Target 2594 this area was used before as RBS and retested , it is the nearest i can see

Cable Update (GBPUSD)

DXY same scenario if you look at H1 after the correction abc it immediately retested RBS , it did this before breaking structure, therefore i expected another attempt to retest before moving down again

Cable Update (GBPUSD)

based on what i posted earlier im buying at 2406, would have preferred to get in lower but the retest to 2345 gapped away but i will cover that area with my stop

Cable Update (GBPUSD)

Slow progress in this USDCAD trade from yesterday

Cable Update (GBPUSD)

NZDUSD Sitting on its perch image

Cable Update (GBPUSD)

Retest back to 2345 area and maybe the last rally up to complete the whole swing Daily abc expanded flat Will see how 2345 reacts before going for a long Photo from yesterday image

Cable Update (GBPUSD)

If was going to sell i would wait until 2404

Cable Update (GBPUSD)

The H1 pb is our good old friend QM, Wykoff, expanding flat correction, , take a look at the structure via the 15m image

Cable Update (GBPUSD)

Here she comes , break of structure and time for the test of resistance now support photo is from my post yesterday image

Cable Update (GBPUSD)

Break of SBR without retest , might be a chance to enter if a retest occurs. image

Cable Update (GBPUSD)

EURUSD - very much a perfect entry on the retest, late posting but for you guys reference it is a very nice set up image

Cable Update (GBPUSD)

Finally hit the entry area today image

Cable Update (GBPUSD)

Potentially we could be looking at 2133 as the target to test the old 4H resistance, that would make more sense for 5 waves down in the third leg but i would be happy with 2250 as its a big profit

Cable Update (GBPUSD)

Usually there are 5 swing down in the last wave of an expanding triangle, we are in 3 so the last could be a short one just before news image

Cable Update (GBPUSD)

Looks like a good short set up on USDCAD if anyone wants to take a look Start with the hourly, we have a nice abc correction, take a look at 4H the trend is down, H1 looks like it is about to swing up to retest image image

Cable Update (GBPUSD)

Check the H1 charts across many pairs, QM, Wykoff, expanding flat, it is all the same thing, market makers favourite corrective pattern

Cable Update (GBPUSD)

image

Cable Update (GBPUSD)

Target around 2252 , current move is corrective , monitor price action for a move back to the upside

Cable Update (GBPUSD)

On a side note , i do not trade Elliott wave although at times it may sound like it , but the facts are all markets make corrections and i see the same corrective patterns time and time again. I use the corrective patterns to enter my trades when i ...

Cable Update (GBPUSD)

Your welcome , It is called an expanding flat correction H, HL,HH,LL. This pattern appears on a regular basis in fact far too often for my liking.

Cable Update (GBPUSD)