But for now, the bears are on the saddle. Infact, 3320 is now on the radar

Cable Update (GBPUSD)

PA has now cascaded to H1 average (3357). To be or not to be

Cable Update (GBPUSD)

So the M5 bearish run has been truncated just when PA had started sighting the H1 average at 3352. Let's see if the bulls will take over from here

Cable Update (GBPUSD)

PA is now on DP. We shall find out the direction soon enough. However, the bias is northwards particularly as we have PMI news in one and half hours time. Manipulation or not, GU has a record of always running up before any major news

Cable Update (GBPUSD)

It's like the bulls will open the week on the front foot. GU is at 3342 at the moment

Cable Update (GBPUSD)

M5 average is at 3331 while H1 average is at 3335. Recapture those and the bulls will end the day on a high

Cable Update (GBPUSD)

Are you a comedian? You have a great hang of the forex market but you seem to be a proactive trader. To succeed in forex one has to be reactive necessarily

Cable Update (GBPUSD)

I just woke up and it had happened. Pity I was fast asleep. 360-pip jump! Well, we keep soldiering on

Cable Update (GBPUSD)

PA is back to EMA 800/D1 (3172). Do we now get its own proper 100-pip drop? Yesterday, when PA overshot it to 3214, we witnessed a 107-pip drop to 3107.

Cable Update (GBPUSD)

PA is back to M5 average but the last H1 candle is a bearish spinner! And since there is no direction at the moment, the fingers are still crossed

Cable Update (GBPUSD)

Yes, it's looking like it. The M5 bullish run is uninterrupted and 3173 is giving way. Am waiting for a dip to the M5 average to go long

Cable Update (GBPUSD)

And if the bulls fail then the 100-pip drop is still in play. We have already seen a dip of 40 pips so far

Cable Update (GBPUSD)

The bulls won't boss PA today until they take out EMA 800/D1 now at 3173

Cable Update (GBPUSD)

Out at 3150, hope to jump in again on the retrace

Cable Update (GBPUSD)

Short 3170, SL 3182. Exit once the bulls recover. For me, it is guerilla tactics this week, ie, hit and run.

Cable Update (GBPUSD)

It is quite possible that you don't trade with EMAs but EMA 800 on D1 is at 3175 and has the capability of pushing down PA by 100 pips.

Cable Update (GBPUSD)

The monthly is presenting a frightening outlook for the bears. That trend line is clearly under threat and 3500 is now a visbile target

Cable Update (GBPUSD)

The bulls have wrestled back the H5 average now at 3132. They still have the H1 average (3138) to conquer. Howbeit the fact that M15 closed below EMA 200 is an indication that PA will likely get back there (3110) today. Whether that will happen ...

Cable Update (GBPUSD)

PA has closed below H1 average currently at 3138. The last time it did so was on December 2nd. So, the bears now have a shout

Cable Update (GBPUSD)

Out at 2997 with 10 pips. London has just opened, not comfortable with PA's behaviour

Cable Update (GBPUSD)