The Daily Time Frame is calling for 1.241

Cable Update (GBPUSD)

Is that in reference to your stoploss ?

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What is your risk to reward ratio on that trade? is it a swing position?

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I see the previous high being retested on the 1 hr, so if you had buy entries take some profits here or move your stops to BE or higher. The last two 4 hr candles are very bullish so expect price to make attempts to establish new highs today to ...

Cable Update (GBPUSD)

Hi Moty, It's far riskier trying to pick the top than to wait for price action to confirm the move. The trend is bullish and it looks more likely to retest the high of 1.3950 from here than to reverse. The higher timeframe is KING.

Cable Update (GBPUSD)

What time frame?

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Why will it? The market could also consolidate from here or push further.

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Shake and Bake

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Was there news or an announcement at 6 PM GMT?

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I must say you really have a gift of always being on the wrong side of a trade. How do you do it?

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You've been looking at your screen upsidedown since 1.25000!!

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Stopped out.

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Sold @ 1.3129 SL 1.3131 TP 1.3000

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IMO bears have unfinished business with 1.2980

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Instead of calling him a fool, why not teach him?

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Most recent 1hr candle close doesn't look good for bears, keep your stops tight.

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Moty did you close your GU short went it went in your favour?

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I see that happening too, however the daily candle open was indecisive so any move down should provide buying opportunities. A 4h close above 1.3105 could open up last Friday's high.

Cable Update (GBPUSD)

akim0895 what are your thoughts on GU breaching 1.317 today?

Daily Trading Ideas

Bought @ 1.30715 TP 1.3120 SL 1.3050

Cable Update (GBPUSD)