Trading the Cable swings via averages

I am done for the day.

The spreads are too high for these small moves. Little profit in it.

Is 1505 the target of 50% in ABC, master?

I wish i had held onto my trades this morning but i also left after so much chop. Glad however that it worked out. I think drawing things out give you more confidence too so will do that going forward. It has helped me see how things work out. It will get interesting when things don't quite go according to plan.

I see an RSI Bull Div on H4. And wave 5 came to an end. It touched (or nearly) EMA D1 as well.
Thus I am looking for long opportunity on M5.


On M5 chart we have a Reg Bull Div, a 2BT then I go long.

I've done my 40 pips target in about one and a half an hour in the morning.
Good day to everyone.

My 2nd trade:

On M5 chart I saw a weakness of the bear.
A bear div sent price back to EMA but couldn't close below EMA, and then the slow RSI is still hang over the waterline (point A).
In the same time, the fast RSI head down to oversold area (point B).
That means the bears went out of fuel but couldn't make the significant move of price and slow RSI.

Several bars later, there is an RSI bull div on M5 chart as well, thus I went long once again.
But this time my target is shorter than the 1st trade, because I want to get out of my position before price touching EMA H1.

There is a bear HD on M5 so I closed my 2nd trade at about 10 pips profit.
So I think total 50 pips profit is good enough if we consider that we are in Asian session.

On the daily the price is sitting right on the EMA. Is it going to bounce or cross?

On M5 I am seeing it is trying to cross but I am not sure it can do it or not.

I have it at 13685

It just bounced on the 1 minute

I need to see the 1 min get back across the EMA

This all looks to be very oversold...What is going on?

I think I will wait London open

This was interesting where the spike from FOMC hit and returned yesterday. 1 HOUR time frame.

From wave count on H1 it seems we have a potential ZOO ahead

It is testing previous H1 EMA swing high.
Will it fail here and make a bull div to end the wave 5?

Need someone with a big hand of cash to stop that HUGE BEAR !!!

On the hour it looks like testing the swing low at 13124

How do you pinpoint that target, master?
Was it a very old BULL SUPPORT or M5-EMA swing low?