Cable Update (GBPUSD)

Good move. Playing up and playing down very fast. Its make a very critical decision. MM very important

WG

thank you, I may have become good enough to survive. Very dificult profesion. Time will tell.

tired.. covered loss

If the stock markets go into risk off mode expect a tendency of dollar strength .

Checking usdx, still dealing with strong tl, pa likely bullish.

Gbpusd trading chart

...great run up then in the post U.s Cpi data release period...price finding supply @ the bottom of the 4hr part of the prev 4hr/dly sw hi zone that leads to 3662 = prev res = pot res, @ Wkly R1. A breach of various descending t/lines to that upside as well as Dly R3 (when was the last time we saw that happen,?) and a 151% of 30day adr move.

Last few prints on the dly now are LH (3524,) LL (3359,) H (3627,) HL (3490,) and what will be a HH @ today's current hi or higher when it forms fractally....so beginning to look bullish again on that t/f.

4hr below.

Exactly pre 2008 market back again, all movements with news only. Off on news traders in scalping mode be best benefit!

and it was done

great day

...scope for 15min+ bullish hidden div to develop now, also for a bullish expanding triangle point 5 to develop on 1hr.

1hr below.

wow !!!

spechless...

...gave back over 50%, 10min bullish hidden div formed now, 15min looks as though it might on any deeper pullback.

1hr below

13614 replaces 13590 once it goes above 13700. I may be wrong. aprox

this is still 50% retracement
took long aussie for extra leverage , more $ per pip

...next 3 fib cluster to downside 3547-51.

1.3565

...4hr below shows where the fibs of the major swings up from and including 3359 to current dly hi - 3635 are.

...15min bullish hidden div has now formed may stay good as long as above current dly lo

That's what you call a pullback! - approaching 61.8% of current dly lo-hi and 50% current wkly lo - current dly hi

Now target goes 3555 and previous low 3523