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Cable Update (GBPUSD)

Quoting mrluckystar
{quote} Hi coreg Which comes 1st, the wave 5 or complete harmonic pattern? Thanks in advance
mrluckystar, I would say HP comes first unless the 5th wave is truncated. As in the example on my chart below, we still don't know if W:5 is in place...Weekly range traders, please, note that min target for the week has been reached @1.2117.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 11.24 60M.png Size: 48 KB
Always trade your own plan...I don't provide trading signals.
Are we going to get an 18th bullish candle?
signs of weakness in USD.

Good for long scalps on pairs against USD.
Attached Image (click to enlarge)
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Quoting Bella.al
Current Rate : 1.21297 Short GBPUSD: 1.21186 S/L : 1.21431 Objective : 1.18302 -Bella's Blue {image}
Current Rate :1.21199

I am trying to catch the top here, a typical scenario of Elliot wave trader | Pivot Points.

Whilst below "Bella's Resistance : 1.21386" , Possibility of Short Term High .

-Bella's Blue.
Attached Image (click to enlarge)
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Goddess of Thunder..
Quoting MrFanciful
Are we going to get an 18th bullish candle?
I'd disregard candle count. Why? these people can print 7 billion green/candles, they can retest a level 43 billion times.

I may have exaggerated a bit there but you get my point lol
Quoting Coreg2004
{quote} mrluckystar, I would say HP comes first unless the 5th wave is truncated. As in the example on my chart below, we still don't know if W:5 is in place...Weekly range traders, please, note that min target for the week has been reached @1.2117. {image}
Current gu butterfly pattern 1.27 pointing 1.2080, but 1.618 pointing 1.2190.
I do believe wave 5 on the way..
Peace Yo!
Quoting JayBag
{quote} I'd disregard candle count. Why? these people can print 7 billion green/candles, they can retest a level 43 billion times. I may have exaggerated a bit there but you get my point lol
True. However, given that trends don't continue forever, the longer a trend runs, the closer it is to the end. That is to say that the end of a trend doesn't get further away the longer it goes on for, because if it did, the trend would continue forever, and they don't.
That's obviously not to say that it's ending here or now.
It also doesn't mean that the likelihood of a trend continuing falls linearly either.
If the price breaks 2132... a new high today...

And no shorting business for today.

If 2132 respects.. a possible down move
Intraday only.
For GU to rise USDX has to fall. USDX appears to be having a difficult time moving below the 10530 - 10535 range.
Quoting dantpm
For GU to rise USDX has to fall. USDX appears to be having a difficult time moving below the 10530 - 10535 range.
Dragon will push gu up... No worries..
Peace Yo!
Quoting Bella.al
{quote} Current Rate :1.21199 I am trying to catch the top here, a typical scenario of Elliot wave trader | Pivot Points. Whilst below "Bella's Resistance : 1.21386" , Possibility of Short Term High . -Bella's Blue. {image}
Sl is hit -24 Pips.
Goddess of Thunder..
scalping short.

This spike.
Intraday only.
Next level of resistance 1.21600
Quoting Coreg2004
{quote} mrluckystar, I would say HP comes first unless the 5th wave is truncated. As in the example on my chart below, we still don't know if W:5 is in place...Weekly range traders, please, note that min target for the week has been reached @1.2117. {image}
Weekly resistance is now at the top of the what was clump on the left and just slightly over my day chart tl . So I have taken a short hedge yet again .
Attached Image (click to enlarge)
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Trend still remains up, however we will get some pull backs
Quoting Wavegarrick
{quote} A realistic target for me next week 1.21500. Have a great week. Cheers. {image}
We are just 18 pips or so off 1.21500, so should definitely be achieved. My 50% Fib retrace at 1.23048 of the 2 year high to low a nice short term target. A weekly close above 1.20000 good news for Bulls,
Trade safe.
Attached Image (click to enlarge)
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Trade to trade another day
If we see a H1 candle that does anything between 55 - 80 pips, that is when sellers will be positioned.
Currently short waiting for a retrace to go long again
Quoting Houtbay
Currently short waiting for a retrace to go long again
What area are you looking to retrace to?
Quoting Wavegarrick
{quote} We are just 18 pips or so off 1.21500, so should definitely be achieved. My 50% Fib retrace at 1.23048 of the 2 year high to low a nice short term target. A weekly close above 1.20000 good news for Bulls, Trade safe. {image}

great trades, amazing work!
you can't stop the waves, but you can learn to surf
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