Cable Update (GBPUSD)

Beautiful curves/graph writing

That was a total waste of time
Won 12 $ on the short in the morning
Lost 12 $ on the long that closed right not
Have a great weekend everyone

Please Wolfram what is responsible for this - never seen this kind before? A seizure indeed!
I think it involves all GBP pairs...

Stop Loss hit, out at B/E.

How did they jump from playing 1.3815-25 to playing 1.3830-40 exciting

CHF pairs playing too on wide spread, EU UJ somehow normally steady

Lets see if this will continue on Monday as bank holiday everywhere!

I don't know. Seems like dxy and gbp pairs are involved. EU is quiet(sub-pip moves)...

30 pips spread on my broker!!!

Sometimes the actual data gets revised

latest update:
I have placed the order before market close!

Enjoy weekend.

Still not enough to take it below 138

Really who are trading on this huge volume when banks are closed!?

Its tick volume not real volume, just MMs ALGOs banging heads together.

Cut Snake Cable

Haven't traded today - will be back Tuesday. Just back @ desk doing my weekend analysis. I see a seemingly 'mad' period leading up to the close on the lower t/f's as traders have commented on posts above, but the lower t/fs' candles' (particularly 15min and below,) really only reflect late market buying and selling @ much widened broker spreads, creating the crazy candles/heart beat monitor effect.

Nothing spectacular this week with a sub 13week awr pip range of only146pips, which is 66% of that metric, and inside the previous week's weekly candle. Friday closes with a 44pip range, this only 43% of 30day adr, reflecting the absence of all the Bank Hol traders. Monday may well turn out to be much the same.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------

The Wkly candle closes as another hammer - this time bullish-bodied and within the body of the previous. A fractal HL is created by the close of this candle and the t/f remains in a general fractal uptrend. The weekly hi is at the underside of the former asc t/line that joined 2854 with 3188.

The Dly candle closed as some kind of doji/evening star (?,) at a H (not a fractal swing) above the last LH (3847) on this t/f, and with a new HL below it @ 3766. The week's price action effectively breached the top of the falling wedge on this t/f, but no close above it yet. The t/f remains either in a very damaged general fractal uptrend or is @ the start of a general fractal downtrend/ranging period. It is hard to tell at this moment but future price discovery should make the situation clearer, (or not!)

The 4hr closes in a ranging state with a current upside bias. The last 4hr candle close on gmt+3 broker feed was some kind of bullish bodied spinning top?

What next?

Well, technically the 2 x hammers on wkly and the HL and H on the dly are suggestive of more upside price movement, at least in the near term. Be aware though that the hi of the week is in that previous wide/deep dly swing lo zone =prev supp=pot sbr that started @ 3809 and likely extends to circa 3888. This pot (potential) sbr (supp becomes res) zone has twice acted as res to send price lower, so we shall see.

Fundamentally, as others have commented, $ strength particularly after the NFP # and upward revisions on previous #'s etc would seem to be the current overall flavour of the markets. This coming Tuesday in particular should be the true test as Bank Hols will be over and we should have a full complement of 'market movers' @ their desks to react to the new information.

Wkly, Dly, then 4hr are below.

Buy or sell gentlemen.
Open could be important

Thorough as always Headland, thanks for that

Dam man !!!!
This analysis is like my professor's lecture. So true yet so complicated Thanks alot though.

my new strategy. sl 30 pip tp 60 pip

I have plan to sell gu at 1.38 for tp 1.37 letsee
In.big picture gu is looking like to strong sell