Cable Update (GBPUSD)

There will likely be some 'sell the rally' types waiting to sell it on this strong pullback - in the context of the current overall down move on 1hr+

I think this will hit some resistance soon. will try a short if sets up!

GU

Can the closing price take the daily high ?

We have to wait how much MM will push it through.

TP set & Stop Level Set.

Let it take which ever first.

I have done for the day but can see struggle at 1.38693 /1.38357 could be an area to fall down

Hit that prev 1hr/4hr sw lo zone=prev supp=pot sbr @ the 38.2% 4017-3778...1hr below.

Re my comment in post above, I think some 'sell the rally' sellers might be put off by the strength of the pullback?

Gotcha.. stop to BE

I know all your tricks cable.. gonna take a walk, guaranteed i'm stopped out by the time i get back.

Expected corrective move in the dollar before back up but it's impossible to tell if that post NFP dump was it. I think the orders at the bottom of the Euro channel caused the move, same with the daily trendline on cable. But for fundamental reasons the direction should be down. "should be"

Nice retest, sl=be

Time is your best Indicator

little position
buy
for now

seems the price will hold above 3780 now.

For next week too.

IMO

H4

and added
...buy

let's see

level 1.3818 to watch

thankyou - it's all a lot clearer now.

two identical one hour candles upsidedowned same number of pips openned closed same level ... exquisite beauty ... first kill the long second kill shorts ... at least we know where she is headed

Seems it will be back to pavilion means the m5 pin bar

Treasury yields parabolic, this tells you where the dollar is headed

Gilts found a ceiling at 80bps... so dollar yields twice as much as sterling

Just want to thank you so much for the money for my new motorcycle, you are a diamond

the drop just now making that 3780 area a bit nervous