Cable Update (GBPUSD)
So correction up continues, once for perhaps, more crazy than eu, usdx apparently. Watching with test only short as still more correct up to settle possible . Take care ok in lower tf now , looking breaks 2905 to start for to 2838 retest arounds {image} {image} {image}
The pair edged above the descending trend line made on 4 hour chart which suggests the pair might continue its positive momentum up to the level of 1.2965 level, a move above will make the pair reclaim its key psychological 1.30 level. {image}
Regards E
I agree, elbert, but I like this perfect break and retest of the H4. It goes back a week or two: {image}
{quote} Nice chart and I agree with the 2960 view
{image}1 of my trades was stopped out on that one . But still holding 3 others .you can see it broke the high and took out stops where one would of placed them both ways . So now let's see what it's going to do . Tea and crumpets time one thinks
Gu being moved along with gj until that finds its top it looks a bit volitle. 143.700 is a possible top for that so I might start selling into that trade for a reverse back to its gap which is wide open . Trade your own trades thou . That's enough of me sorry to have taken up space
{quote} Cheers Elbert...
