USD Index — Broken Bull Flag: H1: image

Cable Update (GBPUSD)

No double top, glad I'm out of my long......

Cable Update (GBPUSD)

Out @ 1.5540, initial stop was lower, but USD-strength is too surprising for me. If we get double top on USD-Index 83.14 though, market fooled me.....

Cable Update (GBPUSD)

Closed my long for -50 pips on the retrace Looks USD wants to go up: image

Cable Update (GBPUSD)

Just my view — Obvious movement is towards 1.5510 I'm seeing some relative strength GBP versus USD Latest up move of USD compared to earlier g/u relations would lead to expect GU around 1.5530 but it currently is 1.5595 USD-Index indicates ...

Cable Update (GBPUSD)

Watch out longs, this is USD-Weakness and not GBP-Strength

Cable Update (GBPUSD)

Fundamentals (Cloggie mentioned them) show me a strong GU therefor bias is long. USD looks weak. For some reasons (I do not understand) G is weaker then U today. Even the long existing LTL on GU mentioned by Magix wasn't respected. Conclusions apart ...

Cable Update (GBPUSD)

It still was a beautiful day, so no regrets....

Cable Update (GBPUSD)

Took 8 pips from my latest scalp and closed my 1.5555 long. Relative weakness GBP is heavily hided by weakness of USD. I wait for some genuine strength of GBP to re-enter longs.

Cable Update (GBPUSD)

Still see USD-weakness from here, could be wrong..... image

Cable Update (GBPUSD)

Thought it likely 1.563 would hold seeing broken support on USD Index, well SL @ 1.5600

Cable Update (GBPUSD)

Scalping long @ 1.563 again based on this and botom flag: image

Cable Update (GBPUSD)

Very nice observation, added some scalping longs on break of USD Index support exactly at that level, did you watch that too?

Cable Update (GBPUSD)

TF — Although my descision making TF is H1, it's always astonishing (at least to me) how simple things look switching to higher TF's D1: image

Cable Update (GBPUSD)

Moved SL to BE

Cable Update (GBPUSD)

Thanks!

Cable Update (GBPUSD)

Nice xenu, is it home-brewed or has it some kind of symbol?

Cable Update (GBPUSD)

considerations — Uptics mainly driven by USD-weakness GBP weak too (low of USD-Index should give us highs of GU otherwise). Not sure what to think of this, I can see prolonged USD-weakness but don't like the GBP-weakness........ Question: is ...

Cable Update (GBPUSD)

Gioodmorning all — Long @ 1.5555 SL @ 1.544 Target 1.595 H1: image

Cable Update (GBPUSD)

You from the making, I'm from the eating

Cable Update (GBPUSD)