UCAD monthly dropped straight into demand zone, so it caught decent bid and can go up to 3600 now, since Brent is below 40 and expected to go back to 30 pretty much could be a non-stop ride to 3600.

Cable Update (GBPUSD)

if/when pound breaks above 4040 definately a long trade. currently just messing around +-20 or so points from the open.

Cable Update (GBPUSD)

too early to call obviously but that ugly H4 combo on GU could turn into inside bar, and bears take over from that point until 3960.

Cable Update (GBPUSD)

exactly tight as hell. Tmrw also banking holidays. Come back here on Monday. Overall looks like the move today north lacks followthrough, as someone pointed correctly previously we got rejected @ DP today. So probably still go more south, ...

Cable Update (GBPUSD)

yeah yeah that's true come back tmrw see what up no big deal

Cable Update (GBPUSD)

fucked up day today. go up go down what a time waster.

Cable Update (GBPUSD)

For instance I waited for this trade (EURGBP short) the whole week, was pissed off I didn't catch the move down on GBP USD, now I'm a happy camper. You have to stick to your own gameplan.

Cable Update (GBPUSD)

+++

Cable Update (GBPUSD)

Investors have bet more than £11 billion on Brexit crushing the pound

Cable Update (GBPUSD)

daily double top pattern on EURUSD another reason why I took EURGBP short. Too much excitement around EUR USD going to 1.2 I figure it's still locked in range and going to 1.08

Cable Update (GBPUSD)

potential EW count on GU with targets.

Cable Update (GBPUSD)

USD news coming up soon (1 hour). However my expectation now is that even positive will effect EURUSD much more than GBP USD. GU was hit hard already this week for pretty much no reason (Brexit BS).

Cable Update (GBPUSD)

GU already broke way past it's open so it's a long only currently.

Cable Update (GBPUSD)

kudos guys whoever got in long GU before the move, my system didn't tell me to go long GU. )) So I went short EURGBP instead.

Cable Update (GBPUSD)

sold EURGBP now @ 7920

Cable Update (GBPUSD)

GU turning bullish breaking out of the M30 downwards sloping trendline could be a mover now.

Cable Update (GBPUSD)

EU H4 setting up in a flag pattern but still lacking clarity on the direction. Still could make sense since dollar rallied for pretty much 4 days in a row, could take a dive now any moment, streak like that don't last.

Cable Update (GBPUSD)

H4 and D1 didn't close yet.

Cable Update (GBPUSD)

I guess market take on retail sales is still negative, since last print was 2.3% getting a negative 0.4 is not that exciting at all, overall looks like GU selling is not done yet.

Cable Update (GBPUSD)

correlation still working for instance on AU and GU, GU sold off hard, so AU probably will have to catch up soon, one possible strategy is once GU lands on decent support, go LONG GU and SHORT AU at the same time arbitrage to close the gap. However, ...

Cable Update (GBPUSD)