Cable Update (GBPUSD)

Lets get back to trading gentlemans
Nice and juicy SHS H4, break of 2630 can invalidate this pattern, when now and tomarrow we start sliding down, fasten your seatbelts, we can see some crush down, cheers!

Short @ 1.2578. SL @1.2601. TP - play it by ear.

Thanks. See me trading for 10 pips and so forth. You don't need the 4hr for just 10 to 15 pips mate.

ok ....good luck mate.

still abit before the 4 hour bar closes but the 50 period ma may prove to be resistance.

...always lots of fun to be had with this pairing and quite a move today as Moty commented earlier, considering a good proportion of the 'usual market' was missing re Uk Bank Hol. Same tomorrow. Still, thinner liquidity can make an instrument easier to 'push around.' Price has given back over 76.4% of Weds's fall at the current dly hi/pullback hi of that move. There wasn't on 4hr and nor on dly, but maybe on 6hr or 8hr there was probably bullish hidden div at weds's 2458 lo?

2nd HL (@ y/day's 2458 lo) very likely on today's dly candle close on that t/f after the 2nd HH @ 2666. 1hr too is in an uptrend now re 3 candle fractal swing analysis, 4hr probably still more bearish than anything, but rangy really at this moment in time.

U.s NFP etc could produce some fireworks tomorrow, forecasts are for a slackening in the pace of job hirings but fed is cool with that and will press ahead anyway according to latest media reports.

Re chart below, could see supply emerge in that dark blue zone above the current dly hi, if tested, ie effectively 4 prev 1hr sw hi's in there = prev res = pot res. Rising wedge on this 1hr t/f?

1Hr below

Of course-- so bloody predictable

Hope everyone got the move up today

I took a small trade about 8xR, first touch of H1 demand

... Wkly is interesting, 6 consecutive LH's in it's downtrend but a falling wedge too? Mthly of course saw May's candle close as a pinbar up from that prev sw lo zone = prev supp = pot supp that extends down to 2074, and that acted as supp on the first test of it re May's candle.

Wkly and Mthly below.

Medium to long term..

Hope it helps some, Good luck..

Anyone follow me to go long? During asian open

dear leong...thanks a lot for sharing your system .if you like can you share what is your trading method(ma's and what is the base get trade ) please if you like share it otherwise please ignore this thanks & regards

So I missed yesterday's post-asian session entry, but I did catch the US session long entry, so I didn't leave empty handed at cashed out a bit.

Looking to continue going long on a pullback.

Price to go to 2620 R 1 first

High possibility we will visit 1.23700 once again. Ive my sell on asian high

Yes, I closed in loss for my longs.

Now short below 2584.

the price in dillema , keep below 2600 . if price going break it , will need a strong pullback to get the order to take down that level.
since price already accumulate much , we dont know friday will do , usually one way ticket , keep eyes on asian play , sure lead us the way

ill exit my short when 1.23700 hitted today or next monday . and start to seek buy chance

1.25446
if will hold —-1.262X And this will be problem for bears on 4h view.

if 1.25446 will not hold and bears will drag it down, then another high still on the cards but lower then 1.262X

very difficult to trade it, i have tones of short avg 1.253
dont like the short term view at all.


if i ignore LTF movement, down mid term.
1.249will break and this is the end for shortterm bulls.

Drag the fib from the possible 2nd wave on LTF
For the right view of the LTF. Its start from 1.247
but watch the 4h i believe your MA’s will show you the confluence area