WARNING... Do not be deceived by this fake bullish move... The price will crash below 1.22 at London close. Only a break of 1.2320 will invalidate this bias. Cheers!

Cable Update (GBPUSD)

Watch this 15 minutes close ... It will give a big clue on today's direction

Cable Update (GBPUSD)

At least your stops are tight which means damage is insignificant.

Cable Update (GBPUSD)

I did a sell at 1.2268 and stop at 1.2290, target 1.2163. In a bearish environment, there is usually 70 pips bounce from low (1.2204 - 1.2276) before a new crash will break the previous low by 50 - 70 pips which points at 1.2150/1.2130 levels. These ...

Cable Update (GBPUSD)

Your stop level is smart.

Cable Update (GBPUSD)

The break of 1.2270 is the confirmation of bearish slide to 1.2160, chances of 1.23 today is very slim. This is a very bearish environment.

Cable Update (GBPUSD)

Instead selling accelerated in the next two days!

Cable Update (GBPUSD)

I do a lot of research on weekly, monthly and yearly ranges with their behavioural pattern. Having traded many pairs in the past, I discovered GBPUSD has the most consistent behaviour and range patterns in 10 years till date.

Cable Update (GBPUSD)

Here you have it mate.

Cable Update (GBPUSD)

The power of ranges and price behaviour can not be underestimated. When price was trading at 1.2350 region yesterday, the Monday/Tuesday range was already 200 pips and whenever this happens a reversal of 140 - 240 pips usually happens hence it has ...

Cable Update (GBPUSD)

Absolutely Perfect...

Cable Update (GBPUSD)

This shark shows 1.23, 1.19, 1.21, 1.17, 1.27, 1.13 retest before final take off. Meaning a drop from this current 1.2360 back to 1.1960 area, then a rise to 1.2130 to be followed by a crash to 1.2740 breaking previous 1.2645 resistance before a ...

Cable Update (GBPUSD)

Below are previous ranges I worked out in my past post 30/03/2020 High 1.2475 - 1.2204 Low = 271 pips range ... Close 1.2269 (recovery from low 65 pips) 06/04/2020 High 1.2486 - 1.2164 low = 322 pips range ... Close 1.2448 (recovery from high 18 ...

Cable Update (GBPUSD)

You don't need to be starring at the screen. 4 hours RSI at 77 which is extremely overbought and often retraces by 140 - 400 pips, weekly range already 200 pips being 80% of weekly capacity. In addition it is Tuesday so price can retrace between ...

Cable Update (GBPUSD)

Crucial hour gone... Now full retracement is due due from 1.2360 to 1.2110. .

Cable Update (GBPUSD)

Last 1 hour for the bulls before a big retreat to 1.21. This hour is the last crucial resistance.

Cable Update (GBPUSD)

This is the short time, no need for scalping from this 1.2340 just target 1.2110 between now and Thursday New York close.

Cable Update (GBPUSD)

Interesting.... What is your take?

Cable Update (GBPUSD)

New SHORT at 1.2310, target 1.2110 Stop 1.2370.

Cable Update (GBPUSD)

I previously posted price being below 1.2250 allows for 1.2000 this week. Now that price has surged above 1.2250, a retracement to 1 2225 can be met with a buy as price looks set to touch 1 2350 before retracement to 1.2110 this week. Summary New ...

Cable Update (GBPUSD)