Cable Update (GBPUSD)

It seems Liquidity Hunt.

G/M, Probably and technically, an unsurprising down move y/day after last week's wkly pinbar close? Current dly lo just into the top of the dly part of the prev 1hr/4hr/minor dly sw lo zone = prev supp = pot supp/longer term 23.6% fib, the former that extends down to last week's 2263 lo. Could see more demand emerge if tested deeper into it. The pullback has hit it's head at a prev 1hr sw2 lo zone = prev supp = pot sbr.

Dly then 1hr, below

Everytime somebody tries to jump in.

it can either be liquidity to take out or add an order

thats an High and it means buyers are coming should we get higher high it means the change of trend is confirmed.

when are buyers coming it possible for liquidity to remove the weak buyers keeping stops at the bottom currently?

Resistance @ 1.2330

1.2343 - 1.2382 is Resistance or Could be a Sideways move.

1.2310 is engulfing on Hourly and should be a sign that Sell continues.

...there is a repeating pattern of bearish hidden div on 5min @ the current p/back hi...that prev 1hr sw lo zone = prev supp = pot sbr there extends to circa 2337. Potential for 10/15min bearish hidden div on any deeper p/back re 1hr downtrend. 4hr rangy right now.

5min below

GBPUSD trade that i posted from 2394 doing extremely well, ideal entry was after the structure break and back to the retest @ 2428 but i was too slow.

However interesting with Dxy on 4H we had an ABC correction then the push down and now there is a MMs favourite pattern the good old QM ,wykoff or exp flat, so the drive up to retest the prior breakdown is in progress, that is very good or bad depending which way your GBPUSD trade is, but if your short it is very good for the drop down to 2100.

buy - 1.2313

... 4hr probably shows the most immediate near-term potential support zones best...initially to 2262-last week's lo, then to 2253. Price @ current dly lo just at top of the former.

4hr below

still not convinced that we going straight down, i expect a 100 pip plus spike up

Let's see if the GU will go to 1.2550 or 1.27 how some members posted.

PATIENCE is the key.

been a 20hr day takin a break...

We just arrived our first key level 1.2300 we wait for price action to see if we can break below then go add more short and head to next zone (between 1.22555/1.22429)


our final objective is at 1.21550…. There is a market shift from bear to bull on the monthly Tf.. we are just pulling back.

All my analysis are from the monthly time frame.

I am sure it will, the question is when?

...current dly lo remains intact for now after a retest. 53% of 119pip current 30day adr traveled so far today.

1hr below

The time is now, buying the MA200- H1.