With today's close on Europe Time: Buy, tomorrow will be a bullish session.

Cable Update (GBPUSD)

Although the trend is starting to show signs of weakness, the price is trading above the 23.6 fibo, holding out hope for a continuation of the uptrend.

Cable Update (GBPUSD)

Reached 1,000 points (10,000 pips) in gbpjpy

Cable Update (GBPUSD)

Mientras el precio cotice por encima de 1.2718 la tendencia alcista sigue intacta. Por arriba el precio a vuelto a probar la zona 1.2846 no ha podido romper esa zona, es posible que estemos en una cotizacion lateral un tiempo. image El par gbpjpy ...

Cable Update (GBPUSD)

Today is a public holiday in the US, so I don't expect big movements.

Cable Update (GBPUSD)

The price finally reached the 2nd monthly resistance 1.2846. Now the price should reverse to 1.2719 which is the 23.6 fibo of the upward move. A piece of advice, look for the trend on 1 month, week and daily charts and stay away from intraday noise.

Cable Update (GBPUSD)

The price is approaching the 2nd monthly resistance 1.2846. It is possible that in this area the price will take a breather from the upward movement.

Cable Update (GBPUSD)

Follow the trend, don't try to be a fortune teller and go against it, look for pullbacks to enter into timeframes of less than 4 or 1 h. There is no other way.

Cable Update (GBPUSD)

The price is still in a resistance zone, if it overcomes yesterday's highs it could go to 1.2846. image

Cable Update (GBPUSD)

Two possible next price scenarios: Continued bullish with a diamond formation. image Double top formation with a reverse move. image

Cable Update (GBPUSD)

The price is in an area where several resistances converge, 1.2642 monthly resistance, order block 1.2638 - 1.2688 and in this area also created price rejection candles. At the moment the price respects the zone until the news moves it.

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Although I am now stuck in the gbpusd pair, I will not switch to short until my system does not give the signal. Following the trend indicated by the system is the only way to make money.

Cable Update (GBPUSD)

Always trade with the trend, not against it.

Cable Update (GBPUSD)

Japanese bank Nomura, who has been a controversial but very accurate forecaster of Fed rate hikes, predicted a rate cut to -25 bps. How will the market react if the cut comes to pass?

Cable Update (GBPUSD)

The global money supply M2 is currently contracting. This is the fifth time this has happened in the last 150 years. Each of the previous four cases resulted in economic depressions and double-digit unemployment rates.

Cable Update (GBPUSD)

Once the gap or imbalance is filled, the price may continue its downtrend.

Cable Update (GBPUSD)

Bullish impulses are faster and move more pips than bearish movements, I will only take buy trades when the market structure allows it.

Cable Update (GBPUSD)

image

Cable Update (GBPUSD)

Short

Cable Update (GBPUSD)