We continue to short cable due to weakness display.
GBPUSD is weak suckng in buyers. Help is here https://www.facebook.com/groups/Forexpipsclub/members/
Forex Pips Club GBP/USD SHORT update- As you can see our analysis was right , Cable did Drop lower to our second Profit Target. Although our First stop was run by MM who always use news to carry out their agendas.
Cable is weak and is likely trapping buyers. This Risk / Reward is well worth it.
This trade is worth the risk on many levels
1. Beautiful Risk / Reward
2.Cable is very weak no confidence
GBP/USD is weak my risk is very small for great reward
GBP/USD is weak and will likely test lows 1.3073 - 1.2972 - 1.2870 . Time will tell. Very small risk for high reward.
A LIKELY RETRACE IS IMMINENT. LET SEE HOW IT PANS OUT.
Cable finds support @ 1.5463 . higher highs expected. lets see how it plays out . Already in profits.
MAJOR RESISTANCE TRIGGER ENTRY SHORT
major resistance retrace to support
BEARISH sentiment as per cable at major resistance. lets see how it plays out
ADD TO MY SHORT AS MARKET WENT HIGHER. BETTER ENTRIES.
MY SORTH BIAS IS DUE TO OVERALL BEARISH SENTIMENT AT MAJOR SUPPORT AND RESISTANCE.
OVER BEARISH SENTIMENT. I WILL LOOK TO SELL MOR IF MARKET GOES HIGHER.
Bearish bias long term.
GBPUSD find some support and is likely to reverse to first resistance. Lets see how it plays out
EU has major resistance above @1.1412 - 1.1421 so a likely reversal to 1.1375 is expected . i will continue to sell in this zone.