Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
Cable has acted greatly to the four hour rhythm which I mentioned three weeks ago in the weekly report. Yesterday we had a long signal on GBPUSD from 1.6148 and now we are currently +90pips in profit.
Let’s see the H4 chart:
We can see the behaviour of the price with 200EMA/High and again it bounced off this moving average with so many shadows around it. Also we have got a channel in that timeframe and it would be good to pay attention on 1.6300 and upper bond of the channel for our profit targets.
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