Cable Update (GBPUSD)

that's now what I see on my DXY H4. DB and going for the gap fill before flipping again.

GU could get ugly in here, as noted prefer EG longs for now over GU exposure (this is H1 chart).

EG-wise there is resistance @/around 8500 area so if you want to start a new long position it's best to do so @ 8510-8515.

It's holding could be the weeks top ???

I have 8529 marked in the EG, looks sexy....

81 has been played like a fiddle, something I'm considering if we move up...

night all...

With any luck will work out

inside week...lol

Hope all have been doing well. Yea this is really starting to look uuuggly, I cant imagine this playing out,,,,,,,,,,but then I said the same thing about oil a few years back when it went from 150 or so a barrel back to what 20 or so,,,,,, similar setup,,,,,,, with smaller projections on the way down all pointing to what the 1st big one said........ Oil did hit what the big one projected,,,,,,,,,,, bottom chart is a monthly ,,,,,,,,,, this last one hasent broke yet but seems to be getting wound tighter than a banjo string , which ever way it goes it should be a nice move,,,,,,,, would be nice to get out of this 3 and half 4 month range its been in. cheers all

not much to do here today. got both 480 and 520 tagged as reversal for loading up shorts. see if we get there today, GU is weak no doubt about that.

false move up this... coming down to new low

And once again a rejection from the B level
Expecting another retest potentially break of B

Not yet maybe after 1.248

if we reach 2480 it will go above to 2503 only above 2503 will open move for further... so wait.. my guess is down to todays low

At this time one can keep pinching pips up and Dow but soon it will make a bigger move out . If you look at 4 hour doji tops and bottom in this range and emas going into a consolidation tight band which tell soon it's going and when it does follow with thighs longer or over the ema consolidation

Collected some pips from here... expectation for retest SUCCESS!

awwww see the quick pull back after reaching 1.248 key level boys key level... anywho I'm out for now peace

Might try a small short if closes below
Edit: actually don't like the sound of that... aborted

painful and slow? yes. but 2540 up next.

consolidation nightmare set up
what to make of it
you may notice w1 is positive and open held up pretty much ,break of previous sets tone