Guess where is the price going to now...? image

Cable Update (GBPUSD)

Yesterday was a bit quiet... MT4: image MT5: image I was only getting ready for today: MT4: image MT5: image So, tomorrow this in sight: image but on a smaller TF: image (the amount of swings could be smaller, of course).

Cable Update (GBPUSD)

Will it have enough power to reach and clear 1.37024? To not to lose out in case it doesn't, a short trade activated @ 1.36838.

Cable Update (GBPUSD)

Crystal ball...?

Cable Update (GBPUSD)

Yes, you are right! But to reach the bottom of 11th, there needs to be more "steps" (swings) done to collect profits. That is why I am waiting for the price to clear off 1.35200 first, then going up and fall to 1.34510.

Cable Update (GBPUSD)

Interesting fact: from today's low to 76.4% is roughly 130 pips. It's the same distance that GU made on the 26.01.2021 in that one long push up... Will we see a copy of that movement today?

Cable Update (GBPUSD)

Price reached 23.6%: image Next: Small movement around 1.35762 until news, spike up to 61.8% (1.36675) or even to 76.4 (1.37) and reversal from either of those points south to aim for 1.35200 (might not reach it tomorrow...).

Cable Update (GBPUSD)

And IF it goes to 1.36093, will it also set a direction to clear 1.35197 (2021-01-18 D1 Low)?

Cable Update (GBPUSD)

Will further downwards move reach 1.36093 (2021-01-26 D1 Low)?

Cable Update (GBPUSD)

And so it went exactly that way: image

Cable Update (GBPUSD)

I think this could be the answer to your question: image

Cable Update (GBPUSD)

Yesterday: MT4: image MT5: image 4th day in a row without losses...

Cable Update (GBPUSD)

Three times in a row PA is totally predictable. Strangely last three days no losses...

Cable Update (GBPUSD)

I am afraid we could not go above 1.37017...

Cable Update (GBPUSD)

Yes, it is a reversal because the price has hit 23.6% fib (1.36574) from yesterday move upwards.

Cable Update (GBPUSD)

The bulls move has been 79 pips long before the first "wondering what to do next" (red candle on 15 minute chart). If this is at the middle of the whole upwards move, then we will reach 1.38000 at the end of it.

Cable Update (GBPUSD)

And so the number 1. has ocurred. Will it retrace a bit to make another jump?

Cable Update (GBPUSD)

That move done now. Next either: 1. up to 23.6% (1.37236) , retrace to 38.2 (1.37018) and tomorrow up again (favorable) or 2. retrace to 50% (1.36841), from there attack on 23.6% and more up tomorrow.

Cable Update (GBPUSD)

Maybe after the last visit to 76.4 we will see bulls at least up to 1.36841... EDIT: ... or higher up to 38.2% (1.37018)

Cable Update (GBPUSD)

And that's what it was...

Cable Update (GBPUSD)