Cable Update (GBPUSD)

Took profit it’s dithering which means it could also tank. Maybe GJ for a short next

GJ short at 18965 TP 189

...drilling down into pot upside obstacles from current price - see 1hr chart below.
Y/day's hi was as mentioned a 1st test on the 4hr/dly part of the prev 1hr/4hr/dly sw hi zone = prev res x1 (now,) = pot res that extends up to 2728. 'Other' pot res factors above y/day's hi are per graphic below. Presently the DP and 38.2% of y/day hi - current dly lo move causing some problems for the bulls.
Price isn't a million miles away from the 50% of the total 3434-2100 fall move, and the Yrly Pivot.

1hr, then pot res factors graphic below

Took partial profit of 60pips on GJ long from yesterday, the rest still running. This was a case of, knock long enough, and eventually the door will open.

Yes yes yes

CABLE

weak rocket.
Need to pass the Daily supply zone,
or price may want to go for the next LQ zone in iFVG

Will reverse position on H1 confirmation.
Dont want to be on the wrong syed of the market.

Same, although keeping my partials & TPs small given G20 wk, and moving my SL to BE once the partial is taken

Currently, price looks like it's jumping between yesterdays opening gap and todays ...

P.S Can't believe you guys let the Bitters back into it last night

Took second set of partials at this level for 87pips, one still running. I'm out, until tomorrow all. Trade safe

...asian lo/current dly lo becomes a fractal swing lo on 4hr too now. 5min rising tri breaks to upside.

5min below

Bullish month for GU

Hi, looking that way, but a candle ain't a candle till it's closed!
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...price still below last wk's 2678 hi after the 2nd failed upside b/o y/day. 1st uspide b/o of the 5min rising tri failed, and price still in the asian pip range yet with no b/o either way, this in the y/day lo-hi pip range.

beautiful tripet on gbpchf

add short 1.2675

GJ trade not working out so far however one thing I have seen with the Yen pairs is they have a habit of giving up their gains

What TF do you use, and where do you plan to hit TP?

...price dropped to the bottom of a prev 30min (once disrespected as pot rbs) sw hi zone, & top of a prev 30min sw lo zone = pot supp to find some buyside liquidity for the last little move up.

Asian hi / 50% of the y/day hi-current dly lo move next?

1hr below

And so it proved to be. That as yet untested prev1hr/minor 4hr sw hi zone = pot res that leads up to y/day's 2716 hi is wide on 1hr and 4hr. Of course that 2716 hi is a 1st test and hold as res on the prev 4hr/dly sw hi zone = prev res x 1 = pot res that extends up to 2728/29.

3rd upside b/o of last wk's 2678 hi, and 1st upside b/o of today's asian hi now.

1hr below

...probably tripped some buy stops as liquidity for the sells above the asian hi and those 2 x prev sw hi zones shown on 1hr chart above. Met supply there and just into 4hr part of the prev 1hr/4hr sw hi zone = prev res = pot res that runs up to y/day's 2716 hi.

Like most 1st b/o's the 1st upside b/o of asian hi proves false too.

Yesterday could have been a rejection of the 200EMA on the daily. It's been an extremely bullish month with tomorrow being the last day of it, as well as the weekly candle. Swing traders might be closing positions.