Since Cable bulls completed three white soldiers (refer to yellow highlighted pattern), they have just kept on going, but not without some whippiness which has caused some losses along the way. Right now Cable is going sideways but still with a bullish bias as it contends with R4 looking for a break through to R5. What’s the verdict?
In spite of today’s retracement up, the high of bearish flip-flop (refer to pink highlighted pattern) is still holding and therefore bears still have the upperhand. What’s the verdict?
SEPTEMBER REPORT (Portfolio delivered 684.49 pip profit for the month)
Another good month for Techno4x ending the month of September with 684.49 pip profit.
GBPUSD: 466.2 pip loss
EURUSD: 288.7 pip profit
AUDJPY: 538.5 pip profit
EURJPY: 323.49 pip profit
GBPUSD ANALYSIS (Portfolio delivered 27.4 pip profit for today)
The high of our bearish fip-flop (refer to pink highlighted pattern) is still holding in spite of being tested today, keeping the bias to the downside. What’s the verdict?
At the end of the day we were able to bank our trade for a good profit although it would have been nicer had the bears managed to go a little further than they did but oh well… a profit is a profit. What’s the verdict?
