Cable Update (GBPUSD)

...challenging prev 1hr/minor 4hr sw hi / fib now....... Next 3 fib cluster 3022-25.


1hr below

in your face

Bullish reversal? Or a big pullback to then resume bearish continuation?
I'll go with the latter till 1.270 is hit today.

i really starting to hate this crooky gu , look how Mirabelle it is against the gj
40 pips vs 20 pips and that is after a full adr daily range move of 130 pips before lo

1st quarter low is 1.30

2nd quarter investment will require a cheap price to sell or to buy, we dont have such price yet

price need to go atleast 250-500 up or down max to find a position for the investor


a drop from 1.30 to 1.28 to 1.27 will attract buyers
a rise from 1.30 to 1.32 to 1.33 will start to attract sellers

...anticipating a possible point 4 downmove in the potential 1hr bullish exp tri. let's see what happens - such a move could set-up a point 5 for a further bullish run? Just a possible scenario amongst many.

Well done Moty, those 3 hammers did the trick LOL

Nice to see DXY getting a sharp kick in the goolies for a change

As I see it GU to 3045 later on during NY session unless US dollar makes a comeback because US 10yr bond yields are getting stronger by the hour

... potential for 5min bullish hidden div on any deeper p/back whilst above 3001. Not much of a 30min (+) uptrend though.

I think I might have been right. It appears to have been a mere pullback just for bearish continuation to proceed.

...pulled back to the prev 1hr sw hi = prev res = pot rbs and 50% of the then move up off today's current dly lo...now exceeded it off the 1min bullish hidden div there and nice 3min/5min engulfing/piercing pattern candle closes respectively. Challenging prev 1hr/4hr sw hi now, part of the prev 4hr sw lo zone = prev supp = pot sbr.

1hr below

Close BUY 1.3037 +30

let's see how many pips it will bring me

...took a bounce off the DP around that 23.6% of today's current move up...still bullish overall intraday. 59% of 30day adr travelled so far today.

1hr below.

...had the 1hr bearish hidden div and the 5min bearish regular div, and 15min o/b reading at the current dly hi and now it is challenging the prev 1hr sw hi zone = prev res = pot rbs.

Is that hi the point t 4 of the bullish exp tri? (not a fractal swing yet.) How strong are the bulls now? Can they establish a point 5 'base camp' as a fib retrace of move 3-4,? or will it be further selling and a fib ext of it if it develops that way?

1hr below.

It did develop at that 50% fib in that prev 1hr sw hi zone = prev res = pot rbs mentioned above. Scalping in and out both ways as usual...some kept open for longer some quick scalps, with tight stops - rather be out of a good one too early, than stuck in a bad one, (which of course can also be an excuse for bad trade management lol!)

... you can see the prev 4hr sw lo zone = prev supp = pot sbr (once disrespcted as pot sbr) at the current dly hi and the 1st attempt to get upside of it resulting in a prev sw hi on this t/f is shown too. Beware though - 2 prev attempts at a point 5 (starred) in it's bullish exp tri.

4hr below.

Going Long on GU pair.
Lot size : My house
SL : Front Door
TP : An extra room addition to the existing house

Either loose a door or get an extra room. I am tired with this pair