It might be easier to understand if i just call this swing a larger degree 4H swing that broke structure of the previous 4H larger degree swing using the smaller degree swings it is how the market works ,, fractal nature all on one chart image

Cable Update (GBPUSD)

The larger swing did not break the previous lower high , remember this is at the moment a correction, they can be messy , not always simple abc zigzag, so i have no idea after the reversal is given what kind of pattern it will form, so long as the ...

Cable Update (GBPUSD)

I posted the chart set up a few days ago if you search my posts. However the understanding comes from knowing that a single daily swings tops and bottoms trends and corrections are to be found on H1. Every timeframe contains large and small swings , ...

Cable Update (GBPUSD)

Bears will go to around 2100 as this H1 move stems from a daily correction

Cable Update (GBPUSD)

Well well well , turned into a cracking trade

Cable Update (GBPUSD)

MM s traps are set across DXY and other pairs to trap the wrong direction, look close enough and you will see it

Cable Update (GBPUSD)

Holding my short until there is a reason to exit, not interested in the short terms swings up and down, the larger swings are in control.

Cable Update (GBPUSD)

Personally i do both bottom up and top down, the reason for this is because i focus on the larger swings , each timeframe is set up to show the larger and smaller swings. Starting my analysis on a lower timeframe helps to see the reversal and ...

Cable Update (GBPUSD)

GBPUSD trade that i posted from 2394 doing extremely well, ideal entry was after the structure break and back to the retest @ 2428 but i was too slow. However interesting with Dxy on 4H we had an ABC correction then the push down and now there is a ...

Cable Update (GBPUSD)

Sorry i meant it should not breach it

Cable Update (GBPUSD)

On reflection that triangle is not right this is the more likely pattern a five wave contracting triangle ,, the last leg up should (edit , i meant should not) breach the old resistance image

Cable Update (GBPUSD)

Could be , that triangle does not look right, i searched all the patterns and the only one that would be valid would be a contacting triangle, so one more leg up maybe up to 2400, it can not break the high of the last leg up to be valid

Cable Update (GBPUSD)

Maybe 2100 by the end the week with all the news

Cable Update (GBPUSD)

Tops and bottoms matching up perfectly The bottom is breaking image

Cable Update (GBPUSD)

Taking 60 pips profit on this trade at least it will cover the GBPUSD stop

Cable Update (GBPUSD)

If we have a monthly swing , it depends on which scale of swing you are looking at , if you are looking at a monthly minor swing the trend is there , the minor trend but we use lower timeframes to be able to see that trends thrusts and corrections ...

Cable Update (GBPUSD)

Let's go back to your Dow photo, we all know what a trend is , the blue is the daily making HH HL swings for the up trend and LHLL swings for the downtrend, the dotted trend is 4H with the swings making the up and down trends so how can the green be ...

Cable Update (GBPUSD)

I do not see the translation, my chart is referring to daily minor swings which are fully visible on H1. The weekly green in your chart is not a trend, it is a swing

Cable Update (GBPUSD)

That picture is contradictory Daily trend both up and down is making HHHL and LHLL 4H trend is doing the same thing The weekly green is only a swing up and swing down as it is not making HHHL or LHLL

Cable Update (GBPUSD)

It might only be a short term correction in the daily. The hourly trends are daily minor swings but based on the fact that this would be the first daily minor swing correction after daily minor push up , it looks like it could go deep to 2100

Cable Update (GBPUSD)