GU still has sometime to drop more before a correction to the upside. Monthly timeframe shows a strong bearish grip for GU image

Cable Update (GBPUSD)

It looks like GU is testing yesterday's high @1.22465. A possible long towards 1.23438 which is Dec 5th High on H1 Tf

Cable Update (GBPUSD)

It looks like price is recovering from the yesterday rally. The dip has taken 38.2% fib ratio of yesterday's rally. If the H1 candle closes strong bullish we will have a morning star pattern which is a bullish reversal pattern and this may likely ...

Cable Update (GBPUSD)

Will Cable test 1.1408? Stochastic is suggesting a possible drop to 1.1408 probably. Let's watch how it plays out. From monthly Cable seems to be in all time low. image

Cable Update (GBPUSD)

looks like Bulls are getting weaker. Waiting for Bearish move probably image

Cable Update (GBPUSD)

It seems GU has formed a double bottom which is preparing it for a long move. DXY appears to have formed a double top. I have a bullish bias for GU today. image image

Cable Update (GBPUSD)

Waiting for a full set-up to short GU. image

Cable Update (GBPUSD)

DXY is on the downfall and this is probably pushing GU to 1.42 perhaps.

Cable Update (GBPUSD)

The wick is a strong confirmation of buyers' rejection. The pattern requires a gap up above the close of the previous bullish candlestick and a further close below the midpoint of the previous bullish candle. That is already established, if the next ...

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Ready to swing GU up to 1.6000 psychological level. The correction seems to be over. Strong daily bullish candlestick add value to this. The speculation comes with higher probability . image

Cable Update (GBPUSD)

Looks like GU down move is running out of steam. A likely up move in the near future, either this week or next week, a break of 1.4000 psychological level which happens to be a monthly resistance will confirm this. The correction is at 61.8% fib on ...

Cable Update (GBPUSD)

1.3975 is rejected. Gathering momentum to surpass 1.4, soon to join the upstream feast image

Cable Update (GBPUSD)

GU may see 1.39 in this deep correction. The primary trend is still strongly bullish. EURGBP is nearing 0.87 psychological level which may prove to be a resistance. image

Cable Update (GBPUSD)

GU is currently dragging despite DXY weakness. EURGBP recently formed a hammer on the Daily TF at a major support and the instrument is already oversold, an indication for a possible upside move which may drag cable down. I have closed all my cable ...

Cable Update (GBPUSD)

The long awaited correction is over. Time for the next rally towards 1.43 as cable has broken from a falling wedge marking the end of that corrective move. image

Cable Update (GBPUSD)

We may be expecting a deeper correction of GU to the downside. Time for bears to smile briefly. Meanwhile I have a bullish bias for cable and hope to see 1.4375 which is 2018 high.

Cable Update (GBPUSD)

Still holding last week bullish positions. Seems we just concluded the 4th wave @H1, perhaps last leg of the bull run before a deep correction. image

Cable Update (GBPUSD)

The daily ascending channel shows cable has more room up. Considering the MTF, the only obstacle on GU way now is 1.42 unless a strong fundamental factor turns this move down. According to Dow's theory, the sixth and final tenet states that a trend ...

Cable Update (GBPUSD)

TP reached. Will wait to see reaction at 1.4 now. Patience is the virtue of a trader. The fight is fierce really. image

Cable Update (GBPUSD)