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jimkane
Rep: 3,058
Posts: 33,089
Thanks for kickin' it off, Marcin. I'm thinking this week is going to be great for trading.
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MarcinO
Rep: 67
Posts: 5,506
After a classic 3D Cable seems ready for a correction, hopefully a larger one.
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MarcinO
Rep: 67
Posts: 5,506
M1 price action looks as if a final move to 1.4385 (or 1.44) level is on the way, after which supposed W4 will start.
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MarcinO
Rep: 67
Posts: 5,506
Pound went up over 30 pips off 1.44 plus.
If they really want to drop it 1.4440 might be it, alternatively mid 50s may work as resistance.
If they really want to drop it 1.4440 might be it, alternatively mid 50s may work as resistance.
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MarcinO
Rep: 67
Posts: 5,506
Bearish ABCD off 1.4440 seems to be confirmed, but I cannot believe this is done here.
One more leg up and reaction after it would look much more reliable here.
One more leg up and reaction after it would look much more reliable here.
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MarcinO
Rep: 67
Posts: 5,506
This small W4 ending zone may give some clues. If it sends Cable down than bearish ABCD is well confirmed.
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MarcinO
Rep: 67
Posts: 5,506
W4 against W4, It's tough call now, but being short seems more reasonable to me, however unles 1.4410 or even 1.44 is broken, anything can happen.
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JI
jimkane
Rep: 3,058
Posts: 33,089
And here's the new topic. Everyone please go there and vote that up (if you think it is good). Also, I added a post to the above one thread, so make sure even if you voted before you go and vote up that one. I know there are more people reading this than four, so please, everyone, help me out. I need to make sure that they don't seem vulnerable to down voting and we get the positive vibes going. Thanks.
http://www.mypivots.com/board/topic/8616/-1/charts-from-4-29-16
http://www.mypivots.com/board/topic/8616/-1/charts-from-4-29-16

