It is not a triangle the whole move was a running flat , the last 7 bars after the spike down are the triangle that indicates more sell, so why buy? image

Cable Update (GBPUSD)

It made a new low so that identifies the pattern as correct , whether it goes any lower is another matter

Cable Update (GBPUSD)

I will take the short - 20 pip risk, 5m is not my usual trading timeframe but sometimes helps to sharpen the brain. image image

Cable Update (GBPUSD)

That was the five complete so hard to judge where a correction will end but 5 up it was making the pattern an irregular flat, that is where C does not make a high higher that A Chart is incoming

Cable Update (GBPUSD)

Possibly , if i am right and this is C of the 5minute correction , we are already deep into 3 of the 5 waves a C makes, so i will stick to 3140s

Cable Update (GBPUSD)

What are the odds of a red or neutral ISM to complete the up move , in reality one piece of bad news will not change the overall long/ medium term direction

Cable Update (GBPUSD)

3172 might be an over estimation 3143 more likely as that takes as back to the old structure low from September that was broken down by the current GU swing down

Cable Update (GBPUSD)

GU is really fighting to complete C , gold is a problem as i said earlier Estimation is 3172 before a downturn or 5 waves up

Cable Update (GBPUSD)

Short term reversal ( correction) maybe in operation from lower timeframe 5M to be specific A is complete B (abc) complete, moving into C with a trend , this is not a trade for me , when C is complete i will look to see if everything is good to ...

Cable Update (GBPUSD)

Seen as you think other traders here are dopes , your talking out of your backside

Cable Update (GBPUSD)

Gold going to 2590 RBS D1, so do not expect any major moves on GU to the upside image

Cable Update (GBPUSD)

If correlations are anything to go by Gold has entered wave 3 of a D1 correction , usually the USD goes opposite so GBPUSD could be in big trouble and apart from some minor corrections the pit doors may not be ready to close yet

Cable Update (GBPUSD)

Fools retail into thinking it is a change of character , classic as it happened image

Cable Update (GBPUSD)

M1 clear mmS pattern swing up , swing down below the low, swing up above the high , taken liquidity both sides before dropping to a new low or A(abc B) C

Cable Update (GBPUSD)

Not a good trade buddy That was a clear long on H1 Last night on the larger degree swings Are you still in your gold trade short, could be a 100 dollar drop or more

Cable Update (GBPUSD)

Brilliant yesterday holding on to GBPUSD overnight , nice surprise in the morning, was up a bit later than usual. Nice job

Cable Update (GBPUSD)

Nearly got your stop but coming close to my entry point now as it has moved back down

Cable Update (GBPUSD)

Never go against my trades, like i said before trying to counter trade the market will be the ruin of some traders, GBPCAD was a clear short which i had along with my GBPUSD trade posted. 200 pips banked.

Cable Update (GBPUSD)

You might be on to something there , i see that small abc looks like a minor mms pattern , you might have caught C in D1 downside correction, make your own decision but i would hold on could be a big drop

Cable Update (GBPUSD)

Last swing before a larger correction usually is very messy so would tend to agree with you

Cable Update (GBPUSD)