Cable Update (GBPUSD)

Morning all..

cable wants to drop and it's obvious

Hello...Pretty much up all through Asian session. 2400-09 if seen seems the first 'real' resistance. (4 x fib cluster there also 2400-08) .......4hr has seen a HL now and2hr the same and a H now and 1hr 3 x HL and a HH, so downtrend in doubt on that t/f now.....pullback from the current daily hi has found support at the prev swing hi's up to 1hr.....nice easy scalp on the lower t/f's - timed with the hidden div on 2min.That 1st prev 1hr sw lo zone acting as res is where the current daily hi is. Bearish hidden div is almost fully formed on 1hr on my osc settings at least. 1Hr below.

So the last 2 weeks mon/tues pattern of a retrace/pullback in the move down from 2813 has at least started to repeat....monthly candle close tomorrow looks as though it could be interesting.

Good Luck all for the week ahead.

Maybe once I pass 10k%...but then again maybe not, because can you imagine the haters here?

And thanks!

The haters may post opposite of your idea.

lol.

Agreed, yo have lots of experience in trading as well as thread members.

...underside of that breeched 4hr/daily asc t/line at the current hi as well as 50% thurs hi-fri lo....beginning of that prev sw lo zone 1hr 2nr and 4hr that stretches up to 2410 ish also. 4hr below.

short in at 1.2378 target 1,2363

bingo

...will the 1hr bearish hidden div at the current dly hi play out all the way from a new lo below friday's 2314 lo ?.....

close up

Not the best start to the week hitting a 20 pip stop but now we have come back just under BE with another short. Pulling now, looking for another entry.

stay safe

joe

Long still play. 2350 must hold. DXY play below 97.57

new hourly low

Waiting for the current 4hr candle to close before taking a decision on my LONG position.

M15 hidden bullish div in the making
half void void 2349
all void 2332

looking for the best entry now
first long 2358
stop 2332

I could have deposited yesterday but didn't do it so I couldn't get into position before the London Open (my broker updates deposits of that day a little later) but what happened is that the price touched the strip half an hour before lo , this is a loss of 25 pips to my position. I'm so unlucky.
tp 1.22567 weekly s1
sl 1.22300

Re ema's 5min now in neutral as is 15min neutral, 30m - Daily still all crossed up re 20, 50 and 100.

Cable has reached 90-100% of it's 30 day adr on 40% of days in the last 365 and on 29.8% of days it has exceeded it's 30 day adr which is currently 120pips...So far today 55% travelled.
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1hr below....making a L under last HL on that t/f now....will that prev sw hi act as supp now ?

Looks like that TL/-Wedge confluence pattern had spiders on it with the retest.

My take.
I agree......the 4hr TF will show the way.