Cable Update (GBPUSD)

Yes. i think i see indication for this.
But more to the point - the big players decided to short this morning!!!
Small guys buy....

So what do i do

Evidently not.

is it gonna go below 1.29.

I shd think there should be some support around here at 1.2955 region

Bear in mind the dxy strength today

temp to go long will wait till US session if it still drops.

1.2930 region immediate expansion target reached which is also an important support region, we should see some reaction from here, otherwise.... hope to see 1min downtrendline overcome for more upside

I unhooked my short for long

1.2940 average buying pressure support in the short term..... looking for a bounce from here X fingers

Hmmm... 4 mins to the end of 4hrs chart 1.2960 region looks defended, higher timeframe up for the push next ? X fingers

Update.

Exited all trades... time for bed.... best of luck those still in positions....

Actually the H4 chart looks pretty bearish, the only reason to test the bearish long down candle is to test the resistance level.. there is a gap at 1.307 region....

As long as 1.2979 remains resistance its still bearish from M5 to H1

1.299:-) hit the target.

1.3000 was a support level now it will become a resistance level. The pair is likely to bounce off from it.

looks like heading north!!

Buy stop entry @ 1,30701
SL @ 1,29003
Expiry date 22.07.

1.3 has hit is it reversal patter now?