Cable Update (GBPUSD)

Sold 1.2359

Top failure reconfirmed and so waiting for 1st early confirmation 3205 of failure !
Eurusd this lagged behind , still to reconfirm 1245 and hold

anyway 3250 breaks down and hold should most important around this areas !

Sell GBP/USD at 1,3240.
No SL and TP.

TP: 1.31700

We should go down between now and Friday.

went Long at 1.32446 tp 1.33446 sl 20pips

ps will close if 4hr close was to stay under entry price

A zone that has no past pain… don’t expect it to give a nice rejection unless.....
someone fights for it...,

The money is short dollar. Closing here for the day. Still open GU and EU long positions running into end of the week.

YOur stop loss must have been hit.

My TP is at 1.31700

My analysis said I should sell from 1.328 to TP at 1.317

GAve this clue earlier

Some Bulls will get really trapped soon

New entry, long GBPCAD, target 1.85700

Those are my short positions
AU entry price 0.638, TP: 0.62878
GU will get to 1.317 at least.

The fundamentals can create the impression, but at the end of the day, technicals are marked at some point by the market makers. The whole news doesn't favour the USD, but technicals will favour the USD to a point before trend continuation.

TUning in to Madrid Vs Arsenal.

This set up should hit this week. Possibly to tomorrow or next. My stop loss is at 1.33050

Enjoy!

If I'm you, I'll double check my analysis on both pairs.

GJ, first target reached, closing here for 140p

Nice move on GCAD .... clean setup.
As for GU, theres rejection showing, but the movement is slow and comnpress
Meanwhile, DXY is still in a drop momentum
but according my quant direction(no accuracy at all) GBP vs USD is bearish
but it doesn't means change the whole trends..maybe just a correction or etc..

Lets say GU has already found its defense zone, while DXY hasn’t yet .. that could lead to some consolidation on GU,
or what they call a rally base drop setup
Either way, stay prepared ... anything can happen beyond expectations

what price did u enter?

100 pips range for most major pairs.

Eu and Gu - uptrend at 4 hr

Yen pairs - downtrend at 4 hr

I will stick to this bias and look for setups. Multiple entries and patience highly likely for this ranging price action.

Checking pa , waiting 3200 breaks and hold for Correction if start !!
And if start a correction it should be minimum 3032 to bottom play
And daily challenge can be the 3090 breaks

Eurusd broken up but not enough out without minimum correction , anyway still did not secure any bull at this top yet , so pullback likely before bull back try later of failure should be for proper correction down further , !

Usdx , tanking ok but around a great support as well and hold so far , so correct minimum likely at least to more even possible ! So correct minimum to over 100 again and hold!!

update : gbpusd 3200 test time , may bounce for a lst time , breaks and back possible ext. 4 at 3195 to 3189 bounce , similarly 1337 for eurusd , anyway support zone , bull may not like this breaks easily !take care

update : watching 3225 signal for bottom test and low if next ! waiting
retest and breaks 3224 and 19 this times needed !