Cable Update (GBPUSD)

one can continuously make money, in one pair alone, ...

Timing and lot size.... play with it.

20 bucks, 40 bucks, 100 bucks... anything is money

GU AND GJ
The plan is to getvout from all the positions , at daily pivot.
Although i am preaty sure that the gu will go to correction or even more , it's better to exit and enter at lo with clear head. Also i am.high levaraged, and the strash is killng me

2 Bull Setup at D1

morning
for now:

GBPUSD Long from 2278
EURGBP Short from 9080

One possible scenario,
Is that we could be forming a double top at 1.22935 area being last weeks high,
See your hourly chart
To all good luck with your trading.
Edit Daily chart below.

Attached Image (click to enlarge)

Hello All...

Hourly PP 2267
Daily PP 2261

Moved tp of half position to ,1.22400

Good morning,
today UK bank holiday.
Will they play the same on GBP pairs, or not?

GU going long now??

Monday top ranging , looking 2186 before 2347, lets see how play scalping Monday

usdx
https://www.forexfactory.com/showthr...5#post12464025

Nice video, mate.
But don't you think that support on Monthly can hold the price and give it up impulse?

The problem with supports and resistances areas, is that once they are broken, then about 80% of the time a reversal comes about to retest these levels,
Patients folks and time will reveal all.
Edit hourly chart, as you can see the 50 Lwma could act as a support area as well.

Attached Image (click to enlarge)

Not sure what way this is going to effect Cable but D Trump just tweeted saying China wants to make a deal, so it's 'Risk On' in markets now, unless he tweets again...LOL

We don't see this and the Chinese won't say it, but D Trumps push back against the communists is having a big impact in China and they'll only be able to hang on for so long b4 it crashes their economy.....
I know this because a Chinese business person living here in the land of OZ who has businesses in China was telling me all about the effects...
All I can say is GO Trump, finally someone sticking up for Westerners after 20 years of pandering to the communists and screwing up our economies...

maybe. But we don't see any reaction from buyers. When that level was made, we can see big volatility, but now GBPUSD hasn't it.

started the day ( very very ) well, Now I do not bother if the price goes up. If it goes up I will add more shorts.

Have small shorts open still.

2255 needs to break to see 2220 ( previous resistance ) first

closed my shorts at 2250.

But clear short now, so if retraces small ( even small ) would take new shorts.

For new shorts, 2285 stop.

Break even

Befote

And after

Now waiting for the set up

those who are holding shorts, need not close them in hurry like me. IMO.

I see that 4hr and daily resistance formed at 2290. 2285 must be stop for short trades