Cable Update (GBPUSD)

not a tl is a pivot

I make no claims to it being a TL.
In the past, I have seen successful candle reaction retests of these breakout pattern lines.
Less so lately but daily TFs' are more reliable.

Gulp...

https://www.forexfactory.com/trades....ions-details=1

FF Retail Shorts are getting squeezed.

People holding trades for 30 weeks (longs)
and 10 weeks (shorts).
(on average).

Faaaarrrrggg, who does that....?

As usual, the stats show those trading with the current overall PA trend are more likely to be profitable

its not a tl
its a break out pattern line ?
that line is more like that

thats because they never looked higher than h4 and probably mostly European

Right at Q R3 again , Running out of quarterly levels lol

Shorts out

Short ..
and its goin back up right

I have no more specific targets left. I would imagine the last task of the bulls is to make the higher high average.

i'm going to short this for quick profit!

Got my 10pips yay!~

The pound sterling rate rises to the dollar on Monday amid reports that if the British parliament does not approve the bill on the withdrawal of the country from the EU (Brexit), then it will have to be returned for discussion by the ministers in Brussels. To date, the rate of the pound sterling to the dollar rises to 1.4208 dollars from 1.4131 dollars per pound in the previous close, although previously tested the mark 1.4233. The dollar index (the dollar to the basket of currencies of six countries - the main US trading partners) is down 0.36%, to 89.16 points.

Britain plans to leave the EU in the spring of 2019. Earlier in March, the EU representative for Brexit, member of the European Commission Michel Barnier, said that the parties agreed on a significant part of the terms of the future agreement: on the rights of citizens of the country and the union, which are affected by Brexit, about the country's financial obligations to the union after its separation from the EU, and about the transition period in relations between the European Union and the United Kingdom since Brexit until December 31, 2020.

"The news that the Labor Party will amend the Brexit bill, which will eliminate the possibility of a hard Brexit, have a positive effect on the pound," says Rabobank currency strategist Jane Foley. Prime Minister Teresa Mei has repeatedly stated that her country's exit from the bloc without any agreement with the EU will be better than the adoption of "unacceptable terms of the agreement."

The parties are arguing about the terms of access of the kingdom to the single EU market. Parliamentarians of both chambers, however, oppose the "hard" Brexit, that is, the UK's exit without a full-fledged trade agreement. Representative of the British Labor Party Keir Starmer, according to Bloomberg, said that if the parliament rejects the current May bill, "this will not give her the right or the radical supporters of the country's withdrawal from the EU in her party to complete secession without approval of this agreement." In this case, the bill with new proposals will have to be sent for further discussion by the ministers in Brussels, he added.

Constructive news about Brexit, a strong labor market report and stronger than expected retail sales, make the pound more expensive, notes Mark Chandler, head of currency strategy at BBH.

"The market is confident that the Bank of England will raise rates in May. Sterling was the second most powerful currency, showing an increase of 1.35% (after the Canadian dollar gained 1.55%). Sterling has been growing for three consecutive weeks. From a technical point of view, the currency is on the way back to the highs of the end of January, about $ 1.4350, and then there is little that can hold up to $ 1.4500, "the expert believes.

Viraj Patel, an analyst at ING, who for a long time correctly predicts the growth of the pound, notes that the strategy for selling GBP was a recurring painful trade in the currency markets, and he believes that so far and will continue. However, "the fall in concerns over the escalation of the trade war this week and stabilization in the stock market may lead to a GBP / USD rise to the highs of 1.4250-1.4300 on the positive news about Brexit. In fact, we view GBP as a relative leading indicator of G10 in the short term, given the positive reassessment of short-term economic and political risks in the UK, "he added.

considering the weekly and open I put a faster line on , up first reinforces the out-look that it could reverse but no way can it take the last w1 candle
it has to print the reverse
High in danger -monthly in danger outright fail
but very likely of bullish monthly form I make it 92.07 % probability

its too late to not print in all probability
reading it before it close all the way

read daily before it close no reverse today

also do your own work,waste of ink

avoid time waster chatterboxes who never get it wrong
he makes 200 pips out of 50 move

ok thanks for the update , might have been nice to know before you started the everyday winner

How about we .... Hmmm i know SHort tomorrow

Really great to read a solid opinion based on the markets for real - much more lively then the daily trend line discussions which seem to be the norm these days .. thanks for the read