Abeylyn, I don't want to be misunderstood. It's all about the TF we trade. On daily TF, the first resistance zone 1.3004-1.3029 is a bi(a)tch, which has been hard to take out so far. It all depends on whether the temporary low at A will hold. ...

Coreg's EW+HP+D/W Range

I trade the range for the last 3 days on 5M TF but my bias is to the upside. There is not too much to brag about, yesterday, I got barely 18 pips during the NY session. image

Coreg's EW+HP+D/W Range

I was 1 minute too late to give a heads-up... Sorry.

Coreg's EW+HP+D/W Range

Jade, thanks for the heads up. The last time I saw the AU chart was in August. When the price gets into the zone @ 0.6532-0.6474 I will follow PA on smaller TF.

Coreg's EW+HP+D/W Range

The 3rd time can be the charm and 1.3008 brakes, maybe...

Coreg's EW+HP+D/W Range

GU approaching Friday's resistance zone. PA suggested retracement mode-cyan oval.

Coreg's EW+HP+D/W Range

Waveski, you are cordially invited to check this thread... url Nothing but the Dow Theory with Fibonacci ratios assigned to SH/SL—explanation upon request. No one was turned away.

Cable Update (GBPUSD)

The first hurdle on the way up is the strong resistance between 1.2995 and 1.3008, with the TL sloping down. The target on the long side is as high as 1.3037. YCL and WL are the first support at 1.2977 and 1.2974, respectively. image The daily TF ...

Coreg's EW+HP+D/W Range

I split the zone for potential wave v in two. It depends on how far away from the maximum level the trader is willing to enter counter-trend trade.

Coreg's EW+HP+D/W Range

If YH @1.2995 is wave 4, we should see the test of this level by EW. Wave 4 of a lesser degree is usually tested. The market can touch this level, come short, or overshoot it. It's a key level to watch today. updated chart with EW labeling.

Coreg's EW+HP+D/W Range

GU is approaching a serious resistance zone between 1.2989 and 1.3005. By my trading method, YH should be tested.

Coreg's EW+HP+D/W Range

I got the same resistance for now 1.2964-.xx72. Yesterday on the daily TF we had an indecision bar. Today is all about YL @1.29445 if breaks the chance is 1.2913 is in play.

Coreg's EW+HP+D/W Range

If GU trades below YL the target is between 1.2930-.xx13

Coreg's EW+HP+D/W Range

Update...

Coreg's EW+HP+D/W Range

The retracement is getting deeper and deeper to form potential wave 4. I'm not saying GU won't make a new high, but it will be much harder.

Coreg's EW+HP+D/W Range

...1.2925 should be the magnet.

Coreg's EW+HP+D/W Range

It's possible but not sure thing...

Coreg's EW+HP+D/W Range

Targets after abc pattern

Coreg's EW+HP+D/W Range

How to find POC without having a market profile on the chart. I was close. 1) 30M chart 2) find the consolidation area 3) run HL through as many open/close prices on 30M bars

Coreg's EW+HP+D/W Range

GU has a serious resistance zone between 1.3044-xx50 with the TL sloping down.

Coreg's EW+HP+D/W Range