Cable Update (GBPUSD)

If if 3228 area holds then possible long would be 3800 3960 area

another possibility is the move you see here might be good if somebody could fib this 4 hour to see if!!! If we are in a pullback ? Doji watch on the 4 hour then might be worth an early hedge !! Let's see what come in the next hour

So I posted some opinions that I look at either long or short , one has to look at all possibilities the trick is to try to believe what one has just seen as regard to trades targets stops and so on then trade with confidence if you the can see which of your possible trades are in the right direction then one can buy or sell the fall or rise of that market . As today I posted 3312 target then 3312 resistance which held . So the trade was big with only a 8 pip stop and then we move it to break even . So now I hold a possible big trade for no risk . Hope that makes sense Lock . Regards E

But remember the post before

it doesnt look bearish long term..and the weekly bears are just 3 indside bars yet..

I don't see a lot of support below here that I might hang my hat on, 3172 perhaps for now...

as for Rs, only thing close that looks interesting is 3276, perhaps too close, but maybe it plays later this morning from farther away, and maybe I can use it...that's it for now...

Good morning woke to some nice pips

There we go Lock simple trade with close pip accurate with money on the trade . Now 57 looks to be a number to watch and the bottom 3280 area

just sold at 3276, risking 10, not looking good now..

quick -10


maybe some R now at 3296, but I wait a while...

Region reached with low of 1.3234 some charts 1.3226, M5 completed a bullish signal, looking how it will pan out...

1.3240 region is also the H4 long term up trend line support. looking at how this last hour to H4 will complete. Likely will let us know if uptrend is going to resume from here

Challenging the downtrend line support turn resistance... go go go

Compressing for a breakout, hope its upwards

Oops oops, triangle compression failure, hope 1.3276 holds as support, if it does, we can see 1.3311. range here for awhile?

Whoah what a strong gapdown ! challenging the bullish support

all news related....bad construction figures....1.31x is in the way...

Bullish setup invalidated.

From the charts the downtrend line support was breached yesterday I take it to mean it is more bearish than it is. Today it test that same support now turn resistance line and it failed. Failed at the point of it testing or the news? maybe its timed this way?

Took off from a higher short and since the triangle compression failed, reshorted and surprised surprised.... tight stop just below the short region. In all fairness I to hope it springs a strong up, but hey the chart says down for now....