Not overbought, but I opened a short position (should be closed tomorrow): image Simultaneously I've put a Buy Limit (it should be triggered tomorrow): image EDIT: Actually I am changing TP for the long to 1.40807

Cable Update (GBPUSD)

There were 10 "drops" to the minimum price already (1.37251 - 76.4% retracement of the February movement). The buyer's "spring" has been squeezed by that enough for GU to jump to 1.41800 until end of April...

Cable Update (GBPUSD)

End of this week - 1.40800?

Cable Update (GBPUSD)

I am adding more longs until end of July. Setting shorts only at fundmental levels for 50% retracement (and adding longs at the TP from shorts).

Cable Update (GBPUSD)

Yes, that AstraZeneca news changed the monthly candle for March which should be a doji... But now everything is back on track and we are going up so April monthly candle can close @ 1.41800.

Cable Update (GBPUSD)

Question is - is it tick or real volume? Tick volume is irrelevant. If real - we will have a quick drop on Monday...

Cable Update (GBPUSD)

Waiiiit for iiiiit... (Buy @ 1.38234, no TP, no SL)

Cable Update (GBPUSD)

Let's see if this gets triggered. Buy limit @ 1.38400, TP 1.39029 image

Cable Update (GBPUSD)

We are half way through on the road to 1.39 from the 22/03 bottoms, so it will jump to that... image

Cable Update (GBPUSD)

Crawling up slowly... image

Cable Update (GBPUSD)

On the "testing" account the same setup: image

Cable Update (GBPUSD)

Yeey!!! image Now awaiting lift off towards 1.39

Cable Update (GBPUSD)

Yes, buy limit

Cable Update (GBPUSD)

I wonder if this will get triggered... image

Cable Update (GBPUSD)

Are we nearly there yet? There is still gap on a daily chart: 2021-03-05 image 2021-03-08 image

Cable Update (GBPUSD)

Maybe this scenario? image

Cable Update (GBPUSD)

So, we got the spike. image What happens next?

Cable Update (GBPUSD)

And so we arrived to the next station. image 30 minutes to FOMC, when the fall will get faster (possible spike to clear stop losses first).

Cable Update (GBPUSD)

Why 1.37-1.375?

Cable Update (GBPUSD)

I think starting tomorrow, we will fly up until we reach 1.4 - 1.41

Cable Update (GBPUSD)