Fib 50 and Fib 38 of the latest GU swing are on 2798 and 2766 respectively. The descending TL is at 2772. Further down at 2747 is Davit's pivot or the WP. All things being equal, these are possible retracement points on GU at the moment

Cable Update (GBPUSD)

Thanks to President Trump

Cable Update (GBPUSD)

[quote=Nala66;11392988]Updating my 5M average chart we can clearly see that the bulls have smashed the 2892 and have the sights set on the 2953... And you say you are not a great trader! I like your humility but you are up there. Kudos

Cable Update (GBPUSD)

I agree with you. GU and drama are like siamese twins. Let's see where it falls to but one thing is sure, it will never be smooth

Cable Update (GBPUSD)

Bearish engulfer on both M15 and M30. 2809 (Davit's R38) here we come

Cable Update (GBPUSD)

M30 and H1 are still bullish but the doji on H4 is warning that the bull's run may have come to an end. If this is true, then one more push northwards might be all

Cable Update (GBPUSD)

EMA 50/H4 is at 2781 but it seems 2771 is having none of it.

Cable Update (GBPUSD)

Hope you noticed that divergence on H1

Cable Update (GBPUSD)

Is 2771 proving a monumental mountain for GU to climb?

Cable Update (GBPUSD)

So the bulls ended up singing after all. They are not out of the woods yet but after the maneuvres, they came out tops today

Cable Update (GBPUSD)

H1 candle has closed with an inverted hanging man. The latest Trend Line on H1 is also intact: unbroken. The bulls may be singing in a short while

Cable Update (GBPUSD)

D1 candle is beneficial to the bulls. If President Trump doesn't throw up another tweet today, 2771 may be lurking; and from there anything can happen

Cable Update (GBPUSD)

It's not beneficial to the bulls alright. That's the second white H4 candle in succession and guess what, the second one closed below EMA 5. For the past 6 hours H1 is yet to overcome EMA 5. The last H1 candle is a pin bar. All these point toward ...

Cable Update (GBPUSD)

It's like PA has now seen enough of 2719 (EMA 200/M5) and 2725 (Davit Pivot's S38). That being the case, the next target shall be DP at 2750

Cable Update (GBPUSD)

If our H4 candles are the same, you will notice that the bullish candle also engulfed the previous one. It also has a wick that had risen to 2735. Chances are that PA will shoot past that top. But let us all wait and see. The good thing is that we ...

Cable Update (GBPUSD)

H4 has closed bullish. CPI and PPI are positive. 2770 around the corner?

Cable Update (GBPUSD)

Good you are out of your Buys for now. EMA 200/M15 is yet to be taken out and M5 is almost confirming a hi lo.

Cable Update (GBPUSD)

Nala, you are also a great trader yourself. You taught the World of forex bull support and bear support. It will be nice to appreciate other greats like Navk

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I have had a look at your system and I must applaud you. You have a great system: simple, ingenious, free of hassles, very effective and very profitable. indeed, you are a guru in forex. I know it is very tasking and time-consuming but how about ...

Cable Update (GBPUSD)

It's unlikely that you trade this way but that EMA 100 on H4 at 3152 is in your support. I don't think PA will be able to take it out for now, maybe in another swing

Cable Update (GBPUSD)