61% fibo plus bullish break of TL?

Cable Update (GBPUSD)

usually a small loss or gain and sometimes you get lucky and catch a big one...that's what you live on.

Cable Update (GBPUSD)

the chances of a setback are high, as it has failed at the red zone.

Cable Update (GBPUSD)

no false breakout after all. next target could be 1.2600 or the upper channel.

Cable Update (GBPUSD)

very obvious...to obvious? false breakout?

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trend is already steepening

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step by step

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that's what they say, but don't wish it on our countries. it would lead to murder and death...

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probabilities that it will breakout today and reach the blue zone?

Cable Update (GBPUSD)

yes,i agree, the H1 trend is more in a range and an overshoot is unlikely today. i don't know what the market makers have planned after the red news. after more than 30 years of active trading, i am already happy with a 51% probability on my side.

Cable Update (GBPUSD)

nothing changed to yesterday. still an uptrend and favour for longs GU. with red news later maybe an overshoot above trendchannel possible.

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everything actually speaks for further price rises

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yes, also possible szenario, I always expect everything;-)

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it looks bullish today

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on the daily this is a picture book bear flag

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TL rejected, so today it could rumble

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is the market ready for a sell off to 1.2000-1.2050 today?

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unfortunately stopped out BE

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i still favour bear side. i think market wants to see 1.2000- 1.2050

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ah, so you use sunday data for your daily pivot. i have used them without. here are both: first without sunday data image and the second with sunday data. image

Cable Update (GBPUSD)