CABLE Scrutiny of Higher TF analysis.

FX:GBPUSD   British Pound/U.S. Dollar
Cable 240
Cable in a strong bull trend, Yellen speech attempting to push in the way of the bears. A break and close below the 1.533 mark would take out previous Higher Low and put us in strong bear territory
A possible h&s pattern could form to provide an entry on the lower TF.
0.618 fibonacci level proving a strong resistance zone as the speech couldn't make it break through it, receiving a 3rd Strike.
MAs drawing closer together which could point give us an inkling that the bulls are running out of steam.
Kumo cloud flattening out also a sign of deceleration along with a TK             crossover.

Patience for this pair not to rush into any short positions as it has the possibility of going long.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out