Cable Update (GBPUSD)

US data everyday and all red stickers. What is it with them? Other countries don't release red sticker data every day!!!

traders often ignore this

is the trade low risk or high risk setup


if you have low risk high reward size it up (A+)
if you have high risk low reward size down (B)

Not every trade worth sane risk

thats why you will often see that you are 1 step forward 2 steps backward in your equity curve.

die dollar die

yes

When data is very, very green and still cannot bring price down you know what's cooking. Up might be the next move of GU.

still staggering at the same place , news may very negative ? no all positive !! anyway waiting breaks 3408 over 3377 support
and eurusd at least 1604+up

so targets may now 3406/13/18. signal 3409!

range 1.3430 ~ 1.3360

yesta was bear reset

if GU can close over 3433 on daily chart ill add longs and dont forget my weekley level for a buy signal....its in the log so search

did dollar die

it should up 3424/39 +/45 +- before decision . anyway ad bear was very strong . price unable a normal bounce toback . some fear likely in the paly .watching
similarly 1604 test breaks to 1625 should minimum bounce in eurusd ! now want 3418 test breaks corresponding 1604
my optimum levels 3424 and 1625 for bounce to see short scalping above it if ! if it is a normal pa then target bounce will 3465

testing 3413 ok , will care most here at 3418 or better say 3424 as 3392 play may run thereafter!

watching 3418/24 testing , can be breakout at 3417 / better signal 3414 , confirm 3410 for below 3401 or 92
yes break out down happen! , no easy access bounce any more !
so go below 3410 , and eurusd 1592 confirmation correction down. test perfect 3402 , next 3393. next support may go 3382 , if extension 4 at 3393. and eurusd may 1562 if fails now 1583 sr

people are drawing the major tl wrong, please draw it on the monthly

I think traders shorting after yesterday's debacle should think about setting their stop above 1.4

the most worrying part of this set up is zebi is posting along the same lines

Lol... that would be one hell of a SL.

No..that would be one hell of an entry point!

breaking 3400 , then next sr 3393 may extend 4 likely to 3382 while eurusd breaks 1582 may need confirmation 1577 for 1560 sr . anyway breakout down for bear continuation at 3377 at risk .care

Great charts folks just waitng for Leon's (Wavegarrick) now, come on Leon don't be shy...

EURGBP H4, long target > 0.87170

GU and EU are already very exhausted on the weekly, this is the only reason that both will mostly hold in place until next week.
GU is also exhausted on monthly but I'll wait for next weekly candle to determine possible more low levels.. Will let you know..
EU still have to target at least 1.1440s on monthly, and possibly down to 1.1400s. See ya Monday