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Cable Update (GBPUSD)

Quoting joesherwood
currently at a break and retest price from yesterday
respecting it i have a limit in but looks like its gonna go up...
Last hour's low is 1.36029.
Current hour's low is the same.
New resistance or does anyone have it marked already?
Account open on 28/01/2020
Im now pretty sure that gu will not be heading up to 1.37 in awhile.
Another leg down is most probable scenario for me.
Quoting bluesushi
Im now pretty sure that gu will not be heading up to 1.37 in awhile. Another leg down is most probable scenario for me.
Based on what?
Quoting joesherwood
{quote} respecting it i have a limit in but looks like its gonna go up...
limit got filled

running risk free
Attached Image
Quoting Nevals
{quote} Based on what?
Too much selling pressure on the 1.36700 area.
Quoting joesherwood
{quote} limit got filled running risk free {image}
fuck it @248 just closed +1%
Quoting joesherwood
{quote} fuck it @248 just closed +1%
closed it short by a couple pips.. all well
looking now glad i got out and took the cash
surprised the triple bottom happened on 5m tf to tag me in
no more buy trades, it going down
Nasty PA on 5M TF during last 30 minutes. As Bailey is going to open his mouth in 30 minutes then watch out for big moves either way.
Quoting Nevals
{quote} Based on what?
Nevals, If you like to analyze the structure of the market using harmonic patterns here is the answer to why...you can find short reading about it under this link if you are interested...https://school.stockcharts.com/doku....monic_patterns
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Always trade your own plan
price action right now
staying out of GBP with upcoming news
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id say sell for about 30-40 pips and then check to see if H4 Demand zone is valid for a buy.

but could be wrong.

im short on m5 from 3615
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in wondering about yourself, you forgot what you came here to be part of
Quoting Coreg2004
{quote} update... {image}
Hey Coreg,
you think that we are in this counting?

3 can be also 5 but given the retracement at 38.2 i think it's 3 (as per Gatenio suggestion )
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Quoting knkie
id say sell for about 30-40 pips and then check to see if H4 Demand zone is valid for a buy. but could be wrong. im short on m5 from 3615 {image}
exit +27 pips

nice and fast.

now we re-evaluate
in wondering about yourself, you forgot what you came here to be part of
Quoting Maximumheigh
{quote} 1.3605 S obstacle. Offloading some Shorts.
1.3605 broken. Offloaded some shorts again and 1 sell still running. 1.351x on site
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Quoting knkie
{quote} exit +27 pips nice and fast. now we re-evaluate
great stuff
Quoting Wavegarrick
Hi Guys, New year, new things. Happy New Year. I have a possible short cycle in the making. Short trades opened and will lock in as soon as possible. Have a great week, Cheers. {image}
Hi Guys,
The short cycle still in play for me from a 4 hourly perspective. My short trades from yesterday, trail stops were taken out. However, today presented a nice opportunity with a retrace towards my broken ascending trend line and also 78.6% Fib retrace from the recent down move at 1.36683.
Trade safe,
Cheers
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Trade to Trade another day.
Quoting joesherwood
{quote} great stuff
thanx man
in wondering about yourself, you forgot what you came here to be part of
530 is my next key level?
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