Cable Update (GBPUSD)

closed @ 1.3322

nzd deserves attention

yes i am short nzdusd. 7000 target first.

I opened a short position again at 1.3350, but I intend to close it around 1.3300.

So terrible dollar news caused a muted spike but currently 2 hour after the event dollar is making gains against every currency except the GBP.

Is money flowing into $ again?

At an order level 3300

Sometimes when currency bolts for something - it can mean it is going after orders or the fixes

Good luck,target achieved.

Have a nice weekend my friends.......

thx mate

got chopped on that one today

Almost double up my capital. Will keep watching it till the reversal sign developed.

Looking to add another Short position again at 132 700 ..
If we get there today if not see how Monday plays.

I just added another short at 3302. At this moment i am targeting 3275. Still keep on eyes on her.

NFP to one side - still feeling there is some buying power left in this move - agree with you and see how it plays early next week.

Carefull there, you might just blow your account

hey Dean, what happened to your post ? It suddenly disappeared

Only my opinion. Following with my count...is forming wave 4 of the a (macro wave Y).

If anybody have another count, please post it.

Well, Guys, the current week is going to its end. There will be no additional sharp up/down moves. So, I can give you some thoughts to think of.

1/ The future week's IB is still being formed, though I assume it has already been formed. You can see the upcoming IB is narrow, actually it is narrower than the current week's IB (aprox. 100 pips vs 200 pips). That means any of its boundaries could be easily broken out or expanded at any direction. The future IB is at the upper edge of the current week's IB, it is slightly higher than the previous week's IB high. IB's high boundary has made a new high (HH).

2/ The close price will be rather upper than the current week's IB high of 32790. That is good for the possibility of going even higher.

3/ Take notes of two price levels: D#1.VPOC 16.09.01 1.3247 (yellow) and W#0.POC 16.08.28 1.3103 (brown). The latter is the level that will be virgin next week and this level is the accumulation level. The second level of VPOC of yesterday's that has not been kissed today and it is important for the future price movements. But the most important is D#0.POC 16.09.02 1.3270 - this price should be tested on monday in order for us to see new highs. This price will be virgin as well on monday's morning.

4/ Additionally we have hidden gaps of 3273-3315 and of 3154-3234. The latter is bigger one and could be filled on the way down to the accumulation area of W#0.POC 16.08.28 1.3103. When? I do not know yet.

5/ There are two possible scenarios to be realized out next week. They are marked on the picture. I'd prefer the yellow one.

Best
D.P.

I think can happens yellow movement but touching 1.3180. Today seem kill buys and is not weird before strong up market want trap many fresh shorts. But we will see