GBP - The British Pound

[immy]

Everything about The Pound Dollar The CABLE! 

Edit: 18 July 2022
Edit: 19 July 2022 (removed GJ again) 

One of the main things about the Pound Dollar is that it moves FAST. It can be quite choppy at times but when it moves, it moves fast. So when you get in, HOLD on tight. 

Another thing about the GBPUSD is that when it moves on the day, it often keeps that level and will move the following day as well. 
 
 
 
 
 

[immy]

Signal Time: 15:00

Post signal thoughts 

Saw the Signal but did not see it too significant. I am after big winners, at least 5R winners so I need small signals and a market that is trending. This one is sideways. 

ps: Fed Chairman was due to speak, which was just 20 minutes ago (he's talking) 
Due to testify on the Semi-Annual Monetary Policy Report before the Senate Banking Committee, in Washington DC

https://www.forexfactory.com/news/11634 ... te-banking


 
 
 

[immy]

Lovely momentum and clean candles (sort of ) but still within a Wider Trading RAnge... 

I shall wait for it to clear the levels and probably go long tomorrow if it gives a chance 

[Minsk]

Let's see, it looks like it might produce a setup later.
It's in line with H4 possible wave 5,  and D1 down.

Edited: huge climactic candle ruins the possible setup for now
 
 

[immy]

Let's see, it looks like it might produce a setup later.
It's in line with H4 possible wave 5,  and D1 down.

Edited: huge climactic candle ruins the possible setup for now
 
 


 

 
 

[immy]

Let's see, it looks like it might produce a setup later.
It's in line with H4 possible wave 5,  and D1 down.

Edited: huge climactic candle ruins the possible setup for now
 
 




 

 
 


 

It sure was Point to Buy but I had a limit buy order just above the lows and price never retested it. 
 

[immy]

Looks like a dull dead day to end the week. I don't think I'll be taking any positions since there is nothing setting up. 

[immy]

Looks like a dull dead day to end the week. I don't think I'll be taking any positions since there is nothing setting up. 

 

Just, as it was last week, the GBPUSD is going sideways with a Tight Trading Range. 

We must clear this trading range before we think of something. 

[immy]

I see an impulse wave has formed on the GBPUSD I don't see any reason for it to not go down after a pullback. 

We could be breaking the consolidation zone and some more... Let's see if we get a signal in the next 2-3 candles 

 
 

[immy]

One of my favourite way to trade is trading the clear trading ranges

Buy the low and sell the highs  #GbPUSD #CABLE