Cable Update (GBPUSD)

Waiting patiently with you

I just got back..

I just can't help it

Should sweep through with ease..
Let's give it time

3 touches up, 3 touches down in the channels... also fibo levels played perfectly, and is up trend...and bullish engulfing daily

So... 4 recent regular (seems work better) and 2 hidden bullish divergences on daily DXY, those that the script can detect.

GU is a mess, so here's a different look:

recent triple top that is also coincidentally 1.27 fib ext, huge macd histogram divergence.
I believe, if a crash is on the way - it will be epic.

Magnetic level

price could explode upward now

be vigilant

usually if EG goes up Gu goes down
this is why people like myself use tech analysis between the two
if its correlated
you can get opposite trades in two pairs
hope this helps

For what it's worth, I have closed out my bearish positions. It still might be heading down, but when I lose confidence in a trade, I prefer to be out sooner than later.

Good luck.

some PA for tomorrow

So many chances to close those shorts in profit! and you want 1.36? u serious now? it was at 1.3611-13615 yesterday!! you want 11-15 pips more?

Good call

Still holding on to the sell...

This 2021 ought to have some correction on cable to 1.3060 area before any meaningful surge to 1.40 area in the second quarter of the year.

Now have two accounts: first for intraday movements while the second for swing movements.

This week have produced a distance of 261 pips so far (1.3449 - 1.3710) risk reward favours short as no much upside to track in the medium term.

Quick Stat: last time we had 4 consecutive months of buying on GBPUSD was January to April 2012 and the run was 1.5235 - 1.6300 being 1065 pips... This current trend now has 4 consecutive months of buying while this month range still stands at 260 pips so far with a possible 400 pips expected this month of January.

Should low of 1.3449 hold, 1.3850 is imminent which will be a coincidence of 1.2818 (October 2020 low) to 1.3850 projected January 2021 high. Which will equate four consecutive months of buying as 2012 which was followed by 1000 pips drop in the fifth month being May 2012.

Bears should anticipate possible 150 more pips surge to 1.3850 before inevitable crash to 1.2850 area in weeks ahead.

My 2021 forecast states 1.28 ( February to March 2021) to 1.43 (July to October 2021)

Price trades at 1.3695 as at time of typing.
Trade safe and stay safe.

Has the stimulus package been announced?

According to FF calendar, biden is speaking in 2 hours

Cheers. better get my tight stop loss in place lol

Biden is speaking in 2 hours..
Gold & Silver

GU will haven't a nice retracement before 3730, or 3770

Good night to everyone from Portugal

Buy now tight sl. Holding sell