Cable Update (GBPUSD)

took long to 1.32540

...had the confluence of that 38.2% fib (on my 4hr chart above) and that prev 4hr sw hi zone = prev ers = pot rbs and the DP. Maybe a deeper drop is more likely given last 1hr and 4hr closes? Who knows? - just trade what we see. It was o/s 5min to 30min @ current dly lo.

EDIT: add chart

1hr below

GJ took my SL before dumping.

...potential for 5min bearish hidden div below 3265, but it would be into a 30min/1hr down move not a downtrend on those t/f's yet....so not the optimum context for the set-up.

Wavegarrick what is your opinion on GBP/NZD?

finally i caught this mf euraud for some pips
it dropped 400 pips in 5 days
i don't put sl because the gu can drop to 1.31939-1.32086 zone and then rise from there

trade closed - 1.3223

... Uk annual budgets are not historically speaking big market movers in gbpusd at least, so we shall see later.
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I wouldn't be surprised to see a drop into the previous 3210-3087 1hr/4hr range before a further move back up - should the 4hr uptrend continue....just thinking out loud, these thoughts and 10p will buy you a box of matches (or maybe not? - how much is a box of matches these days?)

Gbpjpy long at 159.800

I think we will see a consolidation between the MA200-H4 and MA200-H1.

i just bought GU @ full margin

between 1.32000 and 1.32700
last consolidation lasted 18 days

Look how closed the candle H4. And the EURGBP will do the pullback until the MA200-H1.

Usdjpy Short
tp 120.400

You are not afraid of picking calls i see. Well, a retest of 1.3195 is possible. Take some off as soon as a satisfying offer avails!

.. .breakdown from the 5min/15min descending tri that developed straight into the prev 1hr/4hr sw hi zone that starts @ 3210, = prev res = pot rbs / 50% fib.

4hr and 5min below

wow , on the pip