Cable Update (GBPUSD)

Quoting Guy1969

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From here, expect heavy dollar outflows.

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Quoting carbonmimeti

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update geometry point of view 5 min chart {image}

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Quoting Marbas

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To be honest the data came out pretty good for the dollar. Inflation is more or less stable, and it hasn't risen despite the tariffs. This reduces fears of stagflation in the US. Also in combination with a decent NFP, I think this is a good combo that only works in the dollar's favor. Now the market will cool down from the momentary reaction and everything will go where it should)

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Quoting Mitiblotch

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{quote} Funny thing the fake dump will get people selling GU so we can take it up, hopefully.

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Quoting pofel

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Quick remainder of current selling order block, which can anyone find {image}

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Quoting Abeylyn

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{quote} What time frame ?

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Quoting pofel

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{quote} 30min, but you can see the range more clearly at 4H

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Quoting Abeylyn

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{quote} What time frame ?

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Quoting ricmaj

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Ego was the only reason any one should be prompted to sell seeing the rejection from 1.34630/750. IF 1.35300 is completely taking out then the road to 1.36ish is opened for the cash

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Quoting Abeylyn

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{quote} The problem is holding on to Short trade from 1.3530.... to throw back 65 pips. It's totally wrong to Sell at 1.3465 demand zone but existing sellers may be hoping for a break to the downside.

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Quoting Abeylyn

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{quote} In contrary, I see liquidity grab into the existing Short trade set-up. This happens in most cases before strong price move to a predetermined direction. Real price into a direction is always tested 2 or sometimes 3 times. This is the reason I always divide my trades into 2 for 1st and 2nd Takeprofits. Recall I have been Short since 1.3530 against your Buy trade initiated from 1.3516. We have trade in opposite direction trying to catch the real direction yet to show on the chart. Anyway, I hope my presumption is accurate.

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