Cable Update (GBPUSD)

The 5 min has finally made a HH average, can it run on to the 2771 or are we going to see the USD push it back a tad.

Looking at the US Dollar Index you're right

https://www.tradingview.com/chart/?symbol=dxy

EU is bullish heading 1.14333
stay tune here for my next EU signal

Here is another symmetry pattern of AB = CD

B was yesterdays low...

C was todays low and a 50% retracement of AB...

A was the high point between B and C...

Making D the target distance of AB from C.

We'll see what happens later.

Are these gleaned throughout the years thru wisdom and experience or is there condensed sources like a book or a website that you learned them from?

From the former I wrote the latter

I figured!!!

Another shake 'n bake session

On the 1 hour we see the bulls have taken out the Bear support (resistance) by finding Bullish support. Now the bears are testing this support and currently failing.

This results in a bullish move...

This then leads to another symmetry pattern where everything below the bear support is transferred to above the bull support.

dxy just wake up

I like it Nala!!!! interactive and live lesson on symmetry....thank you!! keep them coming

Great 50pips. Daily 50pips u will be billionaires soon. Lol

Just wanted to mention that daily RSI made a new low yesterday. Means the bear trend will get even stronger.

Cheers.

At this point it can reach some points to go down, be care at the moment of buy, is important to keep in mind that if the trend is going down in the next hours we will see another down trend for the next days, if the reversal is enough powerfull to change the trend, we can see a new up trend, or maybe big correction, in both cases good to buy or close sell positions, we need to see if in the next hours we see a new trend.

In the chart,

the avramis mark a neutral trend, followed by the start of an uptrend, (it could indicate a change of trend, but is not sure at this moment, it can be big or small.)
The RSI with the trend indicates an upper trend (not sure but at least we can see that the sentiment of market changed a little bit)
My pivot points indicates that is coming down corrections but not enough to go in a downtrend, maybe there will be a up trend in the next hours.

As I said, i keep long (until the resistance, in red is broken). and all the market related with GBP will go up soon. leets see for the next monday how was this prediction.

In any case if we dont see an uptrend now maybe we need to wait more days.

Nearly there....

That box trade worked out exactly but it was in the opposite direction and on the 5 min chart... This is why I like this chart.

Buliish divergence on the 15m. A lot of room for long.

On the monthly chart I can see possible triangle shape but 2580 area is a main surport fail the 2300 and the big drop tl shows up as being 1,90 area mmmm eu I have as 1,075 area target . So it depends if eu and gu stay in conjunction on any move down .