Thanks for the caution, I don't do medium-long term stuff, so should be ok, as long as there's a new trend in a session, I'd try to play in that direction.

Cable Update (GBPUSD)

If it broke support TL, it may try to close back above, we still have 2 days left

Cable Update (GBPUSD)

Technical works, all depends on how you use it. You are right that Brexit is the sugar babe of the market, but it is not the only influence, and there are plenty of technicals that you can trade anyway.

Cable Update (GBPUSD)

M1, look at that weird looking candle that poked 3920 the last minute before hourly close, like someone's jumping off the sinking boat. H1 closed a doji(perfect doji with o/c both at 3936) not ideal but let's see whether it can work as a rejection ...

Cable Update (GBPUSD)

I am hoping that cable can get back above 1.4 before end of this week.

Cable Update (GBPUSD)

The retracement of the move from 4401 to 3877 need to be retraced at some point, 50% of that move is at 4142, go figure then

Cable Update (GBPUSD)

We quickly tested 1.3912, now time to test 1.3940, and H1 close above 1.3940 will be very important, since we will attempt to close H4 in the next hour and we need a ladder to step on. M5 we can see the 3912 rejection very clearly. I noticed that ...

Cable Update (GBPUSD)

We get back into this channel, and first bottom retest on new H1 candle failed, now we are going up, 3964 is opened now, and if that is broken, it will be very interesting. Ultimately, last H4 opens at 3982, and if current H4 closes above it, then ...

Cable Update (GBPUSD)

We've just touched the top of the red H1 candle noted by the blue vertical line and backed off a bit, I like this PA because it feels natural, and I think there's a good chance we could close above it thus expose 3964. If not I'd say we may have a ...

Cable Update (GBPUSD)

Nice 3 candle push through the bullshit candles, next 3940, then 3964, the MAs coming down and is a major hurdle, but these MAs has been used 6 times since Monday and the chances that they are broken is increasing

Cable Update (GBPUSD)

Crank up the engine and let's climb!

Cable Update (GBPUSD)

M15 close not idea, but I think there's still momentum left for a push towards 3940 at least, maybe it will gain more momentum and start a squeeze, in that case I may raise my target to 4117

Cable Update (GBPUSD)

Hehe,you know cable can be very bitchy sometime, so this morning short looks a bit too easy for me, given there is no obvious news, I wonder if it has gone too far too fast? Bitch need a slap on her face sometime

Cable Update (GBPUSD)

Here comes the first hurdle, 1.3913, let's see if M15 can close above(this is a M5 chart)

Cable Update (GBPUSD)

H1 engulfing is not the point as LTF engulfing in such a trend(even H1) is not likely be enough to stop the momentum. My rational is the retracement of the big red H4 candle after a new H4 candle opens. I also mentioned the M15 compression earlier ...

Cable Update (GBPUSD)

Small long from 1.39, target 3964.

Cable Update (GBPUSD)

One direction, that's what happens to cable now.

Cable Update (GBPUSD)

H4 closed below 1.39, hope the finish is near

Cable Update (GBPUSD)

Remember you called for bearish cable last week, v.good call.The PA this morning has been some kind of compression, I.e. steady pushing to one direction, on my chart it is basically constraintment by LTF short MAs, normally that will lead to a ...

Cable Update (GBPUSD)

Maybe a brutal squeeze is on the way

Cable Update (GBPUSD)