Always keep the bigger picture in mind. See the 61.8 lines up nicely with structure on the daily, price has been making lower lows and lower highs if it breaks that trend line up I'll look to short from daily 61.8.

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Maybe so

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Daily trend down pull back to 38.2 potential double top???? We will see next week

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Indeed buddy I didn't go for the second trendline, 1-2 project it through is my rule. That's why untill that TL is broke all the bullishness will be corrective price action rather than a uptrend, even though it's moving up.

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Tp 2 hit for counter trend bulls watching price action now see if we can get a test of the trend line and look for shorts providing price action paints the way, expecting some form of consolidation first but I need to see clear trend change.

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I've got targets down at 1.235 for now and corrective bull waves. But for now I'm a buyer in the corrective waves up well what I think are corrective waves up I could be wrong though. If you take a look on the daily we still made a lower low so I'd ...

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I guess you just got to find what works for you, I'm useless scalping

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I really like to use fibs and fib extensions once you got your head round them there brilliant they can just be used in so many different ways.

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Yeah now the HL at 1.252 got broke but only from a corrective perspective not expecting a big bull run. But of course anything could happen.

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Now I'd be bullish potentially 1.258 for now bigger target be the down trendline and structure level around 1.26

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So here's something for a little interest. Notice we have the first swing in red bounces off a 61.8 fib retracment from there we plot a fib extension and notice where price bounces right near the 1.618extension. We see the blue swing we get a ...

Cable Update (GBPUSD)

I can see where your looking buddy but for me it's not significant enough if this moves drops down then creates that HL that's what I'll be after. Some people will even pass that off as a "W" pattern If it pulls back to where the 38.2 is in that ...

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I'm not all that sure on my harmonics I use the fibs in a different way, I just like to see specific price action. Then use the fibs for entry's and take profits.

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Or could it be a retest of the past swing stalling out at 78.6??? This is why I want to see a higher low on the 4 hour then broken but like I say I guess it depends on what timeframe you trade.

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I see where your looking change that to a 4 hour chart and you'll see the "hl" wasn't a significant pull back, it could turn out to be a harmonic pattern on the way to point D for the bears. Also in you defence though I guess it depends where your ...

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Still no reason to be long until I see a HL made then broken.

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I'm a keen seller lol

AUDNZD

I'm a keen seller lol

AUDNZD

Nope not you buddy I believe it was Mr president that told someone to ignore them.

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But fibbo's don't work.

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