First Asia bearish trend since May 27.... This is the game changer.

Cable Update (GBPUSD)

Bullish exhaustion showing up, weekly range already 288 pips, the anticipated 1.26 was touched and couldn't hold for a retest of 1.2645. failure at 1.26 is paving way for first correction to 1.2310 and further correction to 1.2160.

Cable Update (GBPUSD)

Exactly my thought process...

Cable Update (GBPUSD)

1.32 will come between October 2020 to December 2020... (1.2537 as at time of typing)

Cable Update (GBPUSD)

Without clarity of strategy the current market trend will push for a change of bearish stance but personally my sell positions at 1.2470 and 1.2510 stays intact for a short term target of 1.2310 and medium term target of 1.2160. in as much as 1.2600 ...

Cable Update (GBPUSD)

My analysis is not in anyway relating to gaps other than ranges and price behaviour. I remember when I called bullish move to 1.23 and beyond, you were one of the people calling it comedy timing back then when price was trading at 1.2130. Now I'm ...

Cable Update (GBPUSD)

I need your summarised view and take on the short/medium term direction, also need more clarity on your view. Thanks for the response

Cable Update (GBPUSD)

It gets worst before it gets better.. patience will do the trick.

Cable Update (GBPUSD)

Gaps are often filled and might sometimes not be filled immediately... This year 2020 has an unfilled gap at 1.3250 area which will still be filled but I see that happening around October/December... Meanwhile, I have seen a typical weekly candle of ...

Cable Update (GBPUSD)

Careful Stefan.... Risk reward skewed for a fall to at least 1.2310

Cable Update (GBPUSD)

Still hold, revised target 1.2310 for the week since new high recorded @ 1.2563 so far.

Cable Update (GBPUSD)

I need to know more on COT

FX investing: mid/long term ideas

I do it on my own. Thanks mate

Cable Update (GBPUSD)

Nice swing idea... Check daily chart of April 16 2018 to April 20 2018, the weekly candle opened at 1.3229, made a low of 1.3229 then bounced to 1.3378 before a slide down to 1.3003 to end that week... This week so far has 0 pip low to the open and ...

Cable Update (GBPUSD)

1.2280 first target... The higher the rise the greater the fall...

Cable Update (GBPUSD)

Still Hold my short... Still target 1.2280...

Cable Update (GBPUSD)

I do not think it's ideal to state someone is right or wrong based on conflicting directions taken. You got your bullish call right and it's great but stay calm and maintain emotional intelligence as a bunch of people would have lost their hard ...

Cable Update (GBPUSD)

Asia so far has already shown reversal ... Exactly 24 hours ago it was still shooting up. Exhaustion is gradually setting in. Bearish confirmation once price closes below today's open. Minimum weekly range in the last 13 weeks is 225 pips, last week ...

Cable Update (GBPUSD)

You are absolutely right mate... A push to 1.2523 to clear all stops and reversal to follow, 1.2280 will first look us in the eye.

Cable Update (GBPUSD)

There is already 200 pips to the upside this week and no single sell from the weekly opening price, this is a classical buying trap. We will see 1.23....1.21 and 1.19 in an aggressive manner all bull callers will quietly switch to Bears. This is ...

Cable Update (GBPUSD)