maximoney1
Short

Cable looking short over several timeframes.

FX:GBPUSD   British Pound / U.S. Dollar
46 0 2
Cable looking like a developing short over several timeframes. Initial reaction within the current mini uptrend should provide the first clue. A breakdown below support, might suggest that continued weakness could prevail until reaching the lower triangulation support line. The 'shallowness' of the triangulation might suggest that this could play out over an extended time with additional sideways movement within the move, but this could easily be a reflection of the fact that 'article 50 declaration' is being delayed.
If and when the triangulation broken to the downside, there is precedence for a drop to support at 1.14 plus a very nice Fib extension to that level. Added to all this, if there is any event triggering a flight to safety in the dollar, this would also add weight to the outcome.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out