Cable Update (GBPUSD)

Quoting W0lfram

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{quote} {quote} Got a retrace and even bullish close. 1.2345 - Jan VAH Greetings to the retarded to the filth Unter... folks, who belittle those who publish statistics and objective methods. Tomorrow close < 1.23? ~7% {image} The next candle after one we had today (long wick, 0 < close < 50 pips). Spike at 25-50 bin. Overall seems like 'hammer' or whatever is 50/50 pattern, like other patterns. {image}

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Quoting trumps

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{quote} Actually, my money would be on 2430 for a bearish reversal if I wasn't already short

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Quoting trumps

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{quote} This selling at the bottom strategy I've been reading about, I feel like I'm missing something It doesn't seem to work as well as selling high up.... On a more positive note, we are rapidly approaching 2360 area resistance. {image}

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Quoting teprewitt23

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{quote} agree with your sentiment EU 1.0479 GU 1.2477

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Quoting fontu

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testing first confirmation at 2313 , waiting for breaks and hold for 2nd confirmation 2228 , if so then extension 4 down at 2197 likely too also waiting signal from eurusd breaks and hold 0410 and 00 Update: may be enough today , still waiting 2312 / actually 2300 breaks hold ! {image} {image} {image}

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Quoting Pat Chiko

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{quote} {image} P/S some hand written note.

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Quoting RoelsMajor

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Long GU Initial Risk one unit 43 pips (0,71%) Initial Target 3x (129 pips) Wish me luck! {image} {image}

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Quoting Fardeen1209

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{quote} Hi bro, Saw this setup in Nikkei, Could it be something that can be banked on? {image} What i read couple days ago, is that the 25bps rate hike is well discounted in present value, and BOj is said to deliver a 'Dovish Hike.' So Green setup is, rate hike with Ueda Dovish and Eco outlook dont have major changes. Red Setup, No rate hike in Jan, then by March, based on possibility for Universal Trump Tariffs to be in effect by Feb, couple with the already struggling JAP economy, plus the rate hike in march, may weighs on...

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Quoting Dutchy3

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{quote} GBP on a slower TF may indicate reasons to be specifically LONG ....{image}

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Quoting RoelsMajor

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Long GU Initial Risk one unit 43 pips (0,71%) Initial Target 3x (129 pips) Wish me luck! {image} {image}

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Quoting Dutchy3

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{quote} GBP prior to London could be taking out LONG SL liquidity. Accumulating for D1 view LONG{image}

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Quoting Fardeen1209

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{quote} Nice scalping setup, same with mine, even tho i stopped trading GU, long time ago {image} Swing failure BO/RT.

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