Target is around the 2300 area but that depends on how pa plays out. I believe this is a retest because the weekly is down but has not made a full swing yet, whereas the daily is up so most probably corrective to retest the previous top breakdown. ...

Cable Update (GBPUSD)

H1 is about to the start trending up with a break above 21702 . I will take the long with stop under 2131 image

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Maybe one more push up eventually but not expecting miracles with this , daily is in a correction against the weekly so my thoughts at the moment are that any further upside will be a retest around 2300 but will quickly drop from there into daily ...

Cable Update (GBPUSD)

I see no reason to long at the moment H1 correction to the downside still in play until the last lower high is broken to the upside 2186 area but of course we could see further lower highs so adjust accordingly

Cable Update (GBPUSD)

Could be an error on my part , trading corrections is not my thing ,far easier to wait for a correction to complete and trade back into the trend for me anyway However this chart is probably more the way it is, the B swing should be an abc itself , ...

Cable Update (GBPUSD)

OK 15 minute is now trending down after the retest, no upside break of 2186 for longs

Cable Update (GBPUSD)

Yes it is possible, personally i will wait for that H1 lower high @2185 to break to confirm the upside continuation

Cable Update (GBPUSD)

I would agree , however you have to remember the name of the game here in this thread is to trade every swing, so most traders are currently looking to short to take advantage of the current impulse move within the corrective move. I did post a ...

Cable Update (GBPUSD)

Looks like fun and games might be over , H4 in a correction as a whole, H1 to view H4 internal structure clearer, we had a swing down then a correction to the upside , currently a swing down which may indicate the third swing down of the H4 ...

Cable Update (GBPUSD)

This is not a forecast as i still have not found a crystal ball that can foretell the future , However based on the chart if certain things happen i will follow. H4 break of structure , then we need a swing correction which could be any pattern, ...

Cable Update (GBPUSD)

My two cents worth

Cable Update (GBPUSD)

Can not see any reason to short further at the moment, the current H1 upswing, looking inside it's structure has not completed B or C of an ABC correction so it is more likely with B in progress the trade to make is the C up , anyway its not ...

Cable Update (GBPUSD)

So we had another hourly pullback, which was probably the next chance to short that i mentioned.

Cable Update (GBPUSD)

No S/R for me , its not necessary for me, swings ,mtfs, trends only

Cable Update (GBPUSD)

So we went below 1898 , that is a profit take for me

Cable Update (GBPUSD)

Swing 3 trend wave , we should be expecting a swing low below 1898 on H1, then lets see after that if we get an hourly pullback, there might me another chance to short this week

Cable Update (GBPUSD)

Here are the charts the purple lines are the 15 minute structure used just to get a closer entry, personally rather than try and pick the top of the correction i like to see some trend movement in my direction before entering image image

Cable Update (GBPUSD)

Structure changed overnight with the last 15 higher L,H, HL, HH making a larger degree swing up but this morning we broke down with a trend swing to get in short @2030, so the previous entry level was no longer valid.

Cable Update (GBPUSD)

Thinking to short again , H4 is in correction after the last breakdown 15 min ,we can see the correction in full ABC , A has three waves up , B is a 5 wave triangle and C a 5 wave impulse up. breakdown of 2013 might be the confirmation for another ...

Cable Update (GBPUSD)