1. Tell that to these stats... image 2. Fib is not the only thing I rely on, but when it's set up properly, it gives lots of power.

Cable Update (GBPUSD)

Watch out, this could be a false break. image

Cable Update (GBPUSD)

Buy 1.23500 TP @ 1.24625 (to be collected next week)

Cable Update (GBPUSD)

End of the drop for today... Price touched 61.8 fib on H4 image Next break down tomorrow (up to 1.22980)

Cable Update (GBPUSD)

Where from do you take the opinion that "too long"? What determined this range - do you know? When was this range set? Forex is not for wishful thinking, mate...

Cable Update (GBPUSD)

And the result: image

Cable Update (GBPUSD)

So we go again. After the news, impulsive downward move, the "50% Major + 38% Minor" magnet is pulling back to the right position. Therefore: BUY 1.24371 TP @ 1.24625

Cable Update (GBPUSD)

image

Cable Update (GBPUSD)

Does this look familiar to anyone...? image

Cable Update (GBPUSD)

What does that mean to the trade? Up? Where to? Down? Where to? When?

Cable Update (GBPUSD)

In case anyone wants to know why GBPUSD acted like this today: And today we had another swing around the level I marked two weeks ago (1.24625). Results of finding this pattern (just from today): image

Cable Update (GBPUSD)

Buy 1.24110 tp @ 1.24666

Cable Update (GBPUSD)

image Transaction finished.

Cable Update (GBPUSD)

That retrace which you mentioned will be on Wednesday and the drop will follow Thursday, Friday, Monday, Tuesday.

Cable Update (GBPUSD)

SELL 1.24309 TP 1.24060 (50% Minor)

Cable Update (GBPUSD)

I hope this is a demo account Moty... If not, you will lose some big amount of money on those buys...

Cable Update (GBPUSD)

Where are your longs... to 1.27? (20/04/2020) image Where are you shorts...? (27/04/2020) image No hard feelings - just scrutiny...

Cable Update (GBPUSD)

I got an explanation why the price acts the way it does. M5 TF screenshot shows 23.6 level from the Fib that I was talking about yesterday (2020-04-07 00:00 to 2020-04-14 20:00).

Cable Update (GBPUSD)

Good luck

Cable Update (GBPUSD)