Cable Update (GBPUSD)

Gbpusd long at 1.20750

Our battery got +9pips% i hope it takes us to market close

Closed long, have gone short

Not Full bearish until 1.1900 is broken. Looks like Bullish Soldiers formed a strong trench there.

First chance failed, now we can bounce or see second round..

short 1.2075 sl 100 tp 100 carry over trade

Even below 1900 is not bearish next, ok 1860 or even below 1959 bounce to bull most possible. Crazy extension down not considered yet! Take care

2nd failed, small bounce, can we break 2090 today? Lets see

Gold trend for next week down in my opinion tp 1738

next week US CPI is soft and the market is priced for 50 bps also end of a pull back for UJ
in these days UJ is The wildest pair . be careful
I see south again for UJ
Maybe I'm wrong

Trends for start of next week
Gbpusd up
gold down
usdjpy up

Just closed 5 longs at +31pips which again has helped the account. Didnt want to risk it over the week-end, but still have 3 longs in play in negative territory, Hope I can deal with them next week. wishing you all a great week-end yourself with plenty of green pips to come.

Leicester City 0 - Brentford 3

oooh.. I’m hoping to see a bounce from 120-11960

one short closed 12056 still open

The day just closed saw a 166pip >30day adr move - 130%. the week just closed saw a > 13wk awr move @ 103% of that metric, and the month that closed this last week (July) saw a sub 6mth amr range. The pullback from Friday's lo/the wkly 2003 lo gave back over 50% of Friday's drop down at the current pullback hi before the sellers came in again.

So, a resilient U.s job market creates a further 500k+ new jobs. One wonders if this is the high point of job creation in the U.s, during this particular economic cycle there, given what Mervyn King (ex Gvnr of Boe) used to call the 'headwinds' currently present and may be affecting the U.s economy?

Technically;

* The Mthly t/f remains in a general downtrend although July's candle (like May's [failed] ) closed as a pinbar, finding support in the wide prev sw lo zone that extends down to 1410 on that t/f. Not a good start for the bulls though to any upside off that pinbar as price found res in the pot sbr zone on the t/f that began at 2074 and has dropped since. The mthly osc's were in extreme o/s reads @ that 1759 lo.
* The Wkly t/f too remains in a general downtrend with 8 consecutive LH's the wkly 2293 hi encountering res in the prev sw hi zone that extends to 2333 ion this t/f, this being the last LH. The wkly candle closes as a bearish candle with a slightly longer upper wick. There is a repeating pattern of regular bullish div in the wkly osc's @ that 1759 lo.
* The Dly t/f printed a first HH @ the wkly 2293 hi after 2 x HL's but it too remains in a general downtrend but with these recent signs of strength. Another HH on this t/f and the downtrend may be over, the 1759-2293 move already being the 2nd largest upmove/pullback since the move down from 4249. The dly candle today (Friday) closes as a bearish-bodied hammer-type candle. Friday's lo although not a fractal swing (yet?) comes below the 2nd HL on this t/f. There is a repeating pattern of bearish hidden div in this t/f's osc's @ that 2293 hi.
* The 4Hr t/f 's last 3 fractal prints have been a HL, LH, and a L at Friday's (and the week's) 2003 lo, The t/f may be at the start of a general downtrend? The 2094 pullback hi following Friday's drop to 2003 came @ the prev 4hr/dly sw lo zone /38.2% of the 2241-2003 move. There is a repeating pattern of regular bullish div in the 4hr osc's at the Friday/weekly 2003 lo.

NB: chart conditions mentioned per 3 candle fractal swing analysis.

Mthly, Wkly, Dly, then 4Hr, below.

I think on Sunday price will open upwards retrace and then move up again

If you’re a gambling man you’d have to say that Monday will be a down day, before opportunity to go bull will appear.

but don’t gamble ok

Monday is probably reversal day, from around 2030 or little more low , short term ( first ) to me.

Let us see, any way, I trade after seeing the chart.

not for all, but might be useful for some, to all my friends here good luck and happy holidays, See You Again..

Thanks very useful, I have short term view almost the same, but you know pattern inside pattern inside pattern and its very complicated staff here. We are in correction waves inside correction waves inside correction waves.

I will wait for 1.196—> 1.1875 area as I sing for long time

then…… boom boom boom

my mid term view

the forth wave will be 3-3-5 style