Cable Update (GBPUSD)

...the 4hr, and 1hr, (4hr in particular) general downtrends are still intact, and there will be a 1st LL on dly @ y/day's lo or lower, when it forms fractally. 1st downside b/o of last wk's lo was false.

4hr with 10/20/40 ema crosses graphic below

Exited at 1.2862.. +53 pips.

...price challenging y/day pullback hi / Asian hi-current dly hi pot res zone (s,) dropping down to a prev 30min sw hi zone = pot rbs.

1hr below

1.29155 being sighted bulls gearing up support for cross of 1.287ish buy limit placed at 1.28500

Congrats Georginson, back on the winning team

When you've been smashed a couple of times it's so easy for it to become your reality

...I am guessing that there is some bullish hidden div @ y/day's lo on a t/f below dly but above 4hr, probably 12hr or above. ( Not one I use, and on MT4 - so would have to generate an offline chart.) Anyways, price found support @ bottom of that prev dly/minor wkly sw hi zone = pot rbs that began @ 2860 in a 3 fib cluster (did I mention the 3 fib cluster,? [only 2 shown on chart below.] ) Of course it could develop on dly t/f with any dip lower below y/day's lo. I have it on one osc but not both yet, on that t/f.

Will there be an upside follow-thru on y/day's dly candle?

Posts like this show that's it a slow day so far!

Dly below

GBP/AUD.
correlation is already pushing the limits.
we'll see.

I am long in GU with stop 2948.

Infact stop at 2850 still better.

Why ??? bias is to short

1.2838 then can be a chance to go long

Long again, with stop 2840

no, buying under last low minimum, I wanna see 2770 before click buy

Deep pullbacks give me the shits actually, I find it difficult these days to buy back in after the pullback, seems like I'm now buying while price is still falling. Thinking this is machine learning that has worked out where traders are going to buy again to stop them out

GU:H1
Only Sell

Unable to hold at top , and rebuild bounce to bull should be tough ! Anyway making a space to absorb possible shakeout next news time! So price below 2822 , bottom test to retry !

i think this is the place where we can c long opportunity

Long @ 1.2831 SL: 1.2818

12830 holding off so far