confined to a bearish channel and price action on the 4hr is bunched together with long wicks

Trade what you see NOT what you expect

Hello everyone im short with you lot as well, got the same channel. Eu looks pressed up against a trendline too so hopefully should weaken a little, EG is in a triangle and im hoping its a continuation of the trend, with all our shorts we should be ...

Trade what you see NOT what you expect

Oh yeah I never noticed that, I think you might be right thnx!

Cable Update (GBPUSD)

id be careful right now you could get whipsawed

Cable Update (GBPUSD)

Ahh i just noticed the left shoulder is above the head, dunno why i didnt see that earlier

Cable Update (GBPUSD)

ANyone else think theres a possible H&S on the 15min?

Cable Update (GBPUSD)

Ive had a rethink and if we do break the uptrend these levels may be much more sensible for taking profit.

Cable Update (GBPUSD)

If we're lucky enough to break out of this uptrend (for those that are short) then I will be taking profit at touches of the bottom trendline

Cable Update (GBPUSD)

Equities are starting to turn back down, its amazing how tightly correlated the $ is to equities right now

Cable Update (GBPUSD)

I dunno? Unless stocks stop rallying and start selling off, probably BE

Cable Update (GBPUSD)

MOrning everyone, Yeah I agree GU looks to be facing a lot of selling pressure and also looks like a double top on the 15 mins. All depends on stocks now if they rally then I doubt the double top will hold, but we could esily break lower if there is ...

Cable Update (GBPUSD)

LOL Tell me about it ive been doing the same all day as well!

Trade what you see NOT what you expect

bottom of the bear flag is coming in around 4140, im expecting strong support there. I hope it breaks

Trade what you see NOT what you expect

Yup! Poss H&S on the 15min and we look to be in a bear flag, hoping for a break below, first target 4075 2nd 3990

Trade what you see NOT what you expect

Hey Eo, yeah EU looks bullish but so does EG now, cable is undecided. guess cable will be decided by which ever one of those pairs goes up faster might have a trade on them both lol

Trade what you see NOT what you expect

Well spotted!!!

Trade what you see NOT what you expect

oh well, will just kick back, relax and wait for a bounce, might be waiting a long time after that news though

Cable Update (GBPUSD)

Now youve got me believing this chart painting theory and im the biggest cynic going Im wondering weather to short a break or not as well if we get it I dont like being whipsawed though! We have an inverted hangman on the 15mins ...

Cable Update (GBPUSD)

Morning Navin, I really hope we get a pin on the 1hr need this to go up so i can slap some shorts on!

Cable Update (GBPUSD)

Heres a chart

Cable Update (GBPUSD)