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Cable Update (GBPUSD)

Yes. The news has re-arranged the market for now

Cable Update (GBPUSD)

Exit 2975

Cable Update (GBPUSD)

The maxim says don't retaliate on the market but the bears are now on the saddle. Short 2980, SL 3015

Cable Update (GBPUSD)

Out at 2981. The bears have retaken the M5 average

Cable Update (GBPUSD)

Thanks but it's not as if the bears are down and out. The bigger trend is still bearish. And if PA closes below 2981 I am out

Cable Update (GBPUSD)

The bears have forced out the bull support to 2984. Entries still valid though

Cable Update (GBPUSD)

It's like we've got our bull support on M5 at 2987. Long 2993, SL 2965, TP1 3024, TP2 3044

Cable Update (GBPUSD)

In addition to the M5 and M15 averages, the bulls have brushed aside the EMA 200/M5 which is also EMA 50/D1 at 2984. So, who's gonna stop them now

Cable Update (GBPUSD)

Well, we've seen 2960 already and so if it gets down there again, it should go well below 2959. In Cable, anything can happen. At the moment, no clear direction has been fashioned out

Cable Update (GBPUSD)

Taking out those 3 soldiers on H1 will take some doing from the bears

Cable Update (GBPUSD)

Lock them up, the bulls are now on rampage

Cable Update (GBPUSD)

The bulls have established a bull support on M5 at 2979. The M5 bullish run will need some stopping now.

Cable Update (GBPUSD)

Yes, the bulls. They are back. They have captured the M5 average: something they had been unable to do since 5 am GMT today

Cable Update (GBPUSD)

Again, we’re back to the battle of M5 average, now at 2975. Who will win it? It’s dicey but the bulls have a slight edge

Cable Update (GBPUSD)

It's fine. We all learn everyday

Cable Update (GBPUSD)

Pros don't criticize; they discuss. H4 is good as long as it does not meet a key area

Cable Update (GBPUSD)

2977? Wish you luck but it is not advisable. Did you see the H1 candle? Good guys like you shouldn't be losing avoidable pips to the market

Cable Update (GBPUSD)

The bulls have torn through the Aki's EMA 5 band on M5 to the upside. M5 is also printing a bullish RSI divergence. Presently, the bulls are attacking the M5 average at 2985. If they take it out, they are back for real

Cable Update (GBPUSD)

Just noticed that the bulls are creeping back discreetly. 2960 might have capped the bears for now. Advisable to earn on all shorts for now and then watch

Cable Update (GBPUSD)