Target reached , finally

Cable Update (GBPUSD)

Bulls trapped in that H1 abc , time to spring the short image

Cable Update (GBPUSD)

Could be this way to short H4 structure not broken with the double correction H1 break around 2010 confirms image

Cable Update (GBPUSD)

Now we are moving into the third swing down, the end of the first swing is indicated by the blue arrow. H1 is only used to get a better entry, whereas the H4 is the whole swing , so from H1 point of view there could be many swings up and down before ...

Cable Update (GBPUSD)

Now we are cooking with gas , nearly +100

Cable Update (GBPUSD)

Impulse waves or corrections do no go up or down in one move, it can be gut wrenching to see the price move against your position after a good move in our favour but from experience and with the the stop placed above swing 5 of the triangle ...

Cable Update (GBPUSD)

After a correction we would expect an impulse ie a move in the direction of the first wave, therefore i would expect a break below 2085 and price to follow through and make a lower low swing, especially considering the structure break.

Cable Update (GBPUSD)

Daily down swing (corrective) Daily structure break H4 double correction to daily corrective move Entry was via H1 where the double correction is more visible with the last C wave being a 5 wave triangle The point is that when you see the top/bottom ...

Cable Update (GBPUSD)

Correctionn is clearer now - abc 3-3-5 running flat- entry on break of c @2150 ,which is a 5 wave triangle Target area 1899 possibly lower image

Cable Update (GBPUSD)

Time to short , H1 just completed a contracting triangle. Seems that corrective move i mentioned in my last post turned into a double correction or complex. image

Cable Update (GBPUSD)

Looks short to me Daily showing a downswing against the weekly 4h showing abc correction and then a downtrend would look for entry on 1H The 1h may be showing a little more of a complex correction than i have highlighted in the photo see the last H1 ...

Cable Update (GBPUSD)

i have changed my view and will not be shorting , this is long on a break of 2237

Cable Update (GBPUSD)

If you think it is head and shoulders then surely you should be long.

Cable Update (GBPUSD)

Short reversal ahead H1 expanding flat swing A and then another expanding flat swing B up so expect a nice impulse wave down. image

Cable Update (GBPUSD)

Judging by the OBR forecast for inflation to drop , the markets may expect slower interest rate rises or none at all, therefore gbp bearish

Cable Update (GBPUSD)

My chart from yesterday still stands, Daily against the weekly is corrective, the daily may have completed its upcycle, a abc c, via the last upswing on 4H having completed 5 swings up, good luck all

Cable Update (GBPUSD)

If this pans out into an expanded flat (last leg down lower) or could even be a running flat correction ( last leg down does not go lower), cant be sure what the last leg will do, then we should see another trend wave up at some point in the not so ...

Cable Update (GBPUSD)

A break of the top horizonal line is the entry point

Cable Update (GBPUSD)

Pump and dump ,looks like we may be about to go down image

Cable Update (GBPUSD)

Eurusd big shorts loading from the long side after the H1 expansion leg Usdjpy big longs loading from the short side after H1 expansion leg imho

Cable Update (GBPUSD)