Cable Update (GBPUSD)

I am staying out for now..,
I'd like to see if it will be "range" (1.3840-1.3870) for a while.., or
she'll make to some direction

1.3840th looks as support to me

let's see

I love to SELL, really..,

I think she will go down if she will manage to break 1.3820th
otherwise, that what I see
1.4050th

let's see

Hello, something of a gap @ open (partly broker spread widening) and a move down to the prev 1hr/4hr sw lo zone=prev supp=pot supp (now a prev 1hr x 2/4hr sw lo zone) that extends down to 3009 where support was found and the move up closed the gap finding supply @ top of a prev 1hr sw lo zone = prev supp=pot res that started @ 3850 (gmt+3 4hr chart.) This is a now a prev 1hr sw hi zone=prev res = pot res to 3874. 4hr range persists.

1hr below.

wait for the break , don't be like me

139 looking a tough nut to crack today, I suppose a lot will depend on the Powell speech today. Are you going to be using a sliding S/L?

... bearish hidden div on 1hr good so long as price stays below 3886 ....but price has breached the steepest 1hr desc t/line now and challenging this prev sw hi zone......pretty bullish candles 15min+ 1hr below.

please, do not try to humiliate yourself..,
you do not have to prove anything
you are good enough ( maybe not perfect, but who is (?))
be yourself

excuse me

I closed long positions at 1.38723!

i meant , there is still some bullishness in the gu

I stay out for now and wait to see what happens to what Powell has to say!

... 4hr below shows the current upside obstacle for bulls...as below. Referred to in my 1st post today above. (gmt +3 broker candles shown.)

EDIT: Bullish 1hr close

My short still running, almost hit my SL

it does help, doesn't it

still in ..40-70th range

P.S: 1st fxstreet, 2nd myfxbook

Hi BeeTogether, I agree with you that there seems to be a lot of resistance in that area (especially 1.3890), but I don't think Powell's speech will make much of an impact today as we've had the FOMC Press Conference last week as well as a speech on Thursday. So I doubt that he would have anything new to say. Of course, I could be wrong.

As for the sliding SL, I rarely change it as from my experience (in my style of trading), it usually works against me in the long run and apart from that, I also see the possibility of price coming down to around 1.3830. All in all, I'm not going to change it, at least not for this particular trade.

Sold here, locked in at BE already, TP open

some time in NY session, the price will hit 3808/3800.

whatever is the price now.

To me only, ( Not for anybody else )

and again from fxstreet
everybody has to decide for yourself.. buy or sell

btw, 30 pips range is a marvelous thing, you could make "a fortune" without going anywhere

I am still out ( of trades )