Cable Update (GBPUSD)

Imo 5 waves pattern down.

i asked about the wave update, you post 5th wave end yesterday.
so i wonder what is the sequence?

9im glad if it can retrace, but this MF seems not normal

if 1.8750 touched by a shark, then today's high is wave5 will invalidates yesterday's wave5

sorry no chart atm, a bit busy scalping multi pairs

it's ok, according to my chart 5th is just started.

but it could be B

will see

It's possible but 1.20100 could change that tune as it is slowly gaining the resistance

nice fall back,. not good

I hope that the dump continues until the US GDP data is released.

the support was broken....
another -100 points...

God bless everyone!

Now is good place to look for retrace, enjoy.

Novk you were right
Daily s1 reached
Now up

wait for what the FED says tomorrow before buying.

Got early signal 1980 , now waiting signals break hold 1992 and confirmation 2003/17 for limit 2034 , take care

I said retrace..
its few pips for newbies with long.

im out of here, peace.

Sterling got The Support at 1.1970 !!! Waiting Us CB data, will it sustain the suppirt !!!!

Hello Traders,


I would advise those looking to long Cable, to exercise a little patience. The objectives for lower prices have not been met.

As I always say, don't buy in premium or sell in discount. You want to be doing the opposite to always be on the right side of the market.

The moment NY high was taken during 3:45 London Time, I knew they were going to dump price today, why?

London's Low and New York's Low from yesterday was purposefully preserved. Lol. Why? To further convince buyers that they were save and could hold for a retest this morning for a continuation to the upside. But buyers had their back side handed over to them this morning, because of several reasons, technically.

No 1. Price had an imbalance to be filled at premium price, hence why highs were formed yesterday
N0 2. The algorithm delivering price had to fill that imbalance before the next objective was delivered.
No 3. Whenver price fulfills an objective at premium, it dumps so hard, because it's regarded as cheap and has to reprice back to discount.
No 4. Price is never random but we are led to believe that.


Tip for manipulation:

N.B: Whenever shorts are expected, old highs are purged first, to trap buyers before selling. This is done to trick buyers because of the sustained upside movement which convinces them that buys are imminent and vice versa...

Having said that, all the best and more pips to everyone

RD

Looks like an abc

Hold it !!!!!!

LETS GO MOTYYY!!!, Cable Update market maker

long now after 24 bars on 5 min chart (2 hour cycle) and double fibo 61.8 (low of July 21) and 38.2 (low of July 14)