This recent movement up might only be to touch 61.8 and then go deeper down.

Cable Update (GBPUSD)

Question for now is: 1. will we "consume" the whole "Recent" fibo down to 1.36100 (this would open further downwards move to 76.4% "Previous" fibo @ 1.35791) or 2. will we go up to the top, exceed it and make a new movement for a new Fibo afterwards ...

Cable Update (GBPUSD)

So this variant went well. Next steps were (at the "Recent" (2021.01.26 07:30 GMT to 2021.01.27 07:30 GMT) Fibo): 1. Retrace to 50% with a double swing. 2. Retrace to 61.8% with extension south indicating where th price wishes to go next. 3. Small ...

Cable Update (GBPUSD)

There could also be a different scenario (orange arrows): image

Cable Update (GBPUSD)

GU was "thinking" on every fibo level (rectangles). My idea for today: image

Cable Update (GBPUSD)

1.371 reached - up now?

Cable Update (GBPUSD)

? image

Cable Update (GBPUSD)

Sure, we can finish the day above 1.3500.

Cable Update (GBPUSD)

That might be a bit late as asian session will pull GU down ~30% of the total daily drop.

Cable Update (GBPUSD)

Look at entry levels and times. Find them on the chart. See the points where the price was activating both of those positions? I collected profit from the 1st move, put sell limit again on the same level. It got activated, just seconds later the ...

Cable Update (GBPUSD)

I guess it can go up from here to 1.35180 till the end of the day and continue the fall tomorrow (to 1.34000).

Cable Update (GBPUSD)

Is there any limit to my correct predictions today...? Two transactions with almost identical entries. Based on rebounce limits collected 200% of the move. image

Cable Update (GBPUSD)

Well that was quick: image

Cable Update (GBPUSD)

YUP! Price went above mentioned 1.34925, so a short trade has been activated @ 1.34950 image

Cable Update (GBPUSD)

Second attempt on breaking below 1.34850: image There might one more push up to 1.34925 be needed to fall through this on a 3rd attempt (about 14:00 GMT).

Cable Update (GBPUSD)

So let's have a look at how it went so far. image Waiting for a little rise above 1.35500 and activating another set of shorts. This time TP will be lower ~1.34850. EDIT: The rise not above 1.35500 but just above 1.35144

Cable Update (GBPUSD)

So... UK has pushed the price higher than I expected. That delayed the process of GU going down. But no stress - this only added time to get more shorts from a higher position. This also stenghtens the force with which GU will go down. Predictions ...

Cable Update (GBPUSD)

My opinion: if today closes below 1.35800 then Asian session brings GU below 1.35500, London pulls back up to 1.35500 and at about 2pm GMT we are going down to 1.35144. EDIT: Possible crossing through 1.35144 straight to 1.34800, swing back to ...

Cable Update (GBPUSD)

BoE's Bailey: "𝐖𝐞 𝐚𝐫𝐞 𝐚𝐥𝐫𝐞𝐚𝐝𝐲 𝐬𝐞𝐞𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐚 𝐜𝐞𝐫𝐭𝐚𝐢𝐧 𝐚𝐦𝐨𝐮𝐧𝐭 𝐨𝐟 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐬 𝐡𝐚𝐯𝐢𝐧𝐠 𝐭𝐨 𝐦𝐢𝐠𝐫𝐚𝐭𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐄𝐔." "𝐀𝐫𝐨𝐮𝐧𝐝 𝟓,𝟎𝟎𝟎 𝐭𝐨 𝟕,𝟎𝟎𝟎 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐣𝐨𝐛𝐬 𝐡𝐚𝐯𝐞 𝐦𝐢𝐠𝐫𝐚𝐭𝐞𝐝 𝐭𝐨 𝐭𝐡𝐞 𝐄𝐔 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐨𝐟 𝐁𝐫𝐞𝐱𝐢𝐭." Is this something positive? (And it's just the ...

Cable Update (GBPUSD)

Last hour's low is 1.36029. Current hour's low is the same. New resistance or does anyone have it marked already?

Cable Update (GBPUSD)