Cable Update (GBPUSD)

Quoting elbert3

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{quote} Morning, yes i can agree with that,, it breaks with a long wick only to be filled after a down move to find buyers 5558 on the 5 min is looking like thats holding so it could see bottom tl,, but staying above 5500, 15 min consolidation with 5 emas now , break will or should be a biggish move showing short term direction ,, 1 we se it break ist touch tl then spike up but not break, so we will keep this tl for future as price will go there if it goes long ,{image} now add 2nd tl touch so if short break this is where i will look to buy or sell,,...

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Quoting Fx_Anil

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GBPUSD engages into fall ahead of UK Retail Sales; however, 1.5515 and 1.5475 could restrict pair's immediate decline. {image}

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Quoting elbert3

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{quote} Hi Anil,, it has been looking like it wants to fill that gap you have ,? Regards

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Quoting elbert3

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{quote} Hi Anil,, it has been looking like it wants to fill that gap you have ,? Regards

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Quoting elbert3

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try sell again here 5570 sl 10 pips target 5523, flip long if it breaks

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Quoting Hickson

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{quote} Hi E, looks more like going long ...

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Quoting elbert3

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{quote} watch dt, trade off now wait till news and start the job all over again ,,lol 5623 sell order ??? thinking about that one before news

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Quoting elbert3

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took the break out target 5625 ,, not recommended before news??sl on the open plus 5 pips

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