2820 2765 then fresh air under that

Cable Update (GBPUSD)

Going through the magic 200 sma

Cable Update (GBPUSD)

its only a rough guide , take it with a pinch of salt , call it swings its what we all trade at the end of the day

Cable Update (GBPUSD)

If the higher low and higher high swings were the H4 retrace then yes it probably will drop massively but in stages,, the big wave 3 i was talking about yesterday Looks like we cleared the first wave down 12345 then abc now should be 12345

Cable Update (GBPUSD)

well done

Cable Update (GBPUSD)

Look at the hourly 2894 broken old immediate support /becomes new resistance then higher low swing higher high swing double bottom more or less, its going up to resistance @2940 ish

Cable Update (GBPUSD)

Me too , at least on cable, hourly in uptrend , indication of building 4 hour correction, so probably monday before any possible shorting opps, unless your scalping for a few measly pips.

Cable Update (GBPUSD)

Did you trade it? For me this stucture is very good , H4 correction in progress only to drop again today or monday

Cable Update (GBPUSD)

Here is your 200 ema busted all over the place. image

Cable Update (GBPUSD)

Ok, now change that 200 ema to 200 sma or 200 linear weighted or 200 simple now tell me which one is right You chose the ema to fit with what you want to believe Price is the only thing that matters.

Cable Update (GBPUSD)

Looks like we are still in the 4H Swing H1 correction support must come in at 2850 or lower , daily trend still not reversed. would of liked to short this morning but stop comes in too big. 15 min First swing down then second swing retest was the ...

Cable Update (GBPUSD)

This is a little experiment to see if i can reverse the structure that i trade @be so no loss possible It was not easy, my brain was in pain from thinking to get it right. The structure was i assumed swing 1 up then abc down and then 123 up but i ...

Cable Update (GBPUSD)

No more shorts , will wait and see what the structure looks like tomorrow

Cable Update (GBPUSD)

Cable might be about to plummet again or maybe not, wishful thinking need a close below the wedge pattern on 15 min

Cable Update (GBPUSD)

Well good luck with that , i don't think of trading as based on times of the day but if it works for you good, personally i would not recommend it to others for the sake of a few pips , i can wait for more action going with the flow rather than ...

Cable Update (GBPUSD)

Dangerous game taking counter trades , best opps are with the main drag that is where the money is

Cable Update (GBPUSD)

Momentum rises at the bottom of the swing, thats the first clues get out

Cable Update (GBPUSD)

One of my rules is if confused , stay out, never try and make it fit to what you want

Cable Update (GBPUSD)

Good job Do you trade any other pairs , i usually scan every available pair twice a day, top down Found a gold long trade not long ago, already in profit

Cable Update (GBPUSD)

For now looks like i have taken profit in the right place

Cable Update (GBPUSD)