Cable Update (GBPUSD)

Quoting USDollar

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#GBPUSD So far short scalp @ $1.4621 is working out well....... :-) {image}

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Quoting Ill-b-back

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see if PA gives any clues as to legitimacy off the retest {image}

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Quoting Don96

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{quote} Niceeee, I wish I looked at the bigger picture back at this level, id have been in around that level and scaled in quite a bit now :/ I suppose its easy to say in hind sight but going back it was perfect level for a short to me. Broke out of triangle formation and a small channel, 4 hour and daily RSI may indicate some more room down, weekly showing up. and smaller timeframes now in oversold. going to sit this one out fir better entrys after this last trade Nice trade and GL

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Quoting meanvel

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{quote} If something isn't obvious, it doesn't exist... Not enough people will trade off it to matter at all. But, just for fun because I'm bored... I will join the entertaining tea-leaves fun and draw some lines. Some sellers will come in at the 1.49 area just because of this trendline between the highs, that is "if" we get up there. Next month that area will be about 1.475. I'm really skeptical enough institutional players and fund managers trade off trendlines or channels in Fx to matter... In stocks, sure, but here... I am skeptical. Weekly...

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Quoting slk

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{quote} Dont laugh at other peoples calls. See who gets the last laugh now.

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Quoting meanvel

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{quote} LoL... Me, because he got stopped out of his short far before the downtrend established.

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Quoting dean1star

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{quote} Forgive me for yes i am a sinner lol {image}

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Quoting Don96

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Might see 1.4400 today or maybe 1.4360 ish, That 50.0 fibo at the high of this move showed oversold on most HTFS and small timeframes had operfect candles, shame I was watching smaller timeframes too much at the time :0

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Quoting elbert3

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still dragging it out no bottom , might be now as i look {image} weekend possible was these 2 , trades target is hit and will it go up now {image}

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Quoting Don96

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{quote} 1.4400 seen, if broken then 1.4360/70 next, closed mine out before these and haven't re entered although fairly confident this and EU will push lower for today. But of course this is forex and nothing is a given time to get in for me was approaching daily pivot after the weekly and scale in from there

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Quoting Don96

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{quote} 1.4400 seen, if broken then 1.4360/70 next, closed mine out before these and haven't re entered although fairly confident this and EU will push lower for today. But of course this is forex and nothing is a given time to get in for me was approaching daily pivot after the weekly and scale in from there

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Quoting Don96

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{quote} Oops forgot about the 23.6 fib level at 1.4350 ish, maybe should have been watching but didn't expect a 20 pip move down and up so quickly haha :/

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