Cable Update (GBPUSD)

Quoting Zebi

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{quote} {quote} {quote} everything went to shit from an American perspective as soon as trump got inaugurated LOL he's gonna cause a worldwide recession which will make the dollar go up for a time being as a flight to safety instrument me thinks here's are dollar and bitcoin chatrts so let this be a lesson to you beginners....analysis is easy especially if you have trump derangement syndrome LOL the hard part is trading that analysis so even tho I was right that the dollar will fall I still lost money on GU cause of the shorts I took before before...

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Quoting Terminalf12

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{quote} Next price for Dxy is 100, and will keep falling down to 89. This year 2025, Dxy is bearish. {image}

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Quoting Guy1969

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GU below the channel mid-line, short, targeting 1.28400 {image}

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Quoting Zeiferz

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{quote} what I see choch on one hour timeframe and breakout for downtrend. Current price 1.2932 good place to long with sl @ 1.2925

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Quoting Guy1969

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{quote} One of my golden rules, when price action plays out below the channel mid-line, the pair is bearish.

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Quoting Zeiferz

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{quote} I’m learning. How is this channel derive?

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Quoting Moty

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{image}

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Quoting Guy1969

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{quote} By drawing a trendline connecting the major highs/lows, the midline is determines using Fibonacci.

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Quoting genadi

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It is happening.

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