Cable Update (GBPUSD)

Short from 1.1515 … no buyers in market and it’s Friday, lot of longs taken during the week will close their trades today.

Will short around 1.1530-40
for 1.1480

See the above . And the sneeeky part was my entry and look right the stop hunt lol but I am wise to it

I should have waited for this price..

Wait I think pull back . Might play it long but tight to the curve stop be as soon if it happens

i am out , waiting for the next signal
price is below daily open and pivot , only short trade for me

115 acting like support for time being. It is a psychological area anyway so not surprising

Good observation

GU

Maybe she want to play ranges today.

Attached Image (click to enlarge)

GBP/USD remains above key support at 1.1500, which supports the possibility of a continuation of the pair’s bullish trend on the day and in the short term, with next targets at 1.1700 and 1.1855.

+45 pips profit. Only look for shorts because of the monthly 10Y interest rate differential in GBP/USD.

entry level and a good place to to my 6 trades pp

Largest volume of session both times just past 61.8 retracement.

Always possible it will break but still waiting for highest probability long entry. Need sellers to dry up and buyers to start feeling confident. Possible one more retest, Smart money could sell off position suddenly if they feel it was a bad trade.

Also very close to another S/R zone which could cause a bounce.

in again
24 / 50 $
l/w trade

reduced lot size for pce news

I'am often wrong...

Still not obvious what it's going to do today. Looking for a trap - bull or bear, but not certain where it is.
Top side could be a valid bull trap if price doesn't do a 180 from this current drop.

Price broke 30min structure, now waiting for retest to confirm reversal on 30min.

No supply area forming here.

The no demand areas are supported by low volume, the no supply areas are supported by high volume. I'd prefer to trade with high order/Bank banking then retail.

Im inline with you, for me cable has found a top (temporary) before engaging into 1.181... 1.137 is a gravitational crucial

Not sure if I miss things or just don't understand as people go long and short around me. Personally I've a negative bias based on daily DTL but I've got no idea where this is going so just waiting for PA to show me hint off of local S&D zones.