Cable Update (GBPUSD)

Back at desk for another couple of hours-errands run and was bored.

Beefy pullbacks the last 3 - all sold again - 1st two to a new lo. this 3rd one ? Scrunched up 4hr chart below shows where the potential support is - a prev sw lo on this t/f then below that the light green zone a prev sw hi zone on this and daily t/f....90 pips travelled today hi-lo - 75% of 30day adr. 38.2% of 1411-2813 is at 2276 with 76.4% of 2072-2813 lower at 2247. Regular bullish div 10min - 1hr but it could also still be there at a lower price if seen. Where you gonna buy from ?

...so far on 5min + the move off the current daily hi has not seen a H made above a last LH on these t/f's - that occurred after a LL....not a good sign for the bulls. Yet !?

1.22953-1.23000 still hold.
but there is one thing that i can't understand
eg is allready at weekly r2

its all about patience,,

still hold my shorts

Cheers

1hr bearish engulf of last 2 close.

I didnt get any trades in today, was possibly to tired and not clear headed.
Overall see GU going to 1.22. this price is the reaction on 4h of the start of the upmove that was created. Price should go there and have a upward reaction as theres lots of liquidity there

...currently at 78% of 30day adr...40% chance of getting to 90-100% and 29.9% chance of getting over 100% - based on last 365 days.....30 day adr is currently 120 pips.

Bearish pressure is too much. It may dip down in next 4 hours.

Jees Almo, leave some money for the rest of us LOL

Great results mate

nothing new , just melting the ice ! take care

Trying to obey monthly low... Monthly range already at average not much to cover this June anymore... 1.2310...1.2280...1.2243 are level to halt the selling for June only... Then expect a bounce to 1.2420. Failure to reach 1.2420 before June ends should bring all buying transactions to a close. It is going to be a very busy July indeed.

Almost at second buy level of 1.2280...well planned.

Just trailing my STOPS...
After

BF


Let see how it goes

Trade Safe. In my books whatever the range is, if it fails to breach 1.234xx area, we are still in a bearish mode. I might be wrong but that is what I am seeing in price

action at the moment.

TW

sorry cable fake never caught me out . Just a bit more now

I will take long around 1.2270..targeting 1.23.

It surely was a fake one.

Second buy activated at 1.2280...