Cable Update (GBPUSD)

Quoting JimmyC

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GU 4H Going to test the top of the channel look for weakness around here? R/R works if it holds... {image}

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Quoting godim

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Rule of All Angles: Another important guideline is what Gann called the Rule of All Angles. When a market breaks an angle, it will move toward the next angle. This is because as time passes, an angle’s importance weakens and the market eventually breaks through. Therefore a market breaking the 2 x 1 angle will begin to move toward the 1 x 1 angle; just as a market breaking the 1 x 1 angle will eventually reach the 1 x 2 angle. Conversely, in an up move, an angle that holds the 1 x 2 angle is likely to rally to the 1 x 1, just as overtaking the 1...

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Quoting PayTheLimit

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sold some here at 6562, risk 6572..

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Quoting PayTheLimit

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sold some here at 6562, risk 6572..

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Quoting giveachance

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{quote} I have sold as well but have less conviction. it can move from 3:30 to 4 GMT by 20-30 pips on the downside.

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Quoting PayTheLimit

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{quote} the way I see it is that bears need to hold 6568, a break above there will change the picture in the short term...

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Quoting Nfp

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Short GU 6578 6600...dont asking why

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Quoting elbert3

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{image} sorry give c i did go long had no choice when the candle pointed out came , hope you took some profit

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Quoting godim

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{quote} I could not refrain and write. I think things are actually very different. The rule for all angles. Sooner or later, this line will be pierced. Maybe this is the fourth attempt and it will be successful? What do you think? {quote}

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Quoting mrhb30jr

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hi all, I see GBPLfx triangle formation on D1.... {image}

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Quoting elbert3

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{image} is it going to 6610 and longer ??2 white heiky candles pull back ?? one now thinks

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Quoting giveachance

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{quote} no problem. as long as you are profitable I am happy. lol

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