I could see the support at 1.2530 where GU is most likely to bounce and as long as that support holds long position is favored on the pair . That is what I can see on my own price action strategy . Time will prove me right or wrong .

Cable Update (GBPUSD)

There is no point arguing with the market .It is better to accept you were wrong when market proves you wrong and wait for another better opportunity

Cable Update (GBPUSD)

Market really lacks direction.Everytjing is messed up here

Cable Update (GBPUSD)

Mate , you are not the only buyer. I am long on GBP/USD . What I see on my chart points towards upside and by principle of trading , I trade what I see

Cable Update (GBPUSD)

For those who come short of GU , please take a look at Dollar Index on both 1H and 4H charts . It looks bearish and that means that GU will take advantage of that to move up . Anyway , that is just my own opinion. I am still long on this pair , I ...

Cable Update (GBPUSD)

Having watched the price action after removing my previous long positions at 31 pips profits, I still hold on to my long bias and I have initiated another long positions . I would watch how things play out on this . I will give update later

Cable Update (GBPUSD)

I closed my buy positions at 1.2344 just to see the price action around 1.2350. It is just 31 pips profit, my bias has not changed at all , I remain bullish on this pair . Any downward correction will be an opportunity for me to buy again .

Cable Update (GBPUSD)

In one of my posts yesterday, I said that GU has one more downward move to complete a particular structure according to my own wave analysis and after which a big wave is to the upside. I am not really interested in any downward move but rather a ...

Cable Update (GBPUSD)

It looks like we have exactly the same spectacle with which we see and look at the market . The same view and thought here and my positions are here to substantiate that . I wish you good harvest of green pips mate

Cable Update (GBPUSD)

I went long at 1.2313 because price seems to have got some bids at the support level of 1.2282 area and my stop loss is just at 1.2280 in case of any eventuality. I am more comfortable with buying this pair as long as major support level still holds.

Cable Update (GBPUSD)

My long got smashed as the price broke the support trendline, it was just a little loss. I will take time to watch and study the market to know what next line of action will be

Cable Update (GBPUSD)

I am not too comfortable selling GU moreso that the price still stays above the trendline support . Double bottom at 15m time frame , I go long from here with a tight stop loss in case it does not play out as planned .

Cable Update (GBPUSD)

I close my sell at 35 pips profit because the trendline may provide support for the price and if there is a good bounce , from there , I will be looking to buy and if it breaks it down , I will wait for further confirmation and then sell . I will be ...

Cable Update (GBPUSD)

I have similar view with you , there is still high probability of one more wave down to complete a particular market structure according to my own strategy and after that , a big upward move . I will watch how the market moves downward with smaller ...

Cable Update (GBPUSD)

I was eyeing 1.2484 to enter short but the price could not reach that place before coming down . There is still one downward wave before a big upward move . I have already taken short at 1.2386 and if the support trendline is clearly broken and well ...

Cable Update (GBPUSD)

I see the price making an effort to attck the resistance at 1.2484 but my tp is at 1.2361 just for today on GU

Cable Update (GBPUSD)

I took a buy position because I see the proce trading above the trend line which may serve as support . Though it was the news impact that pushed up the price and the 4 hourly chart looks bullish . I will add more positions as soon as that is well ...

Cable Update (GBPUSD)

Looking at the chart , 1.2474 area served as a resistance on 27th March to 2nd April and that resisitance is playing out . As long as that area holds down the price, sell is favoured

Cable Update (GBPUSD)