GBPUSD

Does anyone see C&H forming here?
The target may be about 1.7200

Good trade remo

Watching this closely remo but the down trend on the bear flag could be broken




Maybe a fakey just occurred after an inside bar on the 4hr





Very balanced but a good move could come either way. So what is my position? Fishing but fancy a long on retest of downtrend line.
RMc

Shooting star formed right at known resistance at the 61.8fib level



DYOR

Jackozy wrote: Cable now getting quite close to an important level with the uptrend support, horizontal support (wave 1 high?) and 50% retracement all converging:

I'll be going long at about 1.578 as long as the hourly looks set up for it.

Also looking at this level as wave 4 bottom. Will be analysing the 4hr price action though.

Rmc

Cable now getting quite close to an important level with the uptrend support, horizontal support (wave 1 high?) and 50% retracement all converging:



I'll be going long at about 1.578 as long as the hourly looks set up for it.