Just added at 25 .. tight stop above next fib

Cable Update (GBPUSD)

Calendar is pretty light on both sides tomorrow. Rate decision on thursday with a cut expected ... If we are directionless until then, the rate announcement will jolt us in one direction and we can join in on a pullback For now, 1.4420/35 area looks ...

Cable Update (GBPUSD)

50% retracement of the current swing down lies in that area...

Cable Update (GBPUSD)

Looks like a small 5 minute flag is forming... the 1.4420/35 area looks prime to short with a stop at 1.4450

Cable Update (GBPUSD)

We may have just missed our shot just shy of 1.4420, but anything is still possible

Cable Update (GBPUSD)

Consistent rise above 1.4420 and I will close but for now I still see down down down

Cable Update (GBPUSD)

put a stop in with some profit..

Cable Update (GBPUSD)

If we base here for now a jump back to 1.4420 and change should not be ruled out, however a clear failure of this level and we have an hourly 1-2-3 and its south we go!

Cable Update (GBPUSD)

Identical to my chart ... Im all about trendline breaks in the direction of the overall trend as well .. good analysis

Cable Update (GBPUSD)

Possible short on a fail to break back above 1.4380

Cable Update (GBPUSD)

Ya we have a 38.2% level there as well as the daily pivot

Cable Update (GBPUSD)

A bear came knocking on my window

Cable Update (GBPUSD)

If price cannot break back about 50EMA and make a higher high and a higher low, we are short .. if it does, you should take a long, but I wont...

Cable Update (GBPUSD)

My advice would be to not do that ...

Cable Update (GBPUSD)

why?

Cable Update (GBPUSD)

Bounce up to 1.4406/13 area then down again? If not, break above 1.4430 may indicate a range-bound market for now

Cable Update (GBPUSD)

pips are pips are pips .. nicee .. i'm still in and waiting to see what happens I wouldnt rule out 1.4320 and 1.4270, 2-50% fibs

Cable Update (GBPUSD)

I reccommend everyone watch these videos... Quantifying supply and demand ... url 1-2-3 Pattern ... url

Cable Update (GBPUSD)

Support at 1.4370,50,40,30 ... these include EMAs and the daily pivot .. below 1.4330 and we're short for now ..

Cable Update (GBPUSD)

The strength is with the bears for the short term now .. And those of us in are getting rewarded ... If you look at the last time this area was tested, price was there only a short period of time and quickly retreated ... Somebody sold, and then ...

Cable Update (GBPUSD)