I'll go long GJ and EJ again next week. GJ 193 (2015 high which would complete the pattern) and EJ 164 are ultimate targets. Then, I'm not buying anymore and will probably start selling long long term as rate cuts are nearing and BoJ is soon gonna ...

Cable Update (GBPUSD)

TP-ed both GJ positions and EJ along with Gold...

Cable Update (GBPUSD)

Ultimate target before Fed starts cutting interest rates in May is 1938$.

Gold

Nonono I'm not long, I'm just having a discussion. I won't trade USD pairs for the time being. I'm long EJ and GJ (2 positions) and that's it. GL though!

Cable Update (GBPUSD)

That's what I was thinking Pat...

Cable Update (GBPUSD)

I ain't trying to be no dog catcher!

Cable Update (GBPUSD)

Looking at H1 chart... we clearly have inverted H&S pattern with double bottom head (maybe this pattern is called differently), however while that pattern is playing out there is normal H&S pattern in development and the head should be at 1.264 for ...

Cable Update (GBPUSD)

I think all currencies will do great against JPY in the short term. These threats from Japan about intervening have slowed JPY fall slightly, however it will not stop JPY from depreciating further. Considering USD... I have got no clue to be honest ...

Cable Update (GBPUSD)

I added another long on GJ and added long on EJ before FO. GJ not impressive for the moment, but I'm still bearish on JPY nonetheless. GU is a pain to trade at the moment. As said, when D1 closes below 1.253 I'll start loading shorts to 1.21-1.22, ...

Cable Update (GBPUSD)

True! However, any D1 candle closing below 1.2530 and I'm short and will keep adding on every pullback until 1.215 down there. I'll trade something else until this pair decides where it wants to go... either break that 1.282 or 1.253. Yeah, DXY ...

Cable Update (GBPUSD)

Price should be going lower to 1.21. We had a test at 1.282 which marked the double top, so the next price I see is 1.21.

Cable Update (GBPUSD)

UK fell into recession at the end of 2023 as output shrank more than expected China in recession EU in recession Japan in recession UK in recession and then we have US... As everyone can see... markets don't give a flying f about a recession in EU, ...

Cable Update (GBPUSD)

D1 closing below 1997 is bearish. Then, let's hope we'll get that 1970-60 price we're all waiting for.

Gold

Classic haha.

Cable Update (GBPUSD)

As Mr. Jones from the movie Friday would say: "you win some, you lose some. But you live, you live to fight another day."

Cable Update (GBPUSD)

If pattern is to play out fully on GU, then 1.267 should be the target completing the whole pattern on H1. Having said that price ran into resistance at 1.258 and we're yet to see how H4 will close. Having said that haha, price hit SL. Good job ...

Cable Update (GBPUSD)

Currently at R 188.9. If this fails and H4 closes above, then we're good for that +190 in my opinion. I'll add more if that happens. Well done!

Cable Update (GBPUSD)

The Federal Reserve Board on Thursday released the hypothetical scenarios for its annual stress test, which helps ensure that large banks can lend to households and businesses even in a severe recession. Nonsense.. the economy is strong and ...

Cable Update (GBPUSD)