Timing is key

CABLE & possible completion of an Action/Reaction Set!

FX:GBPUSD   British Pound / U.S. Dollar
491 7 9
Today's idea is based on some price action "tells" pointing at future weakness for cable.....The recent pullback from the previous weeks savage selloff has cracked some lows.......The more recent clear rejection has the bears clearly winning with progressive lower high's and lower lows...If we have a revisit of the sell zone it will be good shorting area as price completes the AR set and is contained within the ellipse. A shorter term TP is at the white dotted ML passing that the blue dotted reaction line could present itself with a long setup ( failure trade ).....You will also notice that the final leg is the 5th swing in this move......an added confluence 'tell"........will have to see how this unfolds...
I see 1.45000000 near future ^_^
muuhamhmadmuuniir moorekapital
I hope
Nice sine wave...current verdict?
Timing is key IvanLabrie
completed 7 legs....lines up with reaction line at the bottom.....If it breaks this upper parallel, will likely have a sizeable correction targeting 158
IvanLabrie Timing is key
This might align with the equities.
+1 Reply
Unlucky not to get the revisit for the short...however weakness was confirmed after reaching TP1 and bottom parallel TP2 is the target.
+1 Reply
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