Diamond formation in H1. Frankfurt open should show the direction.

Cable Update (GBPUSD)

Pound seems to be holding above 1.206 currently Euro has been weak and showed little signs of bullish momentum yesterday. However, my H4 view still shows a potential bull move today. (If you're using BB, the price is at the parabolic end of Bb, ...

Cable Update (GBPUSD)

I'm waiting, m5 currently looks like a huge ass right angled triangle. (From the news drop onwards) heck we could even be forming a diamond shape :/

Cable Update (GBPUSD)

Bro jumping from strats to strats almost every week.

Cable Update (GBPUSD)

Yeah I heard about it somewhere about the negative risk to reward system. But it is not easy to apply it in live market to be successful.

Cable Update (GBPUSD)

For some reason I think we'll get stuck in this range of 1.209 ~ 1.2055.

Cable Update (GBPUSD)

Still holding longs, SL at 1.2055, if it hits then I'll see if I should short.

Cable Update (GBPUSD)

UJ is climbing back up though. Our longs may not be safe.

Cable Update (GBPUSD)

It'll take some time to settle down but yeah sidelines is the best choice if the PA has high uncertainty.

Cable Update (GBPUSD)

Almost every currency is ranging right now. No solid direction.

Cable Update (GBPUSD)

IIRC their USD reserve is still huge though. But given that this is the 2nd or 3rd? (can't remember) intervention, that definitely doesn't look good for the balance sheet. Their monetary policy is the key problem of Yen weakness but idk why they ...

Cable Update (GBPUSD)

I'm looking at UJ lol. I kinda wanna see what it'll happen in the next few hours.

Cable Update (GBPUSD)

They might not last. Price always bounced back to what it wants to do most of the time. Idk :/

Cable Update (GBPUSD)

(BOJ)Japan intervened so I'm also unsure what the current PA will be. Since it's majorly affecting all currency pairs right now.

Cable Update (GBPUSD)

Err I sold USD/JPY earlier. AND WTF JAPAN INTERVENTION. I had 1k profits from my positions. COuld've been 2k if I noticed and closed earlier.

Cable Update (GBPUSD)

Yes. Good place to re-enter long Spicy H1 wick. Look at that bull momentum.

Cable Update (GBPUSD)

As expected, i think price might go below 1.205 to collect liquid before potential upwards.

Cable Update (GBPUSD)

Done for the day, and I'm outta here. Take care and trade safe peeps. Red one coming in 14 minutes.

Cable Update (GBPUSD)

Closing most trades soon, don't wanna get involved in news. Had a few bad news trades lately.

Cable Update (GBPUSD)

Possible, especially when we have important news in an hour. Also this hour is crucial because a new H4 candle is formed and usually at this time a massive move occurs. Even navk mentioned to be alert on this current hour. You can trace it back and ...

Cable Update (GBPUSD)