Cable Update (GBPUSD)

o.k maybe not

I am still holding strong at 1.2780, as long as the market doesn't close below there is still a possibility that the high is not in place. The market today seems to be hoovering around that area, its even penetrated the low from yesterday by 11 pips but it still needs to hold, to show its leveling off.

Again I may be delaying the inevitable because it could very well penetrate the 1.2780 in the next 2-3 trading days but, I am not going to close my position until the market closes below that.

Tired and likely won't trade today, but hope GU can fly to 1.29 and above. Better levels to short.

Also, some profit-taking is due (or maybe already happened).

catching the fish

big fish booked, closed

Nice weekend all ,

I stretching my profits to next week to 1.27 ish

You would expect Cable to target the day's low

Lots of buy levels though- and someone just sold a stack right at the low
thanks

first loss of today , 29 pips .
daily balance 86-29= 57
now we look for the drop .
wait for the hourly candle to close .
target is for 44 pips
this is why we take only trades in the direction of the trend

hit my sl at BE
re-enter and moved sl at BE again)

See what happens- it spike ...muppets

Expanding triangle correction over, hopefully it should power down through the low now

Look at it now....easy way to set off the algos - sell at a stack at stupid price

Could not resist, bought at 1.2784, SL at BE now.
Fading weekly 4 hour fix; and I think risk mood is on.
No harm trying.

the drop is coming

Now everybody is selling the bottom below 2800...here we go again...

Strong feeling that this time low will break soon

NY is good at selling

I see more people trying to catch 2800 as bottom....until it goes down hard for another try

the bottom is lower