Its ALWAYS A TRAP IF YOU ARE ON THE WRONG SIDE.
Cable Update (GBPUSD)
- Joined Aug 2008 | Status: Trader | 3,919 Posts
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
- Joined Aug 2008 | Status: Trader | 3,919 Posts
{quote} Congratulations you got fucked up
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
- Joined Dec 2016 | Status: Cable Trader | 228 Posts
Pound Under Pressure: Can 1.3600 Hold?
The British Pound is starting the week on the defensive, hovering just above the critical 1.3600 psychological level. After last week抯 "dovish hold" by the Bank of England梬here more members than expected voted for a rate cut桽terling is feeling the heat.
Adding to the drama, political uncertainty in Westminster and a resurgent US Dollar are keeping the "Cable" pinned down. All eyes are now on the upcoming UK GDP data and US inflation reports to see if the Pound can stage a comeback or if we are headed for a deeper slide toward 1.3500. It抯 a classic battle of central bank policy vs. political risk!
Today抯 Trading Strategy:
Resistance: 1.3660 & 1.3870 Support: 1.3580 & 1.3500
Trend: Bearish Short-term / Neutral Medium-term. Watch for a bounce if 1.3580 holds.
to err is human
- Joined Dec 2020 | Status: Re█████ | 2,428 Posts
- EU exactly tagged Y_O and stalled inside tight zone between yearly open and mid-range. Volatility is compressed, just waiting for Y_O > break > 1/2 {image} - DX almost did it... tl just for illustration. On EU that random imaginary line is different. broken by time decay instead of volatility {image} {image} - Sharp bounce from daily poc - imv responsive buying/corrective move, delay of larger drop Probably no time for 100 pip drop today? Close > 1.35 negates a perfect evenings star on Weekly.{image}
DX at M_3/4
No effort - no value.
- Joined Dec 2017 | Status: Trader | 30,571 Posts
{image}
60-70 pips like i predicted
The problem is that I didn't had the funds to trade that
My selery usually paid at the 8 of every month
Just my luck that this month it will paid only today or mabey tomorrow
yes yes yes
{quote} Nailed it big time 60-70 pips like i predicted The problem is that I didn't had the funds to trade that My selery usually paid at the 8 of every month Just my luck that this month it will paid only today or mabey tomorrow
What I'll be next move of gbpusd?
Keep shorting , thing will keep going up! 
I only follow traders with IQ above 160
Challenger Max II All Time Return:
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