Don't worry, the CPI data is the focus.

Cable Update (GBPUSD)

It looked a little dangerous. I decided to try it in 0.01 lots.

Cable Update (GBPUSD)

Thank you for your patient answers. Honestly it was very helpful, I'll have to think about it, even though I'm very bad at thinking.

Cable Update (GBPUSD)

Wave Theory? I'm not really good at this one. I don't even know where it will go next, breakout or no breakout. I will just wait stupidly for the chart to change.

Cable Update (GBPUSD)

You are not alone in this fight.

Cable Update (GBPUSD)

H1, as long as the price does not fall below 1.2050, I still think GU will continue to hit the highs. tp or SL, stick to the plan and leave the rest to time. image

Cable Update (GBPUSD)

Structurally, GU is still up, but it will take time. The risk has always been there.

Cable Update (GBPUSD)

In the short term, gold appears to be going down. image

Gold

Indeed. But the data has now lost its shine, except for the US CPI and Non-Farm Payrolls, which catch the eye.

Cable Update (GBPUSD)

UK GDP figures that don't seem to have had a very big impact. Next...

Cable Update (GBPUSD)

Why do you think so? Is the UK economy going into recession? Or is Rishi Sunak in big trouble again?

Cable Update (GBPUSD)

History may not simply repeat itself. The trend line seems to be working somewhat, it needs more data to guide it.

Cable Update (GBPUSD)

It's like I'm on the wrong side of you. It's not my fault, it's the chart .... My view, GU is still trending up on H1, at least the upward structure has not been broken. When the price broke below 1.2050, I think the uptrend in the middle is ...

Cable Update (GBPUSD)

Agree with you, I am also planning to go long in this area. However, I will not enter immediately, I will wait for a confirmation signal from a smaller cycle.

Cable Update (GBPUSD)

I don't know where you are coming from with your conclusions, I just respect the charts. Obviously at the moment GU shows no signs of going down.

Cable Update (GBPUSD)

In my opinion, you're on the opposite side of the trend. At least on H1, that's how it is.

Cable Update (GBPUSD)

Happy to be your nephew. May I ask if you would mind another nephew? I'd like to try, hahah

Cable Update (GBPUSD)

You are right. But I don't know what's happening, the GBPUSD is rising fast.

Cable Update (GBPUSD)

A break above yesterday's high before 1.217. but the lack of data to spur it on still needs more time.

Cable Update (GBPUSD)

Very impressive. There's still a long way between us and I've got to catch up.

Cable Update (GBPUSD)