Sweetly done. Kudos

Cable Update (GBPUSD)

... GU long still running not in a hurry to close.[/quote] For intra-day traders, the doji on H4 presently, is very discomforting to the bulls

Cable Update (GBPUSD)

My O my, GU has bombed out H1 hammer without sweat instead. It wasn't as if the warning signs were not there. Those three white soldiers on H4 were ominious. But even at that, taking out a H1 hammer requires some doing. Hello bears!

Cable Update (GBPUSD)

With the well-defined hammer on H1, GU should fire up back to the DP, without sweat

Cable Update (GBPUSD)

Got to 3136 but still a good call. GU is at the confluence of mid-i-regr, mid BB, EMA 50 and SMA 25 at 3141, all on H4. So, all things being equal, we are going back northwards.

Cable Update (GBPUSD)

H4 has closed with a bearish engulfer. This is bad news for the bulls

Cable Update (GBPUSD)

Your chart is about the best tracker of these weird movements of GU in the past 3 days. Kudos.

Cable Update (GBPUSD)

Wouldn't know the Sto that you mean but H4/RSI is 60 presently. Notice too that since 6 am GMT, H4 has never gone below EMA 5. All these are uptrend pointers. Meanwhile until PA beats EMA 200/M5 which is currently at 3149, the bull are fully on ...

Cable Update (GBPUSD)

The bearish engulfer on H4 is an indication that GU is more inclined to the south at the moment

Cable Update (GBPUSD)

[quote=Davit;11289105] PP you mean Weekly pivot then its not a theory its a fact High Low divide in half. Glad to read from you again. Please never mind all the impostors all over the place. You are a jewel to Forex and there ls nothing anybody can ...

Weekly Pivot trading with TDI

I will be very surprised if PA doesn't get to EMA 200/H4 at 3288 before any southward trip

Cable Update (GBPUSD)

The bulls are in with a shout but there is no confirmation yet. Nala's old M5 bull support is in the way at 3129. If the bulls succeed in clearing it, 3139 shall be next before Davit's pivot at 3146

Cable Update (GBPUSD)

Are the bulls back to life? The next 15 minutes will tell.

Cable Update (GBPUSD)

I believe you have some tight SL because PA is not looking good for the bulls at all. Indeed, 3085 to 3100 is now on the radar. And there is no assurance that the bulls will take over when GU gets 3085

Cable Update (GBPUSD)

[quote=jusstin911;11247023] I mean why short a bullish market? that's the risk i was talking about.. GU is bullish at the moment, alright. If that second but last H1 greenish engulfer is not convincing then the last H1 candle is the clincher. 3296 ...

Cable Update (GBPUSD)

Have you noticed that EMA 29 on M1 has been powerful today. If the bears are able to overcome it at 3258 presently, a trip southwards will beckon

Cable Update (GBPUSD)

You may be right eventually but that bullish engulfer on M30 is not friendly at all

Cable Update (GBPUSD)

Oh my, the bulls have wrestled the weekly pivot from the bears. If they also succeed in taking out the DP at 3258, then the next target shall be Davit's R38 pivot at 3295; or Nala's H1 bear support at 3298; all without minding the maribozu-like long ...

Cable Update (GBPUSD)

At present, the bears are having the upper hand in the Battle of the Weekly pivot (3221). Nobody knows as yet, who will prevail: bear or bull. The innocent bullish candle on H1 is not good news for the bears however.

Cable Update (GBPUSD)

[quote=FOREX.com;11243948]GBP/USD blasted by BoJo bowing out, bears watching 1.3205 and 1.3050 MATT WELLER ... In other words, it's a case of the fundamentals meddling with the technicals. And so, if the market eventually decides that the 2 ...

Cable Update (GBPUSD)