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- MarcoJnr replied Apr 30, 2023
It's not really at resistance, it broke resistance and rallied it pulled back before the end of the week but closed at a new high at the end of the week and at the end of the month. Right now you have to look at the long term charts to establish the ...
Cable Update (GBPUSD)
- MarcoJnr replied Apr 30, 2023
Latest from Daily FX (Yesterday) url Bank holiday in the UK tomorrow as well so wil be interesting to see how busy it will be and which way it will go in the short term FX Street paints a slightly different picture polls on a bEarish bias however ...
Cable Update (GBPUSD)
- MarcoJnr replied Apr 30, 2023
Great link , this video is pretty much "on the money" as they say, it highlights what I have been saying regarding the interest rises and rate hikes coming. Note that even though this video is very positive for the pound with expected 0.5 increase ...
Cable Update (GBPUSD)
- MarcoJnr replied Apr 28, 2023
Well said, foresight is important, it's no good people saying things in hindsight it doesn't help anyone after the fact, I like to share my ideas and research. I do my due diligence as best as I can and try to understand the markets, not just ...
Cable Update (GBPUSD)
- MarcoJnr replied Apr 28, 2023
I am hoping it's establishing some support right now , next week could be tasty for another run up, so we have a few hours to see if this will.push or run out of steam
Cable Update (GBPUSD)
- MarcoJnr replied Apr 28, 2023
I break of 1.258 should see us get to the 1.26 I hope then I'll hit my TPs
Cable Update (GBPUSD)
- MarcoJnr replied Apr 28, 2023
This is a break out, lots of retail were short don't go against trends or it will eventually bite you. Wait for support and break of that support u less you have stops in place Got to think where big money is
Cable Update (GBPUSD)
- MarcoJnr replied Apr 28, 2023
I am still in with my original longs, holding and moving SLs up not shorting yet
Cable Update (GBPUSD)
- MarcoJnr replied Apr 28, 2023
And when you keep taking losses Tis but a scratch
Cable Update (GBPUSD)
- MarcoJnr replied Apr 28, 2023
It's looking for 1.26, but I agree it could retrace after that, I think the upside is limited for now but 1.26 unlocks the way to 1.27
Cable Update (GBPUSD)
- MarcoJnr replied Apr 28, 2023
Remember what I was saying , the good data shows that the fight against inflation is working which points to rate hike pause...if the BOE is expected to raise theirs the. This points to a GBP rise. Fundamentals .... Any news could change this though ...
Cable Update (GBPUSD)
- MarcoJnr replied Apr 28, 2023
Smashed it today, just raising my SLs to lock in profits , the temptation to take it all is great but I feel I .on the right side of this for now and I don't see it retracing as far back as my entries...but this has happened to me before
Cable Update (GBPUSD)
- MarcoJnr replied Apr 28, 2023
Let's test 1.255 and see if we can break that. I have been saying about the look for 1.26 and the fact the data has been supporting a rate hike pause . We have all that news coming in May so these levels are key
Cable Update (GBPUSD)
- MarcoJnr replied Apr 28, 2023
I like your charts as it always helps to see other people's I sights but why... Why is the drop coming , I see the patterns but at the same time this has been on a climb and it's on a bulldog trend it seems you anticipate the highs and expect pull ...
Cable Update (GBPUSD)
- MarcoJnr replied Apr 28, 2023
4hr chart shown here looks bullish with higher lows just on that trend. Repeating what I said yesterday even if we see green US data it doesn't mean a stronger dollar, or say it doesn't mean it's stronger against the pound when you look at the rate ...
Cable Update (GBPUSD)
- MarcoJnr replied Apr 28, 2023
Have you been a dollar bull for a while as it sounds like you are just hoping for this....it could go this direction but I think it would be short lived when the trend seems to be opposite
Cable Update (GBPUSD)
- MarcoJnr replied Apr 27, 2023
It's never what we expect, it's pretty volatile though. Which is nice haha
Cable Update (GBPUSD)
- MarcoJnr replied Apr 27, 2023
Adding more now stopped.out of a.few that were in profit nice area , in for the longs still longer term
Cable Update (GBPUSD)