Cable Update (GBPUSD)

testing 2440
let's see how bulls defend this level..

Man, that's the most nothing reaction I can recall seeing to an FOMC minutes release.
But, being long, I'm just glad it didn't sink the ship. I wasn't really up for another reversal today.

diamond formation, be prepared..

usdx - m30

I'm really eager to see fridays Goods trade balance. Think its gonna be much better than consensus assuming importers/exporters are adjusting to emperor Trumps stances On the other hand - strong DXY does not favor Goods trade balance :/

16/11/24 THURSDAY 07:50+1GMT (edited untill 08:05)
EARLY MORNING REPORT

I have a short on Cable, and I am waiting for it break below 1.2440 to open another one. I think next target will be at 1.2400.

EARLY AFTERNOON REPORT
14:27 +1GMT (edited untill 14:32)

In the middle of channel. Price is bouncing nicely from TL, IMO bears are still more in control.
If it hits TL I will try get in with small stop.

drop time soon

reverted shampoo on 4h

Fast forward Head & Shoulders on 7uy.

So, this is what I see in my Daily chart



And this is the closer look in hourly (4)



If AB = CD

...

D comes right near the 1.29 spot.
Before the 1.29 there are some places where will be interesting to try sell.
the 1.28999 for example.
or eventually the 1.2730-1.2760 area.

Anything true as long as the 1.2250 will contain any attempt down.
Fair enough.

GBPUSD start going uptrend and I Ep at 1.237 (fibo 61.8) ..Mine take profit target at 1.273 (fibo 161.8) there..is there any ppl long it too ?

me.

careful with possible downside risk before the end of the week. the situation looks not yet so promising, despite all clear signs that the brexit is way too overestimated and overpriced in. also gdp numbers could come bad and push price back near hourly supports (still there I believe a move near 1.2270 is "technically required" -> but it can come even next month)

for what I see... PA is telling we go for the previous week open area. tomorrow. or next week. I'm for tomorrow! In that case, I will scale out near 1.26 then eventually reload later next week.

Will hedge the position over the weekend. That's for sure! Would not like to find bad surprises at sunday open.

No ok guys sorry for a out of topic post.....

but.....

WHERE THE HELL ARE THOSE GREAT OLD FXFACTORY SMILEY?!??!?!??!?!?!?!?!?!?!?

I can't believe we have not anymore those beautiful animated smileys....

That's really a -10000000000 points to the forum!

Staying long on this pair since day before yesterday. NO reason yet to change.

guess someone thought they had a bright idea at the time ...

Bad news comming. I think.
Never mind. Still big volatility before news...
ÂWhen is the next drop