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Cable Update - Continued 105 replies

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Cable Update (GBPUSD)

UJ H4 This point is difficult. If anyone knows what kind of decision needs to be made, please let me know.
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Ya, so much for that “FVG” correction eh?
Master your mind. Master Trading.
G/M, a > 30day adr bullish-bodied dly candle y/day, 4th consecutively after the steep move up from 2665 began with 5 consecutively. Only 1 bearish day in 10 now on this t/f. A new current yrly hi achieved @ 3152/53 and doubtless some stops above the olf 3045 yrly hi were triggered. So far today price remains in the narrow Asian pip range, with price finding some buyers in early London session.

1hr below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Dollar weakness continues...
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We need a Quantum leap in understanding here
Why is the dollar getting weak?

Investors are pricing in on a possibility of rate cut in September?
come mister goldi
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Quoting Pat Chiko
GU Scalping short for correction for FVG{image}
GU

Trying for Scalping SHORT
I guess price may go down a bit.

My newbie view USD is looking weak because people expect the Fed to cut rates in September.
GU is facing strong resistance near its one-year high, so it might pull back a bit.

The price needs to close above 1.3048 to kick off a bigger upward move.
If that happens, it could push toward 1.3145, which is a tough barrier from last year. But if the pair turns downward, investors might target the Fib level at 1.2875 before it goes up again.

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I come from the future.
After the fact I can confidently say that was a bull trap
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We need a Quantum leap in understanding here
Quoting HaLBot
Dollar weakness continues... {image}
How much USD will loss its value ?.
From my newbie experience in the market, it seems like the USD is getting weaker because of what Fed Bowman recently mentioned.
He said that if inflation keeps moving toward their 2% goal, they might start lowering rates slowly to avoid being too strict.

But while the Fed talks about taking it slow, the money markets are already betting on bigger rate cuts this year and next.
With important events like the BLS payrolls revision, PMI reports, and Powell’s speech in Jackson Hole coming up, the market’s still holding onto these aggressive easing bets, which isn’t doing the dollar any favors.
Watch out for those trhee main event.
I come from the future.
UJ M15 Third long today relying on resistance support and EMA100
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Quoting Pat Chiko
{quote} How much USD will loss its value ?. From my newbie experience in the market, it seems like the USD is getting weaker because of what Fed Bowman recently mentioned. He said that if inflation keeps moving toward their 2% goal, they might start lowering rates slowly to avoid being too strict. But while the Fed talks about taking it slow, the money markets are already betting on bigger rate cuts this year and next. With important events like the BLS payrolls revision, PMI reports, and Powell’s speech in Jackson Hole coming up, the market’s still...

Yes and with the election coming up they want to boost the countries financials


Spent all of yesterdays trading sessions getting nowhere lol and today made 200 bucks in less than two hours, anyway good to make the money. I was literally up till 6am(4pm NY time) here waiting for the dump which didn't happen
We need a Quantum leap in understanding here
Quoting HaLBot
After the fact I can confidently say that was a bull trap {image}
HaL


I was all hyped up, getting my horns out to short GU, and then you hit me with that anti-climax news!
Hai Yaaa... trying to squeeze out a tiny profit here!
I come from the future.
Quoting Pat Chiko
{quote} HaL I was all hyped up, getting my horns out to short GU, and then you hit me with that anti-climax news! Hai Yaaa... trying to squeeze out a tiny profit here!

Hehehehehehe
We need a Quantum leap in understanding here
... @ the current wkly/yrly/y'day's hi - a prev 1hr/4hr sw lo zone (s) = pot sbr from July 2023. Mthly R1 a bit higher than current wkly hi in that zone, with Dly R1 above that. The rising wedge on 4hr has broken to the downside now with the 1st downside b/o of Asian lo

4hr below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
UJ Quick Attack GateAttack OPen
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Break SQ
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Quoting HaLBot
{quote} Hehehehehehe
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I come from the future.
Quoting Pat Chiko
{quote} {image}

Hahaha, I think you make more in one trading session than I do in a year
We need a Quantum leap in understanding here
...top of a prev 1hr sw hi zone = pot rbs, and the bottom of the dly part of the prev 1hr/4hr/dly/minor wkly sw hi zone = pot rbs that stated @ 3045 too. If price breaks to the downside of this then on this dly t/f the only 2 prev sw hi zones are the very minor one starting @ 2888 and the more definite and immediate one staring @ 2873 } = pot rbs.

After a strong run, (in this case up,) there will always be buy the dip ( conversely - sell the rally) players - in this case of up - for the bears to overcome.

dly below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Nice longs booked earlier now looking to buy eu Lower level again!
Master your mind. Master Trading.
...slim pickings so far today, even on the lower t/f's. Presently it's RBS -vs- SBR on 1hr.

1hr below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
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