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    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Kicking it off. I will try to post charts starting from tomorrow.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Pretty straightforward off the ABCD. Yawn. Not because I'm tired (although I am), but because it's so boringly basic and obvious how they play this game.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Cable ready to roll down to 1.3925-30.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    The chart:

    Click image for original size
    6b 2016 02 25 png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    It is falling a bit lower. The signature Pound gives before a reversal is amazing.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    1.3912 migh be it.
    BTW, starting from yesterday, the Pound shows a lot of respect to trend lines. Just an observation.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    And there's the reaction.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Cable apparently doesn't know which way to go. That makes me think, it will go up to 1.4020 to hunt down more stops, but of cource price action will tell.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    1.3890 - pretty close to my PTA. We will see...
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    I'm thinking that 1.3890 might be it. There is some stuff coming together here and the Pound is satrting a small, up to now, reaction.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    1.3920 may send the Cable up again.
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    yeah, they are funny