H4 supply embedded in Daily Supply.
Cable has had a good run with 3 pushes printing higher highs.
Maybe, it's time for a reversal
Comment:
Trade closed +++
At time of posting, 9 days ago, Price had not yet reached the Daily never mind H4 level. I had expected (or hoped) the initial drive to go deeper(into the Daily) and reverse at said embedded H4 zone. So, when Price sharply reversed from the proximal line of the Daily zone I felt less certain at the second time of asking when Price returned (this time to the H4), especially given the high impact news yesterday by BoE governer Carney.
But, plenty of bears were waiting.
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At time of posting, 9 days ago, Price had not yet reached the Daily never mind H4 level. I had expected (or hoped) the initial drive to go deeper(into the Daily) and reverse at said embedded H4 zone. So, when Price sharply reversed from the proximal line of the Daily zone I felt less certain at the second time of asking when Price returned (this time to the H4), especially given the high impact news yesterday by BoE governer Carney.
But, plenty of bears were waiting.