Cable Update (GBPUSD)

Gold is retracing to 1866 and then enters a bull run upwards towards 1900 level

sL tp in settings

Gold has two levels of support one at 1866. Watch price action at this level before buying, but trend is up.

2 position has been added, time to rest

I am closing my gold long at 1876, since gold could correct downwards at this level.

observe the obvious!!

Currently I am now more prone to short gold at 1876, however at this point I exit the market. I looked incorrectly at the charts and I think 1876 is a good level to close longs. I might be wrong, but this is where I exit for the night.

email wouldnt go through, here you go tried to sned another pdf but says file too big

thanks T you finally found a way

Gbpusd 1.23200 retraced, maybe a good level to short again

Waiting for 1.22800 to go long again

something else to read over weekend Hadi sorry the other Order block pdf is too big a file to drop here. try deleting the 0 from my phone number and put +44 you might find me on telegram that way

Graveyard shift if the pair end up over 123 we could see a bullish Monday maybe

... Less than 1/2hr till market close now. Today is the biggest pip range for some time ie at least 217pips, (172% 30day adr,) and 135% 13wk awr or more this week traveled. So far this month, 65% of 6mth amr traveled. A rarely seen 9 consecutive bearish candles on the 1hr today in the straight line/edge of a cliff drop down. Bulls never really stood a chance after the higher than expected U.s Cpi data which will at the very least harden the Fed's resolve re it's existing plans/trajectory, if not affect their pace/severity/duration of forthcoming further rate rise plans, and that is the way the market saw it with $ strength in this pairing being the result.

* Wkly ends the week in it's classic downtrend with 8 consecutive LH's now and 3 consec LL's The weekly candle will close bearishly. The Wkly falling wedge remains intact.
* Dly ends the week having ended it's recent general uptrend and will post a LL when it prints fractally now, after the L @ 2430, and the H @ 2600 ...so maybe at the beginning of a general downtrend or some period ranging on this t/f. The dly candle will close very bearishly, probably a big bearish thrust b/o (breakout) candle.
* 4Hr closes the week in a classic downtrend (@ extreme o/s osc reads) after spending most of the week ranging on this t/f, with one false downside then upside break of the most immediate ranging conditions on the t/f, on Tues. A convincing downside b/o of that range today was preceded by 2 x LH's and a L, and what will be a LL at today's lo or lower when it forms fractally.
* 1Hr too ends the week in a general downtrend, @ extreme o/s osc reads.

(NB: Chart t/f conditions measured by 3 candle fractal swing analysis.)

Wkly, Dly, then 4Hr, below.

What is significant about 12300? Why do you think that? All I can see there is the topside of that prev dly desc t/line that joined 3090 with 2600 as potential support, and what is now a prev minor 1hr sw lo zone. Monday's Dly S1 is likely to be under it I guess? and:

2294-71 prev 1hr/4hr sw hi zone = prev res = pot rbs, incl 2283=Mthly S1,
& 2276=76.4% 2155-2666

A pullback after such a move is not uncommon as we all know - Supporting your suggestion, @ the 2300 lo there is reg bull div 5min/15min, and extreme o/s reads on 30min, 1hr, and 4hr, but the dly did close very close to it's lo.

GU is definitely a good buy from here

I work on psychological zones. Usually big round numbers on Daily Close. The drop was significant and has the legs to go lower. However like we saw 126 vulnerable a few days ago, but bounced off it we could see the same with the 123 area too