When this happens, it means that neither side is stronger and that it's either accumulating(for entry buy) or distributing(for entry sell). I experienced this quite sometime ago, on the USDCHF pair, where it kept fluctuating and I entered scalping ...

Cable Update (GBPUSD)

it could break the line and move downwards! who knows! image image

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image

Cable Update (GBPUSD)

That horizontal yellow line... seems to be a good support / resistance zone (where we are right now). Although on the shorter timeframe that would seem like a bearish trend, but always we should consider the important support / resistance zones on ...

Cable Update (GBPUSD)

hope that I'm wrong...

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These wicks mean something... especially the last one

Cable Update (GBPUSD)

it's in accumulation phase now...

Cable Update (GBPUSD)

Reason why I'm biased toward going long:

Cable Update (GBPUSD)

well, I figured out something valuable thinking about something you wrote (not the first one, but your reply) and I owe you a big LIKE. In fact I learned something good and that deserves a like but since I can't vote as a new user, consider it done! ...

Cable Update (GBPUSD)

or yours, who knows!

Cable Update (GBPUSD)

it's in an uptrend, why would you go sell? after the news it was going to get the stop losses and then move upwards

Cable Update (GBPUSD)