Cable has hit resistance going back to Jan and it looks as though the bullish move is taking a break for now. Why? Too much of a pull back. As a Bull I will still look for conservative set ups with a 1hr COT at the MCP or MS1 if this turns out to be a M1 – MS1. Perhaps if we open on Monday at WM2. Beware… Not looking very bullish at the moment but this will change.

Cable

One thought on “GBPUSD: April 20, 2018”

  1. callahan says:

    With USD strength I have to be very conservative with my bullish entries.

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