Current target looks like 3092 The daily seems to have paused at the 50% retrace of the upswing

Cable Update (GBPUSD)

Lower highs and lower lows on the 5 min...already done for the day.

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Bones I showed you 5 pages back. Once the bulls find support they they go for the bear support... how hard can this be to understand

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Well that was an outstanding days work making up for my weeks holiday. Days like this are not common at all... I traded the down-move whilst awake and the up-move while I was asleep. Hope this chart helps answer your questions For those following ...

Cable Update (GBPUSD)

If this new bar is a down bar then they have support.

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I see the bears just waiting to get support..this requires a pullback.

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Let's just settle on the Fagin's are doing it.... course they may be ET's also

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Look how price precisely breaks and retest the resistance and it has also taken out the bull support from the bear support

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That is funny S... We use to talk about a bunch of Fagin type characters sitting around a dusty table in a London attic plotting all this stuff...

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Exactly

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See what I mean it is very difficult to find a definitive answer, None of the above tells me why it stops on a dime at the at the levels. I can well understand AB = CD swings and triangular formations because they are of an equilibrium balance in so ...

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Yeah I took it off TG rarely use it.

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This is all difficult to explain and I imagine difficult to understand. A...Takes out B Price now needs another support to take out C It fails so C takes out A The target is now D If the bears find another support they could take on E

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Sorry got my times wrong for the 4 hour it still has a couple of hours to go.

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Look at the 5 min chart on the right. Bears take out the resistance and we see a failed retest and down she comes

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Of course... Bearish support is where the bears find support to trade below the average. Bullish support is where the bulls find support to trade above the average.

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Then what of governments, don't their treasuries have a fiscal responsibility to maintain certain levels. We saw the JPY buy back some of its debts a while back.

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The 4 hour is testing bull support with ten minutes left

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Ok TG let us take retail traders out of the equation. Does that mean all the so called companies are trading in the same direction and not competing for one another's big bucks.

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Something is wrong, it shouldn't take it out because the bears have not found support. There is still 30 minutes to go.

Cable Update (GBPUSD)