Cable bullish outlook

13 nov 2016

GBP/USD broke its downward trendline since Brexit. The fact that there was a big swing failure where price recovered very fast and it held support around the 1.2382 area and bounced off the upward trendline gives us the conviction for an upward movement. First resistance comes in the 1.2793 - 1.2936 area (rectangle)

14 nov 2016

Nota

Excellent Risk/Reward opportunity for longs

14 nov 2016

Nota

Needs to hold these levels. Currently on the trendline

15 nov 2016

Nota

Broke the Trendline. A close below scraps the idea. Previous swing lows around 1.2360 key

15 nov 2016

Nota

Closing in on key area. Through those lows and bullish outlook is scrapped

15 nov 2016

Nota

Lows held for now as buyers defended the key 1.2360 area. Need to get back into the trendline if the move higher is to continue. Lots of shorts accumulated so if we can get back up through highs the move up should be sharp

17 nov 2016

Nota

We got some closes under the Trendline but support held for now. As long as the 1.2360 area hold we could still see a move higher

18 nov 2016

Nota

Support still holding this. Previous lows the line in the sand

18 nov 2016

Operación cerrada: precio stop alcanzado

Support broken. A close below and sellers in control