Patience is required, the source of this GBPUSD short is from D1 moving against the W1 the top of the correction is on 4h so stops need to go above the 4h swing high unless there is another opportunity to short from 4H HL,HH and entry on 1H then ...

Cable Update (GBPUSD)

Finally we are now back in for the short.

Cable Update (GBPUSD)

I do not get the way this s/d is drawn , i agree supply was originally in that box at the top but that supply was filled and price dropped , so why would price go there again. Surely now supply could be filled at any point during the current move up ...

Cable Update (GBPUSD)

no problem, hmm back below 2450

Cable Update (GBPUSD)

Terrible trading on my part today, should of waited the daily close to confirm the rally for the short but patience got the better of me, anyway will now wait to see how the daily closes before making any further decisions If the day ends below 2450 ...

Cable Update (GBPUSD)

So you will sell? Do you realise a double top is a reversal pattern that is found at major highs the opposite for double bottoms.

Cable Update (GBPUSD)

Well i guess everyone is on a different trading journey , some will learn eventually some will never learn and keep doing the same thing over and over again. The slot machine will keep flashing its bright lights.

Cable Update (GBPUSD)

I would not expect a deep retracement to the upside anytime soon because it looks like the CHOCH and retest were completed within the current 2 4H bars

Cable Update (GBPUSD)

4H making LH, LLs with a CHOCH , there is no mercy for bulls at them moment

Cable Update (GBPUSD)

A few small trades so far, but will add bigger on any rallies image

Cable Update (GBPUSD)

This could sink to a depth of 270 pips over today and tomorrow

Cable Update (GBPUSD)

And here she goes Dive Dive image

Cable Update (GBPUSD)

Second attempt to close thorough 2449 which is the previous 4H high looks like it is failing but too early to say for sure, next 4H close will tell the story. D1 going against weekly means corrective is in progress H4 going against D1 means ...

Cable Update (GBPUSD)

Look at dxy going up , gold going down other dollar front runner pairs moving up, tells the story GU will drop hard later today or tommorow, D1 is down against weekly in corrective mode the current move up is a rally within the D1 down move which ...

Cable Update (GBPUSD)

Soon time to short, on the close of the current 4h bar , there is now the rally i was waiting for , let it come down and show the way.

Cable Update (GBPUSD)

I have closed my USDCHF trade at -2 and - i day swap as i cannot justify holding another day with barely any movement. As for GU , for me it still inconclusive which way it will go , so on the side lines today unless something changes after the Red ...

Cable Update (GBPUSD)

GU is crap shoot today, no further comment to add My swissy trade in the hole but still holding

Cable Update (GBPUSD)

Would you care to explain further?

Cable Update (GBPUSD)

No trade for me on GBPUSD, i saw that it was moving into an upswing that is not a continuation , it might be corrective as D1 is down and 4H was moving up , or it could be the beginning of a new D1 Upswing , in that case there will longs to add ...

Cable Update (GBPUSD)