RemyLou, if the low on 4H TF is not in place yet, it should be soon.

Coreg's EW+HP+D/W Range

Not too much to say about this PA. Just trade from zone to zone.

Coreg's EW+HP+D/W Range

So far, no one has been bold enough to challenge the tough resistance zone between 1.3468 and 1.3488. image

Coreg's EW+HP+D/W Range

More good news for GBP...war is ending again...

Coreg's EW+HP+D/W Range

For the second day in a row, I go with the ABC pattern (up and down) on the 15M TF, making 14-20 pips by sitting forever to make a buck.

Coreg's EW+HP+D/W Range

Absolutely nothing can be easy trading this pair.

Coreg's EW+HP+D/W Range

Yesterday, the GU formed an inside bar on the daily time frame, with the low already tested. The price is still above 50% of the wide-range bar at 1.3376. I removed the diagonal trendline because it doesn’t make sense to keep it in a ranging market ...

Coreg's EW+HP+D/W Range

Today has been challenging, as GU is trading within yesterday's range of 147 pips, and remains above the 50% (good sign for bulls) of YR. It's difficult to identify a reliable pattern on the 15M TF.

Coreg's EW+HP+D/W Range

Let's see if GU gets today to the "killer zone," from 4 days ago @1.3467-1.3488. image Added: AB=CD pattern suggests a new high. The last zone that can prevent it from happening is between 1.3436 and 1.3443. Break below the current support zone ...

Coreg's EW+HP+D/W Range

EOD...

Coreg's EW+HP+D/W Range

The resistance zone was busted; shorting is not advisable after TLB (except scalp).

Coreg's EW+HP+D/W Range

After finding support at 1.3300, GU had a nice bump up. Now approaching resistance zone for the day @1.3396-1.3415

Coreg's EW+HP+D/W Range

Yes, but from the PA in the oval, we can anticipate only retracement to (a)-(b) leg b/c the swings are overlapping. Yes, it is. For one hour, the fight went on at 1.3477

Coreg's EW+HP+D/W Range

Waveskie, I hope you didn't buy GBP for your retirement account, anticipating a massive dollar drop.

Cable Update (GBPUSD)

birdland, I respectfully disagree with you. The best-case scenario for the bulls didn’t materialize. But it's not the end of the world. You had to anticipate the outcome when the bottom trendline didn’t hold. As a result, GBP/USD went toward the ...

Coreg's EW+HP+D/W Range

Weekly...I know, I know, crazy Coreg.

Coreg's EW+HP+D/W Range

Watch 1.3420.

Coreg's EW+HP+D/W Range

birdland, this is the most favorable pattern for GU unfolding right now.

Coreg's EW+HP+D/W Range

Birdland, this is why GU is currently in limbo. There hasn't been sufficient movement to motivate a larger group of traders to commit to buy or sell.

Coreg's EW+HP+D/W Range

I'm back.

Coreg's EW+HP+D/W Range