GBPUSD - Trend Continuation AB-CD

FX:GBPUSD   British Pound / U.S. Dollar
In a nice trend continuation on Cable with a nice consistent LH and LL formation.

Trend extensions have been meeting the 1.272 fib so will look for a pull back into roughly the 618 level which lines up nicely with previous structure and if a signal arises I will look to short at the 618 zone taking an AB-CD             formation back down to the 1.272 extension proving a normal continuation of the trend.

Stops above previous swing high.

If the trade is successfully initiated I will remove 50% of the position at previous low (1.43410) and move stops to Break Even and hopefully ride the trend extension out to target level of the 1.272 (1.42974).

Might work.. might not work... But if levels are hit and a sell signal arises, I will be giving it a go :)
Comment: OK, so US News and the normal Friday 'sell off' has pushed PA down. I still stand by the analysis but will wait for markets to re-open and re-calculate the pull back ready for the new entry level for shorting this trend.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out