I like that. You are speaking from experience. Meanwhile, have you noticed that the bulls are back. And when they are in this kind of mood, they can get to dizzying heights

Cable Update (GBPUSD)

Did you say 1 hour into London session? Or do you mean Frankfurt session? London session is just starting

Cable Update (GBPUSD)

Just a thought. Yesterday, Tokyo high was 2542 but London's was 2536. This is a rarity. London or New York normally surpasses the high or low of Tokyo/Asia on a daily basis. So, will it be surprising if we see 2550 today? Meanwhile, the old H1 ...

Cable Update (GBPUSD)

Ho la la, the spinner has been negated. PA has also closed above the H1 average. So, we are back to the parlance of the bulls

Cable Update (GBPUSD)

In the face of these staccato of up and down movements, isn't the spinner on M30 the pointer to the direction, PA will take?

Cable Update (GBPUSD)

No, what he's saying is not misleading at all. He's only stating the mood of the market but I hope you know there are professionals whose job it is, to defend their nation's currency. So, don't ever think the market will always go in a straight line

Cable Update (GBPUSD)

I agree with you. Right after my post, PA switched into the bear mode. We are in for a day today

Cable Update (GBPUSD)

So, can we now have our 2550? now that the bears have touched the H4 average at 2485. It has taken quite a while. Asia got near but didn't get there. London might get us well beyond there

Cable Update (GBPUSD)

2550 here we come?

Cable Update (GBPUSD)

That means you also must have loved harami's, three soldiers, piercing line and the likes. They are still appealing till date. The wise man says different strokes for different men.

Cable Update (GBPUSD)

Gulf in forex? That's lovely. Well-monitored engulfers guarantee loads of pips. Meanwhile, did you notice that M15 has closed with a menacing maribozu? It doesn't look as if the bears have any chance today

Cable Update (GBPUSD)

In the past, you can trade engulfers on GU with your eyes closed. Not anymore. Irrespective of the TF, you must pay very close attention to all engulfers. Addendum: You see what I mean? 17 minutes to the close of the hour and the last hourly bearish ...

Cable Update (GBPUSD)

H4 has closed with the bulls still on rampage. And for effect, it does not appear that 2535 will be able to stop these bulls.

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Except my H4 candle is different from yours, there is nothing bearish about the H4 candle. If anything the reverse-man candle is saying we are going 50 pips up from the close and I don't intend to miss any one of it.

Cable Update (GBPUSD)

Right now, don't you think PA is going back to where it was before the news. 2519, 2533 and 2550 are now on the radar

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Before then, the area 2475 - 2482 needs to be sorted out first

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In the month of June?

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M15 has closed with 3 candles above EMA 200. So, even if we go down, it is likely that PA will bounce right back up later

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These bulls do not look like 2420s will stop them. It won't surprise me one bit, if PA gets to the H4 average at 2477

Cable Update (GBPUSD)

Be careful. I wouldn't know it you use EMAs but M15 has closed above EMA 50. So, the bulls are still very much in charge

Cable Update (GBPUSD)