Cable Update (GBPUSD)

out...4 pips loss..

Enough playing around...prepare yourself Mr./Mrs. Bulls to become from the past

I want them to remain as a memory

Bad day for bulls...

closed 16 pips... 5 lots.
enough for to day...
see y'all tomorrow...

Obvious targets for downtown: 1.38200 (destroyed), 1.37700 (on the way), 1.37400 (in the near future), 1.36900 (after the near future)

Actually mini double bottom is not necessary. If it gonna break 1.382 then that rangy area from last Friday becomes res.
Imo

Good call, I took you up on that. Looking to TP at 1.38 where I'll be looking to buy.

120 lots - 51 k profit so far today, should i take it or wait for more?

don't go for 1.38000
it will stop at 1.38121

As usual there's both a bull and bear case. There's a W pattern on daily so this retracement leg was expected, but it suggests then further up after. And we are coming back to test a daily TL. 1.38 makes sense for retracement so I can see the case to look for buys, there's' no way I would throw in a set and forget buy order though

Instinct says another powerful short move coming up though, so that's what i'm expecting. Didn't get the up move on dxy today but it will have a powerful retracement pretty soon. And GBP has further weakness to show I think, looking across other pairs. Looks like it might be a nice daily engulfing candle too.

Well done everyone who caught the bear move today, that was as close to a gimme as you get in forex. Going long at the start of the day would have been madness with all that supply around 1.39 and above. At one point I was thinking of scalping long in the afternoon but really glad I did not.

Just going to watch tomorrow see how it's looking. A break below 1.38 would confirm bearishness

Too early to close it because we should retest 1.3880 minimum

Someone is not paying attention, the trade is gbpnzd but thanks anyway

nice correction was

anything can happen
but did anything actually happen

all out !!!
after all , the day closed pretty good for me
69 $ daily profit

GU

Stopped out

SL -18,9 pips

For today, it might hold at 1.3770-80s support