Cable Update (GBPUSD)

Yes

17/01/27 FRIDAY 08:45+1GMT
EARLY MORNING REPORT

Lol yes 2588 to 2550 big pay off ! Regards E

Looking to sell 60 to 2377

Looking for reaction around 2500 to or might swap 2410 is a watch area to bounce and play short at the top of that bounce while tp and scalp in long if it does ??? Hope that makes sence that's my plan . It's Friday end week month will be looking for doji hammer on the end of month to confr full time long to 1.5678 And 1.6500 where there is s gap long left behind . Lock might have a view on that one . Next month rate rise Mr C will leave his post soon after . That's the crystal ball plan lol . He has gone mad the crowd tell ???!!!!

1.820 tops lol

ok ,tl gone,daily gone

Lol, have a daily and weekly number 2480 ish, beyond that the quarterly pivot possibly got to poke thru 2524 ish area first tho , but thats projecting lol, correct my lines Bones , cheers.

At some point in time today we should get a push up to todays open , 2588, usually likes to do that around news time , may be the 1st step to 1,8

will be interesting to see if we get a quick dab down to 2495 area then a daily close above 2537 area for the bullish march to continue

Great line B just how I like to play it . Even works on 5 min but carefull it can correct and stay in the line and go higher B out

1.2470/75 looks like a good spot for a bounce also...

anyway, have a good weekend...gl, PTL

PA is moving well according to these levels.. nothing unusual atm (breaks - retests - continuation - RSI confirmation etc..)

So what I have hear is this...

 

1. break above level A and we see level B,C being tested which is the most likely scenario. It happened yesterday well and truly could happen again today.
2. I won't say we will be shooting for the moon unless we get a strong break above C.
3. Key note here is to pay close attention to PA and see how it reacts at these certain levels then trade accordingly.
4. If for instance we drop down to levels D,E,F and price breaks below F I will wait for a retest of F,E before entering short stoploss will be above level D
5. Depending on how the price breaks above A I will look for a long (e.g if it breaks with a long wick I simply wont enter - a strong with a small wick is fine) for further confirmation RSI should be above 50 at this point it's below 50 so ill stand aside.. what I see is if price breaks A price will go up maybe 20-30pips then retest A again before shooting up to B. But obviously that's just me directing my own movie. Anything can really happen.

slowly



update

Wolfe Wave completion, looking for 30-40 pips

month end buba selling. don't trust these moves. if it breaks today's low again then it is definitely short. till then all probability of coming back at 2560. can't understand why the euro is up today when gbp is down 60-70 pips. usually they move in tandem.

Out with +25 pre US red news. Good enough for me

Here we go

Tl coming up on 4 hour it hast to break it or it's going down

Tp and short tight sl