Are we heading to 2481?

Cable Update (GBPUSD)

If 2518 holds, we should see a minimum of 50 pips up north

Cable Update (GBPUSD)

2518 is the confluence of fib 61.8 of D1 swing, mid Bolinger band on H4 and an old H1 average. It might halt this southern journey that commenced in the Asian session

Cable Update (GBPUSD)

H1 has just closed; the southern bias is still very much alive

Cable Update (GBPUSD)

The penultimate M15 candle closed well below EMA 200. That is a massive hint that the bears are taking over. But will anybody be surprised if PA goes up right back to where it is coming from: 2600? And for effect, the M15 candle has just closed ...

Cable Update (GBPUSD)

Buy limit at 2588 or buy stop at 2599, first to trigger

Cable Update (GBPUSD)

Exited -6 pips but PA is still bullish. I don't expect it fall below Aki's low EMA 5 band on H1 at 2578 presently

Cable Update (GBPUSD)

Long 2600, the M5 average at 2588 has become a bridge too far for the bears

Cable Update (GBPUSD)

We now have hi-hi on H1. The bears may have been brushed aside. We shall see very soon

Cable Update (GBPUSD)

Today's hi is yet to be taken out. As at now, H1 is still reading hi-lo

Cable Update (GBPUSD)

Are we about to see the move of the day? PA is back to the EMA 200/D1 area. Are the bears now ready?

Cable Update (GBPUSD)

At last, the march is on. For me, the initial destination is H1 average at 2548

Cable Update (GBPUSD)

But notice too that PA has not been far away from EMA 50/M15 and besides M15 is still printing hi-lo. So, it will not be surprising if we see PA swoop past the EMA

Cable Update (GBPUSD)

Congrats, that's the best way to trade GU these days. If you sniff it out, pick it up immediately: 5, 10, 15 pips, etc. They all add up at the end of the day.

Cable Update (GBPUSD)

H1 has closed bullish indicating a stalemate but it's still within the Aki's EMA 5 top band and so the bias remains southwards. In any case, the M5 average currently at 2587 will decide this duel soon enough. If PA closes decisively above it, the ...

Cable Update (GBPUSD)

GU is doing what it knows best: diverting attention from its intention to move south. The give-away is the last two candles on H1. And now, M5 is unable to close above the Auto R1 pivot at 2590

Cable Update (GBPUSD)

Short 2585

Cable Update (GBPUSD)

Sell stop 2568 in case PA moves very fast. Otherwise hope to catch the short higher up

Cable Update (GBPUSD)

PA has seen EMA 200/D1 at 2605. So, a 100-pip dip should be expected

Cable Update (GBPUSD)

You're correct, M5 has gone bullish. However, for me, it has to close above 2555 (Auto pivot R1) before entry

Cable Update (GBPUSD)