Cable Update (GBPUSD)

I am Back..

Alhamdulillah, My TP was hit 1.6080 (+24 point) and i lost the moment to ride the bigger waves hohohoho... but that is ok..let see now the another wave..hohoho..

hi josef.

may i know why you are shorting @ this level? and what is your target?


that short in imho, may only go down to 1.6062 or 1.6054 before it proceeds its climb. but that is just me using ew and fibs plus divergence

update, i just noticed that 1.6054 coincides with the weekly pivot while 1.6044 is the daily pivot.

yano

I agree with U josef, but I will look first if that is a false breakout then I'll short, but that is a real breakout, then I'll Long

Bearish Harami Signal, indicates the bearish with a middle strong power..need further confirmation on the breakout..if the price can break the level 1.6064 then that is a confirmation to Short..

But If the price can break the level 1.6095 that is the confirmation for long

Let See

hi what we seeing is double top formation in 6095. will the london sessiion give us ride to south??

Not Yet A Double Top Formation need a further confirmation if the Price can break the 1.6066 then it will be a bearish, and a further confirmation if the price can break the level 1.6002 Then It will be A Double Top Formation

that would depend on what time frame you are trading off from or what your target is.
like i mentioned above, it is possible that we see a move down to the weekly pivot or daily pivot as market enters the london trading time and suddenly it could bounce off of those levels to ultimately break yesterday's high

G/M

Bullish follow thru so far on yeterday's bearish close following the drop from 6118-5972, a pullback to 6094 a drop to 6006 and now a rise so that 6094 previous 1hr swing hi and the descending 1hr trend line is being challenged again.

Daily R1 is @/around 6114 in that previous 1hr/4hr swing hi zone leading up to said 6118 (yesterday's hi) and above here another previous 1hr/4hr swing hi zone leading to 6149 which is @/around the Monthly pivot... Just below there the 61.8%/38.2% of the 6262/6470 moves to 5910 respectively are at 6128/24. 38.2% of the 6546-5910 is @ 6152 with Weekly R1 @/around 6166.

1hr/4hr are a bit mixed re opa conditions but intraday sentiment is thus far bullish.

Event Risk: Uk Manuf PMI at 0930am London...any further contraction could see £ waekness on the knee-jerk partyicularly if figure drops to/below a 50 read.

G/L

seem the Long Confirmation will come soon

Gu looks set for more up buys...after breaking trend line I wait to confirm before taking positions.

good mornig
what a sleep!!!

gosh... i still had my long since 6020 overnight!.
closed 1 minute ago +70

i need a coffee

prepare for short khekhekhe

Price struggling at yesterday's pullback hi to 6094 with that 1hr and 4hr descending trend line.

G/L

Hey BB, nice start to the day...WD !!

Ok I am In with Short

Lack Of Patience.. Just Legg.. Let See Then

you never know could turn out to be a double top at that 6094 area ?...price has pulled back to to 38.2% of the last 1hr swing up 6006-6094 and there was a LH on 5/5min on 2nd attempt at at today...see-ing some 5min hidden div developing now though.

G/L

this is my entry
Open : 1.6062
TP: 1.6033
SL : 1.6085

I should be more patience next time

June's monthly candle closed v.bearish.

yeah
but was a'small' one.... main position i went out +12.
anyway, a good morning