GBP/USD trading

stopped out

 

sold again 2.1090 target 2.06

 

Every indicator and trendline is pointing no place but up and you're calling the top? You're only hope is the possible retace to 2.0975 but don't count on it before you're stopped out again. BTW, been long since 2.513 with hefty lots. Good luck with your gambling.

 

Well you caught the move or retrace (yet to be determined) In any case I sold @ 2.1048 and will be sidelined until further confirmation. GL

 

target still 2.06 stoploss now 2.109

 

I don't think the price would go below 2.06
From my chart the price will go to the support at 2.0777 or between 38.2 or 50% fibo.

 

But.. noting is impossible in forex

 

closed 2.060

 

We were talking about Cable the other day on the EW thread

A weekly chart that shows an ending diagonal pattern.

The price often retraces back to the start of wave i

 

good trade...

good luck in your future calls