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- Wdfx replied Aug 30, 2016
Here's my analysis for this evening. In my view I see a head and shoulders pattern clearly broken yesterday and a descending triangle emerging. I am hoping for a break through the bottom of the triangle at 1.3057 followed by a further 80- pips drop ...
Cable Update (GBPUSD)
- Wdfx replied Aug 30, 2016
It sounds like were all in agreement short seems to be the way. I note that the 200 SMA is looking to cross the 100 SMA on the hourly. The last time that happened we had a big drop (5th Aug) Just a coincidence that Carney made a speech at the same ...
Cable Update (GBPUSD)
- Wdfx replied Aug 30, 2016
Good plan, but if your like me you'll be itchin to have a wee peek in an hour or so. You'll see an opportunity and then the plan goes out the window..

Cable Update (GBPUSD)
- Wdfx replied Aug 30, 2016
Its just got through and retraced slightly, hopefully this time it will follow through.
Cable Update (GBPUSD)
- Wdfx replied Aug 30, 2016
Cable is really struggling to get above 1:3117 it has bounced of this level a number of times in the last hour.
Cable Update (GBPUSD)
- Wdfx replied Aug 30, 2016
Eh... Yes it got to 1.3114 as per my original target but by then i'd been in and out a few times ... I am up but not as much as I should have been if I'd left it alone... I should just walk the dogs. I note that it has touched the 100 period moving ...
Cable Update (GBPUSD)
- Wdfx replied Aug 30, 2016
From what I've picked up his speech was slightly hawkish and the mortgage approval rate out of the UK is down. Shouldn't the currency be going south? Am I missing something?
Cable Update (GBPUSD)
- Wdfx replied Aug 30, 2016
I'm back and have locked in a small profit. My patience is being tried. USDJPY is getting near an interesting level (apologies for going off topic)
Cable Update (GBPUSD)
- Wdfx replied Aug 30, 2016
The best time for me to make pips is when I leave things alone. ... Time to walk the dogs.. I expect the pip fairy to have done her stuff by the time I get back and leave me some pixie pips !. See you all in an hour and a half..
Still long by the ...Cable Update (GBPUSD)
- Wdfx replied Aug 30, 2016
Sound advice- Got the indicator installed and running. Now have to figure out how to understand it?

Cable Update (GBPUSD)
- Wdfx replied Aug 30, 2016
You were spot on it hit 3059
What's you target? I'm in long 1st target 1.3114 ... may be a bit conservative but I would be delighted if it gets there.Cable Update (GBPUSD)
- Wdfx replied Aug 30, 2016
Touched 1.3059 now at 1.3070 lets see if it can struggle up to 1.3100 /3120
Cable Update (GBPUSD)
- Wdfx replied Aug 30, 2016
Now hovering at 3075. it will be interesting to see if it gets down to 3060Cable Update (GBPUSD)