No divergences. Are we going lower?

Trading the Cable swings via averages

Did anybody see that 40-pip drop coming? The signals I had were all up before that sudden drop.

Trading the Cable swings via averages

It's like we've gotten our bull support on M5 at 3063

Trading the Cable swings via averages

[quote=1416ksr;12025976] Not any time soon. If it clears 3070, 3126 is the next stop and it will!

Daily Trading Ideas

Bullish rallies on all TFs. 3126 here we come

Trading the Cable swings via averages

Bullish. If you had applied EMA 5 on your chart you would have seen that it couldn't close below it.

Daily Trading Ideas

The H4 candle has printed and even though the doji is bear-coloured, it is bullish. The Alan div it formed is bullish. The last two consecutive Alan divs on H1 are also bullish. And it's like GU has spent the whole of today, up to this point, to ...

Trading the Cable swings via averages

GU is at its deceptive best. That M5 bull support has now been taken out. The last H1 candle had set-up both M5 and M15 bullish runs and now the reverse is the case; a bearish run is in the offing. So who wins this; bears or bulls. we shall see, ...

Trading the Cable swings via averages

M30 is now printing a proper bear support. Let's see whether it plays out

Trading the Cable swings via averages

Hope you recognise that GU is bearish at the moment. M5, M15 and M30 are all on a bearish run. Infact, within the next 10 minutes, we will know if H1 has joined them

Trading the Cable swings via averages

H1 average at 3015 hit in a jiffy. From the last bear supports on both M15 and M30, GU has dropped 37 pips. PA is now at 3025, the erstwhile stumbling block (up from 3011). In effect, that old H1 swing at 3005 is the next target

Trading the Cable swings via averages

So far, 3025 has proved a tough nut for the bears to crack. Won't be surprised if PA goes back upwards from here in order for the bears to gather enough momentum

Trading the Cable swings via averages

The M5, M15 and M30 rallies are back on track. Eyes now on H1 average at 3014

Trading the Cable swings via averages

The M15 bear support printed 30 minutes ago is stll standing firm. That of M30 is also intact as at now. But we keep our fingers crossed. The bulls are having a tough task is wrestling back authority

Trading the Cable swings via averages

Not quite textbook on M30 but time will tell whether this bullish engulfer on M30 is the bear support. The bulls have signalled intent but that bearish engulfer as well as the bearish Alan div on H4 are not so welcoming

Trading the Cable swings via averages

I also notice that M30 is trying to obtain a bear support. If it fails, then the bulls are back

Trading the Cable swings via averages

I feel that the H1 average at about 3014 and the old H1 swing high at 3005 will tell us whether the bears will continue to hold sway or whether the bulls will come back on stage. At present, the bearish run is alive on M5, M15 and M30 with bull ...

Trading the Cable swings via averages

It's like it's time for our bull support on M5. Meanwhile, M15 's rally has alligned

Trading the Cable swings via averages

The M5 rally/run is back on track. That of M15 will soon follow. Those of M30 and above are still intact. 1.05 pm GMT: 35 pips in a twinkle! Who says GU is not a darling.

Trading the Cable swings via averages

It's like the bulls have resumed their song; powered by M30 and H4 bullish Alan divs

Trading the Cable swings via averages