It is. Wait for a retracement, buy on the 5Min/15min charts. Target 1.4482 and 1.4632. meanwhile, target 1.445

Cable Update (GBPUSD)

Nice one. Im no expert on Elliot wave but i love the channel on your second attachment. Seems it will get there soon

Cable Update (GBPUSD)

Did you take your trade, your was a nice set up

Cable Update (GBPUSD)

My overview for 2016, if we have two daily candles close above the SMA

Cable Update (GBPUSD)

Long term????

Cable Update (GBPUSD)

This should really convince the bears

Cable Update (GBPUSD)

Bulls have it

Cable Update (GBPUSD)

No need to move the trendline up. Use the close not the wick. Demand outweighs supply with the cable right now. A retest ot the broken trendline is likely

Cable Update (GBPUSD)

Ill wait for the close of the current 4hr candle and maybe a few more before placing another trade. Tomorrow 6am GMT might tell us the direction. Out

Cable Update (GBPUSD)

hope your Tp was hit

Cable Update (GBPUSD)

same here

Cable Update (GBPUSD)

Nice

Cable Update (GBPUSD)

[quote=Ll1979;8879314] i stay on the sideline until either break trendline and retest rejection trendline with a nice engulfing[/quote same here

Cable Update (GBPUSD)

Played out nicely, just like Friday. This level right here could be a sell, but i dont do counter trend. The resisting trendline is significant so i think it will fail to break. I'll wait for a break and a retracement.

Cable Update (GBPUSD)

I agree, but if the overall market is turning bullish, demand might exceed supply.

Cable Update (GBPUSD)

Ill hold for my tp then wait to see if it breaks or fails. Cheers buddy

Cable Update (GBPUSD)

There is also significant supply around this level. A break would be significant.

Cable Update (GBPUSD)

what happens here?

Cable Update (GBPUSD)

image

Cable Update (GBPUSD)

Okay, maybe im seeing stuff, but is price at at that 61 fib level every monday 1200hrs? Going up?

Cable Update (GBPUSD)