Correction soon then 1.40....

Cable Update (GBPUSD)

My Elliott Wave Analyse for Gold.

Cable Update (GBPUSD)

Or below 1.3750 for shorts.

Cable Update (GBPUSD)

If 1.3800 does not break stay away from long positions. If it breaks you can target 1.3900 ....1.3924. For shorts wait for the downward outbreak of 1.3750. Then you can target 1.3650.

Cable Update (GBPUSD)

So many aggressive traders here...

Cable Update (GBPUSD)

No. Look at the structure.

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Why would GU react to it? It is the other way. Your dollar index measures the strength of dollar compared to other currencies.

Cable Update (GBPUSD)

Hey 1.3540, see you soon!

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Still valid.

Cable Update (GBPUSD)

If case of price is consolidating above the local resistance @ 1.3847 long positions are valid with target at 1.3996. If the price falls and consolidates below the local support @ 1.3718 short position are valid with the target at 1.3540.

Cable Update (GBPUSD)

Yes we need to be careful. The drop will come soon.

Opening price US30

Last trade for me today. sell @ 1.3780

Cable Update (GBPUSD)

Buy stop @ 33520 Target @ 33590 I think the price will go higher than 33600.

Opening price US30

I will wait for 1.3924. If the price breaks it i will take long positions with target 1.4050. If the price bounce from 1.3924 with a downward breakout of 1.3857 i will take short positions with the target 1.3760.

Cable Update (GBPUSD)

In case of price consolidation above the local high target will be 1.3960. For Price consolidation below local low target will be 1.3580.

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Destroyed the US30 like always but the breakout trade based on this this strategy hit SL at breakeven. I moved the SL at breakeven to early.

Opening price US30

Closed trade in profit. Not my 50 Pips target but a win is a win. I did not use SL. I watched the trade. image

Opening price US30