Forex

i don;t think theres a correction or bounce yet.

fundamental news and about fed cut rate could rise up the GBPUSD.
or DIVE down the USDJPY to nineties.

so i still prefer LONG @ 3.0300

hey there...an interesting day yesterday...im looking at my charts and does seem there could still yet be some more short...what are your candles signalling?

happy trading

I also think it will go lower, although right now I am hesitant to make a decision be it long or short.

On the hourlies Cable is setting up an attack higher, which I am reluctant to buy into. Not enough build up to close beyond 2.350 yet and it's the end of the week USD TGIF!

On the hourlies Cable is setting up an attack higher, which I am reluctant to buy into. Not enough build up to close beyond 2.350 yet and it's the end of the week USD TGIF!

yes thats what i see...although trying to push past 2.0350 all looks a bit tight and can see a retrace back to atleast the former resistance line of 2.0250 IMO...if it doesnt break then maybe one more time to test 2.035??

I think GBP/USD is in down trend from morning star pattern.....anybody can help to advice.thanks

Well cable could go as far as 2.0150, but I would think that would be choppy unless YEN starts gaining on its crosses. YEN appreciation on the USD hardly affected others on the cross so there could be a catalyst.

Guess the trigger would be a break of 2.0280 for a lower Cable move. Fridays been UP-DOWN movement day trend just doesn't stick.

hey there

looks like it will be squeezed down to 2.0280...if that holds im long...and you?


thanks

Evening start not morning..sorry