GBPUSD - What Does The Future Hold For Cable?
In comparison to the equities market, GBPUSD has been on a tear for the last few days with no sign of pulling back in sight.
But with that being said, a short term retracement back into the weekly bearish order block (acting like a inverted OB) would still be considered to be healthy in the grand scale of the bullish buy programme that started in Oct 23.
Looking out for 1.28118 - 1.27500 going forward into next week
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
But with that being said, a short term retracement back into the weekly bearish order block (acting like a inverted OB) would still be considered to be healthy in the grand scale of the bullish buy programme that started in Oct 23.
Looking out for 1.28118 - 1.27500 going forward into next week
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Trade closed: target reached:
Throughout the whole of this week, i have been fighting food poisoning with today being the day i was admitted into hospital hence the reason for a delayed update to all of the asset pairs analysed for this weeks trading. But this does not mean abandonment!
Cable, unlike Euro was a bit dramatic with the selloff with only one day being a bullish spinning top day which occurred on Wednesday. Any days before and after was a straight sell-off, as expected.
My weekly target was for a minimum of 1.27467 to be met as this was the halfway mark (50% EQ) form the immediate swing lows and swing highs which was teased on the Tuesday but 100% filled on the Friday.
Just like Euro, there’s plenty more opportunity to the downside with potential for dollar shoot through the roof. With that being said, my new analysis for what I expect going into next week will explain all the nuances.
I like the looks of 1.26881
Cable, unlike Euro was a bit dramatic with the selloff with only one day being a bullish spinning top day which occurred on Wednesday. Any days before and after was a straight sell-off, as expected.
My weekly target was for a minimum of 1.27467 to be met as this was the halfway mark (50% EQ) form the immediate swing lows and swing highs which was teased on the Tuesday but 100% filled on the Friday.
Just like Euro, there’s plenty more opportunity to the downside with potential for dollar shoot through the roof. With that being said, my new analysis for what I expect going into next week will explain all the nuances.
I like the looks of 1.26881