Cable Update (GBPUSD)

It is Friday so London and Euro traders heading home for the weekend....

whats the best way to bet soccer... i never have since that dumb draw bet so looks like a loser deal

Exited my longs in E. here now and thinking of reversing.......................

next, 1.3150

...so, price did make it up to the 4hr part of the prev 4hr/dly sw hi zone that extends up to 2995, = pot res, after the U.s data. Looks like there were insufficient sell limit/resting orders there to cause much of a downward move so far, perhaps they are right @ the top of the zone if they exist at all? Probably some buy stops above it too? Some market orders doubtless jumped on the band-wagon too looking for a downside move from that pot res.

4hr (with 10/20/40 ema crosses graphic) below.

On bringatrailerdotcom this beast was bid to 102,000 but failed to make the reserve.
Swapped out the V8 and installed a Dodge Viper V10 rated at 500hp but then put a supercharger on it......insane lol
No longer a muscle car, drives like a race car now.....the engineering is awesome
https://bringatrailer.com/listing/1969-plymouth-gtx-33/

* A few hours to go before the day's/week's close and it is very probable that today's dly, and the wkly candle will close very bullishly if not as bullish thrust candles.
* Although wkly is not trending yet (classically or generally,) there is strong recent bullishness and a 1st HH will be the next fractal print above the 1st H @ 2860 on that t/f. The dly t/f has reentered a general uptrend. 3 consecutive > 30day adr days leading to today, and 2 consecutive > 13week (1/4 year) awr weeks now. (Price so far this month has traveled 127% of 6mth amr.)
* 1Hr and 4Hr will very likely close the week out in general uptrends too.
(analysis re trends/ranges per 3 candle fractal swing analysis.)

Wkly then Dly below

didnt trade my own setup was rather thinking i could get 1,25 to buy ..


unto the next waiting for holiday to be over next riide is sell for me

to me 3000 to 200 pips down first

The conservatives betrayed the landslide mandate of 2019, therefore the vote was split in many seats that would have gone to the right. Labour did not win.
No Reform party = No Labour win.

there you have it, a bullish close, as forecast, using simple logic

Gbpusd is still on an up trend in the weekly time frame

could be right there, might have an overshoot too. Way I’m looking at it, nothing in technical to warrant a high nothing in data, however, when we all talk about grabbing liquidity it looks as if we are seeing a bubble that could explode. Next week is a data packed week. Whilst we have seen that the data doesn’t always change the PA it the amount of data could. 128 in my opinion could be max we see. Whilst it may go lower 128 was a magnet earlier this week and it could act like RBS area. Above 128 there is no upper unless we it goes to over the 1.4 area like we had a few years ago.

Watching Starmer at the Nato conference he does have the air about him of someone who could get the job done but if he panders to the communists in his party then nothing will get done and Britain will go keep going backwards.
All these idiots have got the whole world believing there is a climate crisis and were all going to die failing to mention the world started heating up again in 1875 so clearly a natural cycle.
This was the headline from the Daily Mail:

'England will be scorching for Euro 2024 final as temperatures hit 24C'

What a fucking joke, 24 degress celcius is a beautiful summers day and in Australia we have many 24C days before it's even summer!!
This is the garbage the lefties are brainwashing the public with so they hand over all decisions to a bunch of morons not realising the scam perpetrated on them.
Just the other day 'Yarra Council' a hard left bunch of idiots in Melbourne issued a statement to the people in their area of influence to consume a plant based diet to 'save the planet' but at that very meeting theses councilors were all feasting on roast meats. I kid you not.....
The people telling you to consume less are flying around the globe producing 100 lifetimes of CO2 each, then telling everyone else to consume less while they enjoy a very privileged life, anyone who believes this wake up and smell the hypocrisy!!!


Why I'm saying all this because it goes directly to the heart of the problem all western countries are facing, there are a bunch of lunatics trying to make you feel terrible just for existing.
Funny I never see any of the Bat Shit Crazies practising Self Reduction to 'save the planet' but they'll tell you your worthless and should die!
There are many people saying this is the end of The West, maybe it is and were just going thru death throws. We've had a good run of 700 years.

But while The West continues to disintegrate my tradings been going well this July, averaging $146.90aussies per day for the 10 trading days but as Mark Hanna says need to pump those numbers up

And no not talking about choking the Chicken

The weekly chart says otherwise and in another post I said if this breaks 1.3144, July 2023 high then the Cable bear market is over IMO

https://www.tiktok.com/find/futtertaxi

This is hilarious
https://www.tiktok.com/@andys_futter...78500484599073

very good, matches with my pattern

with my too, Gold will deep to under 2300

My w/e analysis above refers.

The Wkly and Dly bullish thrust candles closed within 5pips of their hi's (shaven heads,?) ...whatever, very bullish candle closes on those t/f's. Wkly t/f is recently v.bullish (although maybe not actually trending upwards yet,?) Dly, 4hr, and 1hr are in 'general' uptrends, as of the week's close. That is where we are re these t/f's. It is a bullish scenario.

Of course the wk's and current mthly/yrly hi came near top of a prev 4hr/dly sw hi zone that extends to 2995, = pot res, so there may be more resistance there or indeed price could just shoot straight thru it to the upside. I am sure though that there will be many waiting for a short - ie a sizeable p/back at least, after such a strong run up.

Interesting PA in the post U.s data period (after the 2991 dly hi) thru to the close y/day. Essentially a 10pip channel (as shown on 5min chart below,) for over 6hrs.

5min below