Cable Update (GBPUSD)

Quoting Headland

Disliked

...well the clues were there re the move up, - before the U.s PPi data, we had a double bottom @ the Asian lo/current dly lo, price rose, then pulled back to a then 38.2% fib, asc 1hr t/line (bottom of the rising wedge without a break to the downside of it as you might expect from a rising wedge,) and top of a prev 1hr sw lo zone = pot supp, confluence, and U.s ppi etc data just added to it after the initial knee-jerk messing around after the data. 1hr below {image}

Ignored

Quoting navk

Disliked

{quote} The clue came yesterday to me after dip in NY session CPI news. Price : 3040

Ignored

Quoting Headland

Disliked

{quote} Hi, I wasn't @ desk to take advantage of the long opportunity @ y/day's lo/current wkly lo, but wkly chart below shows where it came - near bottom of the wkly part (and just a pip or two under the dly part) of prev sw hi zone = pot rbs, that began @ 3045. wkly below {image}

Ignored

Quoting BeeTogether

Disliked

Let’s see how the Asian sessions go for an indication as to the where we going. We have an interesting week next week. Although it seems most of the releases are priced in but we could see some spikes

Ignored

Quoting Moty

Disliked

34 pts , when i am on the wrong side {image}

Ignored

Quoting KareemAliFx

Disliked

Muted reaction to news so far , ecb still carrying out meeting . Looking for price to reach this area on my chart for selling orders {image}

Ignored

Quoting Mitiblotch

Disliked

Monthly pivot held for EU and GU so far. Weekly closes above the pivots means we can buy with SL at the low. I'm still holding my shorts for 3020. Edit: I suspect it will be a fully bearish month because of this bounce. It ignored data and went up so might just be a liquidity grab. I don't see price surviving 4hrs above 1.1100. This is my thought and can be wrong.

Ignored

Quoting donfriday

Disliked

so far for me this week was more predictable than any other week since open of 2024

Ignored

Quoting BeeTogether

Disliked

If this is a liquidity grab it’s a crazy one. Nearly a 100 pip range on a day that data was indicating a drop below 130.

Ignored

Quoting Mitiblotch

Disliked

{quote} Good explanation. However, that's the official position of things and in this world, that something is official doesn't mean it's entirely true. Unrealistic doesnt mean impossible. People have been jailed, banks have been fined billions for market manipulation. Regulations are there to prevent it from happenning.

Ignored

Quoting TheHusla

Disliked

{quote} Yes but market manipulation is very different to a "MM" cabal controlling it. A lot of the talk here is almost like a cabal controlling the moves on a daily basis, so I'm curious who you think is and what are their intentions? In FX the the market manipulation is often when the banks "front run" a big client order. Or manipulate the price close to option expiries. So if they get an order that they know will move the market they first take a position then complete the order then close the position. Also if they have a big option position...

Ignored

Quoting Mitiblotch

Disliked

{quote} The point of my post is that you don't know everything. You know only what you are allowed to know. The market can be controlled without you knowing it. That's doesn't make the market bad or illegitimate. I don't need to know who controls is because that information is not important to trading. However, suggesting that the market runs on autopilot is close to impossible. Life doesn't agree with such a position.

Ignored