Cable Update (GBPUSD)

yes yes yes !

Ermm I'd like to see the bulls push this one sharpish otherwise we have a double top/M pattern

come on, we have bigger sizes. you can do better. Go big or go home

why not?

Take it easy and rileks

WELCOME 1.38600

Give it some time, they need to lure in shorters first

BTW, simply beautiful 4H bearish pinbar on USDX.

Not taking it but a Gold short here might be good, 1726, that or the pivot 1734... USDX going down so I'll leave it.

DXY caught at the bottom of a falling wedge/flag

Ilvez, on the daily rejection is even more impressive...hopefully, it will hold to the end of the day...91.050 is an important level to watch.

...updating charts.....23.6% 4182-3859 @ the current dly hi.....1hr below.

Take note there is a flurry of gilt buying so GBP yields are dropping. Any upticks in the dollar are dropping cable right back. Dollar needs to drop faster for this to lift off.

Euro is building a wedge towards 1.2050 so when that runs out of steam i'm out of the cable long and back to short

This leg on DXY may only get as far as the pivot

DXY is coming to an upper TL on 5m, last chance to drop

based on 1.3860, I expect price to to 1.4050

bought 1.3915 pending order buy limit today's low and more low if available

counter trend? MM is everything...

A good recovery today by cable from hitting the initial bounce zone to back above 139. I still have a feeling that 13840-50 is a possibility however if we close above yesterday’s high would invalidate that

longs

I have a bearish view of the cable, price is likely to make about 50% retracement before making the big move south

Daylight