You should be OK soon, what was your entry price

Cable Update (GBPUSD)

On the 1 hour we see the bears have reached the bear support and the average has made the LL. Now we expect an upward bounce to stop the average and maybe turn it upwards. If it doesn't then the next support is way down at 3140.

Cable Update (GBPUSD)

I wouldn't be ruling the bears out just yet. On the 4 hour I see bullish failure whereas the bears are still testing

Cable Update (GBPUSD)

On the daily we see the bulls continue to make HH and HL averages as they continue into the huge void above, fun and games there I'd say. The next bull resistance is a whopping 4946 level so I imagine the bulls will have to keep going in steps as ...

Cable Update (GBPUSD)

I still think longer term that price will at least attempt a cross of the average on the monthly chart.

Cable Update (GBPUSD)

I got fed up watching this so just placed pending orders on either side to catch the breakouts for 20 pips each. And wow! got paid out on both of then practically in the one hour. The bull run was far better but at the time I did not know it. Not ...

Cable Update (GBPUSD)

Very tired looking market. Stuck in the box for 24 hours now.

Cable Update (GBPUSD)

Just popped it to blow my trumpet and say I told you so...

Cable Update (GBPUSD)

It is not rocket science Bears FIND support to take out the bear resistance and bulls FIND support to take out the bull resistance. The opposite side of the support line is resistance. Nothing whatsoever to do with tops and bottoms. Either side will ...

Cable Update (GBPUSD)

As you can see from the 4hr chart the bears have now Found support (red) and could now take out the bear resistance (green) To speed up this process I use the 5 min chart if there are enough pips in the move i.e. 20. Like this....

Cable Update (GBPUSD)

Well if looking at the 4 hour chart, which I don't do I, have this structure

Cable Update (GBPUSD)

What about making another HH first. Many things are possible

Cable Update (GBPUSD)

Well I am on my third coffee and still have no clue. I think the problem at this time is we are right on the Average on the monthly and on the 1 hour all the local targets have been hit. The next one is some 4 cents away and I dare say much up and ...

Cable Update (GBPUSD)

Though the daily chart doesn't do much for me, it is far too long winded. I can see the bulls have so far found support and if this holds then they may make a new HH average since the bears have failed to make a LL one again. Should this be the case ...

Cable Update (GBPUSD)

Only when the bears find support and start taking out the bull supports should we then be thinking short. In other words we need evidence and trade it accordingly.

Cable Update (GBPUSD)

There is no such thing as overbought or oversold... Look between Sept and Oct was that overbought too.

Cable Update (GBPUSD)

Some good words here from asgcorp in particular "Price is king' It does not matter in the slightest what other pairs are doing (unless you are trading them) or any and all fundamentals, the chart does not lie. Winging it with the "I think" mentality ...

Cable Update (GBPUSD)

Don't we just love statements like this, even my wallet is smiling. Brexit is old news get over it. There has been a ton of movement since and heaps of profit opportunities in either direction, price has remained in a 3 cent range for the past 7 ...

Cable Update (GBPUSD)

Been out all day and get home to find I have been paid... The Bulls finally took out the Bear support, now can they hold onto it throughout the Euro session.

Cable Update (GBPUSD)

I don't know it seems price is content to stay around the mid point of a penny range for the time being. Looking at my 1hr chart the Bulls were the last to find support and the Bears failed testing it so we should see it test the Bear support at the ...

Cable Update (GBPUSD)