Cable Update (GBPUSD)

alhamdulillah

Price was always going to bounce at black zone and it did it in style!

All timeframes are bearish - I cant see also anything bullish in my charts. Same targets.

yes Moti,

The PA is up today from probably 3730/25.

Opened first buy today @1.37315

Short
target 1.36782

might be a super entry.

Time will tell.

below 3721, no bullish today

closed 1.3734 + 32 pips

Trades running at the moment.
Higher time Frame is the key..!

closed 1.3727 +37 pippies

GU is being making it to choose sides! Breaking yesterdays low is a matter of time and next stop is between 1.3697-1.3680 with maximum extension of today being 3620

seem the 1.36200 area will be getting to taken , as the good area buy there ( but first 1.3700 area i will watch out first )

Actually if the week closes below 1.37 then the only buy area i would consider is 1.3455, anything else would be quick scalps

Up all night to monitor this trades.
Still going good!

ahaa the market determines its direction without coercion, profit taking 1 position to recover opposite direction and one more with trailing stop I let it go until the goal.


lol he really fall

Today is Friday 19, August 2021. Yesterday Price close below 35K level. FOMC shake the market. Today there is no High impact News.
Price close below Monthly open line and weekly open line. Probably this week will close below weekly open line. It means this week may be bearish week.

By Lewis Krauskopf and Devik Jain
(Reuters) - Wall Street's main indexes slid on Wednesday, with the S&P 500 falling over 1%, after the release of minutes from the Federal Reserve's policy meeting last month showed officials felt the employment benchmark for decreasing support for the economy "could be reached this year."
Stocks accelerated their declines late in the session, pushing the S&P 500 down about 1.8% from its record closing high after its second straight daily drop. It was the benchmark index's single-day first drop of at least 1% since July 19.
Most S&P 500 sectors ended lower, with energy falling 2.4% and healthcare off 1.5%.
The minutes of the July 27-28 Fed meeting showed different groups worried about inflation and the need to prepare to combat it, with others saying it would take time, and require patience from the Fed, to put Americans back to work.
Investors are looking for signs about when the central bank will rein in its easy money policies, including tapering its bond-buying program, which have been a crucial support as the S&P 500 has roughly doubled from its March 2020 low.
"The Fed minutes did nothing to dispel the thought that tapering will begin soon," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. "We are closer to the end than the middle of tapering, and people don’t know how to react to it."
The Dow Jones Industrial Average fell 382.59 points, or 1.08%, to 34,960.69, the S&P 500 lost 47.81 points, or 1.07%, to 4,400.27 and the Nasdaq Composite dropped 130.27 points, or 0.89%, to 14,525.91.
With the market in a period that has seasonally been weak historically, investors have said stocks may be due for a significant drop, with the S&P 500 yet to experience a 5% pullback this year.
Focus now shifts to the Fed's annual research conference in Jackson Hole, Wyoming, next week for any read about the central bank's next steps. Many analysts expect the Fed to announce its plan to taper asset purchases as early as the Sept. 21-22 policy meeting.
A rebound in the U.S. economy, including a stellar second-quarter corporate earnings season along with accommodative monetary policy has underpinned positive sentiment for equities.
"We have gotten a rash of both earnings and economic data over the past several weeks that broadly is pointing to a positive outlook for the fundamental backdrop to the market," said Craig Fehr, investment strategist at Edward Jones. "The one wildcard at this stage is going to be the role Fed stimulus is going to play."
In company news, shares of Lowe's (NYSE:LOW) Cos Inc jumped 9.6% after the home improvement chain's quarterly report. Lowe's said professional builders and handymen were rushing back to its stores, boosting sales.
Declining issues outnumbered advancing ones on the NYSE by a 2.43-to-1 ratio; on Nasdaq, a 1.46-to-1 ratio favored decliners.

The S&P 500 posted 28 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 50 new highs and 149 new lows.
About 8.8 billion shares changed hands in U.S. exchanges, below the 9.15 billion daily average over the last 20 sessions.

my trade style is channel , because channel never betray . that why i always trade from channel biggest TF

added second buy @1.37150

wow how did you work that out "this week may be bearish week." was it because its Friday or was it this weeks 167 pip dump candle so far, even with retrace it has been bear week, will be interesting to see week candle close!!!