Cable Update (GBPUSD)

GBPUSD currently acting like silent Volcano it going to boom soon.

Not much to say just waiting for something to jump out. I found over the months that there are trades that just jump out, hit you in the face and scream trade me, then there's the ones where you're drawing lines on your chart trying to find something. You should only take the former

I see a rising wedge on dollar H1 which corresponds to my target of 93 daily supply on DXY, perhaps this means further falls on cable today, lets see what happens

I think we're in a ranging phase of the market so be aware of trading at the extremes, the market is probably building up to another big move which could be today or Monday. I personally expect a markdown to 1.37 area but ready for anything, not in anything currently, expectations can be dangerous

bad locking XD

add buy more 1 hour before L.O .going to kick some buy buy for a while

this line "Dark Turquoise"

should it stay as support now
???

If you haven’t been able to achieve something, today is the best time to start working towards it again.
Good Morning.

day range is quiet tight
let's see which side "stop hunting" will develop & movement will occur




P.S. classic DPP 1.3778.., first this range ..68-..78 (?)

im going against my bias today.
for friday tears.

1.396 may hit before the real dump?
let see..

stopped buying this sh*t until 1.36696-1.37350 area

He doesn't even have a demo, this is Photoshop!

this chart (demo) DAILY
with all "old" lines..,
I think we are at point where "Huge" daily candle could arrive
UP or DOWN
let's see


P.S. I vote for "UP" candle

it will not be a surprise if price will hit 1.381/6 today

usually when the above is happen on the weekly chart its not happening a lot but for me it's sign for big drop for about 300 to 1000 pips but it can take lot of time .
Let's see.

Cheers.

Warm up before L.O
T.P-1.375


edit: close all with profit

Sorry not a call more a breakdown of an easy scalp sell I just took

I broke down Frankfurt/LO into different plays/scenarios/things that regularly happen on my trading plan. Yesterday was another common one, false break of the asia range

This is another common scenario to look out for scalpers. We had an M type pattern with a higher high on m5 with divergence on MACD, then some choppy sandwich candles on m5 suggesting a spike. Just wait for the spike to happen then trade the re-test of the 'chop' area and sell it. The 'M's will typically pullback 0.5-0.618 of the last leg. I find this kind of trade pretty reliable for a quick 20 or so pips, you can't be greedy though as price can easily hit a level and reverse

In fact at this time you should be looking at the key levels to fade the breakout if you want to reverse and make more pips

up from here
wolfe wave pattern
???

P.S. or to break completely DOWN

yes, same view, im going with the bulls today h4/h1 showing another correction..

as long as no 4h closing below yl

baba, i call it mr.pacman mouth pattern XD

35 pip range from Asian to LO? Going to be another slog today it seems