Cable Update (GBPUSD)

holding long at 1.5887, s/l 1,5828, t/p 1.6039

Currently,GU is creating Triangle pattern at the previous support.Let wait and see,either gona break or bounce to the previous resistance.


Twinsummit

scalp cable

knock knock

G/M

Cable found support pretty much at the base of that previous dly/4hr/1hr swing lo zone down to 5867 and has since pulled back to the previous 1hr minor swing lo zone.

Above here immediate potential res/sbr per 1hr chart below. Daily Pivot is @/around 5956 and Daily R1 @/arounmd 6033.

Below here immediate potential support factors - per list below;

5879-67 prev Daily/4hr/1hr sw lo zone incl 5868 = 61.8% 5681-6165
5855-5823-5818 prev daily/4hr sw hi zone incl 5853 50% 5541-6165, 5835= 61.8% 5629-6165, 5833 = Monthly Pivot @/around, 5824=38.2%
5270-6165
5821 Daily S1 @/around
5794 76.4% 5681-6165
5781-5752 prev 4hr sw lo zone incl 5781=61.8% 5541-6165, 5762 = Weekly S2 @/around and 5757 = 76.4% 5629-6165
5750 85.4% 5681-6165
5745 Daily S2 @/ariound
5718 50% 5270-6165
5708 85.4% 5629-5165
5704-5681 prev 4hr sw lo zone incl 5689 = 76.4% 5541-6165
5660-5629 prev daily/4hr sw lo zone and prev dly sw hi zone incl 5657 = Weekly S3 @/around, and 5632 = 85.4% 5541-6165
5613 61.8% 5270-6165
5609 Daily S3 @/around
5554-5541 prev daily/4hr sw lo zone
5504-5490 prev 4hr sw hi zone incl 5501 = Monthly S1 @/around
5481 76.4% 5270-6165
5386 85.4% 5270-6165
5336-5319-5270 prev weekly/daily/4hr swing lo zone
5194 61.8% 4225-6746

Plentry of known event risks today re data releases etc...Uk inflations numbers @ 0930am gmt.

G/L

Greek Treasury bond auction today as well as german ZEW could see a € reaction that could affect £ ?

band deviation???

qn for the bbmac

i've seeing this band config at divergence a couple of times recently
just wondering if it is one of your collection...?
4 bol flip followed by 4 bol unflip if you like then a 10/20 flip

nice to see the 85.4 on your fib watch list...

my alien friend...

Hi, repeating bollinger patterns with repeating divergence patterns are indeed part of the ' full ' set-ups that make up my trading edge - validated or not by a pa trigger. Re divergence in this case on 1min - double regular immediate osma divergence (top oscillator)

Spot the repeating patterns.

G/L

(PS: yeh it was your repeated mention of the 85.4 fibs that has caused me to watch them now lol - Thanks !)

me short 5918 SL now 5917
tgt open

bearish close overall on 1hr - the lo of the candle on 76.4% of the move up

G/L

,

see what was at the 1hr pullback hi - the underside of the breeched previous 4hr ascending t/line..cable testing this potential support zone now with 20mins till Uk inflation data.

G/L

If the upcoming numbers don't push it through the current support zone, you may be alright still.

saved by the bear
still have some more floating positions, need to hit 1.5640 to save me

im to wise

btw where you been geppy?

lurking mostly.

that was uneventful...

immediate pre data lo at the 38.2% of that 5270-6165 rise in the previous 4hr/daily swing hi zone (previous resistance)

G/L

manage to hold on to those longs?