Cable Update (GBPUSD)

3950 ~ 3970 is good idea to short with little SL

if you have small lot Ehsan.. then hold otherwise you can take loss and can make up again.. !!

Possible Correction is underway before a impulse to 100% Fib Extension

Perhaps

GU Update: Prices approaching the zone now. Keeping an eye on 1.3952 and 1.3975 (resistance). But 1.400 can also not be ruled out

Trade safe

Hope i dont miss on the bearish move whenever it happens

GBPUSD bearish divergence in RSI

Hmmm... current upward movement is not supported on any source,- except dollar weakness. Eur/gbp and other pair does not support that move, fundamentaly we don't have to talk about. Short talked: classical short squeeze. If you watch the short-long ratio on retail traders (and currently also smart money) big boys go for hunting stops.

Current problem for the hunters (longs) are the missing orders (SL), until 1,3920 there is some SL hunt possible. I think it's a huge gamble currently on long. They used the drop on friday to get in "cheap" again, to push the market again keeping their borders low from the current high...

That's why we have that irrational "unusual" moves.. also explains the divergences on TA-Basis like Eddyrj is showing.

If you don't understand that fully, that is fine. You just have to know: The current upward move is not supported. Question is: Howe long can you hold your shorts?...

There (was) is also decent buying pressure but on that niveau it should be over... gbp/usd is currently too strong already. If they go on buying it's getting too expensive for them compared to where they started to sell.

Our current short squeezers used that buying power to ride the market, - now they are on their own in the 1,39xx Sky... Also, if you want to push a market in an uncomfortable area, you do it on low volume ... and guess what that morning...??

Moty may forgive me....

Hahahaha ..... I told you guys 16 hours ago just before the market opens.... It is currently playing out nicely.... The trend is your friend period..... Smiles .

Long in at 1.3901 target 15 pips

GU

Scalping short on pull back base on SNR

Any comment and view welcome

Thanks

Ehsan.. Take my advice.. Just "HEDGE" your position. Simple!!
if you stuck in sell.. place buy now.. [will remain at the same place for years]
when it come where sell stucked we will try to close it.. and may be then it come back for buys???
TRY This Method!!!

The 1.385 to 1.39 move is expected over the weekend, but this week comming will be hard to guess, it might go down and go back up. Or go up and go down. Once you see the other leg you know what potition to go.. monday is quite trade safe or just go out with your dog

Shorted 1.38976 when I woke up, for the above reason and its also round number. TP open. Will lock in stop at BE soon

its just buying fever...whatever it is do it against USD and you win it seems.

good morning all
I will try short from 1.392** . Price will wall till 1,383** and then I think that will test peak from April 2018.

Come on bears

Hong Kong covers the opening price of the Australian session.
I'm in short 200 points.

Scalping max 25 pips