Cable Update (GBPUSD)

Quoting pipfarm

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{quote} i have some technical idea that this current move down was a correction as the prior trend up is looking more like an extending wave 3 and if the current move up is the first swing moving back into the main trend then for sure there will be a retest below which will fill the gap, close or no close above 3452. I currently have no positions on cable until the move becomes a bit clearer , at least for me.

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Quoting JayBag

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{quote} That level should not be taken lightly.. it's key for 1.37146 or your retest idea.. Well, I am paying attention to it.. SS

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Quoting Coreg2004

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{quote} Agreed... {image}

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Quoting pipfarm

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{quote} i have some technical idea that this current move down was a correction as the prior trend up is looking more like an extending wave 3 and if the current move up is the first swing moving back into the main trend then for sure there will be a retest below which will fill the gap, close or no close above 3452.

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Quoting pipfarm

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{quote} Retest is the support that was broken to push price up after the correction which has to be 3245, of course it may be that the swing up has not yet finished and it may well go a bit higher to 3452 before the retest ,for me i am not interested in trading the small moves and of course i will not short the gap fill as i do not trade retests

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Quoting TerpFan2

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{quote} That's exactly what i see, -not that my view matters at all here. 'Just see that First Wave-Set from 1.3132 back North, as needing a Correction at this point. -I expected more of them (Bulls) & the 'Tuckered out' in the 40's, but that was a fine enough run. This Drop now just looks like it wants to "Plummet", -coming up. My Best Pip

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Quoting JayBag

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{quote} Fair enough.. Daily close above 1.345 gives way for 1.37.. I'd like to think that's big enough move?

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Quoting TerpFan2

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Thank you Pip-Farm, 'Will look to post 'less, if 'can... (to improve accuracy). I jumped around alot last week, and 'hope to do alot better, with the Patience Game. Jay, i saw that 50's 60's Level, and i thought they'd be a little more greedy in getting there. But even closing the gap, ("IF" they do), they can still create an illusion of weakness, but still Zoom to the 1.37's & Higher. -Just my thought. What the Dollar does will be key 'believe. My best guys

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Quoting TerpFan2

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{quote} Coreg, I only use your quote, to really give a 'Nod to you on your 30 min Chart (Usage). It guided me quite well today, making references back & forth on it today. This was quite easy, in that, Were, all of us that were longing for "Shorts" or "Brexit Crashing;" 'Could of Just Simply let the Long's play themselves out a-bit here. We'd be fine. That's what the Bulls did. -They actually Rolled over in the 40's. I had them running to the 60's, at least, -If they had wanted. They were just sitting back & laughing at it all (Bulls). -A Perfect,...

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Quoting Rgkc

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Dxy ready to take of?

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Quoting Moty

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gu , follow your leader {image}

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Quoting gatenio

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bearish deep crab on h1 tp 1.33-1.332 side note - i dont like this market atm {image}

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Quoting Vincent1

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{image}

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