Not sure how this channel will play out, I prefer it to break up. But FOMC is coming in just a few days and that's a big big wild card.

Cable Update (GBPUSD)

I think we are going up, arent we?

Cable Update (GBPUSD)

GBPUSD is still in the morning range, the news spike seems to be fakey, still waiting for the breakout.

Cable Update (GBPUSD)

What's the logic behind the rise of EURUSD? That Fed no longer able to hike? That ECB no longer able to cut anymore? That Euro is the new Dollar?

EURUSD

Watch 1.4117, for long, or short at break

Cable Update (GBPUSD)

Is cable working its way down?

Cable Update (GBPUSD)

Bearish bar with non-negligible wick on top, I'd be careful with long, while I'd be more inclined to sell if it goes higher.

Cable Update (GBPUSD)

It touched 4171 and bounced, to me if H4 closes 10-15 pips above that, there will certainly be a re-test. If H4 closed too high above, maybe above 4200, then we are probably reversing back.

Cable Update (GBPUSD)

I am shorting from 4196, after got burnt once for long from 1.4200(didn't get out quick enough) I target 4117. Watch this H4 close see if it either close below 4171, or leaves a bit space to crush 4171

Cable Update (GBPUSD)

Not sure if this H1 pinbar will play out, the wick is slightly shorter than I'd like though

Cable Update (GBPUSD)

I have two target places to go long, S1 at 4171. Then 4117. Before that I will short scalp.

Cable Update (GBPUSD)

Cable test H4 resistance again, if this holds, it will drop

Cable Update (GBPUSD)

4117 rejected 4235 touched, see if H4 close above 4200, should still have some momentum left for the 50% fib at 4250

Cable Update (GBPUSD)

Dude, NFP is still NFP, NFP still rocks the market

Cable Update (GBPUSD)

I had another look and I think the bottom holds for now, so stay with long now

Cable Update (GBPUSD)

Now look at H4, signs everywhere. Remember what happened to USDCAD, it could happen to GBPUSD as well.

Cable Update (GBPUSD)

For movement like this, I always thought that it is just pushing into a demand zone and drop, but I never get a grasp on how to pick the zone efficiently so that I can make money out of it.

Cable Update (GBPUSD)

It is basically GBP strength

Cable Update (GBPUSD)

Seriously, straight line up, 157 pips in less than 6 hours? I hate the slow grinding MA supported move.

Cable Update (GBPUSD)