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- anandy1 replied Aug 8, 2022
GU is very weak. I feel it should retest fridays' lows.
- anandy1 replied Aug 8, 2022
@Mitiblotch, "This morning saw pound sterling slightly stronger against both the U.S. dollar and euro respectively. Much talk has been around the British Conservative Party’s new leader and UK Prime Minister whereby both (Sunak and Truss) have ...
- anandy1 replied Aug 4, 2022
@Kevin am long with stop loss of 1.21310.
- anandy1 replied Aug 4, 2022
I will stop predicting till BOE happens. GU too volatile to take any sides....
- anandy1 replied Aug 4, 2022
Holding my longs from yesterday. But adding shorts to play the downside. China-Taiwan conflict adding lot of uncertainty to the market. I wonder why US wants to create tension when already Russia and Ukraine war impacting the economy so badly. Guess ...
- anandy1 replied Aug 3, 2022
Strong US data yesterday really butchered the bulls yesterday. Will BOE news reverse that today ?
- anandy1 replied Aug 3, 2022
Good point to enter. Hopefully, GU will cross 1.22 later today.
- anandy1 replied Aug 3, 2022
GU should bounce from this trendline. Next target 1.22. EU data is positive should pull GU along.
- anandy1 replied Aug 3, 2022
Positive divergence on 30min TF.
- anandy1 replied Aug 3, 2022
@Moty typically how much stop loss you keep. You were short a while ago, when do you decide to switch directions ?
- anandy1 replied Aug 3, 2022
As posted earlier GU spiked to complete its shoulder pattern. High probability it can make new highs because don't forget GBP interest news tomorrow. They will take it to a new high to dump it post GBP news. 1.2245 On radar.
- anandy1 replied Aug 3, 2022
GU might bounce from this level. Looks like head and shoulder pattern.
- anandy1 replied Aug 3, 2022
GBP took support on 4-hour trend line and is trying to bounce back. The fact that OPEC is planning to boost oil production will taper the oil cost and will help in reducing inflation to some extent.
- anandy1 replied Aug 2, 2022
DXY might fall from here.... a good time to go long?
- anandy1 replied Aug 2, 2022
USDJPY looks like an interesting buy for a small target.
- anandy1 replied Aug 2, 2022
Looks like DXY is trying to go bullish. It has already broken the down trend channel. Need to wait till it retraces to go long on GU.
- anandy1 replied Aug 2, 2022
Makes sense. Currently i am trading with my own funds.
- anandy1 replied Aug 2, 2022
@navk, thanks for the info. I will start with MFF.
- anandy1 replied Aug 1, 2022
DXY is making a falling wedge. If it breaks the support 105.4 then it will fall badly. Next support for DXY is 105.2. Guess this will be broken in NY session post ISM results.
- anandy1 replied Aug 1, 2022
I think GU will be rangebound with negative bias (negative European data) till US ISM data. If data comes worse then expected then GU will fly today.