Cable Update (GBPUSD)

A good interview from yesterday.

"Risk management isn't just part of trading;
it is Trading".

G/M, a 3rd consecutive bearish dly candle y/day, this one < 30day adr. Y/day's lo came @ bottom of that aforementioned 3 fib cluster that runs 3270-60 - this again in that wide 4hr part of a prev 1hr/4hr/dly sw lo zone = prev supp = pot supp that runs down to last wk's 3233 lo., (a 6th 4hr test and hold as supp of it.) So far today no b/o of the Asian hi or lo yet, in fact Asian session was all up. Asian/current dly hi @ a fib cluster. Quite a few fib clusters to the upside.

1hr below

Bear Gang

Sell Entry @ 1.33200 sl 30 Tp 1.31956

...
* Dly is still in a general uptrend, and price after the p/back from it's last H @ 3444 (after the LH @ 3349,) is still above the last HL @ 3233, on that t/f.
* 4hr is rangy overall, (most recently bearish in that range,) probably 3422-3233 the range extremes,? with this wk's 3444 hi a false 1st upside b/o of that range.
* 1hr is in a general downtrend.

4hr below

A BULL trap and NOT boarding it, BEAR have not met the tradition GOLDEN rule yet " sell high" above the proxies equilibrium, but watching them closely

ty mister gj

...price @ the last lo has met 61.8% of the y/day lo - asian/current dly hi move and met some demand there. Still no Asian hi or lo b/o yet this London session.

1hr below

...last day of trading week and below is how the wkly candle looks right now...it will probably not close like that, but you never know. Stranger things have happened,

wkly below

...actually I miscounted, (I didn't notice No.3,) so price has found support in the wide 4hr part of the prev 1hr/4hr/dly sw lo zone = prev supp = pot supp that runs down to last wk's 3233 lo, after dropping into it from above it, 7 times now. It's been a strong support zone but how much demand can be left in it?
Price has dropped into it again from asian/current dly hi, but how much demand can be left in it? Sufficient for it to exit it to the upside again?

4hr below

Now where at that lovely part where you can't really tell which is the pullback, and what is the start of the trend.

...U.s NFP later. The biggest reaction might be in the event of a poor headline #, and increase in un-emp rate?
---------------------------------

1hr below

long uj

short gu

Ok. TG=A+(A-B).

Sorry. yes it is AUDUSD you are right. Typing Mistake. Actual chart is AUDUSD which i posted.

... 3 x HL's on 1hr now, and last candle close on that t/f a bullish engulf - may be encouraging to the longer-term bulls? Main intraday move so far is up.

What does Institutional are doing on 5min TF of EURUSD? Are they grabbing Buy Stop liquidity above B and targeting to all the way to low at A?
My view is Sell Limit above B and TG=bid price touch to low at A.
SELL LIMIT at or above B, TG=bid price touch to low at A, What is your idea please share it.

I haven’t followed the values today so I can still answer the main question. I give bulls more chance above 0,64

Holding GU long at 13295 not long till NFP if red this could take us up to yesterdays highs

Data overall seems mixed.. NFP green others in red.. makes. The day a slow one I guess

maybe the bears might take the lead