Cable Update (GBPUSD)

i expect correction upto R1 2512.

for me.

I think this is headed back to 1.25

I'm out will small pips loss. Gonna wait for breakout confirmation on 50 ema 15 minutes chart

The 4 hr candle seems bearish.
Edit: waiting for the 4hr candle on gbp/jpy to sell

EG up to more fall

EG

what i am seeing is a bearish trend on EG. and bullish h4 fllag on GU. this is only for me.. might be wrong.

If dx will break , it will drop

I try shorting here. 30min TF. trendline broken, consolidation. Also on my chart two 4H bearish candles in row.

Buy @ 1.24600

TP @ 1.25130
SL @ 1.24510

1/5 reward to risk ratio.

If the next 4hr breaks and closes below the previous day low (2455), then we should expect the prices to reach the Week's Open Price. The sell move is due to the 278pips weekly range which is extended.
The analysis is meant for learning supposes.

I can see a potential Head and Shoulder pattern forming on the Daily timeframe. This is indicative of the COT report showing the slow down of sellers and LONGs building up. So i am guessing the Market makers will wanna lure first before going LONG for the longterm. Hence the SHS is likely to form.

Just in my own opinion.

Clumsy chart. sorry

IMO, there should be recovery to 2512, before up or down .

Hello. Very subdued asian session - 16 pip range...subdued start too to London session. Price has formed a base at the top of the prev 1hr/2hr/4hr swing hi=prev res that likely extends down to 2444...now challenging the asian session hi....1st real ppa after this the prev 1hr/2hr sw lo = prev supp to circa 2487....38.2% fib and daily pivot in there @2484/82 respectively.

278 pips lo-ho covered so far this week...50pips more than last week and 98% of 13 week adr.

hahah
i held this over night, which i never ever do.
But its moving where i wanted it to.

H4 made a HL in the Asian session after breaking Day R yesterday.

first i wil just take 15 pips on this s a target.


Bears should take their profits if they are in any profitabe sells imo

...presently osc's 5min - 2hr point up but ema's 20/50/100 mixed across same t/f's....upside b/o of asian range...into this 1st 1hr ppa. 50% of the drop from y/day's hi is @ 2492.

just my opinion:
MA's are always late.
the PA is already there on M30, H1 & H4.

just one more R @ 2481 and then the bulls should be in full force