Cable Update (GBPUSD)

SELL GBP/USD

Buy 1.3415

Pat took the GJ short and trade still running already over 1:6 RR will update once I close the trade.
It has now invalidated the previous higher low and looks bearish.

that H1 candle doest give a breath , seem 1.34000 will taken soon , Weekly candle should be close by bull , >.<


edited : ive taken buy , for me candle will close with bull not with bear , so i risk a little peny for that buy in here till NYO

1.3410 is last important supportline for me;-)

... 3413/14 is 61.8% of the total (so far) 3353-3513 pullback in the dly/wkly downtrend.

looking for lower..this bloody trade as gone to the extreme for me..still gad I still have a fighting chance

no crushed just crashed :-) u/cad @ 4hr daily resistance will it hold or will it blow through, good indication of us$ + / -

I can feel BoE is playing all of us.

Tension building on agreement with NI.

Quick note on imbalances in forex, I think a crucial concept to grasp if you're a daytrader or even swing trader

imbalances created when there is a rapid movement in price and leave unmatched orders at particular prices

the algo which controls price is attracted to these prices so that the orders can be matched and filled

in that sense they also act like SnR-- they give an indication of which side is in control, if the imbalances are filled and price bounces off then go with the flow, if they are broken then look for countertrend

Here the market was looking for liquidity first thing during Frankfurt, with a manipulation candle and strong push creating some imbalances

once these are broken in the opposite direction it is a sign the sellers are in control and to start looking to sell retracements,

heaven line hitted . time to taken ?

Id love to say i sold whilst it was going down..

1.34600

I knew it was going to drop. I was too busy to do a quick update.

Who has an idea of what Gold is trying to do??????

buy - 1.3415

sl - 1.3380

3407 to 3460 retrace, I expect.

This is final long for today, a retrace only

i guess it tries to take money from inexperienced traders and give money to experienced traders

haha exactly. Im observing now only

This huge fall mostly bcuz ECB comment, covid spread imposing partial lockdown and bla bla bla