Shorts are back in the house That last up move being corrective D1 above W1 could be an expanding triangle abcde, e may have failed and H4 is showing an impressive bearish engulfing and after that a liquidity bar picking up limit orders. Shorts ...

Cable Update (GBPUSD)

What can i say!!!! Have to blow your own trumpet sometimes

Cable Update (GBPUSD)

So GBPUSD is now trending up on H4 What say the shorts now image

Cable Update (GBPUSD)

Are you trading futures or cfds?

Cable Update (GBPUSD)

Just for fun Half way to passing Apex funding 150k evaluation trading NQ100 mostly on 5 minute chart Have to go slow because of the trailing DD.

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Extremely rare pattern but never say never, ultimately after a correction whatever the pattern price should trend down on the swings on 1H or 4H bars so does not matter what shape the retracement takes. The important thing is to identify when price ...

Cable Update (GBPUSD)

Then that would mean we are still in B so a bigger C would increase the price even more and break the D1 last lower high Very doubtful this is an expanding triangle , this is is end of the downtrend, we are going back up

Cable Update (GBPUSD)

As i said i am doubtful but if i see H1/H4 trending back down i will consider taking the short, atm it has bounced off that 2944 area i mentioned but that could also be swing two before the drop into a trend.

Cable Update (GBPUSD)

I have been looking at this latest move on GBPUSD to make sure it really is a short continuation and i am starting to doubt it for the following reasons First i am assuming that the prior move up on H4 is a correction within the D1 down swing. ...

Cable Update (GBPUSD)

Would expect a new low below the prior one if this is a continuation of the down trend

Cable Update (GBPUSD)

Just before the weekend , i think we are in for another short move H1 seems to have completed an ABC , just need to make sure this trends down to confirm the continuation ,probably sunday/monday

Cable Update (GBPUSD)

If we close on GU as we are now then D1 is moving up into W1 territory but no change of D1 structure until the last lower high gets broken

Cable Update (GBPUSD)

IMHO This current move is not a correction in the current downtrend. If it was it would be showing 3 move abc up on the 15 as larger degree waves This maybe the beginning of the reversal ( does not mean i am long) yet image

Cable Update (GBPUSD)

Resistance becomes Support for GU 2858 This current down move has its top on the weekly 2858 is the nearest swing resistance

Cable Update (GBPUSD)

This was perfect , impulse at the end of correction - break retest the last HH,HL and down, can happen a high percentage of the time but sometimes there are no orders sitting there so the market will not return to that point but as a guide it is ...

Cable Update (GBPUSD)

Looks like there is no interest at those levels at the moment

Cable Update (GBPUSD)

Looking at the trades section looks like a bloodbath , almost all currencies have been opposing what these traders are doing, they must all be trading the corrective swings.

Cable Update (GBPUSD)

3015 would not be valid for a retest its too high, break and retest is like this , when a swing gets broken , look at the structure of that swing and find the last lower high in this case 3006 on M5 and that is the retest area or Resistance becomes ...

Cable Update (GBPUSD)

Maybe it is not going there , we never truly know where the orders are sitting, eurusd perfect straight back to 0828 and down to a new low, that was a damn good trade for 5 minute with very small stop

Cable Update (GBPUSD)

There is a possibility on GBPUSD of a push up to 1.3000 -07 M5 chart as that is were the last swing down broke so maybe a retest , EURUSD has already made the break and retest

Cable Update (GBPUSD)