That your Mr Horns is not looking like someone 2700 will wake up; the near maribozu on H4 is practically telling him, Good night

Cable Update (GBPUSD)

Now that the bulls are back, can anyone tell us where PA will retrace to before resuming the northern trip?

Cable Update (GBPUSD)

GU is sitting on low I-regr on D1. Not the time for shorts. It's a time to wait and watch

Cable Update (GBPUSD)

We're now at Nala's 2884 and WS 100 (2880). Any shorts at this area is not advisable at all. And from experience, it will take about an hour before the actual direction of PA can be determined from here.

Cable Update (GBPUSD)

Your chart is showing a Hi-Lo; and the latest low has been taken out. That is no encouragement for the bulls at all

Cable Update (GBPUSD)

So, we are back to 2930. But it's not yet hurrah for the bulls as Nala's 2884 and WS 100 at 2879 are now on the radar

Cable Update (GBPUSD)

Great. I got it. Thanks a million. And, of course, you hit the bulls eye with it. As you notice, the bulls seem to be bouncing back at the moment

Cable Update (GBPUSD)

Your loss management strategy is first-rate. What principles do you follow in putting your stop losses?

Cable Update (GBPUSD)

The bulls may appear to be losing 2930 for now but what M15 and M30 are printing at the moment do not suggest that the bulls have lost it

Cable Update (GBPUSD)

It's early morning yet but 2930 is proving a toughie for the bears

Cable Update (GBPUSD)

Is GU waiting for Gov Carney's speech before making the move of the day? In the past 2 weeks the average daily range of GU is 101 pips. Today we have seen just 35 pips. The bears are all over the place but I won't be surprised if GU touches the DP ...

Cable Update (GBPUSD)

GU has just respected your call of 3027. Kudos

Cable Update (GBPUSD)

With what we're seeing, 3261 is guaranteed. GU has comfortably cleared out EMA 100 on D1

Cable Update (GBPUSD)

Thought you were going to allow it run to 3130, WR38 area; unless you have the upcoming news in mind

Cable Update (GBPUSD)

GU is bullish certainly as the chart below shows. If it beats EMA 100/D1, then 3200 might not be able to cap it. Strange enough, EU is not bullish

Cable Update (GBPUSD)

Which tells me, even without looking at the charts, that EU is bearish. This is not good news for GU bulls

Cable Update (GBPUSD)

GU is now at the Weekly Pivot (3051) which is also, more importantly, EMA200/H1. If it doesn't push back upwards, then the bears are back

Cable Update (GBPUSD)

GU and EU posted interesting results last Friday. As can be seen from the charts below, GU became bullish after NFP News. EU huffed and puffed but never truly became bullish. Indeed, at present, EU is turning bearish. So, given the correlation ...

Cable Update (GBPUSD)

Yes, 3126 at the moment. The momentum is still with the bulls

Cable Update (GBPUSD)

So, GU has spent the whole day hugging the DP; moving 34 pips upwards and 26 pips downwards of it. In other words, the bulls and the bears have fought themselves to a standtill today; even with the trend clearly bearish

Cable Update (GBPUSD)