Jimi95

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.
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