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Cable Update (GBPUSD)

  • #872,981
  • Mar 16, 2026 7:33am Mar 16, 2026 7:33am
Closing AU long for 70p, and NZ long for 68p.
  • #872,982
  • Mar 16, 2026 7:52am Mar 16, 2026 7:52am
A nice short GBP/USD targeting 1.3220
It's a big game.
  • #872,983
  • Mar 16, 2026 7:56am Mar 16, 2026 7:56am
Quoting Whale
After recalculating the chart, its seems like the FOMC outcome is well known. market going to be bearish. i don't know how the path of the week will look like, but i think we will see up some before another extra red hot bears. Plan: let's say around 1.329X i will start build some heavy shorts (If we get there) 1.3 area and below could easily hit.
1.329X hit..
now building shorts for 1.319 minimum
  • #872,984
  • Mar 16, 2026 7:58am Mar 16, 2026 7:58am
The problem for the GU bulls is, it needs to take the 1.34 level for it to take control of the H4, that price handle is currently too far away.
  • #872,985
  • Mar 16, 2026 8:52am Mar 16, 2026 8:52am
With H4 DXY to 101.60, my GU low for this week is 1.3080
  • #872,986
  • Mar 16, 2026 9:05am Mar 16, 2026 9:05am
Short EU from 1.1515, short GU from 1.3320.
  • #872,987
  • Mar 16, 2026 9:25am Mar 16, 2026 9:25am
Quoting Guy1969
Short EU from 1.1515, short GU from 1.3320.
The smallest bounce EU had recently was 120 pips and 160 pips off low, this means EU may bounce to 1.1533 to 1.1573 area tomorrow before slide may resume.

As for GU the biggest bounce off low was 230 pips and considering the pair did 200 pips range between Monday and Tuesday for two consecutive weeks, mean that price may bounce to 1.3400 area before finding resistance.

I will be very careful with selling earlier, I will wait for my buy trade at 1.3364 to recover and start building sell from 1.3380 area.
Data + Stat + Risk/Emotions Management
  • #872,988
  • Mar 16, 2026 9:42am Mar 16, 2026 9:42am
Quoting Georginson
{quote} The smallest bounce EU had recently was 120 pips and 160 pips off low, this means EU may bounce to 1.1533 to 1.1573 area tomorrow before slide may resume. As for GU the biggest bounce off low was 230 pips and considering the pair did 200 pips range between Monday and Tuesday for two consecutive weeks, mean that price may bounce to 1.3400 area before finding resistance. I will be very careful with selling earlier, I will wait for my buy trade at 1.3364 to recover and start building sell from 1.3380 area.
My reason for targeting 1.3320 is this area on the H4 chart, the GU bulls are going to need something really special to get past there.
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  • #872,989
  • Mar 16, 2026 9:54am Mar 16, 2026 9:54am
Quoting Guy1969
{quote} My reason for targeting 1.3320 is this area on the H4 chart, the GU bulls are going to need something really special to get past there. {image}
Okay mate, I will keep an eye on that.
Data + Stat + Risk/Emotions Management
  • #872,990
  • Mar 16, 2026 10:27am Mar 16, 2026 10:27am
Quoting Guy1969
Short EU from 1.1515, short GU from 1.3320.
my high of the day 1.33139

anyway nice short.. i sold 1.3282 to 1.331
hope i will not get into troubles.

target for al 1.319 and lower.
  • #872,991
  • Mar 16, 2026 11:41am Mar 16, 2026 11:41am
Quoting Wavegarrick
{quote} Gu bullish divergence developing on the daily timeframe. It is just a matter of time before we see a major breakout to the upside. Cheers. {image}
Bullish divergence remains with GU on the daily timeframe.
I remain long.
Cheers.
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Trade to trade another day
  • #872,992
  • Mar 16, 2026 12:28pm Mar 16, 2026 12:28pm
Quoting Bflyfx
Euro support 1.1420
I only follow traders with IQ above 160
Challenge Tour All Time Return: -67.8%
  • #872,993
  • Mar 16, 2026 3:10pm Mar 16, 2026 3:10pm
Nice daily candles DX/EU/GU.. although they aren't good predictors, cooling situ with oil might help them work this time
Air force
  • #872,994
  • Mar 16, 2026 3:26pm Mar 16, 2026 3:26pm
Quoting Georginson
{quote} The smallest bounce EU had recently was 120 pips and 160 pips off low, this means EU may bounce to 1.1533 to 1.1573 area tomorrow before slide may resume. As for GU the biggest bounce off low was 230 pips and considering the pair did 200 pips range between Monday and Tuesday for two consecutive weeks, mean that price may bounce to 1.3400 area before finding resistance. I will be very careful with selling earlier, I will wait for my buy trade at 1.3364 to recover and start building sell from 1.3380 area.
Based on the M30, there are definitely still bulls around. I took 21p from the swing high, I'm now watching to see what 1.3365 does. AU rate news may just pull this whole thing higher. Not a bad day at all.
  • #872,995
  • Mar 16, 2026 3:32pm Mar 16, 2026 3:32pm
Quoting Guy1969
{quote} Based on the M30, there are definitely still bulls around. I took 21p from the swing high, I'm now watching to see what 1.3365 does. AU rate news may just pull this whole thing higher. Not a bad day at all.
Good job mate... I still have buy at 1.3364, gutted I closed buy trades 1.3264 and 1.3300 prematurely but I will add the buy back if price drops to 1.3308 for a target of 1.3364 to close both trades and switch to sell for week end target of 1.3155.
Data + Stat + Risk/Emotions Management
  • #872,996
  • Mar 17, 2026 12:31am Mar 17, 2026 12:31am
Asian session looking to close buys for silver. Looking for short to daily PP
  • #872,997
  • Mar 17, 2026 1:24am Mar 17, 2026 1:24am
Sliver on its way to target nicely with a power drop. UK crude oil looking for short to daily PP. Waiting for descending m15 middle pivot. Asian session closing out its longs here i believe
  • #872,998
  • Mar 17, 2026 1:27am Mar 17, 2026 1:27am
EU short closed for 45p.
  • #872,999
  • Mar 17, 2026 1:58am Mar 17, 2026 1:58am
1.27 is much closer than it seems. If the conflict in the Middle East drags on and real (rather than just media-hyped) oil problems arise, the entire EU economy will collapse. The UK will follow suit.
I always tell all my clients that global technical analysis on D1 and W is always adjusted to the global fundamentals. In fact, that is exactly what we are seeing now. By summer, the dollar will regain its footing, and the euro will once again head towards parity.
There’s no need to search for the Holy Grail when everything is right there on the surface. Just stay calm and be patient. That’s exactly how I made my big money.
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Caiman System All Time Return: 4,336.8%
  • #873,000
  • Mar 17, 2026 2:17am Mar 17, 2026 2:17am
I closed all my early shorts this morning at 1.32788

because i was in a rush to open bad shorts entries and forgot about 1.3339 that i mentioned on Friday when post to headland about this level.

anyway.. i renew shorts now @ 1.3295
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