Cable Update (GBPUSD)

2408 is a watch number also

The uncertainty from the possibility of Scottish independence referendum continue give downward pressure on Pound, the pair has already broke below 1.2380 and I'm looking at potential target at 1.2200 level.

Big pinbar in UJ.

Daily seems it currently testing the last high of the long bullish candle.. i'm taking 1 long pos @ 2375 SL last 4h low of candle about 2355

Not that it couldnt bounce from here,,,,,,,,, last weeks low it appears some sellers were waiting there , Quarterly open is looking attractive as a short term sell target , just a heads up, cheers .

Yups, well that trade is from daily.. And I think quite minimal risk taken there..

Let's see how the candle unfold for these few days..

4 pips out on my scalp trade new candle now was 2404 the end of the last month ?

1 hour db at this time 2364

I'm using 2379 as the monthly close...

A breakdown of support at 2347 (Feb 7 low) would leads towards 2300. A violation there could open the wide doors to 2260 (Jan 20 low). Cable eyes on manufacturing PMI if prints above 55.5would strenthens.
On the other hand, a lift above 1.2404 (100-DMA) would expose 2442 above which a major hurdle is seen at 2505/10.

Have a look at this beauty... So I traded the retest of the C level twice yesterday then we had a nice spike up to the BZ level then back down from there... opportunity was there to sell - after price dropped down to levels DD and held firmly went up about 35 pips opportunity at that DD level was there to buy which I have been calling for the past couple days - I usually dont let me positions run for that long 15-20 pips and I'm out or the next level I'm out depending on how PA moves. Now price has come back down to DD infact it broke below DD and retested it now I need to go to work and draw some levels on the downside.

well okay then that was quick, couldn't find much this time, normally I'd have atleast 3 levels to play with but I have 2 YG and BB I will look for a sell if we break + retest YG DD and a buy at BB. Well this pair is going to suck for me now on the downside atleast for a couple days unless it decides to go below BB or stay above DD.

Time to move on to the Dragon

Morning yes E

17/03/01 WEDNESDAY 08:08+1GMT
EARLY MORNING REPORT

let's see how see rolls...

That took 93 x 4 hours bars to hit the target of 2349 exactly.

That must be some kind of a record for slowness.

Break Trend line , bearish movement for cable

I hope nobody is buying this?
News, so called news in 7 minutes ..... have been leaked very likely. Expect strong number.
Pump and dump.....

Yes don't be surprised if the news is good and it jumps up 2408 2440 and then down

negative GBP news to 1.2350 and lower

Hmm.. Really?