Cable Update (GBPUSD)

Morning all...

Gold short tp 1903

27960 2nd short

Tempted to short but I'll be patient and wait for open.

checking pa . 2 resistances to interact now 2170/76, waiting for reactions ! take care
bo possible 2157/49 breaks and hold as earliest confirmation

I appreciate that this is the GBPUSD thread, but you will probably find the NZDUSD sentiment on FF more interesting!

Valid setup


Always use SL, to manage Risk

the system is here
can win 120 $ can loss 20-60 $

entry pending orders 1.21550, 121450,1.21350
tp 1.21250
sl of each position 10 pips
if stopped will put pending order again

In a week packed with news concerning most of the majors, the British Pound might look for possible gains towards 1.22500 which also happens to be the 61.8 fibo retracement of the recent leg where the price could either face resistance and continue its downtrend wave or it could breakthrough to the upside and aim towards 1.23333.

And for good reason. Long tern long position

Moty with such odds it’s not worth taking a position. As someone told me recently the winning is in the buying and selling only.

Gbpusd tp 1.21850. Short at tp

No short signal frm my side yet.

In long- 1.2168

Tp- 1.2250

Sl-1.2150

Where would you put your SL on this setup?

Entered long AU, just before I saw your post was going through the pairs. Monthly losing selling volume, also possibly 0.6170 next support.

E. and BP 5' --- Short already in E. and a pending to add,,,,,,,,,,,,

In BP a pending to sell on stop , as shown .

It depends on the setup
In this setup we have an Unmitigated 30mins Supply with FVG and 0.5% Fib- indicating $$$ (or someone else setup to trade)- this is the maximum i will allow myself to go in DD. A close above the 30mins Supply zone(my invalidation level), i'll no longer interested in holding the shorts, as Risk to reward falls, it becomes unattractive and engaging margin



Or
2 times 1hr ATR (if no unmitigated level is present above/below my entry point)

terrible PA

Long euro and pound are working well.