The previous take off last week in the 4 hours candle was from 1.2243 and it extended to 1.2474 before pull back to lower low at 1.2164. Now 1.2164 to 1.2447. Now a close of this current t 4 hours candle below 1.2400 will expose 1.2164 previous low.

Cable Update (GBPUSD)

If this 4 hours candle closes below 1.2400...that will be the turning point and the Bears can look at 1.2230.

Cable Update (GBPUSD)

Still in a sell mode even probably back to 1.20... Any up move should be met with sell until the pandemic is over do we see a rapid bounce to 1.34xx

Cable Update (GBPUSD)

Resistance stands at 1.2474. I will stick to my sell as far as price stays below there. Will hold the sell till it touches 1.2300.

Cable Update (GBPUSD)

Sold at 1.2397 target 1.2300. Stop 1.2450

Cable Update (GBPUSD)

Got stopped. On the sideline now

Cable Update (GBPUSD)

This is a bearish call to 1.2200. Sold @1.2305 target 1.2200 stop loss at 1.2350.

Cable Update (GBPUSD)

Hilarious

Cable Update (GBPUSD)

Did get it to 1.2293. Now need clarity to gather 100 pips. It can't be impossible.

Cable Update (GBPUSD)

I expect reversal from here to 1.2300 - 1.2270

Cable Update (GBPUSD)

1.2200 looks more realistic to me though

Cable Update (GBPUSD)

Closed again at 1.2330. Now a permanent sell from 1.2328 to target 1.2200. Stop loss at 1.2385

Cable Update (GBPUSD)

Manually closed.. Now a long from 1.2284 target 1.2350...stop at 1.2230

Cable Update (GBPUSD)

Sold @ 1.2325... Target 1.2275... Stop loss 1.2350

Cable Update (GBPUSD)

It did get the 1.2170, now watching price action closely to know next moves. There are inconsistencies in the weekly ranges. Better to stay defensive and hit them on the reversal counter attack.

Cable Update (GBPUSD)

Now it's mission accomplished. Since price struggled below 1.2320 for several hours 1.2170 had to be touched.

Cable Update (GBPUSD)

Bearish bias intact as far as price stays below 1.2320... Looking at 1.2170.

Cable Update (GBPUSD)

Got stopped @ 1.2320. Now sell again at 1.2310 with stop loss @1.2330 and buy stop at same 1.2330.

Cable Update (GBPUSD)

Sold at 1.2270, target 1.2180, stop loss 1.2320.

Cable Update (GBPUSD)

Too many wrong calls these days... Now I only want to be a friend of the trend. Inability to break 1.2320 is still bearish trend to me. Dump my buys for good.

Cable Update (GBPUSD)