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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

1Hr remains in a messy uptrend after that upside thrust break of the earlier congestion and desc t/line ....first potential Resistance becomes Support on this t/f (if tested) is the tops of that congestion....The obligatory fibs are in evidence too.

1Hr chart is below.
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Careful Bulls... Failure to break 1.2575 is invitation of 1.2310/1.2280 area which can be quick and aggressive.
Quoting Georginson
Careful Bulls... Failure to break 1.2575 is invitation of 1.2310/1.2280 area which can be quick and aggressive.
Heres me hoping...
Quoting Georginson
Careful Bulls... Failure to break 1.2575 is invitation of 1.2310/1.2280 area which can be quick and aggressive.
cable is so unstable how can it break the low and suddenly fly back up
Quoting Georginson
Careful Bulls... Failure to break 1.2575 is invitation of 1.2310/1.2280 area which can be quick and aggressive.

Certainly seems to be some sellers at/around the current daily hi but for the reasons I outlined in my post earlier I think this 4hr D-E correction is different to the B-C correction on the same t/f....This may be more significant to longer term swing traders than me who tends to scalp to short-term intraday positions and generally finishes each trading session flat. In any event this 'difference' may have no bearing on it all all given the fundamentals, [ which to a large extent the technicals are a visual reflection of.] Whatever the case Good Luck with your trades and thank you for your excellent analysis in this thread.
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting dondealova
long added again
How much you are loaded by the way?
It's clearly down and going for test 1.2270 region .
Why you guys making confusion to the newbies??
Traders must watch if the rejection around 1.2530/1.2545 is done then cable should test 1.2270 zone atleast within few days ..
Stay blessed
still with bull StrongHold
Attached Image (click to enlarge)
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i stoped loss my GU long 30 pips

the direction has changed

GU want to go 1.27
My analysis is pretty clear where its going either up then down or down then up
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Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
Quoting Wavegarrick
{quote} Anyway, looking somewhat good for bulls now. Both ascending and descending trendlines broken. My weekly resistance 1 at 1.25762 up ahead. Trade safe, Cheers. {image}
From an hourly perspective, I am using these little retraces to add buy trades. I will be careful with a breakdown below 1.2500.

Cheers.
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Trade to trade another day
Quoting epzero
{quote} cable is so unstable how can it break the low and suddenly fly back up
These moves are expected... Levels are 1.2495...1.2535...1.2575..always prepare for movements ahead of time
Quoting Headland
{quote} Certainly seems to be some sellers at/around the current daily hi but for the reasons I outlined in my post earlier I think this 4hr D-E correction is different to the B-C correction on the same t/f....This may be more significant to longer term swing traders than me who tends to scalp to short-term intraday positions and generally finishes each trading session flat. In any event this 'difference' may have no bearing on it all all given the fundamentals, [ which to a large extent the technicals are a visual reflection of.] Whatever the case...
Any rise remains a crash to 1.2310/1.2280
Quoting msniper
i stoped loss my GU long 30 pips the direction has changed GU want to go 1.27
Giving up on your short so soon. 1.2310/1.2280 like a flash. Do not be trapped upstairs.

Cheers.
Quoting mkvy
My analysis is pretty clear where its going either up then down or down then up {image}
gotcha!
Quoting Georginson
{quote} Giving up on your short so soon. 1.2310/1.2280 like a flash. Do not be trapped upstairs. Cheers.
those levels u mentioned will be buying levels if we reach them
The situation H1 gu can go down very easy now.But doesnt want.tomorrow it goes up.
H4 has closed with the bulls still on rampage. And for effect, it does not appear that 2535 will be able to stop these bulls.
Attached Image (click to enlarge)
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Quoting esemes
{quote} How much you are loaded by the way? It's clearly down and going for test 1.2270 region . Why you guys making confusion to the newbies??
My Reason...my view The Cable will back to 1.27xx
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Quoting msniper
{quote} those levels u mentioned will be buying levels if we reach them
Fingers crossed...
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