Cable Update (GBPUSD)

this closed 40p

nice hunt
Closed

adding shorts at this spike GU

have a feeling we could see a move to the days opening area by cob

After the bull run price broke the Sunday open level to the downside and now is retesting it. Looking strong, if we get another 15M closure bellow this level I can see a run to 1.2700.

No doubt you are going to lose all your money so risk what you can afford to lose and take what is bigger than your risk from the market

I tell you eur going down h1 set up, maybe now GU can do 12780-800.if no,i m affraid it going together with eur. it can go again 1.27. eur all is ok,eur 1 h down,gu no down yet. and one thing gu arrow down on daily , it means around 1.28 daily goes down soon.can be 128200 even 300,but no 1.29.h1 no down yet gbusd , but eur 1 h down. decide what to do with 1 h.better buy near 1.27
gu daily can go 1.25 around.after up.only my idea.from here to 1.25 after .taget if look bands daily 1.28700.but arrow down. 1.27500 if it holds under, many days we go to 1.25.

Well with just moments away until the end of the race, no one was actually able to make it across the finish line. UCAD is going for a last dash, but he wont make it this week. So I'm gonna hop of here so that I'm flat over the weekend with a casual 10:1 R:R. It was a great race, with all parties selling off the dollar!

As you can see, I didn't get in on my first attempt, being stopped out with a tight 5 pip stop. Then I waited patiently another 3 hours. And then... we were off!

Have a great weekend everyone. Its a super sunny morning here in Japan, looking forward to going outside!

haha thanks Mtako, I have my moments

"What's with all dem negative waves Moriarty"

i'm lost buddy

hes making a joke...you have to be older than 20 and like war movies to get it LOL

A chart!!!!!

I have one long with TP around 1.27700

Based on my experience and knowledge GU is building one more leg to goes up but EU looks bearish.

If it is SMT Divergence, we might see GU has one more push up while EU might not and after that, both of them will drop.

I will consider to close on early Monday market open but confirmation is needed because it is not easy to find a trade for me.

Based on my analysis on M30 reversed chart, GU is stuck between suspicious rebalance zone and suspicious orderblock zone.

I will close my trade when neither it failed to break suspicious orderblock zone nor failed to hold suspicious rebalance zone.

Have a nice weekend everyone.

Sorry couldn't bare it anymore 13 hrs GU update without a post...

The week just closed leaves a mixed picture across the 'significant' t/f's, but all in their own way are exhibiting bullishness (to varying degrees) more than anything, as of the week's close:

* Mthly candle (99% of 6mth amr) closed as a bullish engulfing of the previous hammer-esq type candle on that t/f, 2300 now becoming a fractal swing L after the LH @ 2519, and H @ 2893. This t/f is ranging, but with the close of this May's bullish engulfing candle probably looks more bullish than bearish right now?
* Wkly Small range (70% of 13wk awr) candle closes as a neutral doji-esq candle after 2 x bullish previous candles on the t/f. This t/f (like the Mthly) is probably ranging as of the week's close,? but is recently more bullish than bearish off that 2300 lo. One could argue that there had been a 1st false upside b/o of the multi-week 2828-2519 range (to 2893) then a false 1st downside b/o of it to 2300 before the move back up inside it to the week just closed's hi of 2801. HL (2575,) LH (2709,) L (2300,) LH (2634,) and what will be a H when it forms fractally @ 2801 or above are the last few fractal prints on this t/f.
* Fri's Dly candle closed bullishly but with long upper and lower wicks. It was a slight upside follow-thru on Thurs's bullish piercing pattern close on this t/f. The t/f remains in a 'general uptrend' as of Friday's close, with Thurs's 2681 lo now becoming a 2nd consecutive HL after the 3rd consecutive HH @ the week's 2801 uptrend hi.
* 4Hr is rangy/consolidative in an overall messy general uptrend? It's last candle close was a bullish piercing pattern.

The charts below show the prevailing potential supp/res/sbr/rbs factors on each t/f. As for what will happen next week - I have no idea - What will be will be. I just play the hi-probability set-ups as they come along, so don't have to worry about it, - so that worked out well! It's just price action, supp/res, and probabilities. Simple as that. A wiser trader that me once said '...don't worry about what is going to happen next, worry about what you are going to do when it does...'

Mthly, Wkly, Dly, and 4Hr, below.

Yes, next week will be interesting. Looking forward to TAT (Turn Around Tuesday) and confirmation to short the indices and anything else that looks good to go. Volatile session Friday, end of month capital inflows. Usually lasts 2 days (so Friday and Monday, then reversal). Have some position trades, long swissy pairs. Going to depend on what the bond market does with the nasty US data. Perhaps the penny is dropping that US Fed is more likely to hike than to hold or cut later in the year. Impact on market - will be pricing it in with each new set of ugly data numbers. Going to be a fun week.

GU is once again wrestling with the 61.8 fib and 200 ema (red) sitting on price, with 200sma (purple) supporting price. Hi probability set-ups are my fav. 80% or better.

checking pa , after evening star it still in pure bull territory , at least over 2669 and hold .may try test further up 2786 or even ignore star , up over 2802 as undone to 2860 ok but likely not hold and next likely tank . so a good turmoils / spikely possible still as a chance .
while usdx still testing daily weekly tl . may further correct down to have a good turmoils / spike down to better up possible !
so next week can be functions of spikes up and down , may not great win any side ! if win may correction down continue ! as usdx may start bounce at this present state , without correction down further ! lets see and take care till better signal and confirmation to have a working swing!!