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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting stevepatt
{quote} GBP/USD W1 Observations The question is whether there is enough Selling Pressure to Push Price Lower before the New Year..... {image} {image}

GBP/USD D1 Observations

2021 Low Holding Price Liquidity Building below....
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bullish engulf thrust 1hr close after shallow pullback to, and bounce up from, another 1hr prev sw hi zone = prev res = pot rbs that indeed acted as rbs again. 85.4% 3374-3174 / wkly R1 reached at current dly hi. Possible rising wedge thingy on 1hr?

1hr below.
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Intraday (mainly) swing scalper via Supp/Res & Pa etc.
Quoting stevepatt
{quote} GBP/USD D1 Observations 2021 Low Holding Price Liquidity Building below.... {image}

GBP/USD M30 Pending Short Trade

Entry 1.33520

Target 1.33320 +20 Pips

Stop 1.33650 (-13) Pips

EDIT: Trade Triggered 16.04 GMT
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...this dly prev sw hi zone extending to 3074 has seen a price swing point 3 times now on that t/f, as under;

Will it see one again on this t/f or are the bulls too strong?

dly below.
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Intraday (mainly) swing scalper via Supp/Res & Pa etc.
Short 1.33600
SL 1.33750
TP 50 pips
Quoting Ihlas
Short 1.33600 SL 1.33750 TP 50 pips
gone short too but not for that many pips. Looking to swing back up around 13320-13330
1.3410 is the resistence of the 70%.
Together we can be strongest
Quoting Ihlas
Short 1.33600 SL 1.33750 TP 50 pips

who’s that sniper?
You can only lean on those things which provide resistance
Quoting BeeTogether
{quote} gone short too but not for that many pips. Looking to swing back up around 13320-13330
It can revisit 1.31800 zone again
Quoting Ihlas
{quote} It can revisit 1.31 again
That’s the overall target but I think we will see 134 first
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Trading at first line encountered. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting BeeTogether
{quote} gone short too but not for that many pips. Looking to swing back up around 13320-13330

so what did you thing how many pipis your suggest
Quoting Whale
{quote} who’s that sniper?
Silent Storm
looks like OTW to 1.3474
Re-Ce-Han All Time Return: na
Quoting tauhidur
{quote} so what did you thing how many pipis your suggest
looking at 13320
Quoting Nd10
I don't see GU crossing 1.337 area. I extend it to 1.34. I am thinking the fall is gonna be very hard. I'm still bearish till 1.34 is messed with porously
Thanks

Why do you think it will fall hard?

I'm in another short from 1.3360, haven't had much luck today
It's been a strongly bullish day thus far. I had finished my extended trading session so missed the short @ current dly hi, in the 1hr/4hr part of that prev 1hr/4hr/dly sw hi zone, that extends to 3374 = prev res = pot res. O/B and regular div plays from 1min upwards there.

The 3374 hi was in the wkly part of the prev dly/minor wkly sw lo zone (=prev supp = pot sbr) that began @ 3353 and saw it indeed act as sbr with a drop to 3174, and on this wkly t/f this pot sbr zone extends up to circa 3400. It is however just a minor prev sw lo on this wkly t/f that resulted in that zone.

143% 30day adr traveled so far today and price @ current dly hi just beyond 123.6% upside extension of y/day's pip range. Dly R3 higher up in the pot res zone to 3374, @ 3366.

Great day.

wkly below.
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Attached Image
Intraday (mainly) swing scalper via Supp/Res & Pa etc.
I am still learning patience.
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Quoting Sekpoette
I am still learning patience. {image}

your doing a good job
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