Cable Update (GBPUSD)

Quoting Abeylyn

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{quote} The technicals also show the direction to Short. Already, price has touched daily chart Elliot wave 5 and there is the need for a deep correction. Besides, internal structure from the top also show the sign. It's all about movement within a cycle and news will always come up to validate. At the end of deep correction, price will bounce up again.... Technically, that's what happens all the time.

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Quoting Cobra

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From here to 1.31136 a solid buy zone.

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Quoting ChiForex

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{quote} Not quoting this for u folks to thank me for free money but to also remind u of the support nearby current market price and what would happen if it breaks..etc Also watch EU that already broke it down to... Trade safe

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Quoting meugampong

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{quote} After seeing your entry pipfarm, i check my chart, i found a good reason to long GCAD with positive divergence. Also H4 can't break Rising TL i may be wrong as usual, im using 35 SL Pips for 100 pips target 1:3 {image}

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Quoting pipfarm

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{quote} Never go against my trades, like i said before trying to counter trade the market will be the ruin of some traders, GBPCAD was a clear short which i had along with my GBPUSD trade posted. 200 pips banked.

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Quoting pipfarm

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{quote} You might be on to something there , i see that small abc looks like a minor mms pattern , you might have caught C in D1 downside correction, make your own decision but i would hold on could be a big drop

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Quoting Mitiblotch

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{quote} I don't do elliot and all those wavy stuff. I appreciate those who do. My brain cells seem not to be able to have enough space for them. I just do patterns, harmonics sometimes, pivots, session flows, liquidity grab areas, and gut trading gleaned from fiery observation. These have served me well.

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Quoting trumps

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{quote} No longer allowed to hedge in Australia

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Quoting Yngwie

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Long 1.3158

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Quoting Whale

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Another try to long the new low without waiting for hour to close. {image}

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Quoting BeeTogether

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{quote} I like those green TP areas but I think we are in a catching a falling knife situation

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