Cable Update (GBPUSD)

this pattern reminds me of the night before the brexit vote. just before everyone realizes the uk government has completely shafted the economy beyond repair..
"please go shopping, theres only 1000's of new infections a day"

short 1.2742

eur / aud took my pips.

Looks to me like 2850 above yesterdays high, would be a great spot to look for signs of serious bearish PA.

against the trend?

gbp gave me pips then.

eur- aud is daily weekly demand I am long eur-nzd is weekly demand I am long gpb- aud is weekly demand I am long gpb - nzd is weekly demand I am long

I am a pips hunter. Do not pay attention that will affect your trend. gl

Hope it above 12770, then fly.

just a caution.

if price spikes above 2750, it can correct to 2780

h1

d1
may gu begin to reverse.

drop

My view for now:
- UP TREND of GBPUSD is intact and will keep like this despite the expected big down move
- space of down move likely to extend to 1.25 or even a bit further
- SELL the highs down to 1.25
- Daily close above 1.28 invalidates this scenario
best wishes for you all.

Today's Asian session was too favorable. Today maybe the transaction will not lose.

my appetite getting bigger and bigger
second move of the tp

Atlast a sigh of relief for bears. Cable can drop to 1.259xx region for a possible rally again. I will wait to catch the rally soon. Or else I will wait for the price to drop

below 1.25xxx to change my bias altogether for possible short positions. Trade Safe.

Cheers.