Cable still strong but i decided to go for 1.3995 for few pips. DXY still weak. image image

Cable Update (GBPUSD)

image Just to cheer everyone up. For friends who are trapped in the anticipation of a bear run, just be cheerful, you trade your plan and some days are like that.

Cable Update (GBPUSD)

Saturation point reached. Expecting a 38.2% of that leg up, and reload a buy if necessary. Just my opinion. image

Cable Update (GBPUSD)

1.4 is very likely today. But your Tp must be a bit below that psychological level. image

Cable Update (GBPUSD)

Time to lock in profit for those of us that have long GU. Don't wait until price hit 1.4, you can trail your stoploss to BE or beyond depending on your entry point. My humble recommendation.

Cable Update (GBPUSD)

DXY H4 Bearish Engulfing Candlestick. image

Cable Update (GBPUSD)

Not necessarily market manipulation. If you had paid attention, during Asian session, cable started to form a falling wedge pattern at 61.8% fib, that is an indication of an ending correction preparing for a way up. DXY had difficulty penetrating ...

Cable Update (GBPUSD)

Finally the falling wedge is broken, potential to go up signaling end of correction. Since 1.39 is broken, target is now 1.4. image image

Cable Update (GBPUSD)

Looks like GU correction is over with fallen wedge on H1 and divergence. This is also 61.8% fib from 1.38 to 1.395. Perhaps gathering momentum to propel it to 1.4. image

Cable Update (GBPUSD)

Time to Short. image

Cable Update (GBPUSD)

On the daily TF we can see a break of an ascending channel and a retest of 1.385. Though price is already expensive for the bulls. There might be a deeper correction for Cable to gather more liquidity before it proceeds to 1.42-1.43 zone. image

Cable Update (GBPUSD)

Finally price has made it to 1.395 area. Expect a pullback with this image formation of evening star at H1 TF. Likely a minor retracement to 1.39. A break of 1.395 will push us towards 1.42-1.43. Trade with caution

Cable Update (GBPUSD)

Cable is currently experiencing weakness. Finding it difficult to make new higher highs. Perhaps about the time to enjoy a temporary sell out to 1.385 zone. Let's watch. image

Cable Update (GBPUSD)

There is likely going to be a retest of 1.385, but price is heading towards 1.395. We are at the second phase of a strong bullish run. A break of 1.395 will likely take us to 1.42-1.43 on the long-run. Trade your plan!

Cable Update (GBPUSD)

You are right probably but am still holding the long trade because DXY is currently weak. Heading towards support @ 90.00 image

Cable Update (GBPUSD)

Join the wagon guys. Bulls are eyeing 1.395. Bullish momentum is high. Up! Up!! we go... image

Cable Update (GBPUSD)

Am in with the bulls after the break of 1.3835. Eyeing 1.395 on swing.

Cable Update (GBPUSD)

Next resistance is 1.395

Cable Update (GBPUSD)

Haaahaahaa. GU is playing pranks. Now that 1.38 is breached, price is likely going to retrace after hitting 1.3835. On the overall, GU is eyeing 1.395 which is Oct 2000 low. For now it seems to be the only obstacle on Cable's way up. Happy ...

Cable Update (GBPUSD)

For over 8 hours Cable has continued sideways. The engulfing candlestick on H1 and DXY gradual pullback with weak volume may all spell a short bear run for cable. Meanwhile the overall outlook of GU is bullish. Trade with Caution!

Cable Update (GBPUSD)