Cable Update (GBPUSD)

Quoting MrFanciful

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I'm going to assume that at some point in the future, we will have another bearish 8 hour candle, a bearish day, and that the 1hour 9EMA will cross below the 21EMA. To say otherwise means the pound is going to infinity and beyond. Momentum looks like it's waning but that will introduce a lot of false signals. On the flip side, this is a dollar dump and could just continue.

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Quoting Guy1969

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{quote} I'm keeping an eye on the DXY, monthly level 98.300 ish is where things could become interresting. {image}

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Quoting MrFanciful

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{quote} Problem is, the DXY has been sideways for days but GU continues to rise. It has a low correlation at the moment.

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Quoting MoneyPrinte

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{quote} Im not sure about the accuracy of this data, but just because it shows a sell doesnt mean we should sell instantly. BIAS gives us direction, and technicals help us to timing. {image}

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Quoting teprewitt23

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good day GU traders, another sell order executed @1.3347 yesterday. holding 6 short positions from 1.2877, 1.2927, 1.3033, 1.2849, 1.2972, and 1.3233. with price action @1.3268 drawdown is 1727 profit from 1-13-25 to first target with a total of 5 positions was 2318, hindsight is always perfect, pivot should have been executed @ confluence of trendline and buy signal @1.2724. Wavegarrick called that and bought well done. "Bias always bites" "old man shit" . another limit sell order @1.3347, with GTC limit buy order...

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Quoting MoneyPrinte

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{quote} Im not sure about the accuracy of this data, but just because it shows a sell doesnt mean we should sell instantly. BIAS gives us direction, and technicals help us to timing. {image}

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Quoting MoneyPrinte

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{quote} this 5mnute tf for GUis just a story telling not anymore analysis,,cuz its already happen before posted its's a story battle inside the supply zone.. anyway price can still damage this zone,,theres still have huge waiting at the top of this zone how strong this 249 can against the buyer?..let see later updated......Gcad already do the rejection but theres still another high impact event for canada later,,so market gives a nice roller coaster emotion ..hehe edit..add gcad {image} {image} {image}

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Quoting Mitiblotch

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{quote} You have so much faith that 2487 will happen. I'm wondering what catalyst will make it happen.

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Quoting MoneyPrinte

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{quote} You should fall {image} {image} {image}

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Quoting MoneyPrinte

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{quote} gcad fall gu still conso {image} {image}

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Quoting Jackoboms

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{quote} Expecting the GU to fall soon. Just Dollar weakness. A little strength on dollar then GU falls.

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