TF M15 london false break out? tempted to short but it s still too early

Cable Update (GBPUSD)

it s saying to me just to step aside and avoid any trade

Cable Update (GBPUSD)

cable still boxed, what i see on weekly is a long term sell opportunity on cluster 1.2790 - 1.2830.

Cable Update (GBPUSD)

it s going there to fill the gap without any retrace, from daily low @1.2675 there are almost 100 pips and that s the daily meal of MM.

Cable Update (GBPUSD)

according to my keltner channels 1.2764 is now reachable

Cable Update (GBPUSD)

US GDP release worth at least 40 pips move keep it in mind

Cable Update (GBPUSD)

and here we are if hourly close above say welcome on 50ies.

Cable Update (GBPUSD)

for buyers TF H4 critical price @1.2729

Cable Update (GBPUSD)

well closed here. 20 fatty pips. end of the day for me.

Cable Update (GBPUSD)

in this very bored and choppy london session where every upside move seems suppressed i m looking for a session high @ 1.2717, in on figure with fatty size. stealing mode

Cable Update (GBPUSD)

cable boxed since dec 13, smart money above 1.28. have fun till jan 31 on FED interest rate.

Cable Update (GBPUSD)

Absolutely agree. This month cable, like most of majors seems very hard to trade. I ve found a treasure going long on swissie at the end of the year, considering a monthly bottom reached on my system. With multiple entry from .8371 to .8476 i think ...

Cable Update (GBPUSD)

+30K is the consensus, i see just +10k as forecast on trading economics

Cable Update (GBPUSD)

more a retracement than a reversal. volumes not supporting the movement. this upside leg is imho a sideeffect of weakened dollar becouse of super yen.

Cable Update (GBPUSD)

yen is dominating today. there s nothing else to do that go long against all other majors.

Cable Update (GBPUSD)

infact he s already traveling to south, i m waiting him on critical daily cluster 1.2534/29 as you can see on my plan showed in the chart, expecting magnum EoY rush to 1.2877. fingers crossed

Cable Update (GBPUSD)

image santa claus is coming

Cable Update (GBPUSD)

looking at your chart, that s true, buy climax reached. And the support test of figure 1.26 are clear too. personally i don t exclude further secondary tests of figure and a deeper breach to 1.2588.

Cable Update (GBPUSD)