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Cable Update (GBPUSD)

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Closed the long 50 pips early.
Small short GU 1.57953
If you're not part of the solution then you're part of the problem.
GBP pump across the board prior to London open... Bait and switch?
now wave 4 - negation wave 4
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shorted at 1.57940
wtf why eu rising
Quoting Kajos2250
{quote} GU H4 GMT+2 Fakey long failed on the daily... last limit triggered but there is no valuable signal, correction is running. satisfied previous bullish marubozu, engulfing combo zone. hungry bulls!? Good luck! {image}
GU H4 GMT+2

Bullish belt hold arrived on the H4, let it get the 50% entry, .5768 buy limit added...

Good luck!
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Anything is math!
Quoting alexpi
GBP pump across the board prior to London open... Bait and switch?
If the new 4H engulfs the previous 4H candle - yes

If not we're done correcting
Quoting majorusa
{image} Small short GU 1.57953
Exited GU at 1.5771 +24 pips
Looking for re-entry.
If you're not part of the solution then you're part of the problem.
Quoting majorusa
{quote} Exited GU at 1.5771 +24 pips Looking for re-entry.
done short again
Does Anyone look for a short with targeted profit at 1.617?
less than exciting GDP report, and it just bounces off my 50 fib like its got the plague.
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Quoting ItsAtrap
Bought cable on this second dip to the bottom
only got 72 pips at 1/3rd of position and rest got stopped out at B/E. Now flat on this pair
Will prolly close my remaining shorts @ 1.55 level. Any advice from you Dano ?
Looking at your recent posted chart, It suggests 1.56 to be a suitable level to offload the shorts.
I am actually aiming for 1.53 or lower, correspond to gbpjpy together daily chart
wave 5
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Got a feeling this correction iv may drop below 1.4590 ?, before pushing up to a final top.
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Elliott Wave for optimum entry, exit and risk management of trades
1.5670 last defence before <1.5610.
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Day chart

Day opened at 1.57369 Day high was 1.58020 now at around 1.5660 its Resistance if break this Resistance today's maximum down 5590
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Quoting GrowthHack
Day chart Day opened at 1.57369 Day high was 1.58020 now at around 1.5660 its Resistance if break this Resistance today's maximum down 5590 {image}
It's a support area. Unlikely to fall much more adr hit & London closed.
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