Cable Update (GBPUSD)

3295 sl remain fully risky as correction now may target below it just , ok 3287 but better below 3277

Take profit 1 achieved. Eyeing 1.3348/50 as Final TP.

short 1.33310 sl 10 tp 30

Remaining Trade Closed at few pips profit.

the market keep begging for pips if you can get 20 or 14pips be happy

Yes. I was too ambitious to be looking for more than 20 pips....

Ranging only where level of interest only limit down 3277 and breaks up upside 3341.let it play !

FED Fun Rate & FOMC Statement

What the Fed says in its press conference and releases in its "dot plot" projections is considered more important than the widely expected 25 basis point rate cut.

The widely expected 25 bps rate cut (top-left YELLOW) is already "priced in" by the market.
This means its potential to move the pair higher is limited unless the Fed surprisingly does not cut, which would likely cause a sharp USD rally (GU down).

The real volatility will likely come from the Fed's forward guidance and the "dot plot" (bottom-right RED).


As the chart shows, this has higher impact potential but its direction is uncertain:
A hawkish tilt (signaling fewer future cuts) could boost the USD, pushing GU down.
A dovish split (signaling openness to more cuts) could weaken the USD, pushing GU up.


The main takeaway is that for today's Fed decision, what the Fed says in its press conference and releases in its "dot plot" projections is considered more important than the widely expected 25 basis point rate cut.

Every word and projection from the FED for clues about the timing and pace of future rate moves, will be scrutinize.
Powell may deliver a hawkish statement (leaning against further cuts) following a strong jobs report.

As newbie, I watch the US 2-Year Bond Yield direction during the Fed's press conference.
A quick rise would signal the market views the Fed's message as hawkish (negative for GU), while a drop would suggest a downtrend (positive for GU).


May your charts be smooth, your stops be honored, and your broker's server stay online.
May Powell's poker face not cost you your weekend plans.
And if all else fails, may your margin call at least come with a complimentary deposit bonus....

BTC has dumped after the last 4 FOMC meetings.
The last one resulted in a 30% dump as Powell turned hawkish.
Is this time different? as we've seen yesterday pump....


Wouldn’t be the first time the market throws a surprise
Powell’s tone tends to move things more than most expect
Past performance creates real anxiety

We’ll find out soon enough.

Now in the profit taking time...

Every time price dump, that is blessing for the bulls.


How many days to Xmas ?

I hope to see BTC get to 75K, to buy

Here is my prediction.
As newbie, trade your own risk...........

closed LONGS now bias SHORT GU...