Yeah reviewing GU D1 charts with a strong reversal stick there sitting at a strong TL, and AMR almost out, upside seems to be capped for now on, the R/R is shifting for the downside, let's see if we can print 6200 next week. updated my thread ...

Cable Update (GBPUSD)

Oh wow, I figure 6740 is the next stop after GU takes a short breather upon testing 6660. damn what a run this week. Actually, if you take that triangle base, it's 250 pips, at point where it broke out price was 6500 approx, so that kinda derives ...

Cable Update (GBPUSD)

Oh man, just watching USDX H4 it gave plenty of warning is advance, aslo the triangle break and H3 bullish hook reversal ahead in advance - was pretty clear that the direction was set for the day! If that's not TA, than I'm not sure what is really. ...

Cable Update (GBPUSD)

USDX H4 gave hints of longs on GU/EU ahead of time. image

Cable Update (GBPUSD)

image nAV, I don't usually follow EW, however here's the H4 analysis, clearly pointing to more upside @ 6700-6800 area, also cycles pointing higher and generally seasonal factors kick in for GU so more upside should be unlocked soon, unless of ...

Cable Update (GBPUSD)

this is very deep.

Cable Update (GBPUSD)

not a bad idea generally, since AWR is out on GU, however AMR 200 more pips on the upside, besides it broke the M30 triangle to the top + H3 bullish hook pattern. image

Cable Update (GBPUSD)

GU H3 doing a bullish hook rev, also M30 triangle broke out to the upside, lacking momentum somewhat, still hinting that GU might try for 6600. pending order @ 57 seems like an OK idea with a small lot. image

Cable Update (GBPUSD)

nAv, here's the chart I did, which is 16 years of data of dow and USDX, kinda USDX done that before already. Markets down, gold up, and periods, where dollar went up, as Dow dived into deep waters. sorry it's pretty big, but cant' trim it ...

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nAV just saying, this USDX is a mean SOB not easily tamed.

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image image USDX H1 line broke so now better watch out.

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with USDX H1 big question is that line gonna hold? image

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yeah USDX is like chinese sun tzu warfare it kinda digs the tunnel below the surface and then suddenly emerges behind you.

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good lesson learned from Azim is to watch USDX strength into Thursdays and Fridays and generally be mindful of it's movements, it's too bad sometimes I forget about it - the failure to assemble all the bits and pieces of the puzzle is costly though, ...

Cable Update (GBPUSD)

yeah, the SL was too tight which is kinda unfortunate, since it did a pullback right after. oh well, move on to the next one.

Cable Update (GBPUSD)

I figure 7 hours to go before it resolves to the top, meanwhile got caught up in range and made a poor exit - time to decrease lots and increase SL. - 40K in 10 minutes kinda hurts.

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image Looks like the half-asses USDX found support on H4 chart @ the highlighted area, with a reversal H4 stick sitting right @ the monthly mid pivot, so this doesn't help really.

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imo that SOB EU is looking good as well

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I figure it's charging up for that combo move. image

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Yeah nAV bro, TL is there, still the expanding triangle and the PA arriving from the bott does hint resolution to the upside, which means 6660-6740 targets should be reached soon. I'm only looking for longs, with that kind of PA structure shorts ...

Cable Update (GBPUSD)