Cable Update (GBPUSD)

out.
Today I am surfing with a very refreshing market. Also earn some pips.

Hello. A 171 pip pullback so far in the 4hr downtrend since Monday's lo this t/f posting a LH then H above last LH at today's asian session hi and current daily hi....the 38.2%of that pullback in the 1hr uptrend ie mon lo-today's current hi reached now as price backs away from it......Daily chart is below.

So, Daily is still in an uptrend but has recorded a LH and L, 4hr is still in a downtrend but has recorded a H then HL, so both trends damaged but not necessarily fatally...1hr is in an uptrend but has recorded a L then LH now.

Current state of 1hr is below......

i think very good spot to reload short indeed. nice rr too

After playing big with the market, now have to entertain with music.

If cable didn't exist someone would invent it. A bit of Hotel Foyer light jazz to start the trading session, ramping up to full 90's disco/house as it get's going.

Closing this trade for a small profit.

I'll just wait for London session to begin.

once again 200 ema supported.

stop must be 2436. Fly high when london opens

Morning, afternoon, Evening and good night all....

Hey Headland, had to do it......LOL

break 2470 and rise

h4

2hr close as below. 1hr bull engulf close.

Halbot - love it - I'm back there lol !

i am long
this is not going to break down .
and beside that , we need to get 230 pips up , and it supposed to go to 1.25700 area

LONG 1.24907

Traders very happy with these figures....

wow , what a spike .
the bulls are here

i bought this on M5 but better would be to wait for the break and pullback ...
price will probably come back to my entry point.

this plays out very well

long or bear traps? keep watching..

Huge turn around for cable in a day or so, now 2525, hourly 200ma next level of resistance...