Cable Update (GBPUSD)

G/M...the anticipated pullback in the 1hr/4hr downtrends then....price now challenging the prev 1hr/4hr sw hi zone to friday's hi....38.2% of the move down from 3034 sw hi @ that hi and DP just above.

sl at be now +0 locked

come on , give me 1.28623

...starting @ 2884 is the prev 1hr/4hr sw lo zone =prev supp = pot sbr which on the 4hr goes as deep as the wkly pivot at 2934. From the current lo the 30 day adr is @ 2892 which is in that zone. 1hr is below.

Higher highs, higher lows, some real old skool looking stuff on the one min chart

I posted that chart just as an alternative view as i saw a lot people here like elliott waves, i would not trade or make predictions based on that chart pattern. I will stick to my usual buy dips in an upswing and sell rallies in a downswing, that is what i find works best for me even though my last trade only managed to get out with a small loss as i misread the corrective pattern., but prior to that trade there were plenty of rallies to short during the current downswing.

...Goldman Sachs saying odds of a 'no-deal brexit' are meaningfully lower than the market is implying...https://www.reuters.com/article/us-b...-idUSKBN2650S4

“For investors willing to look through some near-term volatility, current levels for sterling longs now look attractive, in our view,” it added.

Could be worth looking at the eurgbp and gbpusd chart. One is getting a little weaker and the gbpusd is getting stronger

TP 8625 hit,
Im out for now,
24% gain in two bad entry scalp trades, ( entered on high of waves, not lows)
Still on demo acc, " trigger fever" affecting judgement still to enter on perfect low of wave dips, but will get there in the end.

a good run. Now maybe some selling

the resistance at 1.28650 still very active.
If bulls fail from here then the fall could be way back down.

Sell Limit @ 1.28650 Sl 80pips Tp 240pips. Lets see how pa plays

its stalling
i took +12 pips

maybe a new run up after the pullback and test

Yeah. Good day trader must change his/her opinion more often than they change socks or underwear.

97 pip pullback so far...deepest since fall from 3482 was 152pips....77.4% of 30 day adr travelled from the current lo so far...chances of getting to 30 day adr currently @ 125 - based on last 30 trading days - 55%.

mmm maybe now he wants to go and visit his pivots... buy

tru another buy 2859
25 pips

brave trade as we are right in potential res area to friday's hi. G/L with it.

sell now @ 1.28552 sl at 80pips tp wide

price below 2840 i will go to test the bottom again

above 8622 long.

i dont think it will break last hour high, failed 2 time before

a little delayed, better late than never!