:32am
Bulls need to break 2725.

I do not see this happening.

I see this price going down from here.

Atleast until tomorrow news event.
Intraday only.
  • #826,524
  • May 21, 2024 9:35am May 21, 2024 9:35am
Wtf kind of price action is this
  • #826,525
  • May 21, 2024 9:36am May 21, 2024 9:36am
Quoting navk
Bulls need to break 2725. I do not see this happening. I see this price going down from here. Atleast until tomorrow news event.
But the bulls still have time to break it. BOE Governor will also speak today
  • #826,526
  • May 21, 2024 9:39am May 21, 2024 9:39am
bear defence with 1.27333 as stop loss Line. Shorting @ 1.27200 tp 40pips
Keep the Lights on then you can catch the rise from the dark.
  • #826,527
  • May 21, 2024 9:41am May 21, 2024 9:41am
Quoting Jackoboms
{quote} But the bulls still have time to break it. BOE Governor will also speak today
yeah, possible.

Look at the whole picture of chart.

this 2725 held many times.

To break this, it needs an effort.

I would bet a ranging day today than a trending day
Intraday only.
  • #826,528
  • May 21, 2024 9:50am May 21, 2024 9:50am
Quoting navk
{quote} yeah, possible. Look at the whole picture of chart. this 2725 held many times. To break this, it needs an effort. I would bet a ranging day today than a trending day
Looks like the manipulators are doing all they can to break it
  • #826,529
  • May 21, 2024 9:51am May 21, 2024 9:51am
Quoting Whale
{quote} i dont see any momentum bullish or bearish
The bulls looks more in control though
  • #826,530
  • May 21, 2024 9:52am May 21, 2024 9:52am
Quoting ricmaj
bear defence with 1.27333 as stop loss Line. Shorting @ 1.27200 tp 40pips
The bulls are really trying hard to break that defence
  • #826,531
  • May 21, 2024 9:58am May 21, 2024 9:58am
Quoting Jackoboms
{quote} Looks like the manipulators are doing all they can to break it
That was r1.

In any day, r1 or s1 will be tested.

The price generally bullish in nature, so tested r1.
Intraday only.
  • #826,532
  • May 21, 2024 10:01am May 21, 2024 10:01am
usdx may look like this next6 , waiting with care
may just matter if time gu breaks and hold successfully 2723 /38 also
Attached Image (click to enlarge)
Click to Enlarge Name: usdx3.png Size: 15 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #826,533
  • May 21, 2024 10:01am May 21, 2024 10:01am
Sold 1.2724
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #826,534
  • May 21, 2024 10:06am May 21, 2024 10:06am
Quoting Jackoboms
{quote} The bulls looks more in control though
ok.. what can i say.. this is my levels and we should waitz
  • #826,535
  • May 21, 2024 10:47am May 21, 2024 10:47am
Quoting Jackoboms
{quote} But the bulls still have time to break it. BOE Governor will also speak today
As I said, 2727/25 resisted for time being.

And all done today.
Attached Image (click to enlarge)
Click to Enlarge Name: done.png Size: 61 KB
Intraday only.
  • #826,536
  • May 21, 2024 11:07am May 21, 2024 11:07am
Quoting Jackoboms
{quote} The bulls are really trying hard to break that defence
Don't wait too long in one direction if the technicals are obvious for the opposite direction. Price might get there and price might fail to get there on the balance of probability the choice is yours.
Keep the Lights on then you can catch the rise from the dark.
  • #826,537
  • May 21, 2024 11:12am May 21, 2024 11:12am
Quoting fontu
usdx may look like this next6 , waiting with care may just matter if time gu breaks and hold successfully 2723 /38 also {image}
it will hit 105.85 100%...there is gap at 105.85
  • #826,538
  • May 21, 2024 11:12am May 21, 2024 11:12am
Quoting navk
The definition of imbalance/balance is easily available thro search engine. How to trade this ? In larger time frame when there is interest rate decicion, the price makes a spike / drops and thus making a bullish imbalance or bearish imbalance. There after, the price tries balancing act. The price tries to fill up the gap and moves in same direction or opposite direction. The move after sudden volume can be traded by following smaller time frame chart by seeing gaps.
It is easier to trade the sudden volume.

Today a sudden sell volume and bulls taking over .

See the bullish volume in 1 min chart. After sudden sell volume.

But then.... the buy volume failed at 2725.

Best for scalp.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rM1.png Size: 11 KB
Intraday only.
  • #826,539
  • May 21, 2024 11:16am May 21, 2024 11:16am
Quoting Yngwie
Sold 1.2724
closed 20p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #826,540
  • May 21, 2024 11:24am May 21, 2024 11:24am
BOE Gov Bailey how does price usually react to his speeches?
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