Falling wedge?

Cable Update (GBPUSD)

14160? anything could happen but I’d think that would be after a drop below 141

Cable Update (GBPUSD)

Another very low range day.. so far less than 80 end to end! Am long to 14136 and then will short to below 14090

Cable Update (GBPUSD)

14130-40 is the area for my next short entry

Cable Update (GBPUSD)

lol!!

Cable Update (GBPUSD)

All the way upto 14180?

Cable Update (GBPUSD)

Thing is cable has teased 141 a few times. Not sure if there is the strength to go below. The strength always seems bullish

Cable Update (GBPUSD)

I think we are at the bearish period however I can see a rise upto 14130-40 before a further drop. 141 is going to be a real tight nut to crack

Cable Update (GBPUSD)

14120 was the area in my opinion for a lift off. took profit and gone long too at 14125

Cable Update (GBPUSD)

Finally in profit! S/L set to B/E 14137 let’s see if we can hit 141

Cable Update (GBPUSD)

Pat is this another one of your alter egos?? If not then I’m signing up for the only fans

Cable Update (GBPUSD)

14140 now acting as support area. Need a push down to 14120 at least.

Cable Update (GBPUSD)

totally! This area is the ideal place for change of direction

Cable Update (GBPUSD)

14150 is an area of interest. Could bounce back or let the trapdoor open to 14120. As I have a short from yesterday I’m hoping the latter but a bounce over 14170 will mean I take a hit and go long to 142 and above

Cable Update (GBPUSD)

Bottom of the trend line looking at 1413 area on 4H

Cable Update (GBPUSD)

First step for bears looks to be 14150 area. Where it will either bounce back for more Longs or drop further to the low 141 areas.

Cable Update (GBPUSD)

this is looking very much like the flip version of yesterday where 14120 was tested and it bounced up. 14190 looks the equivalent resistance area

Cable Update (GBPUSD)

i see a rising wedge which is bearish to me

Cable Update (GBPUSD)

Potentially short from R1 to at least pivot

Cable Update (GBPUSD)