Cable Update (GBPUSD)

Quoting randu

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{quote} ... {image}

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Quoting mysterio

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{quote} Yo MTF, can you let me in on your thought process why you think this I happen to agree just interested to hear what other traders think and see

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Quoting Pat Chiko

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Had a jog this evening through the parks and pass the field , saw few bull gathering. I was wondering, if they are planning something tonight ? Any idea Waveskierrob ? They look very suspicious.... ehmmm... Do you hear any tweet from them on the plan ? {image}

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Quoting MTF Test

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{quote} I may be not the best in explaining. Yet i am good at taking acting actions. However let me try, Hope you can understand MTF Confluence 1. DTF - 50% Fib from the previous High and Low/Daily Bearish Candle - Kind a text book perfect - HH/LH 2. 4HTF - Double Top- Clear Rejection 39815 Level / Break of Structure - HH/HL 3. 1HTF - Double Top - Break of Structure - 50%Fib with Clear Rejection Candle 4. 15MTF - Consolidation / Price Tried to break out to the top yet gunned down below .39100 which was the 4h Break of Structure neck line. 5. 5MTF-...

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Quoting Waveskierrob

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{quote} Going with yea sold 1.3908 no tp no sl

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Quoting Pat Chiko

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{quote} " Are sure Waveskierrob taking too much risk on shorting now ?....". That's going to be the bull last word from the tweet I received just now ... That's their own word.......lol. Common bull go for it.

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Quoting Waveskierrob

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{quote} "Always be hedging"

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Quoting Pat Chiko

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{quote} " Are sure Waveskierrob taking too much risk on shorting now ?....". That's going to be the bull last word from the tweet I received just now ... That's their own word.......lol. Common bull go for it.

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Quoting Moty

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{image}

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Quoting Pat Chiko

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This is mixed signals. From this point here it can do anything. Now I see why I can't figure out what's going on with GU. The market needs to work out what its doing first. That's why trading is light for today. What will happen is the next direction will be decided by fundamentals. Watching oil and gold prices. If oil and gold up = dollar down. I have made several small trades and I have tiny gain on them so this tells me the market is undecided. When I get a few small trades hit target all in a row this tells me I got the feel for it. Then I plan...

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Quoting mysterio

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{quote} Might see a bit of a deeper correction this week now the stops above 1.39 have been taken and orders are closed. I don't think the 1.3980 zone will give up easily as it is a very strong supply zone. Nothing is guaranteed. Every trade is dependent on price action so there's no limit orders from me at these levels. Might range a little first. Note the first up leg may only go to 1.3930ish to fill the gap/contact the flip zone. DXY we are reacting off of weekly supply so my dollar bias is bearish/GU bullish overall. But, we contacted a daily...

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Quoting MTF Test

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{quote} hmm ! At the same, I stand at a different view point. Structure was very clear for me since last Friday and PA had shown sign of weakness of bulls. May be I am prone to complex situation. I see the price dropping towards 1.3800. Cheers my friend !

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