In any case I already scaled out my positions. We still have the last 2 periods of the GB session and it can be really tricky now. Watch out. In case of continuation upside I see 3666 as a first step. But I repeat it:watch out as structure downside ...

Lock's Cable Corner

Now, an important thing to consider is also that: if it eventually will take out those levels, up to 3624 and if it will not get acceptation above them, expect some serious liquidation at least down to the base of the triple GB gap (3450) If instead ...

Lock's Cable Corner

I really cannot say it for sure. It can be tricky, obviously, as I'm not the only one to see those weak levels and someone could bet against such an excess of certainty by most of current traders involved. In any case for now, price bounced above ...

Lock's Cable Corner

3610 (current session high) is poor too. So we got 3 back to back GB sessions poor highs and one of them is yearly.... From here it can do whatever but you may be sure that before or after it will take out those levels.

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43 hours ago I wrote: and from 34295 here you are around 3624 zone re-test

Cable Update (GBPUSD)

almost 43 hours ago I wrote: and from 34295 here you are around 3624 zone re-test

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price anticipated my answer...

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Something significant is going to happen.

Lock's Cable Corner

Note that yesterday is an inside day (and also an inside Pit session): so consider current action as an attempted rally from balance and balance rules apply.

Lock's Cable Corner

A gap is an un-tested price zone: before it was 3450-3473 now it is 3450-3468 as the small portion from 3468 to 3473 has been tested by GB session. The remaining portion is still un-tested. That's all.

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I think that if it want to test before next year we only have today and tomorrow. Then bank holiday, so... Some possibilities are: take out triple pass GB gap 3450-3473 downside and attempt upside for the highs or immediately attempt upside, leaving ...

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E inside period: balance rules apply

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And we are going to open above 3450-3473...as Tokyo managed to retrace yesterday Pit session

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Monitor for C possible inside period: if so balance rules will apply

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An other funny thing is that we got a GB triple pass gap in the price zone 3450-3473. Now if Pit will continue lower today and/or if Tokyo will not retrace back upside tonight, tomorrow we will have a 4 PASS gap in the same zone because GB will open ...

Lock's Cable Corner

You know? It's funny. We are in the last days of December 2020 and we got yearly GB poor high at 3624 tagged by a Pit yearly poor high (then also weak) and followed by a new GB session poor high at 36195... and followed by a Tokyo poor high at ...

Lock's Cable Corner

Merry Christmas and have a nice weekend

Lock's Cable Corner

We are inside yesterday GB range 3361-3450. Below we have a double GB gap 3300-3361, above we have an other one:3450-3473 We removed the both above and below the absolute weekly gaps and we still have a poor and weak yearly high at 3624. Yesterday ...

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taken out..

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and G inside period: balance rules apply

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