Cable Update (GBPUSD)

Next target 1.50

In monthly chart next resistance 1.444


01.11.2007 price 2.1161.
If Brexit, 27.04.2022 price 2.1161 ± ?

Do you think 400 pips without a retrace at all?

10 pips is also a retrace

A pull back possible on Monday below 4033 to 3950

3950-3890 to test and hunting

Alhamdulillah

How is your camel doing cutie

Camel is racing

Few Camel with hundred of following cars....lol

conformation when price break band down

Cot Data Updated

Sentiment. Have a nice weekend Cable People & STay Safe

On GBP Smart Money reduced their SHORT POSITION...in an UPTREND it means that LONG TREND is VALID & STRONG

Roll on next big milestone!

From 01-05-2021 to 02-16-2021 SMART MONEY:

- increased LONG POSITION +60%
- increased SHORT POSITION +12%

Also this analysis show how LONG TERM TREND IS LONG

Boris Johnson's government is 'gaslighting' Britain about the realities of Brexit, critics say

https://edition.cnn.com/2021/02/20/e...ntl/index.html

This is your idea but you are in fault: COT show LONG TERM BIAS not give trading indication for short term. So delayed pubblication is not so important

based on yesterday’s candle closing. next week should be a correction day on monday or tuesday, i would say that if i was looking for safety, i would wait for the candle on monday day to close and trade it on tuesday on tuesday.
if, on the other hand, a correction is made on Monday, the opportunity will go away.
d1.

... Another sub 13wk awr week just closed with a 206 pip range which is 86% of the aforementioned. Friday too matched the recent pattern of sub 30day adr days, and in fact all days last week except Thursday were sub 30 day adr which now stands @ 95pips.

The seemingly greater probability from last week's candle closes on dly/wkly played out with another upside leg to 4036 hi. Another solidly bullish bodied weekly candle close - making it 6 in a row for the 1st time since Dec'18/Jan'19. A bullish mthly close looks very possible now - if it happens, this would be the 1st time there have been 5 bullish bodied mthly candles since 2009.

Friday's daily candle closed bullishly but with a longer upper wick than lower wick as price sold down from the dly/wkly/mthly/yearly hi of 4036, closing the week just above the 4000 handle. 1hr, 4hr,dly, and wkly are in general fractal uprtrends and pertinent ema's on t/f's 30min upwards to weekly are crossed up reflecting this.

What of the week to come? - well, at some point the longer term bears will probably be right with a deeper correction (or even trend reversal) than we have witnessed so far in this uptrend. I say that but being right at the wrong time is the same as being wrong for some at least who have already been shaken out with losses. If we had a £ on this thread for every bear that has predicted the imminent collapse of the £ since the brexit stuff onwards we'd have done alright from it lol! Some have essentially been insisting that their analysis is right but the market is wrong! Indeed this week on this thread we saw the trader Jackinthebox bizarrely stating that he effectively wouldn't buy on principle because of his suspicions/conspiracy theory that it was principally the ECB driving up £ - buying it back after pre Brexit selling,!? which he disagreed with. We are in a post-Trump fake news/alternative facts era are we not? Meantime the buyers, who went with the technical trend/PA and/or read the market's actual reaction (right or wrong - it's a subjective assessment and in the context of trading - it doesn't matter) to the fundie environment affecting this pairing correctly, cleaned up, lol! There are of course pullbacks along the way, but in a strong and obvious uptrend you are better advised to target accordingly until PA on successively higher t/f's tells you otherwise, always looking to get 'with the trend.'

The blue ascending t/line on the wkly chart below may be instructive in this - it is a wkly/mthly asc t/line and if breached it would represent a > average pullback since the rise from 2675 swing lo - ie this narrow weekly rising channel that has seen shallow pullbacks before the next with trend leg up to a new trend hi. When such an extended pullback/correction/more may occur is anyone's guess, (t may already have started,) except to say that such an extended move generally precedes a deeper pullback/correction, particularly as the rise looks exponential and steep. On the face of it the dly/wkly suggest more upside is probable but with this proviso.

Wkly, then Dly below.

corrections always go back and forth as necessary.
ime the days of correction of the past.
01/12/2021 Bull.
01/22/2021 bear.
02/11/2021 bear.
02/17/2021 bear.
and now I look forward to the correction again. bear.
d1.