Is it just me or is cable acting random?

No chaos, just regular price action most likely on a higher timeframe.
if you feel chaotic, stay out like you're doing. that's the best thing to do )

Lower GU to come this week. look for a nice swing trade if a retracement comes.

Cable acting random but its time to put the bears to sleep.

Bulls...Goodnight.

hi there,
How do you figure out the reversal area. all charts you posted looks perfect

Personally I rely on the Price Action trading system to know the valid/invalid reversal pattern; but honestly there is nothing like 100% in Forex!

Cable acting random? Its time to teach the short holders a lesson or two. Pump it.

The traders that attempted to manipulate the foreign exchange markets used chatrooms to share information about currency orders and gave themselves macho pseudonyms such as “The players”, “the A team” and “the 3 musketeers”, the UK financial watchdog’s investigation has revealed.
the Financial Conduct Authority published chatroom messages showing how traders worked together to manipulate the benchmark, including “how can I make free money with no fcking heads up” [sic] and “cheers for saying you were same way helped me go early”.
Other messages showed the traders’ fear of being found out: “[don’t] want other numpty’s in mkt to know [about information exchanged within the group] but not only that is he gonna protect us like we protect each other.”
The shared information allowed them to match up orders and align trading strategies at and around the fix. A fix is a benchmark rate based on trades taking place in a given time window; and certain fixings, especially the WM Reuters rate used in calculating key global bond and equity indices, are popular with asset managers who want to trade at the same rate used to value their portfolios.
Foreign exchange dealers usually quote two prices – for buying or selling a particular currency pair – making their money from the spread between the two rates. But banks offering a fixing service guarantee their clients the market mid-rate at this point in time. Traders with big orders to process therefore risk losing a significant amount if the market moves against them in the run-up to the fix – and the incentive to collude and try to make the exchange rate move in their favour is strong.

Citi
The FCA detailed one example of how some traders at Citi were able to manipulate the 1.15pm daily fix of exchange rates by the European Central Bank.
On the day in question, Citi had net buy orders of €200m and would benefit if it was able to move the ECB fix rate upwards.

Traders were able to “build” this order to €542m by using chatrooms to co-ordinate with traders at other firms who transferred their buy orders to Citi.
Furthermore, traders in a chatroom with net orders in the opposite direction to the desired movement at the fix sought to transact before the fix with traders outside the chatroom. The FCA said this practice was commonly referred to as “leaving you with the ammo”, building the volume of orders held by the traders in the chatroom in the desired direction and increasing their potential influence on the fix.
Having netted off its sell order with another party, one trader commented in the chatroom: “U shud be nice and clear to mangle”. The FCA said: “We read the word ‘mangle’ in this context as an attempt to manipulate the fix.”

In the 15 seconds before the ECB fix, Citi placed four buy orders of increasing size and price which were priced at a level above the prevailing offer price. The FCA said Citi’s trading in this case generated a profit of $99,000.
After the fix, traders in the chatroom commented: “impressive”, “lovely” and “cnt teach that”.

HSBC
The FCA gave an example of how on one day it believed HSBC was involved in the manipulation of the 4pm WM/Reuters fix for the sterling-dollar rate. It allegedly colluded with traders from at least three other banks who, like it, were wanting to drive the rate lower.
From transcripts of chatroom conversations, about half an hour before the 4pm fix, a HSBC trader says “Let’s go”. Reply from Firm A: “yeah baby”, then: “hopefuulyl a fe wmore get same way and we can team whack it” [sic].

A trader from Firm D tells the trader from Firm A to “bask the fck out of it”.

Firm A then tells HSBC that a deal has been done with Firm E, which is buying. “Taken him out . . . so shud have iot rid of main buyer for u . . . im stilla seller of 90 . . . gives us a chance” [sic].
HSBC ended up selling £70m between 3.32pm and the start of the fix window. The FCA said these early trades were designed to take advantage of the expected downwards movement in the fix rate following the discussions within the chatroom.
In that time, the rate fell from $1.6044 to $1.6009.
HSBC then sold £311m during the fix window. HSBC and Firms A-C accounted for 63 per cent of the value of sales on the Reuters platform that day. The fix price was eventually $1.6003.
After the fix the traders said the following in the chatroom:
“Nice work gent . . . I don my hat”, “dont mess with our ccy [currency]”, “loved that mate . . . worked lovely . . . pity we coldn’t get it below the 00” and “we need a few more of those for me to get back on track this month”.
HSBC’s profit in this trade was $162,000, the FCA said.
https://www.ft.com/content/47c32ec4-...a-00144feabdc0

In the short term, price action is random.

It might be acting random but it now time for a sell with big lot

Yes there's order in the randomness. TP hit. NFP next