Looking at the GU monthly chart, looks like a descending wedge is forming. If it breaks up, we can imagine where pound us headed.

GBP/JPY

That is the main reason I am hesitant to take shorts on GU. The ascending wedge might play out on EG.

GBP/JPY

GU and EG charts.

Cable Update (GBPUSD)

Watching 1hr chart. Lets see which side it breaks. I am bullish, waiting for break to add more longs.

GBP/JPY

I am bullish on GJ, will add more longs if it drops.

GBP/JPY

Its going up, clearly shown in the daily and 4hr. BTW I am not scalping. 1.2338 should be next.

Cable Update (GBPUSD)

Where have the bears gone? I am adding more longs on every dip.

Cable Update (GBPUSD)

Daily is bullish for me . Looking at 1 hr chart, 1.2170 should be taken out for the bears to take control.

Cable Update (GBPUSD)

Looks like most of them are convinced with bears. This is still buy the dips.

Cable Update (GBPUSD)

Longs looking good. From Daily and 4hr point of view. I am long, will add more if it drops.

Cable Update (GBPUSD)

132.70 should be next. Confluence area .

GBP/JPY

Bearish PA on 1hr. SL moved to be.

Cable Update (GBPUSD)

Strong movement in pound. Sold at 1.3581. SL 1.3650. TP open. Lets see how she rolls.

Cable Update (GBPUSD)

Next target should be 144, once the TL is broken.

GBPJPY

You don't need to worry about if all the orders were filled or not. Find good supply/demand areas, look for price action in the zone and fire it up.

Supply demand trading and order flow

I have closed all my GJ shorts at 130.80. FOMC today. Will enter a trade once I find a good setup. Flat for now. PS : We may still see 130/129. No reason to long yet. Good luck all.

Dragon Riders GBP/JPY

133.70 done. Extending my target to 130/129. Green pips.

Dragon Riders GBP/JPY

Just my 2 cents . It doesn't cost much to wait till the price shows bullish PA. maybe a few pips we loose. But catching the falling dragon is very dangerous. Hope you have tight stops in place.

Dragon Riders GBP/JPY

Closed all GU shorts and holding GJ shorts still. I would not take GU longs yet.. I will wait for the PA to develop. Lets see.

Cable Update (GBPUSD)

I got same levels as well . Cheers.

Dragon Riders GBP/JPY