Cable Update (GBPUSD)

My greedy eye likes the sweep of all the stops below, hehe! The next couple of bars will be very important to see.

I think we do 4310 and then do the sweep

I try not to think, lol, It usually costs me money!!

h4 potentially signals reversal but still 65 to go.

As I trade the hourly, it doesn't look ready yet. Need to see a broken structure form...

... Hey B.

1.41880.

Resistance, turned support?

GU turning somewhat interesting @ current levels, here's an update review on GU H1.

My take is that upside is not quite done yet, we will push higher Tuesday but not likely to break above strong resistance @ 4320.

Also my view is that we didn't complete the move south, before we can turn north with decisive power GU needs to re-test 3960 region.

Therefore looking for the following: goes up to 4320 reverses lower and impulse structure sends us lower to 3960.

The setup will be void if H1 candle closes above 4320.

Overall USDJPY will continue to exert pressure on GU via GBPJPY, we had a nice pullback in UJ but the velocity of the move is gone already.

meanwhile GU M5 is a no-brainer a classic GU pattern bull flag setup awaiting a trigger to set off an upside break out probably to come on Tuesday LO.

Just be sure that below supp is intact and you can go long @/ near 4220-30 SL 25 pips TP is 4310.

this is the structure break I was talking about. I watch this very carefully...

yeah that does make sense, heavy volume @/around 4220. Still my take is that the move ain't done yet, we are most definately going to take on 4310-20 that's the decision point.

what I see on H4 and that includes the RSI, is that we do not have much room left to go beyond 4320 without any decent retracement.
My take is that it won't be a retrace, it's a leg down to test 3960 before resuming higher.

buying low @ interim support and selling high into turn @ resistance makes for a good trade plan atm. interim support @ 4220-30 area.

anyways until laters guys done for today.

Have a good one...

Hi Chris i have not been on much but have been having the odd read, hope your good and ready to fx again to the top this time , and there we have it before and after 50 ema , lets see if it supports now

Very nice 4hr candle top

I'm thinking some stops just above it will be swept away tomorrow before the next move

#GBPUSD pound could retrace back so my SL is tight......