Cable Update (GBPUSD)

End of Scalping.


Getting ready to scalp LONG.




Thanks Rob, very snipes & precision signal. If I may add, you're the most underrated poster, brilliant at thinking outside of the box.
Reading between the lines, I expect that you're also a very successful trader.
It's a shame that you hasn't post your chart here.
I wish to see that happen one day.

Gbpcad is a nice long set up

"My thinking outside the box" is not to use charts ... unless I'm checking me piss

closed SHORT 1.3676 +69 pips

Pat your green line is next level of support. Let’s see how price reacts. I have 100 pips below your level

ok.

Above 3765 i am long.

For today

Long 1.3680

3765 or 3665 bro..

exactly 3665.

Typo

I would love to see a day close above 1.3720, would confirm my short term long bias

if one has fear or greed, stop can be set at 3670/69 for long.

My long entry at 3676

With Euro flying high, am I seeing a 1.36 today? Double bottom on a 4H chart?

Add short's in one minute pullbacks.

this long signal is valid for 60 to 70 pips if 3669/70 holds.

IMO

Short term Buy

yes i agree there is a "flight to safety" but why are investors scared is it because of Afghanistan??

anyway this is what i am watching and looking for opportunities in the long term horizon. I prefer to have a long term directional bias before look for scalp since i have not tasted scalping success.

The yen making 4 month highs its broken through its 4 month high a reason USDJPY is so weak today.

emerging market FX is also making 4 month Lows and approaching resistance. ie investors are selling risky assets taking the dollars to safe havens.

Structurally in terms of the charts the $ is the strongest currency its making 8 month highs

Copper has erased more than 50% of its 2021 highs and US oil is also making lows.

Gold is kind of mixed on the daily with a weak bias imho.
However at these levels on the Week chart i will be a willing buyer in anticipation of a upward medium term movement.

The monthly chart of gold i have identified a upside down head and shoulder pattern formation it is now in the right shoulder stage. which confirms my weekly upside bias. i have highlighted the H&S pattern the neckline is at 1893-1906 area.

if this pattern plays out a reasonable target is 2100

however the DOLLAR is relatively strong and that is not good for gold.


at the same time stocks are making lower lows on the 1hr and below charts. i would like to see Nasdaq reach the lower 14000`s so as to get into the index

imho the buy signal for stocks will come from the EM FX and Yen flows reversals.

its times like this when traders need to advantage of the 1 way traffic.

BTC has been bullish past few weeks and i think in time it will make higher highs.


and it looks like GBPUSD is not going to go down below without a fight at the 1.3775 today.

LONG and SHORT 1.3676 3 pips each way tp no sl

Just long without short

I'd say unlikely today, if we get a good reaction from ADR and it comes down to retest and holds then its likely to be the low of the day

Could be wrong, watch the TL

LONG closed + 3