I have placed Fibonacci, Cancles are rejecting at 61.8. Looks like it will start dipping from this position. Or maybe, it can climb up to 1.230.

Cable Update (GBPUSD)

Can someone explain why GU can climb up to 1.238 before dipping 1.215? I can't analyze this in chart. I only see max price retracing point at 1.230 before riding low.

Cable Update (GBPUSD)

early morning slap on the face as a reminder.

Cable Update (GBPUSD)

Just saw a news, Russia completely banned Gasoline supply. Which is an indicator of rising sign in oil demand, more demand is equal to price hike.

Cable Update (GBPUSD)

Yeah because there was another USD news. But the news didn't effected GU at all. but as you can see it broke the previous support and now it is recovering. check the chart, it broke the resistance and now next move is to 1.2300. It might drop from ...

Cable Update (GBPUSD)

Using stop loss and going in with bigger lots. That’s the same way I’m trading. last night forgot to place SL and faced a disaster in the morning.

Cable Update (GBPUSD)

GU, candles rejecting resistance at 1.2300. It might start dipping slowly before the news. The news might boost up the fall of the gbp to 1.215. (A beginner’s analysis)

Cable Update (GBPUSD)

Sell limit 1.2300 just got a hit. I'm in selling position, another sell limit at 1.23200 waiting just in case GU recovers more.

Cable Update (GBPUSD)

So ya'll trading with this up-and-down elliote wave of recovery?

Cable Update (GBPUSD)

can you please elaborate a little?

Cable Update (GBPUSD)

Seniors, enlist some platforms for me where I can read fundamentals. It’ll make more easier for me to understand liquidity and use fundamentals to understand the direction of the GBP and other currencies.

Cable Update (GBPUSD)

GU recovering from recent liquidity before starting its actual journey to 1.215 point. tomorrow we may see lowest of this week.

Cable Update (GBPUSD)

There is a high liquidity here, we might see a short pull back up, then we can start selling.

Cable Update (GBPUSD)

Sell limits placed, 1 at 1.22900 and 2nd at 1.2300 both got SL 100 points above them.

Cable Update (GBPUSD)

Dead,

Cable Update (GBPUSD)

If we break through 1.2700, get ready for 1.215. If we jump up, just hold and wait for it,s next move after news. I believe the wick will come back if it flies. Because overall condition of UK is not good.

Cable Update (GBPUSD)

Avoid that, I'm telling you.

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GBP: I wore my helmet, tightened my belts, and parachute bag on. I'm about to fall.

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We are going to ride down to 1.215 for sure, UK is facing inflation and Birmingham is bankrupt, the dollar remains stable. Today the USD news can only give a little pull back to make another sell entry. We will hit 1.215 anyway.

Cable Update (GBPUSD)

it's 100 point above my Sell hit, typing mistake.

Cable Update (GBPUSD)