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Cable Update (GBPUSD)

  • #826,601
  • May 22, 2024 2:44am May 22, 2024 2:44am
the good news is nobiee and his entire entourage have evaporated, you're not see him & any of his 'buddies' in the room at the same time
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #826,602
  • May 22, 2024 2:45am May 22, 2024 2:45am
now one long in hand and pa looks under control , 2760 was likely react area , while 2731 was pull back , so now watching for 2760 , breaks and hold , secure trade to target 2784 Plus targets , take care
another gold to see if target 2421 and 24 , while care 2419!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #826,603
  • May 22, 2024 2:45am May 22, 2024 2:45am
Quoting Jackoboms
{quote} If Market drops massively, that target might not be too far.
unless there is big data that’s either good for USD or bad for GBP it won’t drop massively just like that.
to be honest there isn’t even much in data for this or next week that could effect the current price action too much.
Insane in the Brain..
  • #826,604
  • Edited 3:05am May 22, 2024 2:47am | Edited 3:05am
Quoting Bones
the good news is nobiee and his entire entourage have evaporated, you're not see him & any of his 'buddies' in the room at the same time
You mean Nubcake & Ferna?
You have to have an IQ higher than 90 to interact with this user.
  • #826,605
  • May 22, 2024 2:49am May 22, 2024 2:49am
Quoting axecap
{quote} no need to apologise... I'm not scalping. GBP bullish for the next few weeks.
I also put a cable chart up
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #826,606
  • May 22, 2024 2:59am May 22, 2024 2:59am
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yes yes yes
  • #826,607
  • May 22, 2024 3:01am May 22, 2024 3:01am
...price has traveled 76% of 30day adr so far today and 45% of 13 week awr (1/4 yr) so far this week. Pullback from 2762 current dly hi found buyers @ the 38.2% of y/day lo - current dly hi move...nice 5min bullish hidden div there.

Price remains above the Asian hi and Y/day's hi, so 1st (Uk data inspired) upside b/o's pf those remain true for now @ least.

1hr below
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Trader with an Edge.
  • #826,608
  • May 22, 2024 3:06am May 22, 2024 3:06am
Quoting Bones
{quote} I also put a cable chart up
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The undershoot on cpi news didnt push it up even as far as ADR. Rejection at the trend line.
That and fundamentals of rate cuts is why im short
Its all just one persons opinion
  • #826,609
  • May 22, 2024 3:18am May 22, 2024 3:18am
Quoting axecap
{quote} {image} The undershoot on cpi news didnt push it up even as far as ADR. Rejection at the trend line. That and fundamentals of rate cuts is why im short
I am short too. Going all way down to 1.265

Stop loss at 1.282

I don't see it going further up till month end.

Where are my sellers?

This is the time.

Take close look at the price action.
  • #826,610
  • May 22, 2024 3:24am May 22, 2024 3:24am
Quoting Jackoboms
{quote} I am short too. Going all way down to 1.265 Stop loss at 1.282 I don't see it going further up till month end. Where are my sellers? This is the time. Take close look at the price action.
Can you put a chart for further analysis....
  • #826,611
  • May 22, 2024 3:24am May 22, 2024 3:24am
UK CPI report itself looks weak. With all goods, housing, clothing, alcohol, tobacco, furniture, restaurants & hotels lower than last month.

Inflation is definitely cooling down in the UK, even though headline is higher than expected

Headline tricks traders, don't be fooled by it guys
You have to have an IQ higher than 90 to interact with this user.
  • #826,612
  • May 22, 2024 3:25am May 22, 2024 3:25am
GBPusd
buy scenario for me at fibo
0.78 or 0.61
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Swing Trading // 1 SETUP # UNLIMITED PATIENCE
  • #826,613
  • May 22, 2024 3:27am May 22, 2024 3:27am
Quoting Jackoboms
{quote} I am short too. Going all way down to 1.265 Stop loss at 1.282 I don't see it going further up till month end. Where are my sellers? This is the time. Take close look at the price action.
Hi. It pretty much sold off the last 1hr close - the inverted hammer.
Regards.

1hr below
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Trader with an Edge.
  • #826,614
  • May 22, 2024 3:27am May 22, 2024 3:27am
[quote=Jackoboms;14875460]{quote} I am short too. Going all way down to 1.265 Stop loss at 1.282 I don't see it going further up till month end.
1.265 might be tough today given the pips already travelled.
Im looking at next few wekks for much lower.
I think we have seen the high for the month
Its all just one persons opinion
  • #826,615
  • May 22, 2024 3:29am May 22, 2024 3:29am
it looks all risky plays today , sharp raise and sharp fall so far ! take care
usdx jumped up in the supply again! shaking the gold even, still within control but something or intervention may happening behind the scene !!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #826,616
  • May 22, 2024 3:31am May 22, 2024 3:31am
Quoting navk
Correction to 2690 possible now. Daily s1
Booked all now.

Will look at NY session now.
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Intraday only.
  • #826,617
  • Edited 3:53am May 22, 2024 3:43am | Edited 3:53am
...I put a short in 1minute before the data and got screwed (went with the forecasts/commentary.) Little bit of slippage made it a bit worse, but got it back by buying the 1st 1min candle close after the data (the bullish thrust), - missed the initial short @ current dly hi as was away from office, but got more on the aforementioned 5min bullish hidden div long, before the 1hr inverted hammer close and a short on that, so net positive for the day.

Price has taken a bounce at the breached 4hr descending t/line in the prev 1hr/minor 4hr sw hi zone that starts @ Y/day hi, = prev res = pot rbs. This pot rbs zone is wider on 4hr extending down to circa 2711.

1hr below
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Trader with an Edge.
  • #826,618
  • May 22, 2024 3:49am May 22, 2024 3:49am
Some US data later today let’s see if it’s USD positive
FOMC minutes tonight don’t expect too much movement
Insane in the Brain..
  • #826,619
  • May 22, 2024 3:55am May 22, 2024 3:55am
[quote=axecap;14875474]
Quoting Jackoboms
{quote} I am short too. Going all way down to 1.265 Stop loss at 1.282 I don't see it going further up till month end. 1.265 might be tough today given the pips already travelled. Im looking at next few wekks for much lower. I think we have seen the high for the month
Would be good if 1H close was back back inside the range pre cpi figure. .2732 or lower
Its all just one persons opinion
  • #826,620
  • May 22, 2024 4:00am May 22, 2024 4:00am
[quote=axecap;14875499]
Quoting axecap
{quote} Would be good if 1H close was back back inside the range pre cpi figure. .2732 or lower
Its all just one persons opinion
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