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Cable Update (GBPUSD)

Well, another Wednesday where price flew up. This simply means price should continue to rise. I give up on shorts. I won't buy either. I'll simply switch to another pair until price begins to move in logical fashion here.
Quoting elude
Bought 1.29267 / SL 1.28867 (40 PIPs; .708%) / TP ~ Open
Closed at 1.29683, 41.6 pips gain
Quoting Mitiblotch
Well, another Wednesday where price flew up. This simply means price should continue to rise. I give up on shorts. I won't buy either. I'll simply switch to another pair until price begins to move in logical fashion here.
Their end game is to frustrate sellers to accept their losses and switch to buying at the top. Watch out for gradual selling to 1.2550 area... Deadline dates 22nd to 25th March. Only the patient bears will reap reward.
tomorrow i try to take some out of this
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yes yes yes
Graveyard shift it seems here … let’s see where the Asian session goes
Insane in the Brain..
Quoting Georginson
{quote} Their end game is to frustrate sellers to accept their losses and switch to buying at the top. Watch out for gradual selling to 1.2550 area... Deadline dates 22nd to 25th March. Only the patient bears will reap reward.
Yes, it's strange to me how 2513 monthly pivot was missed.
Only trade I'm adding to my running trades, short GJ, targeting 189.800 - I'm aiming for TP1 at the SMA200
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#Say something verifiable by subsequent events
Long GBPCAD, target 1.87370
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According to the strength meter and confirmation of a recent structure break on a super trendy market as it's very bullish, I anticipate GBP/USD to skyrocket or buy. maybe it will rise 30 to 50 pips from the current entry price.
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Quoting Georginson
{quote} Their end game is to frustrate sellers to accept their losses and switch to buying at the top. Watch out for gradual selling to 1.2550 area... Deadline dates 22nd to 25th March. Only the patient bears will reap reward.
I agree with you. Sellers needs to be extra patient. This is the most technical aspect in trading. A mastery of the turnaround point and precise target.

I wish there is an easier way to give revelation ...
Market Structure is the King.....
I do not intend to re-enter Gold once TP target 2955.00 hits.
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yes yes yes
pound weakness.

i will look for short setups at higher levels.
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GJ, took partial profits at 191.300 for 160pips. 1 position still running.
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Quoting Moty
tomorrow i try to take some out of this {image}
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yes yes yes
GU long still held with US data due later today could show us a new yearly high.
Insane in the Brain..
Quoting Moty
{image}

Moty, check the M15 chart, if price continues to find support at the SMA200, you don't want to be short.
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yes yes yes
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Longed here now. . . SL at 40 as shown. . .

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