Cable Update (GBPUSD)

I have it least hitting 1.34300, not sure if it will go higher.

i think for today we might have seen the highs. 135 seems a good place to short as that area hasn’t been contested too much yet

If it can stay above Asia mid level of 1.3400, t is good for the bull

3400 sell again

Price wants to make the broken support resistance before dropping... I ignored that broken support initially because of the momentum with which prices dropped, so I felt it won’t go back to test it but because of the delay in price movement , It may go back and make the broken support resistance....
that does not change the sentiment... Price will create another lower low for the bulls to commence a fresh rally.

Actually i was to earlier, but its fine eventually price will drop and created imbalance area on daily chart

still selling this pair
3350 ?

From my chart,

If we look at price atm we can see it is going up, probably to least test next level 1.34142 maybe s38, which was the big area where bears found enough support to push down a good 60 odd pips.

Now this is not a signal, so please dont take it as much, if you see that red worm line, that is the exponential average of price, which is crossing s38.

When prices reaches back a level where it has had strength in this case for bears near S38/34142 and the average exponential is near there as well. I treat this as an very important pivotal point(basically price is exactly at the average for the last 26 periods). After it hits this it will rather fire low and go for the LL. or Pass and go for the HH. Reason ATM my bias is LL, the old daily resistance 1.34109 after broken has hardly been tested at all since the Euro and uk opening.

Now this can get there i am not saying it wont, but my own bias looking at longer tf, such as daily. the fact we broke an old R level, makes me believe atm that price is still bearish and will be until we see strong support for it.

Just back. And see this price is making something.
Will waiting . Waiting is golden

Entered. But do you know what im entered? Buy or sell ? xD
Its happen now

Buying random levels
1st tp 1.347

'Trade safe'

GU

Nice play to short ?

Heaven is hitted. XD lets taken the opportunity to pawn some profit

SHORT 1.3409 no tp no sl

Good luck folks!
God bless everyone!

Lukas in gas mood
No gas to EU

i think ,it won't reach that value 1.3414 is the max

What makes price SPIKES ?

Low Volume

Low Liquidity

Low Volatile.




Gimme a spike GU. Common Lad.

Morning everyone!!!

I follow you.

Compression almost complete to give one nice spike down.

50 pips, not 50 Cents