Good opportunities are probs just about done for the day, I think trading now would be a mistake, long or short.

Cable Update (GBPUSD)

Taking profits here but can go higher imo.

Cable Update (GBPUSD)

Its official, the sellers have trapped me. Im in long, stop at the low. TP open.

Cable Update (GBPUSD)

I will offer myself up to being tricked.

Cable Update (GBPUSD)

Will be looking for price action to confirm longs at any point now.

Cable Update (GBPUSD)

No strength from bulls, trying their hardest to defend daily pivot but thats not the important level imo. Weekly pivot (1.2780) should be touched first before move up. A lot of confluence in that area, previous high, daily S1 at 1.2760.

Cable Update (GBPUSD)

Would like to see move down to 1.2760-1.2780 region for long.

Cable Update (GBPUSD)

I base my targets off average daily range, and pivot levels. 30 day ADR is 91, closest pivot level to that would be R2. This is only valid if we dont break the days low.

Cable Update (GBPUSD)

I wouldn't be surprised to see 1.2840 today. Previous high and daily R2 there means bulls may want to test it.

Cable Update (GBPUSD)

Im swing trading primarily, I'm targeting 1.30+. I dont mind a bit of range its the long term direction im interested in.

Cable Update (GBPUSD)

Would like to see some selling in Asian session to get a better price for my longs, but we shall see.

Cable Update (GBPUSD)

Keeping long bias, will stack more buys if it goes down, stops below 1.2680.

Cable Update (GBPUSD)

Agreed, hence why im not chancing with shorts and instead will stack buys on a retracement.

Cable Update (GBPUSD)

In my opinion, theres no point thinking about the reversal. Trends can go on much longer than people expect. Daily is up, 4h broke structure to the upside, 1h/15m is up. Start stacking buys below 1.2740.

Cable Update (GBPUSD)

Have taken some partials at this level daily R2. Will hold most of longs and add more if price drops below 1.2730.

Cable Update (GBPUSD)

Tricky GU, lets see if we can break 1.2760 today.

Cable Update (GBPUSD)

Will remain with long bias unless a break below 1.2660.

Cable Update (GBPUSD)

Still expecting 1.2770 as long as price doesn't go below pivot.

Cable Update (GBPUSD)

Price action like this is why I'm preferring concentrating on longer timeframes at the moment. I still believe we see atleast R2 (1.2770) today. May not be until NY but we have strong support from 1.27 to 1.2680.

Cable Update (GBPUSD)

Expecting to see R2 (1.2770) minimum today. Could see higher volume due to US holidays past days.

Cable Update (GBPUSD)