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)

As far as price trades below 1.2250 is still! Bearish to 1.2000/1.1986 level this week. There will be a 26 - 50 pips bounce before crash again. Only above 1.2250 will there be resumption of bull run. Cheers!

Cable Update (GBPUSD)

Post of 23/05/2020. Here is my view for the last trading week for month of May 2020. Since price closed below 1.2250, the anticipated short term bearish movement has been confirmed and price will find its way to 1.2030/1.1986 region before final ...

Cable Update (GBPUSD)

EURGBP is going to face a decline sooner rather than later. Last weekend I posted a correction to 0.8450 and once this happens Eurusd and GBPUSD will have 20 cents difference between them. As eurusd is trading at 1.09, GBPUSD should be trading at ...

Cable Update (GBPUSD)

Thanks for digging it out mate.

Cable Update (GBPUSD)