GBPUSD

this is a weekly view ........will it get there ?

dl.dropboxusercontent.com/u/40497882/gbp_usd_Aug%20weekly.JPG





dyor.

WS

2nd swing target hit ..... patience sometimes is a virtue..., taken some off here and the rest will run as freebies with all locked in with stops... will it break out here ?

dl.dropboxusercontent.com/u/40497882/gbp_usd_4hr%20swing.JPG





WS

WaveSurfer wrote: 1st target hit

dl.dropboxusercontent.com/u/40497882/gbp..._4hr_26th%20July.JPG

WaveSurfer wrote: Diver - nice charts and agree from a longer terms perspective on bearish stance..

although in the short term been playing this and posted on chat earlier in the week.....need a break n hold abv 15282, notice the projected move should this play out and it just may kiss the broken TL..

original chart posted:

dl.dropboxusercontent.com/u/40497882/gbp_usd4hr.JPG

and now....

dl.dropboxusercontent.com/u/40497882/gbp..._4hr_20th%20July.JPG

rgds WS

dl.dropboxusercontent.com/u/7238706/CableDaily.png

Having broken out of the triangle in early February this looks like continuing it's downward path. Interestingly this has taken to hitting the 76.4% fib of late so I'm expecting 1.5574 maybe the high for the present: it's certainly in the resistance target area. What I am currently labeling wave C, which is open to translation, should end either at 1.4795 or 1.4203, obviously with a few ups and downs in between.

For info the weekly chart looks like this.....



dl.dropboxusercontent.com/u/7238706/CableWkly.png

after a choppy week due to news, i'm reentering around here.
this is a daily chart, so looking for a longer run now.

1st target hit




dl.dropboxusercontent.com/u/40497882/gbp..._4hr_26th%20July.JPG

WaveSurfer wrote: Diver - nice charts and agree from a longer terms perspective on bearish stance..

although in the short term been playing this and posted on chat earlier in the week.....need a break n hold abv 15282, notice the projected move should this play out and it just may kiss the broken TL..

original chart posted:

dl.dropboxusercontent.com/u/40497882/gbp_usd4hr.JPG

and now....

dl.dropboxusercontent.com/u/40497882/gbp..._4hr_20th%20July.JPG

rgds WS

This one was close to bailing me out earlier... But now has dropped nicely
This should be a free trade now.


dl.dropboxusercontent.com/u/4899609/gbpusd25thjuly.png