PA has now got to D1 average at 2423 and I am out. Waiting to go long and I feel we can now see the 2500s.

Cable Update (GBPUSD)

Goodluck. For me I am short already with 2434 as my TP1. If PA does not retrace there then 2421 is the next target

Cable Update (GBPUSD)

Thanks. But don't you think that presently, EMA 200/H1 seems to be giving in to the bears and that EMA 200/H4 at 2434 and EMA 29/D1 at 2421 are now on the radar. Are you still holding those trades without protection?

Cable Update (GBPUSD)

I doff my hat for your confidence. Only few traders can take this kind of risk. What is the yellow MA on your chart?

Cable Update (GBPUSD)

GU has so far not indicated a definite direction but PA has closed above H4 average. In effect, the bulls are emerging tops but how far they can go remains to be seen

Cable Update (GBPUSD)

It is early days yet but today looks like it will belong to the bears

Cable Update (GBPUSD)

Bravo bulls. For one odd moment, I thought the bulls had lost the M5 average. I don’t think the bears will take over until the small matter of the DP at 2527 is settled.

Cable Update (GBPUSD)

It's like it's going to be dicey today. It's no longer all the way for the bulls. But first, let's see what happens when PA gets to the DP at 2527. Long 2500, TP 2525

Cable Update (GBPUSD)

Rampaging bulls have just allowed the bears a sniff of the H1 average presently at 2526. The last time the bears enjoyed such a privilege was by 1400 hours GMT yesterday. Can the bears leverage on it? Tough. As it is at the moment, bearish targets ...

Cable Update (GBPUSD)

Typical of GU around this time: no direction. So far, the bulls have been able to defend H1 average (2475). We'll see whether they can build on it or capitulate but that could take up to 2 to 3 hours to materialize

Cable Update (GBPUSD)

Thank you bears. However, I expect a strong fight back from the bulls from here (H1 average)

Cable Update (GBPUSD)

Short 2494, TP 2475

Cable Update (GBPUSD)

The bulls have surrendered the M5 average and are about to lose that of M15 too. If WR38 at 2488 does not come to their rescue, it will become smooth sail for the bears

Cable Update (GBPUSD)

The bears have carved out an M5 run. The bulls will react but let’s see if the former can enforce a bear support and that will mean the bears had come back

Cable Update (GBPUSD)

The bears are now bossing the M5 average currently at 2506. Hope rising for them but the bulls are still all over the place

Cable Update (GBPUSD)

Nice one. In spite of the pandemic, we have seen and celebrated this year's Easter. We shall celebrate countless Easters ahead in good health, sound mind and under God's watchful eyes in Jesus Name

Cable Update (GBPUSD)

Of course, H4 is bullish but GU can be monstrous particularly in the US session. As I write, H1 has just closed with the bulls re-taking the H1 average. So, the tide has swung in the bull's favour

Cable Update (GBPUSD)

H1 has closed with PA now below the swing average. In effect, the bulls have lost the momentum. On M5 and M15, the bulls are still looking good but isn't that ephemeral? We shall find out very soon

Cable Update (GBPUSD)

Presently, the bears are attacking the M5 average with intent and may have their way. That is cable for you. It can switch without warning.

Cable Update (GBPUSD)