image I guess everyone sees that the price is testing 61.8 of the MAJOR move at the moment...?

Cable Update (GBPUSD)

Still bottom target of 1.22138 not reached, holding on to sell until this level gets at least "touched".

Cable Update (GBPUSD)

Oh, so you mean that if you pray strong enough, you will earn more $$$?

Cable Update (GBPUSD)

And ready for the second wave of the drop...

Cable Update (GBPUSD)

I would even go lower to 38.2 fib of the Major movement - 1.22138. But this target might not be for today. Previous drop was ~140 pips, so looking at a relatively close drop value today, it would reach 1.23100. Then on Monday we would have a pull ...

Cable Update (GBPUSD)

Yeah... image

Cable Update (GBPUSD)

Ready for drop.

Cable Update (GBPUSD)

I got short with TP @ 1.23514

Cable Update (GBPUSD)

What would be the reason for pound going up today/tomorrow/next week?

Cable Update (GBPUSD)

Yup! Go for it!

Cable Update (GBPUSD)

When GBPUSD drops below 0.0000, the pair would switch to USDGBP and from there it would be 0.0000 upwards.

Cable Update (GBPUSD)

... wait for it... image

Cable Update (GBPUSD)

And we arrived to the predicted level. Question is - will this second attempt be successful or are we going to retrace to 1.25748 to give price another chance on the ride below 1.24621?

Cable Update (GBPUSD)

Thank you for that. Is there a way to create a "default" fib, that would look like this one with prices? So instead of editing every new fib and adding %$, the newly created fib would include those?

Fibonacci with prices

Target should be ---> 1.24630 (second attempt to break 50% fib)

Cable Update (GBPUSD)

Thanks for your input. Here is my opinion on it. image Price jumped slightly over 61.8 fib, retraced and now it's heading for 1.27100, which is 61.8 of the MAJOR (December 2019 high to March 2020 low).

Cable Update (GBPUSD)

Exactly! image

Cable Update (GBPUSD)

Hmm... 5min trendline... ? Can you show me that on the graph, please? (I am not familiar with TLs...)

Cable Update (GBPUSD)

Oh c'mon, let's have some entertainment... Try to answer, please. Even if you don't give the answer I am thinking of, it doesn't mean you are wrong. It might be enriching to our views on the market.

Cable Update (GBPUSD)