Cable Update (GBPUSD)

I see GU clean down a move to 1.21870.

Hello guys
happy weekend

This is the senario for this week so please let the professional trader give us comments
thanks

liking all the analysis, ill do my own tomorrow night and will post

My take
With more profound Kim Jong In death rumors, risk on piles in. Traders Buy JPY & USD

GBPJPY goes down with positive correlation to GBPUSD

Sell GBPUSD on open of markets

I think GU will have one more dip maybe between 1.19 to 1.22 and then shoot up to 1.27 area

its ugly range at the moment

GJ I think we will see 128 to 131 before heading up to 136 and above

Agree with you
i am also watching at that area since it shows higher high on H1

Boris back tomorrow. Like him or dislike him . If you think what he has gone through and been in charge of since he came into office . I think it is probably in this new age , the biggest tasks ie brexit corona and becoming PM . Is the modern day equivalent of Churchill and the Second World War .

Personally, i think cable will come down lower, I still believe bears are there, now i dont think they'll be there for long, im thinking we will go down to 1.22/23 and see a rejection, ill post my 3 charts ive done analysis on below.

PLEASE KEEP IN MIND i only trade short term, i am not interested in whats gonna happen in 1 or two days, i scalp so im not in trades for more than 15 mins typically.

Also keep a look out for how much boris may do now hes back working, is there gonna be more restrictions, more conferences etc. keep an eye out.

I may be wrong, trade safe and stay safe

Joe

also i know it says we have no news tomorrow on FF but USD have bill auctions and manufacturing business index - will post below as well


Joe

Still the pair has to go down

Re post above showing 50% fib fan bounce on daily...also occurred on 4hr - off the 76.4% (obviously a relationship between the 2 charts so maybe not so suprising.) Although I don't use them in real time I often plot them after the event just to have a look and am very often suprised.

4hr chart below.

Gu all 3 days stays in green zone H4,if it crosses 1.24900 it goes to cosmos,but i dont think so, we will see.

If i see volume, its falling volume and candle stick spread more than last last to week.


60% short 40 % long ( i see buying climax) but lets see

if i traded the weekly candles i would be dead before being rich and i would never base trades on last weeks candle

yes it is like that. I have tried trading using long term, it made my head dizzy last week. by feeling some losses, and maybe going to cut back with losses, I will see Monday and Tuesday as prices go where? there will decide to cut or hold

Hi bro, could you share the link to see this info please??
otherwise let me explain me to see if i get it on the correct way..
on this week the expectations by the big sharks on the market are:

CHF: Short, GBP: Long and JPY: Short expectations???

if i am right, i would like to see EUR and USD COT's could you share the link to see this info please??