Cable is in consolidation .DXY is strong today.And big news ahead.Wait the price to brake above or below the two resistances for direction . #tradesafe
GBPUSD .On the 4h chart the base line and the conversion line are crossing .So we could see a reversal.And we are under a Resistance Line (red Hors line).A sell setup could be forming .wait until the EU market open.
After 5 surges to the upside and failure to brake 1.2503 resistance gbp retesting 1.2419 support .On the daily chart conversion and base crossed to the downside also on 4h chart .I think as previous ideas that gbp will be in bears territory soon .
After gbp failed to brake major res and us regained some strength we saw that long drop.Next support is @ 1.2419 aprox( you can see it in my previous charts). But we still have Draghi in the afternoon (eastern time) . #tradesafe
Monday cable made a long green candle for no reason .The dollar is still very strong. Brexit talk is on the table again.On 4h chart we are in bear ground and under bearish cloud.So we could be revisiting previous structure low.We have Autumn forecast and some news today that could change things for a while.( The red lines are resistance lines and they are still...
Yellen a good boost for $.Indicators pointing to the downside .Future cloud bearish.Once we are under the cloud we are in bears territories.Next resistance is @ 1.2419 aprox (4h chart the red H line in the pic ). #tradesafe
Ahead of uk data gbp still making new lows .Future cloud is bearish. On 4h chart conversion and base are preparing for a cross to the downside. On daily chart we are still under a bearish cloud and under the conversion line. So until now we are bearish ...we will wait for the news to enter #tradesafe
cable on 4h chart broke resistance .conversion and base line crossing to the downside....#tradesafe . But still the big mover today will be the us elections so be careful.....
we are above the cloud all the indicators are pointing up 4H chart.The red line is our old trend line before the previous big drop.We broke the line but the candle didn't close yet and we still have news.We are still long for now.#tradesafe
On 4h chart the base and conversion line crossed to the upside.The bearish cloud in ending.Keep an eye on today's news........We also have a good support on the daily chart the candle is above the 122079 conversion Line
GBP could be retesting the yellow trend .....Brexit will keep dragging cable down.Conversion and base line are crossing again to the downside.The cloud is bearish...we are going south
after retesting the trend line on 4h chart.and the conversion and base line crossed to the up side i think cable is ready for a bull ride..
We broke the trend line on 4h chart yesterday.We are still under a bearish cloud. Conversion and base crossed indicating a down move.So we could be retesting the trend line before we go long. Yellen is speaking also today,so i think this could be the turning point.Until then #tradesafe
cable is strong ATM. Audusd is short.On 4h chart we are above the cloud.Indicators are pointing up. Future cloud is bullish.Trade safe.
after it bounced on the 1.67847 resistance it broke twice and now it's heading downwards again.It's making new lows all the indicators are pointing down. Watch the news and trade safe.....
the sterling was very week lately.we are under the cloud.All the indicators are pointing down.But we have a strong resistance ahead @ 1.67856 .it was tested once and rebounded.I'm still short but we must expect a consolidation on that level.......#tradesafe