Cable Update (GBPUSD)

Quoting Headland

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There is potential for a bearish expanding triangle pattern on 1hr. we already have Points 1, 2 and 3. Point 4 (long) will be a fib extension of move 2-3, and then Point 5 (short) will be a fib retrace or ext of move 3-4, if the pattern is true? 1hr below {image}

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Quoting Wavegarrick

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{quote} we are going into the 20th of this month so we could see some pullback enough to make some dough for scalpers. I am holding my buy trades as I have done throughout the year and will assess accordingly. {image} The weekly timeframe is as bullish as can come.{image}The monthly time frame shows that 1.40 is imminent. {image}We are in the final stretch of the year, so anyone calling for a major reversal, take it with a pinch of salt. Trade safe. Cheers.

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Quoting Fix-it

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GBP/USD 20 . 200average cross over in 5 minetes chart is coming up now , it sugest GBP is going down to the pivot.

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Quoting BeeTogether

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{quote} that would take us to the daily lows as printed in APAC opening.. talking of opening levels we are very close to the days opening area which is a remarkable retrace from the highs we have seen. This could also mean NYO another boost up towards the daily highs or a move towards the daily pivot for correction

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Quoting HaLBot

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{quote} Yes a remarkable retrace to put it mildly lol. Seeing as so much data Euro/Cable positive, I still can't fathom some things in Forex and that's why we use proper money management. As Headland said ran into supply and guessing MMs had to make a good clip of it

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Quoting BeeTogether

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The move for up might have started however with 45 mins till NYO hard to say if it’s a false move up

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Quoting Moty

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{quote} show me the signal {image}

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Quoting meugampong

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{quote} leon is exprecienced trader, no doubt .. im not scalper, but i like to enter in lowest TF i can need some bounce for Gu, IMHO {image}

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Quoting Moty

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{quote} for 15 pips {image}

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Quoting Bones

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how am I failing to be clear...what would you prefer a green pip caller {image}

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Quoting Waveskierrob

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{quote} failed again, you need to read the original question...

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Quoting BeeTogether

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The move for up might have started however with 45 mins till NYO hard to say if it’s a false move up

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