Cable Update (GBPUSD)

Switched to long eu at triple bottom

This are times we trade for. No news today, but mayhem.

Gu has at least 40 more pips to do what EU has done for the day. Are they waiting for data? Give it to me boys!

"Japan has been left with unspent budget totalling 22.4 trillion yen ($161.41 billion) from the last fiscal year, a draft seen by Reuters showed on Tuesday, which analysts say may raise questions about the way stimulus measures are implemented. The excess amount in the budget for the fiscal 2021 came on top of some 30 trillion yen that was carried over from the previous fiscal year, the draft showed. In addition, an precedented amount of 6.3 trillion yen from the last fiscal year's budget ended up being "unneeded," it showed."

Sinking like an anchor..

...61.8% fri lo - mon hi reached.

Finally, the best trading session ever for me in the morning, usually mornings are fatal for me. Pat Chiko knows what I'm talking about.

Added 2055 and 60 SL 2045

update

cca 1.2050 can be 1st Support
we will see

...slight upside revision to Uk services PMI as price hit that 61.8% fib.

4hr+ still in downtrends, 1hr rangy-bearish now with recent signs of strength off Friday's/last week's 1975 lo gone?

We don't need to think, expect or feel what price will do next we just need to know the conditions on each t/f of interest (range or trend) and know where the potential supp/res is and price and price action will do the rest for us. Apply some methodology and money/risk management and you got yourself an edge.

1hr below

USD/JPY 135.60 very important Support.

Banked my shorts at 2056. Shorted again at 2065. All TP set at 2023. EU has dumped 120 pips from top to bottom. GU hasnt even done 100. That's your clue. GU is headed much, much lower!

...it was the perfect right shoulder for london to sell on 1hr/2hr/4hr wasn't it re the H&S?

1hr below

Where is your TP for your shorts?

I've been in and out with 3 shorts and 2 longs so far this Ldn session, so have no open shorts atm.

It's happening fast and sweet. Banked 9/10 shorts here at 2045. Leave one with SL in +1 see it it can hit my TP. I am prepping to buy me some EU.

Beautiful days! Long may it continue. God indeed helped me in these shorts. He answered my prayer!

SL hit like I said that was risky trade, do not make it at home!

4hr close on gmt+3 candle

4hr below

why were most of the major forex pairs falling today, even pairs like the GBP/JPY??? the dxy was rising but the USD/JPY was plummeting which makes it all the more confusing, I understand why the EUR/USD moved the way it did but very confused about the rest , just looking for some answers