That would be the start of a new impulse wave up 12345 , the current move is the ABC correction image

Cable Update (GBPUSD)

That up move was not sustainable - upside B of ABC and now the impulse down for C , then i will consider taking a long for a big move up but well done to anyone who go something out of the move up. 3150 -60 is the area to start looking for a long ...

Cable Update (GBPUSD)

Maybe only down 3157 if we consider the last H1 move up as the first swing of a new wave, that area or there about has acted as support then resistance and now support if you look at pa up to the 2nd of September image I am seeing a possible ...

Cable Update (GBPUSD)

Short side maybe 3100-3085 then maybe a big push up but letz see what sets up, at the moment i can not see which timeframe to try for another long later, i would like to see the short side complete before making a decision, that is if it does

Cable Update (GBPUSD)

Up to 21k now for the week

Cable Update (GBPUSD)

Look at the weekly , this whole move up is corrective in 2021 we had that big push down , this current move 3 swings up is the push back retest

Cable Update (GBPUSD)

3517 max and then a crash i believe

Cable Update (GBPUSD)

Join my propfirm ( to admin, i have no affiliation to this company and this post is intended as a bit of a joke as someone named a prop firm with my user name, i can delete if required) image

Cable Update (GBPUSD)

Result image

Cable Update (GBPUSD)

gbpusd buy 10 lots 3212 stop loss 3204 (8 pips) image

Cable Update (GBPUSD)

Some losses Friday, that is trading , day off monday, back to work, some ongoing trades 13.5 k net so far image

Cable Update (GBPUSD)

Markets will cycle through double correctives and single correctives on H1 whose origin is D1

Cable Update (GBPUSD)

Can wait for it to trend or be an idiot like me and get in too early

Cable Update (GBPUSD)

Letz hope this is it , turn around time , usually 4 GMT but we are on BST (british summer time is plus 1) 5 pm so about now

Cable Update (GBPUSD)

For me it is about the swings as retail traders we tend to focus too much on the very small movements chasing every little PB whether it be trying to find the bottom ,middle or whatever for an entry. The bad news is that the markets are a lot bigger ...

Cable Update (GBPUSD)

Well done , maybe i entered a bit too early for the short but for sure a top is forming on EU,GU and eurcad, none have taken my stop yet so this well be the highs in

Cable Update (GBPUSD)

Like i said it is all about risk , i guess i may lose this time but that is trading

Cable Update (GBPUSD)

Check eurcad H1 making the same fake out move as eu and gu

Cable Update (GBPUSD)

No problem, at the end of the day it is all about risk no matter what i think, i could be wrong , i could be right , so long as it is within my risk tolerance im happy win or lose.

Cable Update (GBPUSD)

I am thinking about new lows on both eu and gu because the last 3 swings on my chart look like an expanding flat and GU and EU are still in D1 down swing image image

Cable Update (GBPUSD)