Check the support / Resistance zones

Cable Update (GBPUSD)

Possibly the price will retrace a bit and we need to check today's close price to confirm the close is below daily pivot.

Cable Update (GBPUSD)

Currently the resistance lies at 1.700 KS line. Another confirmation to me : Chikou span crossed the price bars + TK + KS

Cable Update (GBPUSD)

Another view of cable 4 hr chart using Ichi. TK/KS crossed in 4 hr though it is weak cross and above kumo. Chikou span crossed price bars.. Kumo is changing to sell kumo. The PA says 6910 at least or below. The buy kumo is a big and hard to break. ...

Cable Update (GBPUSD)

I use Meta4 only and experienced since beginning. But likely to change to another broker with ECN.

Cable Update (GBPUSD)

So you trade weekly chart? How you trade?

Cable Update (GBPUSD)

See the bearish Divergence in 4 hr chart Cable

Cable Update (GBPUSD)

Red candles are MACD candles.

Cable Update (GBPUSD)

You can see the short trades I took today and Yesterday from gbpusd chart.

Cable Update (GBPUSD)

Attached.

Cable Update (GBPUSD)

I wait for 4 hr line, at least one line ( at the bottom) to change colour. Then the other indicators for confirmation. Take the short position Below daily pivot.

Cable Update (GBPUSD)

Attached.

Cable Update (GBPUSD)

I do not trade this pair as it has high spread. But my trading system shows nice chart for short from 1.9560 since yesterday.

Cable Update (GBPUSD)

I am also watching the current price 1.700 area supply area.

Cable Update (GBPUSD)

Max, the bulls will have no power beyond 7025.

Cable Update (GBPUSD)

Agree.

Cable Update (GBPUSD)

I had a habit of swimming against the flow in the past.

Cable Update (GBPUSD)

1 st target

Cable Update (GBPUSD)

?

Cable Update (GBPUSD)

Not today. May be in the next two sessions. I would exit now and Re enter in Asia.

Cable Update (GBPUSD)