Cable Update (GBPUSD)

Quoting Mitiblotch

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{quote} You have a great point. However, yesterday the same scenario played out. EU kept stalling and when it kicked in this one took a tumble. I just scalped a long here now at 1813, but I am waiting for a dip below 1800 for a little addition. Monday is when I look to make profit. I usually don't make the mistake I made today. Asia sold and the direction was set by that. But the desire to sell higher got me. Been a while I made a net loss in a day.

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Quoting Chris_35

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{quote} I have 1.1768 as my support line drawn from March 2020 but I am also on S3 at 1.1714 as S3 is actually 1.1712

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Quoting BeeTogether

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{quote} i wish I did the same lol… there’s no fuel in the tank for the hammer or rockets today. In fact the hammer although looking a bit worn is still knocking down the pair better than any increase from the rockets

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Quoting navk

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{quote} I would suggest you not to follow aggresive traders in this thread.. Some of their entries may be even fake. On a dead friday close, I would not be touching to trade either long or short. There will be opportunities. Next week, next month, next day. Not to worry. No need to venture on a Friday evening. You can always miss a trading opportunity ( technically ) on a friday evening. Nothing wrong.

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Quoting BeeTogether

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{quote} i hear ya. Tell you truth I have a long at 12010 which is deep under water right now. A retrace to 119-11950 would meant I’m still in profit for the week. As we’ve not even had a trickle up I’m leaving this running over the weekend and see if we have an upswing. I don’t think 121 is on the cards for a while especially with the nonsense of the Tory party leadership contest. But if we do go up to those areas I will look to take the hit and continue with the trading to where ever the trend is. Naturally that means if there is a strong bullish...

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Quoting BeeTogether

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{quote} i hear ya. Tell you truth I have a long at 12010 which is deep under water right now. A retrace to 119-11950 would meant I’m still in profit for the week. As we’ve not even had a trickle up I’m leaving this running over the weekend and see if we have an upswing. I don’t think 121 is on the cards for a while especially with the nonsense of the Tory party leadership contest. But if we do go up to those areas I will look to take the hit and continue with the trading to where ever the trend is. Naturally that means if there is a strong bullish...

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Quoting Headland

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...140 pips traveled today so far hi-lo (30day adr = 127.) 1hr below {image}

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Quoting ForexGoose

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{quote} my next bearish target is 1.176 and if that breaks, then it is going to 1.146 quickly {image} {image}

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Quoting navk

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I do not see even 1 minute support. After formation of support + immediate resistance break is the confirmed one. {image}

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Quoting BeeTogether

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{quote} Crazy considering we’ve not had any big red sticker data today! I was expecting a retrace to 11950 this afternoon. But it seems the bulls have just whimpered out

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Quoting donfriday

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my view double bottom or 1.15 {image}

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