I dont trade cable much nowadays.. we have a love hate relationship... a bit like geppy and the yen at the moment LOL
but from what I see its bounced beautifully off the 4hr trend line and was absorbed with a nice long wick... the thing is for how long? UK been downgraded blah blah blah but if we zoom out a little we have a perfect bear flag forming on the 4hr and daily... break this level and I think there will be lots of fun and games to be had...
but from what I see its bounced beautifully off the 4hr trend line and was absorbed with a nice long wick... the thing is for how long? UK been downgraded blah blah blah but if we zoom out a little we have a perfect bear flag forming on the 4hr and daily... break this level and I think there will be lots of fun and games to be had...
DislikedHour 4 range's channel on GBPUSD. Price has yet to close under the 1.5214/10 support. A bounce/close above hourly's resistance @ 1.5234/35 will then validate this demand zone. A lower lo after 1.5195 will have breakout to the downside on the card. first minor resistance @ 1.5225 or pull back add on retrace. 38.2 of 1.5273/1.5196. {image}Ignored
"Millionaires don't use astrology, billionaires do"