Cable Update (GBPUSD)

Quoting W0lfram

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Bearish?{image}

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Quoting palpite

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It's changed. {image}

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Quoting Theoak

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The Higher timeframes are starting to find strength. Will it take it out of this bear channel???? 50/50!!!!

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Quoting palpite

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{quote} {image}

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Quoting Theoak

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{quote} Not out of channel short in at 1.3795 target {image}

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Quoting JackintheBox

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{quote} I don't want to piss you... but your upper trendline has no meaning... don't trend broken... now touching again real trend line down...

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Quoting Theoak

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{quote} Not out of channel short in at 1.3795 target 5 pips ish {image}

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Quoting navk

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{quote} Moti, To me, retracement over. My hourly, bullish signal. At open on monday, a small drop could occur, but to me bullish hourly.

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Quoting mysterio

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In long 1.3797, may be a smidge early. Looking for movement up to the pivot. W pattern/wedge breakout. I think 1.3791 then back up, may have clicked a bit early. I do still think we will drop down further after a 0.5/0.618 retrace of the down move, watch carefully. {image}

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Quoting Abeeha

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{quote} Dear oak whats your TP.

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Quoting mysterio

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{quote} Holding but I think this might have been a fake break up. Something big happened on Euro. Testing the edge of the wedge and DXY hit R3.

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Quoting Moty

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every time you will go up , i will hammer you down {image}

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Quoting Theoak

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{quote} Well I like to update the post a.s.a.p. So put the trade on as real time as possible. I went for a safe 5 pips ish. It could take out the previous lows, but there is potential of higher timeframe bull pressure. I'm kind of hoping for this move, but 50/50 now. So on hands at moment!

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