Well its confirmed cable has the virus its bearish correction H4 but i will still not go long, as bearish correction means price flow is still down

Cable Update (GBPUSD)

Someone once said Moty is right 70% of the time , i agree he is right to go the wrong way 70% , anyway good luck to you Moty , this game is not easy for anyone. On another note corona virus cases rising fast in my area so decided to go panic buying ...

Cable Update (GBPUSD)

Not closing as 4H correction at the moment so it could be the previous 4H down swing is still in play , in this case after the H1 abcde then a simple break of the low at 2723 is all that is needed

Cable Update (GBPUSD)

What is the basis for what your saying or is that what you want to happen or a crystal ball prediction? Im only going by price action , the intraday daily trend has been reversed ,4h in correction , if hourly trends down then we go down lower, no ...

Cable Update (GBPUSD)

Daily close below 2768 support low and trend reversed, 4H in correction, will short if hourly starts to trend down, the last 4H swing did not trend down hence the sideways action yesterday, maybe this new 4H swing will do the job. 2585 still on the ...

Cable Update (GBPUSD)

It could well be making a higher low or if you look at it on the H1 it could be a double sideways pattern, that is why i advise staying away from trading this low in the swing. The only way to be sure of a continuation is take the break of the 2724 ...

Cable Update (GBPUSD)

It will go down, the problem is how far we are down in the swing from the daily , these small waves are where the market makers make it difficult for retail traders that means on the corrective swings the patterns can be difficult to trade

Cable Update (GBPUSD)

Looks like they want to shake the tree a bit more before going down

Cable Update (GBPUSD)

it did not look right to me so anyway stopped out a@b/e no harm done

Cable Update (GBPUSD)

Stop @b/e looks like 1H 15m going into some expanding triangle pattern so will prob get stopped out

Cable Update (GBPUSD)

Yes, shorted @2776 target around the 2585 level, will post trade chart later. Im not 100% with this trade as it may be going into a sideways pattern on H1 , will try to get stop at b/e asap

Cable Update (GBPUSD)

Your cracking me up Navk ,at least give some reasoning so maybe i can learn something

Cable Update (GBPUSD)

Congratulations Almo

Cable Update (GBPUSD)

There is an hourly support which is also a daily support at 2584 and is the old support became resistance back in october 2019 If we close today below the 2768 low then this means the uptrend is now reversed and down we go to 2584 at some point

Cable Update (GBPUSD)

now hit +110 x 2

Cable Update (GBPUSD)

Ok point taken , well done everyone, apologies if anyone offended

Cable Update (GBPUSD)

Yes be careful everyone the 2823 is a 4 hour support , the critical one is the 2768 and 2781 is where they used the old support became new resistance on 4h back in november 2019 when the big move up started, so these are very important levels

Cable Update (GBPUSD)

Hey Vikinsa Good job, i think you and me were the only ones from the beginning that were calling this move.

Cable Update (GBPUSD)

On a side note here is one of my other trades eujpy @be now with 2 lots 68 pips profit , if im right i will be taking 200 pips x2 of this trade. image

Cable Update (GBPUSD)

these are true support and resistance not bases on indicators , trust me they are 100% correct

Cable Update (GBPUSD)