Cable Update (GBPUSD)

My short term 4H and 1H technical indication is already pointing up.
On the other side, 15min TF, pullback is still down, but it looks like it's coming to an end. So I am looking for some short term buys atm.

GU, got stopped out from the first trade, trying long again https://www.forexfactory.com/thread/...2#post13182782

time and price both satisfied, move over

Closed with 16 pips. Nice scalping day. Got 167 pips today and I'm out. Goodluck all!

Precision

The current 'direction' of the market to the prevailing present point in time is clear from whether a t/f (s) of interest to you is ranging or trending (howsoever you determine that,) and how many t/f's of interest to you are trending in the same direction or in a contra direction to each other, or indeed ranging. As for whether that 'direction' will continue - no body knows - it could reverse at any given moment in time or continue - none of us know - all we know is what happened to the left of our screens not what will happen at the hard right edge....

At the hard right edge - all we have is probabilities which are based on what has happened. These may give us an indication that there is a greater chance of it happening again or not- that's it. How each of us may determine that (or not) is up to the respective edges we are trading with. So I cannot give the future direction because I, like everyone else (even those that kid themselves and worse - others that they do) do not know it... and I leave it to others to determine the probabilities for themselves based on their own edges. (If I was providing trading signals - I would charge money for them !) All we know about trends is that they continue until they encounter a strong enough volume of contrary orders to reverse them - either temporarily (pullback,) longer (deeper pullback or correction,) or completely, (ie price moves to ranging or an opposite trend conditions on any given t/f,) which is why I analyse potential supp and res so extensively so I know where the next potential problem area(ppa) is for any 'trend' trade that I am involved in.

The information I give in my posts are for the most part comprised of a discussion of current fractal and overall PA conditions (trend or range) and potential supp/res/sbr/rbs across the t/f's of interest to me. I also occasionally highlight / discuss technical tactics. If others find this interesting/useful - great. If not - put my posts on ignore.

... 1hr below 1st ppa on that t/f met now by price. That bottom of the diamond pattern 1hr/4hr highlighted earlier by Shabab8b is likely good so long as asc t/line holds ? The topside of the pattern has already broken but encountered supply at that prev 4hr/dly/minor wkly sbr zone.

fontu, good to see you active again...it's a gloom and doom scenario, of course, possible when GU breaks down below parallel channel...

Hey, it's England, "the boys" will always know well in advance, security breach or not. The positioning before the news (same day or a day before) usually tells you the story.

Did I read you TP correctly? 1.39?

playing hard to get hah?
your day came, dx mf

There is no long standing long g or short in any currency . simple draw the lines

sorry I meant to say 1.29.

spike is coming up??? i feel likes

I think UK fundamentals will prevent a move like this, even if dollar softens again. But I guess if you are flexible about your TP, it may prove to be a great trade.

for now, 2700 seems to be holding.

In asia, the price can move up.

I do not expect the price to move up today.

rest of day choppy

Ah, that's different. I don't expect it, but worth a try.

thanks , glad to see all too. actually at times doing having minimal involvements due lots offline trouble due pandemic and personal susceptibilities ! anyway waiting long for the free fall , gave up some trades to get there & to cover for the year next! the channel is simply name sake , likely breaks down towards bottom again.thinking big ranges down before the real reversal if by 2 yrs !
pandemic situation likely the worst next year , 10 times than this , so after 2 yrs apply here for. take care , wish all safe & stay home .

If Look into weekley 1.24664 is TP . SO in between sell all the rise