50 pips done. It's also likely the gap will now be filled

Cable Update (GBPUSD)

My advice is that you cut your loss now. There is no guarantee that it will do only 50 pips from 2458. With PA also bouncing off the D1 average at 2467, we might see a 100-pip northern trip from there.

Cable Update (GBPUSD)

The bulls have overrun the first line of defence, M1 average at 2461. Infact, the M1 rally has begun. The next fortress to surmount is the M5 average at 2475

Cable Update (GBPUSD)

'Au revoir' EMA/200 for now? And can we now have our 50 pips minimum? The doji on M30 is the clincher.

Cable Update (GBPUSD)

Now that PA has got to EMA 200/H4 (2458) they know the market will expect a pullback of at least 50 pips. But they are going to make it as bumpy and as difficult as possible. No one should miss these pips

Cable Update (GBPUSD)

Yes, but that of May occurred at a rock-bottom support. Apart from the technicals, the fundamentals are also not kind to GU at this period. Infact, it will be interesting to see how the bulls handle this week

Cable Update (GBPUSD)

GU is currently at 2522. If the market opens in the next one hour with a gap down, then all the predictions about 2650 and 2800 will become far-fetched

Cable Update (GBPUSD)

I got in at 2650 with the destination at 2574, the weekly pivot. We just got there but were there upheavals? Plenty of them

Cable Update (GBPUSD)

They know most of the traders are on the bear train. So, they are going to cause so much confusion in the market in order to discourage trades. So, don't expect smooth-sailing pips

Cable Update (GBPUSD)

Thought you were carrying bears on that trip. The 10-pip loss was just a tussle with a momentary turbulent weather

Cable Update (GBPUSD)

Air Oak. Good one. Hope it's painted GU. Congrats on your call: to the pip. However, the bulls may be looking very tired at the moment to the extent that the DP (2647) appears like a mountain to them but don't rule them out yet

Cable Update (GBPUSD)

Won't be surprised if it gets to 2688 (SMA 25/H4)

Cable Update (GBPUSD)

In spite of all the bravado of the bulls, PA has closed well below H1 average (2719). The pin bar on M15 is saying the bulls might have another run up. Hope they do for that will make a better entry for short. The bears are now in charge

Cable Update (GBPUSD)

Hasn't PA showed its hand by touching 2764 and slipping back to its standstill mode? Most importantly, it's been operating above the H1 average which is at 2740

Cable Update (GBPUSD)

Your chart gave you enough warning to clear out those shorts and then wait for better entries northwards. EMA 200/D1 is at 2803. So, the bulls are not through yet. Indeed, we might see 2830s before returning to the EMA

Cable Update (GBPUSD)

Bulls not interested in the warnings? Bullish soldiers on M15 but don't write off the bears yet

Cable Update (GBPUSD)

M5 has also given the same warning

Cable Update (GBPUSD)

For our friends who don't like the small TFs, M1 has just announced that the bear party is about to start

Cable Update (GBPUSD)

Last dance of the bulls? PA is demonstrating respect for Aki's EMA 5 upper band on H4

Cable Update (GBPUSD)

Last dance of the bulls?

Cable Update (GBPUSD)