The bulls are now in control

Cable Update (GBPUSD)

Has 3070 become a fortress? Since the Asian session, the bears have been unable to overcome it. It's still a waiting game though

Cable Update (GBPUSD)

3070 is not siting pretty at the moment. If it gives way, 3030 will manifest

Cable Update (GBPUSD)

London has opened with fireworks. At the moment, the bears are bossing proceedings. Let's see where they'll get to. The hi-hi on M30 should give the bulls some hope

Cable Update (GBPUSD)

GU now at 3082

Cable Update (GBPUSD)

Is GU flying or is it flattering to deceive? It is 3095 presently. The bulls need to surmount the H4 average at 3111 to be taken seriously

Cable Update (GBPUSD)

Better to wait for the retracement. PA is yet to retrace properly for the whole day

Cable Update (GBPUSD)

Another RSI divergence on H4. The bears are certainly coming to this party

Cable Update (GBPUSD)

The RSI divergence on H4 has the capability of pushing PA down to 3066 (H4 average) today

Cable Update (GBPUSD)

Oh la la, the bears have pushed back the bulls below the M5 average!

Cable Update (GBPUSD)

Yes, PA is back to the M5 average area with the bulls on the front seat. Are we about to see 3161?

Cable Update (GBPUSD)

Did you say counter-trading? Thought that bearish spinner on M30 and the doji on M15 were the clinchers. Besides there were bearish RSI divergences on M15, M30 and H1

Cable Update (GBPUSD)

I believe you took note of the hanging man on H1?

Cable Update (GBPUSD)

The old H1 swing average at 3095 appears to be the next port of call. If the bulls don't halt the trip there, the DP at 3056 will beckon

Cable Update (GBPUSD)

Hope you've taken your profit. PA has begun heading southwards

Cable Update (GBPUSD)

Infact 3140 is in sight

Cable Update (GBPUSD)

Yes, D1 shows that the bears still have the upper hand but this is cable where anything can happen

Cable Update (GBPUSD)

PA has just flown from EMA 200/M5 (2992) to EMA 200/M30 (3004) in a jiffy. Which one will give way first? We shall soon see

Cable Update (GBPUSD)

For 30 minutes now, the bears have found EMA 200/M5 (2992) a formidable fortress to conquer. But the more difficult obstacle is the H1 average below it at 2986. It is quite early but these battles are enjoyable until a direction is established most ...

Cable Update (GBPUSD)

So, the bulls flattered to deceive. H1 average has fallen. Am waiting for a pull-back to 3040 to go short, if that fails the limit order at 3032 will suffice

Cable Update (GBPUSD)