Two of them taken out. 14100 is weak

Cable Update (GBPUSD)

GB poor low taken out, Tokyo low tested and back in range again. TO go down we have to confirm below Tokyo low at 14119

Cable Update (GBPUSD)

And major pit targets at 14007 - 13983 Old double pass pit gap

Cable Update (GBPUSD)

Exponential odds to come down and take out the 3 targets (all Poor lows 14125 GB poor low + 14105(yes Tokyo PL) and 14093(yes Sydney PL) ) But before maybe we have to correct something above. (like the round 14150 or more)

Cable Update (GBPUSD)

GB Poor low and weak round level at 14150

Cable Update (GBPUSD)

Weak round level at 14150 taken out but we come from hb 14164 ( 3 pips above ) and from yes unch 14192 ( 3 pips above ). So I'm still flat. Targets below abviously remain unprotected.

Cable Update (GBPUSD)

To understand the weakness of the current money involved in this session have a look to the high and low of overnight market: None of the two have been tested yet. Sydeny high at 14211 and Tokyo low at 14119 are "untouched". And 3 hours are passed ...

Cable Update (GBPUSD)

It was a rhetorical question. For sure those who are selling from a weak level are weak hands. The problem here is to understand how far a weak move could go and if the weak hands below are currently weaker then the "above" weak hands or vice versa. ...

Cable Update (GBPUSD)

unch= unchanged. It means the close price for the previous x session. For instance yes Pit session unchanged is at 14201. They are notable prices for weak money (trading money). Righ now we can see a GB high 3 pips above yes GB unch. Who do you ...

Cable Update (GBPUSD)

Little RECAP: 14218 yes pit high is BtB with 14/06 Tokyo high so is weak right below we have the 14204 weak GB today high: it's weak because it's tagging the base of the GB multipass gap 14204-14284. then we have the weak level at yes unch 14192 We ...

Cable Update (GBPUSD)

weak high at yes GB unch 14192 plus weak high at 14205 right below the multipass GB GAP (14205 - 14284) Currently we are not able to stay above yes unch 14192 and yes close at 14180. To see something bigger above we have first to observe ...

Cable Update (GBPUSD)

First of all: Thanks, I appreciate it. Then a little disclaimer: we are before huge upcoming events. There are no money in the market at all: I mean no investors, no higher timefremes, no "smart" money. There is only trading money. So it's mainly a ...

Cable Update (GBPUSD)

I didn't hear the clap... 14150 is weak. Targets still in place at 14106 and yes Sydney low 14093.

Cable Update (GBPUSD)

Here we are: finally taken out!

Cable Update (GBPUSD)

Taken out both of them. image

Cable Update (GBPUSD)

First up cluster at 14177 taken out. We're right obove yes close at 14180.

Cable Update (GBPUSD)

Well, it's revisited but it remains unsolved and now is a poor low too. Let's see if the sequence provide us a correction of yes Sydney high (or at least the poor structure at 14191 and 14200) before to coming back again.

Cable Update (GBPUSD)

...and in the meantime, between the Alps: Switzerland withdraws longstanding application to join EU

Cable Update (GBPUSD)

GB low at 14139 is back to back with yes. low. So it's highly probable to revisit and solve this weak level.

Cable Update (GBPUSD)

And Asia and Syndey leaves a very bad structure above with clusters and a poor high (Syndey)

Cable Update (GBPUSD)