Fundamentally it might not make much sense but technically, PA is now bullish. H4 is the hint. Besides, PA is operating at above the swing average all the way from M5 to H4. Won't be surprised if we get a spike

Cable Update (GBPUSD)

Out at 3096 as PA returns to M5 average with hi-lo on M5; taking no chances

Cable Update (GBPUSD)

Long 3096, SL 3077. M5 average has caved in

Cable Update (GBPUSD)

Did you notice that while PA tanked from 3171 all the way to 3085, it did so grudgingly. 3065 might be a tall order today

Cable Update (GBPUSD)

Are you still holding unto this position? I'm seeing bulls all over the place. That H4 candle might be deceptive

Cable Update (GBPUSD)

The cease-fire at 3045 doesn't appear convincing, according to M15 and H1. The bulls seem to have something under their sleeves

Cable Update (GBPUSD)

Has the trip to 3045 begun? The bulls have shot down the M5 average

Cable Update (GBPUSD)

A response from the bulls at last. Let's see how the bears defend M5 average (2984)

Cable Update (GBPUSD)

Cable has been so weak this morning but it looks as if London is coming to its rescue

Cable Update (GBPUSD)

The outlook was short and after entry a bullish engulfer appeared. I normally have a big SL that enables me to exit before PA gets there. In this case, I had to reduce the SL because, GU could spike to it

Cable Update (GBPUSD)

Out, menacing bullish engulfer on M5. Bears, beware!

Cable Update (GBPUSD)

Yes, the bears! Already short at 3019. Hoping for a pull back to add to it. But there is the little matter of the H1 average at 3012 to sort out

Cable Update (GBPUSD)

Out for 5 pips at M5 average. Would likely short again. Side line for now

Cable Update (GBPUSD)

Short 3027, SL 3045 Addendum: Bullish engulfer on M5, tightened the SL to 3035

Cable Update (GBPUSD)

This is what makes the US session intriguing. Just when it seemed that the bulls had been run over they propped up a joker. They are still in this fight: lo-hi on M5 low

Cable Update (GBPUSD)

Fight-to-finish at 3000 and 3007 (M5 average). The bears have a slight edge though. M5 no winner yet; M15, M30 and H1 all bears for now but this is Cable where things happen in a twinkle

Cable Update (GBPUSD)

Out at 3003; the bulls are responding with a fight. Let's see if it will be sustained otherwise will short again

Cable Update (GBPUSD)

The bears have captured the M5, M15 and M30 averages. Infact, that of H1 is about 30 minutes away to suffer the same fate. To survive this onslaught, the bulls need to do something radically different. Is any tweet coming from Presido?

Cable Update (GBPUSD)

The bearish RSI divergence on M30 is certainly bad news to the bulls.

Cable Update (GBPUSD)

PA is now at the 3020 area, the confluence of WR 38 and an old H1 average. This might be the best the bulls will do today. Short 3020, SL 3045

Cable Update (GBPUSD)