Cable Update (GBPUSD)

still in range , anything possible , if breach and keep below more support the drop today

Have an diamond in this point. I'll use the MA50 = M1 for to trade this point.

2 hours before lo , price is dropping below the band
i am short , i mean i am tall but took short

The importance of good people in our life is just like the importance of heartbeats.
It's not visible but silently supports our life. Good Morning.

Double top on 1hr ?

I closed my long with 23 pips profit.
might enter long again if 1.3935/40 is broken

switched to parabolic Sar , better view

Nope, the first resistance area is a bit above these highs. So it depends on what price will do there on M15 and m5 that the chart will or not confirm it as a shorting level.

The current area is just a position building level where participants are accumulating long and short positions. For today, the exchange will release a pricing template in order to fill all the orders built overnight and delivered this morning as markets open in Europe.

Therefore is the current range being worked by the participans is broken by the upside, we need to wait for price to form any kind of pattern above in order to confirm if the market template is positive and will break highs or it is a false break, that happens most of the times, and the market will release a set of decreasing price series to fill the orders built below the range.

Thanks, bro. Took a shot before bed yesterday. I feel a lot better this morning already

Looking at GU, I think pressure down may continue for the rest of the day leaving 1.3933 area as HIGH.
Let's see how it goes

TGIF
Take Care

took long. stop 3919

Short at 13923 TP 139 SL 13946

IMO,

For the price to continue momentum downward, it needs to retrace back to 3960/70 for NY to sell.

Let us see.

IT WILL DROP
can go up for bulls trap for 10-20 pips

I will only scalp today, 15 to 20 pips.

The target shown in your picture is more than enuff for me.

thank for let us know, I see you pay swap too for several nights ... So I am not alone, sometimes I have loss trades, I have to keep those several days, paying swap but I have them back in profit and I found advises on many places on FF like not keeping over night, always using a fixed SL hard to follow, and cut loss early as possible somehow very hard to follow, or when not cut loss but some traders use hedge and claimed never incurred loss I can not understand how they could do to bring trade to profit that way

GU

Scalping Pre L.O.

boring price , will back when do a mover

GU might be ranging all summer...but the range might be pushing it slowly higher, to break 4375 and aim for 4500 and higher, to re-test the pre-brexit levels. Just a thought...surely doesn't look very bearish on higher timeframes.

LC was lower yesterday than day before, bearish market, its legit that the price test the london session low again before LC

London starting with the way it started, can easily mean it will continue with an upmove all day today...but its friday, so who the hell knows.