Cable Update (GBPUSD)

GBPHKD and GU short to daily PP

GBPUSD H1 remains bullish overall after printing a higher low and rebounding from the 1.3445 to 1.3425 support pocket. Price is now attempting to continue back toward the highs, with 1.3460 acting as the immediate breakout level and 1.3479 as the next resistance. I prefer buying dips into support or buying a confirmed break above 1.3460, while the bullish bias remains valid above 1.3425. A loss of 1.3425 would weaken the structure and expose a deeper pullback toward 1.3382.

We are in strange times, as you know I treat the markets randomly (right or wrong), so my guessing that the markets will move even randomlyer (new word), money management is the key in these troubled times...

GU hit target of Daily PP as expected. Asian market institutions interpreted daily R1 as bearish reversal target and sold off and the london institutions continued the move. Seems like they wanna join the downslide. Come on in london boys. The waters warm. Plenty of downside for everyone. Auction Theory is Nobel Prize winning work btw. Not the bastardization of Auction theory you see peddled on your run of the mill trading site....but actual Auction Theory as described in the Nobel prize pages(William Vickrey, Robert Wilson, Paul Milgrom).

For the GBPUSD pair, further upward price movement was restrained by the resistance level of 1.3481, which then reversed downward. A downward pullback to the support level of 1.3398 is possible, after which I would consider buying to the resistance level of 1.3481.

Thats definitely annoying. Ive had internet go out before during a trade. i recommend always having your broker account or trading chart on your cellphone while in a trade so that if the internet goes out you can close the trade immediately using your wireless cell service

And GBPHKD target hit daily PP. Same exact setup all the time.

CPI Showdown: Can the Pound Break the 1.3500 Barrier?

The Cable is in the spotlight this Wednesday! after hitting a three-month low, the GBP/USD has staged an impressive comeback, currently testing the 1.3465 level. Optimism is returning as oil prices cool off, but the real test is just hours away.

At 1:30 PM GMT, the US February CPI data will be released. Analysts are expecting a steady 2.4% - 2.5% YoY print. If the data comes in softer than expected, we could see the Pound blast past the 1.3498 trend-line resistance and aim for 1.3550. However, a "hot" inflation reading would likely revive the safe-haven Dollar and push us back toward the 1.3360 support.

Volatility will be high—stay disciplined and watch for the initial post-data spike!
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মুদ্রাস্ফীতির লড়াই: ১.৩৫০০ লেভেল কি আজ অতিক্রম করবে পাউন্ড?

আজ বুধবার ফরেক্স মার্কেটের সব নজর ব্রিটিশ পাউন্ডের ওপর! তিন মাসের সর্বনিম্ন অবস্থা থেকে দারুণভাবে ঘুরে দাঁড়িয়েছে 'ক্যাবল' এবং বর্তমানে ১.৩৪৬৫ লেভেলটি পরীক্ষা করছে। তেলের দাম স্থিতিশীল হওয়ার খবরে মার্কেটে পজিটিভ ভাব ফিরলেও আসল পরীক্ষা হবে আজ বিকেলে।

বাংলাদেশ সময় সন্ধ্যা ৭:৩০ মিনিটে (১:৩০ PM GMT) প্রকাশিত হবে মার্কিন CPI (মুদ্রাস্ফীতি) ডাটা। যদি মুদ্রাস্ফীতি প্রত্যাশার চেয়ে কম হয়, তবে পাউন্ড দ্রুত ১.৩৪৯৮ রেজিস্ট্যান্স ভেঙে ১.৩৫৫০ লেভেলের দিকে এগিয়ে যেতে পারে। কিন্তু ডাটা যদি বেশি আসে, তবে ডলার আবার শক্তিশালী হয়ে পাউন্ডকে ১.৩৩৬০ সাপোর্ট লেভেলের দিকে নামিয়ে আনতে পারে।

আজকের এই বড় ইভেন্টে ভোলাটালিটি খুব বেশি থাকবে, তাই স্টপ-লস ব্যবহারে অবহেলা করবেন না!

H. --- Short as shown .


5' --- SL as shown .. .

so day 3 in trading oil and i have found its a full time on the screen job. with cable gold etc you can shove in a trade and walk away make a coffee , jerk off etc and its all groovy with oil, its all about mini peaks and troughs. mental but quite engrossing

Laser precision

lol.. thing is i treated oil like cable and gold entered a trade but the thing just swings up and down so lost a load, now recovered most .. but it does mean doing multiple trades in a day which then leads me to over trading too

Sold GBPUSD at 1.3444...target 1.3403... sell 2 limit at 1.3500 with CPI in mind.

Viewing to Buy GU from here....

Trade management is key.

Target met... +41 pips.

Target hit

Still waiting for price to turn over to the upside.

No trade yet.