Cable Big Picture - Cable Forecast

[ 1D and 4H Chart ] Our friend the cable has been in the same turmoil as our friend euro dollar huh? lol!!! So this is easy - with a beak above 1.7942 we may see continued momentum toward our T1 which is at 1.8053 and with possibilty to our T2 zone 1.8116. However this pair is ina correction at this point and under the Tenkan Sen (on the 4H chart) which is acting as a resistance - so with that said -
Alarm @ 1.7944 - signal to identify break above key resistance level -
Alarm @ 1.8005 - signal for trade entry -
Alarm @ 1.8055 - T1
Alarm @ 1.8116 - T2
Just like the Euro - This pair is in a Bull scenario that I feel has momentum left - however if the pair gets below 1.7714 we are in threat of trend reversal - as seen on the 1D chart -
Be careful out there!!!



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