Cable Update (GBPUSD)

any professionals here?? For me looks really likely like a bulltrap - short term at least. Long term will go higher because of Brexit Corrections but that's another topic. PA speaks another language short term, can someone confirm?

Reverse towards short or Long, specially Cable ?

Short Cable... , he just posted more charts for confirmation. That mean's Dollar index goes up... and Gbp/USD goes down...

Looks like they try to wait until london is out to lift GBP/USD with low volume later today... EUR/GBP tipping down but nothing unusual...

Any intraday traders here?

for short of course

i see the head

No one can tell you with a high degree of accuracy when the market will reverse , at best its a guess , look at the drawdown the shorters are facing in the hope of a correction or reversal, mean while my profits are banked trading with the trend or larger degree swing.


At best its always advisable if trading at tops to wait for the first swing down to complete then the correction then go in for the third....infact best policy is not to trade against the larger degree swing or trend at all.


Some here are obsessed with trading anything and everything

Dont trust aybody here.I saw one member here(with reputation).He spoke a lot about economic and policy.People liked it.And as conclusion he went to short in Gu,because all is bad with GU.Next two days Gu rose for 150 pips.But people liked and some went with him.

Both broken and retested already.. should continue up...

Are you sure? You know what happens when it's obvious

Superman!!!

I'm not, how can one be 100% sure? What is obvious?

For short traders

thanks,
i didn't had that one!

Stay cool.

I don't think is prudent to short GU before the dollar index reaches at least 50% retracement ( my min.)of abc pattern...

don't be so sure , it can be a trap

I just want to emphasize one important fact here who ever is looking at this thread.

Try to be a better trader than trying to be the best analyst unless you want to work for a bank or a big institution. Every single one has their own opinion in this forum, it can be right, wrong or BS, yet it's there opinion. I think we as traders should respect everyone's opinion regardless of the outcome is. This game is depend on probabilities not certainty, who ever has the guts to face it, they will win in long term. Just wanted to share this, i have been here long enough to see traders come and disappear.

Cheers people !

Start maintaining short from here.. hard sell zone 1.3835

Short 1.3795

i think this one was...

i wonder , when they will finish their squeeze game?

...just back @ desk updating charts.

Price broke just about upside of that prev wkly/mthly swing lo zone to 3790 = prev supp = potential sbr, and @ the current dly hi is in a prev minor dly sw lo zone from march 2018 = prev supp = pot sbr that extends to circa 3802. Another sub 30day adr (which keeps falling, currently 105pips) day so far today, with the best action in the asian session.

4th consecutive day of buying likely now?

Dly is below.