Cable Update (GBPUSD)

Maybe we could see 2840. 2800 and 2770

Target is 1.2885

Value area for buyers is at 1.2881

The bears won. lol

bears trap , the 1.3 is coming

That 1.2920 is my long again. I expect max 20 25 pips drop from here so it's OK.

Don't beat the pattern. Gu and EU are going down.

Im in short 2924 , mass of divergence on the abc 1 hour correction , we have hit resistance @ my long 2970 target, momentum is falling fast etc etc

Will use some of the profit from 2 trades +12 and +75 yesterday

I decided to play long game this week, shorted at 1.2973 on Monday and will hold to this position unless we clearly break 1.3. The case for USD strength is very much there: big US stimulus did not materialise, and piecemeal chunks will be much smaller in scope. (And even these chunks may fail to materialise, as Democrats will essentially help Trump election chances by playing ball.) As markets priced in high probability of 1.6-2.2 trillion stimulus last week, they now have to unwind the corresponding positions. So in my view, down is the right direction, and the fact that stock indices actually rebounded above their Tuesday levels, tells me that a drop, if it comes, may be a big one: if yesterday's action was a fake move to squeeze sellers, then its magnitude is important.

On the UK side, the positive noise about the Brexit deal is to be noted. However, we are still very far from reaching a deal, and even if a deal is reached, there will be many twists and turns before that. Other than EU deal, I can't see anything that can propel the pound higher: economy-wise, we are not in a good place at all.

mark it, if 1h candle close below 1.2858 the sell will continue deep one imo.
1.275ish?! probably

it seems papa bears only show his sharp nail

this is the pattern .
i will go short only if i see an hourly candle close below the band and a break of its low

tp= pivot-(highest - pivot)

Trap,, no trap.... just trade what i saw... easy 40 pips

to the pip respect should concern bulls

Will hold short from 2924 , not giving a target.

Absolutely right. Bulls making trap for bears..

ok so whose muzzle was removed and GU dropped like a lead balloon?
from the signals I have seen the GU can still get upto 1.2985 area but it could be a downward from there

I am tired of selling this

yes yes yes !!
round number phone home