Cable Update (GBPUSD)

yes, that MY plan (and MY opinion on that matter).
daily consolidation will soon be break.

Sell cable @ 1.3515 TP 1.3465 SL 1.3540

For long term Traders: Pending Order Buy cable at 1.3417 and at dip 1.3357, TP @ 1.39 and 1.42, SL 1.3257

Good Luck for everyone!

jual gbpusd now

I think the 4 hour tl has been confirmed on the low side so... could we now see 3725 area ???

If 1.3494 holds maybe. But that would take some "good" news coming out of the U.K. jmo.

Going Looong way.

The market hit the target.
With today close, the market confirmed the cable is still in the bears' hands. Bulls need to get the cable above 1.3550 (Over the daily 9MA) at the nearest day close.
I recommend to buy the cable below 1.3470 with stop loss at 1.3440 and taking profits at 1.3570. Any daily close above 1.3550 will take the cable to 1.3695 and 1.3770 in the short term.

I work in all frames short and long terms. So my explorers are not necessary reflect my recommendation. But the whole idea as I stated in the last 2 threads. Everyone is free to do whatever he sees. Don't stuck please.

still taking short to 1.341144

The cable shows a warning area, from chart 1D bollinger bands still have more room for more drop below the current daily low approx 1.3450. The MacD at the same daily chart shows improving and indicate quick recovery for every selling. The bottom of daily low channels is still not broken and stable. Moreover, the daily parabolic indicator shows the cable is still bearish.
From my past experience, any new low or selling add more pressure on USD and strength for buying the cable. The price action for that would be mixed this week and may turn bullish in the coming few weeks. I do long positions in the big picture.
Currently, the resistance stays at 1.3525 (61.8% Fibo for yesterday). Any break at this time above this resistance with 15m close above this figure we can see the 1.3570 and 1.3600 but be careful of reselling the cable that might take it to a new low.

After Frankfurt open.

GU is still a sell for me, at the moment.

1.3483 support atm, possible bullish phase starting 1.3490 area, volume negitive though

updated

I did not get opportunity to long or short in GU today until now.
But there was plenty of opportunity in Euro pairs. Look EA.

1.3490 testing atm, volume looks supportive above 1.3495 for a possible return to 1.3544

Looking for longer term signal for a return to 1.3980, maybe we have a turn but of course maybe not

I think it all hinges on 1.3544 atm.

Here's another reason to consider the upside, the fibo at the red line is taken from the monthly chart, downside for me would be below this red line, but nothing sticks in this business I'm always happy to jump ship and change my view for the moment 1.3490/5 is holding

Frustrating PA

Inside Bar ( Daily candle ) today.

So trading the break out is an option.

Or buy with stop loss at yesterday low.

Accumulation day will always be frustrating. Then the distribution day one can enjoy.

Jumped out of my longs on the opening of the new day today.
If it now goes to my target of 1.36, I won't be too happy.