Cable Update (GBPUSD)

Bears still in charge. Because current Fundies (Putin War) too significant. Ignore at your account's peril.

Weak always win , so ill choose long side >.< ( Weak = preparing )

may to range down to up further for gu , again for eu more correction still pending , even cau bull a little now . so ranges down for both intact , no direct safe journey bull anytime soon . good for scalping at least .! so gu waiting for 3577/ below 69 , ok 3584 sofa far as very strong pa, not happy with , may prove fake

base on H4 candle formation high possibility we wont visit below but anything can happen , i wont speculate and just buy when i feel it cheap to buy >.<

anyway this crazy adopted very strong bull ok ! so watching for 3614/32 , not think so strong for longer times now without correction , so scalping both ways be better .

well done , I do not without speculation any time, may fail any times but check all alternate pathways ! anyways too strong pa not like or follow as certain to fall next fast too. bull here certainly favoured ! so watching 3603 at top failure , now or then . that is will target this levels again and again from up. breaks 3594 next times will take signal top failure , 3603 enough thiugh !.

Long in at 1.3609 target 1.3627

H6

come on mf

gu is a crooky pair , look how beautiful is the movement at the aussie

below 1.3620 short

Too strong not always good enough, may correct more and more before real bull as start. Pa now. So play within its leg, more or less! Take care, fontu

i dont think i have witness such are boring market like this before in over 10years

Maybe the Ukraine Russia conflict couple with Russia sanctions, so the Financial Market seem bearingless

The following data is based on this years price movement with the Gbp/Usd

It has moved a 100 pips the difference between the high and low 75% of the time 170/227days
The average distance between the High and Low is 138 pips.
It moves an average of 32 pips against the trend from the opening then reverses and moves 106 pips with the trend above or below its opening price.
The 23.6%retracement has been hit 96.4% of the time 219/227 days
The 38.2% retracement has been hit 82.88% of the time 188/227 days
The 50.0% retracement has been hit 70.4% of the time 159/227 days
The 61.8% retracement has been hit 57.7% of the time 130/227 days.
These retracements are based on either the same day or next day movement.

The average distance between high and low on the first day of the week is 89 pips

On the first day of the week the distance between high and low has been 100 pips are more 38% of the time 17/45 days

The Gbp has move 120 to 140 pips(which it did last Friday) 29 times on Friday with the following first day of the week having a 100 pip movement 9 times 31% of the time

The average day after the Gbp has moved 120-140 pips is 114 pips not including the high of 325 pips and the low of 73 pips.

This has decimated my account

l dont trade this crazy pair anymore but its short