Number 1: - The market has manipulations and is not willing for most people to be profitable Number 2:- The market is random and previous price actions cannot be used a reliable yardstick to predict future or present price action. Number 3:- A price ...

Cable Update (GBPUSD)

Sold GBPUSD 1.3366... target 1.3215.

Cable Update (GBPUSD)

Added EURUSD at 1.1520... target still 1.1390

EURUSD only

Shorts built from 1.1533 is intended for target of 1.1390. Then new buy positions can start building from 1.1390 to 1.1360 for a target of 1.1500.

EURUSD only

Keep an eye on 1.3132 This March. The bears are back. That move to 1.3373 was for momentum gathering. You can expect a bounce from 1.3132 to 1.3300 in the near future.

Cable Update (GBPUSD)

Exited at 1.3313... +29 pips.

Cable Update (GBPUSD)

Yes, this pattern is somewhat weird and different.

Cable Update (GBPUSD)

So many big news tomorrow but none bigger than the current War in Iran / Israel. Last time war broke out in Ukraine/Russia price collapsed to 1.03 + Liz Truss failed tax reform.

Cable Update (GBPUSD)

This time last week, we already had 200 pips bounce off the low... And thereafter price still went to attack the low with much force.

Cable Update (GBPUSD)

I decided to start the shorts from 1.3342 all the way to 1.3384 area. 1.55 on EU... Typo I guess

Cable Update (GBPUSD)

Exited buy trade of 1.3364 at 1.3342... -22 pips. Now switched to short at 1.3342... for target of 1.3300.

Cable Update (GBPUSD)

Technicals favour short, Fundamentals favour short... March expected distance is minimum of 350 pips expected range... Current range is 265 pips which means at least 85 more pips is expected to break either current high or low of this month. ...

Cable Update (GBPUSD)

Good job mate... I still have buy at 1.3364, gutted I closed buy trades 1.3264 and 1.3300 prematurely but I will add the buy back if price drops to 1.3308 for a target of 1.3364 to close both trades and switch to sell for week end target of 1.3155.

Cable Update (GBPUSD)

Since the fall began late January, the largest bounce on EU is 160+ pips. Same 160+ pips bounce last week Monday/Tuesday. We currently have 90 pips bounce off low, this may imply that possible highest price may bounce to 1.1573 before further fall. ...

EURUSD only

Okay mate, I will keep an eye on that.

Cable Update (GBPUSD)

The smallest bounce EU had recently was 120 pips and 160 pips off low, this means EU may bounce to 1.1533 to 1.1573 area tomorrow before slide may resume. As for GU the biggest bounce off low was 230 pips and considering the pair did 200 pips range ...

Cable Update (GBPUSD)

Buy trade from 1.3262 and 1.3300 exited at 1.3282... +20 pips and -18 pips. Only left with the buy trade at 1.3364 which I believe will suffer a lot if price doesn't move to 1.3320 area My bias is now bearish and I look forward to selling once price ...

Cable Update (GBPUSD)

When it moves this much before London market is settled, then reversal happens 80% of the time. I have added another buy at 1.3260 for a target of 1.3335.

Cable Update (GBPUSD)

Buy limit 2 triggered at 1.3300... target is now 1.3364

Cable Update (GBPUSD)

Bought GBPUSD at 1.3364... target 1.3400... buy 2 limit at 1.3300 target 1.3364.

Cable Update (GBPUSD)