Im in long @2983 target 3060 ish level

Cable Update (GBPUSD)

Set up for long is looking more promising now as the 4 hour close confirms the prior hourly down swing as a correction in a new swing up, but still i want to see the break of 2991 or some kind of trend up to confirm.

Cable Update (GBPUSD)

i agree that is the best looking option because 2944 low broke and tested the 2958 lower high(resistance) but will wait and see which side breaks before doing anything.

Cable Update (GBPUSD)

Break up 2992 it goes up to 3064 Break down 2944 it goes down to 2820

Cable Update (GBPUSD)

I will give you something to think about, Corrections have trends, so you could see a trend exactly as you have shown on your chart , you think your in a trend so you drop to the lower timeframe and you see the price starting to moving up in a ...

Trend its your friend

Sure , trend is your friend , except for when that trend is a correction, then your screwed cause your on the wrong side

Trend its your friend

Expect a big push down with another 5 wave impulse from Fridays NFP levels, holidng my shorts from Friday, will decide at minor support 2775 to take profit or hold

Cable Update (GBPUSD)

Should sail through the 2755 minor support as we are now in a daily intermediate corrective wave with minor trend , probably a retest of 2755 once broken and then straight down to the 2585 intermediate support which will be the first real test for ...

Cable Update (GBPUSD)

Well i will congratulate myself for a brilliant analysis and trade on nfp day Have a good weekend all.

Cable Update (GBPUSD)

Your pattern is no longer valid

Cable Update (GBPUSD)

GUS at the weekend image

Cable Update (GBPUSD)

Stops if my broker is watching 2961 we have lift off, the ship is sinking , caution 2904 all

Cable Update (GBPUSD)

Or you could be very right as the hourly pattern is corrective , expect an impulse wave below 2921 low and a massive drop Forgot to say, a bit of caution around the 2904 low is advisable , if it breaks strongly hold

Cable Update (GBPUSD)

Lol, thats funny, I have no positions open if you read my plan ( have already taken profit from my short yesterday) , only a sell stop on the break of 2921 low, so i really hope you dont lose your clients money , cause if you do a few of them will ...

Cable Update (GBPUSD)

Fully confident, NFP day is not for the fool hardy so caution is always best in my opinion, NFP and Interest rate days are the two main ones that i trade with caution. A good trader is always ready to react to the situation, a bad trader falls ...

Cable Update (GBPUSD)

Trade update, Cancelled buy stop , still have sell stop below 2921 but fully loaded for the drop to to 2585 by the end of next week

Cable Update (GBPUSD)

Have another look , if 2904 breaks , look at the daily , we are out of the range and trending down

Cable Update (GBPUSD)

Yep that higher low higher high on 1 hour possible bull trap, but we shall see as i have my buy and sell stop in a good place for either side, at least i hope so. For sure if the low 2921 breaks this is gonna be one giant impulse wave.

Cable Update (GBPUSD)

Update again my trade plan, the short trade stop was taken out for +27 so now , i have the buy stop at 2962 (s/l below 2021 low) for target around the 3070 high and i will place a sell stop below the low at 2919 with target open

Cable Update (GBPUSD)

Looks interesting but H&S is stretching the imagination a bit, personally i would not base a gbpusd decision on what the GBPAUS is doing, cable has been consolidating for however long now, and gbpaud trending up so no real corrolation there.

Cable Update (GBPUSD)