Good afternoon everyone GU moves up so quick. 1.27 is major resistance. Break this zone will lead to market structure shift and we might be say good bye to bears, at least for a while.

Cable Update (GBPUSD)

I suggest everyone take a rest and stop trading. There's less than 7 hours until the market closes. The market is slowing down, so even if you find an opportunity, you won't make much profit unless you go all in. I bet most of you hate holding your ...

Cable Update (GBPUSD)

My bias is still Bearish But why do I feel bear is starting exhausted?

Cable Update (GBPUSD)

All we need to do now is patiently waiting. Last day of week, month, and semester. I just cannot make impulse decision. We also have election and NFP next week. So I hope I get one more profitable trade before that.

Cable Update (GBPUSD)

1.27 is the last line of defence of the bear. Successful breakouts from this zone will indicate of changing market direction. I hope not.

Cable Update (GBPUSD)

That's right Fall of GU can be delayed but not denied. I don't see any strong bullish sign of this market.

Cable Update (GBPUSD)

If GU doesn't make higher high anymore, tomorrow might be a bearish day toward below 1.26

Cable Update (GBPUSD)

My setup could be today or tomorrow afternoon. Picture becomes clearer to me right now.

Cable Update (GBPUSD)

H1 closed as Hammer M30 closed as Bullish engulfing I pay attention to this area

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Wait patiently for the setup to be appeared. Hope NY session today I can see the light of it.

Cable Update (GBPUSD)

Even Volume also has divergence at the zone you are drawing. Looks like bear is waking up.

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A disappointed day with only around 30pips range. No trade confirmation for me today. Hope tomorrow will be different

Cable Update (GBPUSD)

Looking for one short one kill setup tomorrow. Price either back to 1.28 or push for another drop to below 1.26. Thank you NY session for bringing market to middle of the trading range so I can setup for trading at tomorrow for better target.

Cable Update (GBPUSD)

It might be retracement before another drop or reversal, NY session will be the answer. I pay attention to it right now

Cable Update (GBPUSD)

Inflation dropped to target But BOE doesn't cut rate Looks like BOE want inflation to drop lower than target so they can print more money to combat current economic impact. 2% is not real target so let's go to 0.5% lol

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I saw the weakness in background, but nothing is clear until BOE news arrives.

Cable Update (GBPUSD)

Finally for the first time in three years, UK's inflation has dropped to 2%.

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I am curious on one thing. Why smart money always get away while they always do a lot of dirty things? Price Manipulation Insider Trading Pump and Dump Don't regulator body do their job?

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To me it looks like Bull is waking up as well. But I just need more confirmation before placing long. Maybe London session tomorrow

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Look how market is trying its hard to drag people into the wrong side of the market. Some good traders here might just stay aside and watch it. Good job guys if you are doing it

Cable Update (GBPUSD)