Cable Update (GBPUSD)

Quoting cortmann

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{quote} morning... PA proved me last night that the C leg was not complete. my positions got stopped out at BE, but I reloaded at a better price with one more position when the gartley completed. the target is still the same. if we cross the upper downtrend line (blue line) I think we might see 1.440 {image}

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Quoting meanvel

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{quote} Retail sales will be 80 pip... Hah... Ill take the other side of that bet.

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Quoting meanvel

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I don't have much love for this H4 pattern... We need to start moving higher real soon or the uptrend will break. It's diverging bad... This is one of the most uneventful GU opens I have seen... If we keep coiling like this were going to explode a direction at some point today. {image}

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Quoting giveachance

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sold 4308.

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Quoting giveachance

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sold 4308.

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Quoting meanvel

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{quote} Nice job, you covering into this mini crash, or holding for a break of the 55 or 35 swing?

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Quoting meanvel

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I'm just sitting around. I might buy a break of 1.4255 or 35, but that is about it... This price action feels very very fishy.

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Quoting sanvulture

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Hi, Can anyone please tell me why GU went down, even though the retail sales data was in green? Thanks in advance..

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Quoting sanvulture

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Hi, Can anyone please tell me why GU went down, even though the retail sales data was in green? Thanks in advance..

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Quoting Darkforce

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{quote} It went down because market wanted it. Two pieces of UK data: the retail sales and PSNBR, both good and at record high. Cable goes down anyway. This is a market either where expectation mismatched with fact, or market pre-run for another piece of important data, like to be US CPI this afternoon. Also since this is Friday, there could be all kinds of weirdos. This is a very difficult situation to trade, so suggest you stay out and just watch.

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Quoting Kajos2250

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{quote} GU H4 GMT+2 bottom diamond first target reached, sell limit triggerded, invalidation remains. book some or pull the BE .4338 where the bulls of last belt hold are. hope ~4365 resistance can hold... good luck!

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Quoting Bones

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don't forget usd also ,gbp is flat with potential , {quote}

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