Nice Butterfly from Yesterday pointing to likely reversal area....Will see how it plays out!

Cable Update (GBPUSD)

I gracefully bowed out, as I agreed...Protect the greens!

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LOL, cant fight u for protecting your greens wb.

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Great Trading Chris! Awesome week!

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lol...If I recall WB, you have been short for a long while now, sure u have much greener pips, to buy the house and I supply. How about that?

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Any bulls lingering at 1.6230 so?

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Thanks Chris!

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Good Morning All!!! Woke up to see my sell triggered and tp reached at 1.6290 for 105 pips. Lovely dovely . 1.6240 next?

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True True!

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Yes I know and I was saying hangman so... Well it has been a slow and draining day...trade safely. Will see u all in the morning.

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We disagree but hey, its perception.

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No Chris, the doji opens and closes at or near the same price (11am H1 candle). Spinning tops usually have a body in the middle of the bar.

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Yes alex it is!

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Thanks for this chart Godfrey...confirms possibilities of market bouncing from here...1.6550 is NOT an impossibility. Maybe clearer in London.

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Ok albchr...I was looking for lower lows by now, but now seeing that. So I closed my short...to many buy patterns sitting at this level. Will wait for a break.

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Albchr...I hope that keep hanging on and thumb up is meant in a REAL way...1.6410 support stubborn...tightening stops on profits

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Finally — Come to mama...1.6357, 1.6312, 1.6250

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DITTO!!!

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Ok, well I took the flight at 1.6451, will see what goes. low risk entry.

Cable Update (GBPUSD)