Cable Update (GBPUSD)

Spike above 2300 possible when London opens.

I am off from trading in asia... with a small profit.

Feels like we can go up to 1.237
But need to wait for momentum.

GU will sell 100pips today be careful guys.

The pair under consideration is also declining. The pound, like the euro, cannot make a long march, limiting itself to short bursts of activity. The current situation is an opportunity to change this trend, but buyers need to be persistent. So far, the observed decline is considered as a corrective decline, which may take the form of a simple zigzag.


Growth and updating of the current local maximum will indicate further development of the upward impulse in which wave 3 is formed. In this situation it will be possible to open buy trades.
Investment idea: buy 1.2430, stop loss 1.2400, take profit 1.2750.

hi guys

When you have a strong strategy to give you a valid and reliable signal, you will get good profits with the right risk and maybe more. Even when important news is going to be announced.

regards

usdx update pa probable

https://www.forexfactory.com/thread/...5#post14646735

gbpusd , same as before , as 2276 broken , limit test expecting with or without breaks to bounce

price dropped below 1.2276 yesterday, this may open path to 1.2218 in many hours to come before meaningful support may be found.

Breakevened.

At the risk of changing bias again.. I think buys are over now. Given equities made a pump yesterday and GU stalled. Post FOMC week is always tough. Watching above yesterdays NY high to see if bulls fail, if they get that far. Yesterdays point of control is 1.23. So i'm watching region 1.23-1.2320 to see if theres a sell.

I guess it will go up first, maybe above 2300 and then probably down again after LO.

Cabke currently short tp 1.22550. Long at tp

Expecting a spike up …. Before any down move … just the gut feeling….

gj


dx i think the mf want to close the gap

1.2307 imo is a must

no gap on my chart but the probability still there

2hrs before speech..

classic stop and reverse limit orders from yesterday have been taken

GU: H4
Trend bias is Bear but my chart says bull, that's why I don't take any position from yesterday.
I will wait till next 4H open.
* When 50% Fibo appear above/below on a TL/SR/SRF Zone, It's a very good signal.
That's why I am confused and waiting.

my view was we could see the price move to levels of (106.670)
in the same correction pattern we've been seeing the dollar move through, we could also eventually see it break through to the fourth quarter
and we could see the rally continue bullish
and if this assertive probability is true then we will continue to see XXXUSD pairs crash to dust