Cable Update (GBPUSD)

Quoting Pat Chiko

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{quote} GU Beside the three tap, the chart is forming ascending wedge pattern. I've put up the marker for which price may have the immediate target. However, anything can happen in trading, this is not a trading signal. What I', doing is making analysis available to members of this forum, so we can observe , take some info, comments and take a trade (if you wish). Here's the chart. Any comment welcome as we are the 5% ( heard that somewhere.) {image} {quote} The above analysis is to your question. I seldom answer as where the target, where to enter....

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Quoting mysterio

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I'll short if we retrace back up to the level {image}

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Quoting mysterio

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{quote} I lost trying to short a bit early on GU then made it back and a bit more shorting before news-- I wanted to hold short longer here but didn't have the nerve because I wanted to make sure I recovered the loss. I was drilling down onto m1 and shorted m1 supply/h1 supply Damn though look at her go. The h1 wedge played out fine it just wicked outside due to the manipulation

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Quoting Moty

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the bulls run is here {image}

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Quoting mysterio

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{quote} I lost trying to short a bit early on GU then made it back and a bit more shorting before news-- I wanted to hold short longer here but didn't have the nerve because I wanted to make sure I recovered the loss. I was drilling down onto m1 and shorted m1 supply/h1 supply Damn though look at her go. The h1 wedge played out fine it just wicked outside due to the manipulation

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Quoting Pat Chiko

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{quote} Woke up from sleep after placing these trade. Almost done. It was a luck trade after all. Thanks to Hoda shown me the three tap set up earlier. Couples with Ascending Wedge, the set up is very reliable. The setup is good, but there are many untested level which doubt the validity. Only the Fake Out really test the patience at H 1 Supply zone. Giving some mental challenge to place SL there ( lucky , I was asleep) Chart tell the story. {image}

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Quoting Pat Chiko

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{quote} Woke up from sleep after placing these trade. Almost done. It was a luck trade after all. Thanks to Hoda shown me the three tap set up earlier. Couples with Ascending Wedge, the set up is very reliable. The setup is good, but there are many untested level which doubt the validity. Only the Fake Out really test the patience at H 1 Supply zone. Giving some mental challenge to place SL there ( lucky , I was asleep) Chart tell the story. {image}

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Quoting here2there

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{quote} Market manipulation.

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Quoting Moty

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the bulls run is here {image}

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Quoting pipfarm

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{quote} Well done , did you move your stop from 3947 to 3960 in your sleep lol just joking, excellent trade as always.

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Quoting thomi

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{quote} that's my opinion for now

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Quoting thomi

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{quote} output the bear flag {image}

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Quoting coyoteuglyxxx

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This is how I feel today. {image}

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Quoting mysterio

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{quote} Re: a short from one of the red levels above.. I see DXY is basically trapped between two levels but is dancing around daily demand, it is never a straight bounce from these daily levels and usually will range a bit first... but do still believe the next direction is up for a retrace on the dixy and will get a good short soon on cable, just a case of getting good entry timing Closing my long now as I already have a short signal {image}

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Quoting gatenio

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come on price, those spikes not tempting at all.. give us the down side move already. 3.5 hours, i want to see you below 3900

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