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Cable Update (GBPUSD)

Bulls your day will come, but not now I guess.
A close above 1.21381 can be potential Long, downward pressure seems to keep getting challenged.
Eventually bears will fold.

EDIT: Friday session only have few hours left, this trade will not be valid on Monday, there will be new levels to watch for.
As I looked at the chart a moment ago, for day traders (like myself) I suggest to just stay away, price structure is a mess.
But for scalpers or swing traders, you do whatever you want, as long as you are happy.
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Quoting donfriday
small long with 100pips from 1.2150 tp 1.2325 the drop will come soon after taking some Liquidity 1.2275 hit twice i expect some trap toward 1.23 before the real Drop P.S just my view

bearish butterfly????
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I NEVER LOSE/=I EITHER WIN OR LEARN
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As far weekly holds above 12065 I am happy.

Have a lovely weekend friends!
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Quoting Coreg2004
{quote} Theoak, 44 years later, governments worldwide are still unfamiliar with this video or maybe they are? https://www.youtube.com/watch?v=F94jGTWNWsA
Get it printed
Play it by beer!!!
Quoting JereMi256
{quote} SL missed by 2pips, nice try Bears! Added @1.2113 SL changed to 1.2097 TP for all 1.2171
Late update: I closed all positions 2 minutes before the US news, all in profit except one that hit BE during news.
My weekly target met, so no trades till monday.

The image behind is the last page down, showing last trades before news
Happy weekend to you all!
+256
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Risk Mgt. is the , patience...!
I remember mentioning a few days ago that valid buy would be 78.6% of that rise at 2109. Well, price has come there. I didn't buy anyway. I am still savouring my profits for the week and month. Monday we jump in again to harvest the profits.

Looking at the daily chart I am not so confident for bulls. I will reassess on Monday.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Reverso
Bulls your day will come, but not now I guess. A close above 1.21381 can be potential Long, downward pressure seems to keep getting challenged. Eventually bears will fold. {image} {image}
Now.. Now someone might complain of protrude of graphic violence against bears
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Play it by beer!!!
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Quoting Theoak
{quote} Get it printed
already washer and dryer are working ...
Always trade your own plan
Quoting JereMi256
{quote} Late update: I closed all positions 2 minutes before the US news, all in profit except one that hit BE during news. My weekly target met, so no trades till monday. The image behind is the last page down, showing last trades before news Happy weekend to you all! +256 {image}
Edited.
Risk Mgt. is the , patience...!
Range time 12130-12120 time to sleep lol
Quoting BeeTogether
Range time 12130-12120 time to sleep lol
Bulls have an upper hand in this. 1.217 has to be reached before the market closes.
Risk Mgt. is the , patience...!
Quoting JereMi256
{quote} Bulls have an upper hand in this. 1.217 has to be reached before the market closes.
Maybe, however the we have dropped below 121 yet. Could be wrong but I think we might see a lower finish
Quoting BeeTogether
{quote} Maybe, however the we have dropped below 121 yet. Could be wrong but I think we might see a lower finish
Very debatable, this bottom is solid till monday. 1.206 is the next bear's near term target early next week.
Risk Mgt. is the , patience...!
Quoting JereMi256
{quote} Very debatable, this bottom is solid till monday. 1.206 is the next bear's near term target early next week.
yeah 1206 needs to be cracked as this week it kept bouncing around it.
The downtrend for GU for today is done. I think the pair will bounce. Fresh shorts might happen from next week.
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Quoting JameRomeo168
{quote} TP 1.21210 hit Possible bullish scenario. Need careful observation before another entry. Hope to catch some pips before the week end {image}

Should I’m full bullish next week?
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