Cable Update (GBPUSD)
Last hourly candle is almost bearish Unfulfilling The high of it is lower by 0.2 pips from the previous {image}
{image} H1 Price is ranging since 3 days or more and will be in this week. Smaller time frames, might show some trend, but in Ranging market, smaller trend reversal are so frequent. We expect Breakout, but that becomes reversal. This happens in Ranging Market. What I mean is be careful, Tight SL hits frequently in such a situation. I personally use stop loss out side that range, that is hard to hit in such a situation. Regards Kashif
Im not sure if i correctly placed 4H trendline... but After some strong bearish momentum i have observed: 1.Dying bearish pressure( near 4H trendline) 2.Support and range Im expecting to see:Before the price heads down to a 50% Discount 1. Break of structure 2. Break of correction 3.Bullish Liquidity grab Plz correct me if im wrong, you could save me from losing money {image}
{quote} Monthly view. GU @ monthly MA and already diverging, to change direction to downside, we should see another leg up to form LH(lower high) before breaking current low. the problem is, for the next few weeks, diverging and OS/OB indi's will not be reliable for the lack of liquidity, so it's best to wait for DOW readings. {image} cheers,
