Cable Update (GBPUSD)

...1hr below.

That descending dotted line is a provisional trend line as it is not joining 2 x fractal swings on this 1hr t/f yet.

just readd on 1.35300 level , to make sure it just spike , hahaha
H4 candle show rejection and change the momentum , ill take the staking on these , bullish weekly candle expected to these week

...challenging this prev 1hr sw hi zone now = prev res = pot res. Strong bounce so far.

1hr below.

if price serious these time , candle should have that momentum and close above 1.35700 and jump long , not without slowly crawl,

if price crawl again we can see any dropped anytime again with no brainless like yesterday >.<

...nice 55pip bounce ... so far....

Breaking here - might be back later.

1hr below.

Hi Mysterio

Kindly share how do you read footprint and absorption, any chart with a couple of annotations would be good. i am trying to understand it for learning.

Tp 1.36000

Hello guys, price suddenly became volatile yesterday and today is also showing signs of follow through Volatility with some weird moves.

Here is my view, bears can have dominance with a daily close below 1.3500, if price fails to close below 1.3500, it means bulls have an unfinished business to attack 1.3660/1.3666 area before price may decide to have an uninterrupted crash to 1.3200.

So wait to sell at 1.3660 area for a target of 1.3200, only a close above 1.3748 (January high) will invalidate 1.3200. also pay attention to weekly close above or below 1.3571 for further clues.

Trade with utmost caution and money management.

Cheers,
George.

Not quiet unless info was leaked before hand.

BOE governor Mr A Bailey speach delayed since morning and was released 5pm UK time.
https://www.bankofengland.co.uk/spee...-annual-dinner

Later, 30 year bond auction took place, which most of times we have strong moves.

Bullard stm was released after 5.45pm.

Daily chart with BB and Keltner.
Towards 134?

Looks like GU is getting ready to drop. Can't really say how much it will drop, so I don't know if it will be a lucrative trade.

Price over 3563, that is extension down over, a new leg up before next tanking. But watching 3543 at top failure for now or just existing leg up!! Weekly up not over yet, can easily close positive, over 3540.

TP hit. +42 pips in the bag!

Dx will not break 96

The two blue lines is where the price started on Monday. Yesterday formed a peak and now there is only one place for price to go and that is home. Exactly where it began the week. Enjoy the trading.

buy buy buy

Hiya maheee long time no se

My finger is on the mouse right now just about to sell GBPUSD. Just watch and agree with me later

better place a pending at 35800