Cable charts

Higher time frame:

  • At higher time frame support,
  • No confirmation with a higher low/high on the daily.
  • But the intraday price action gives bulls confidence...

Intraday:

  • Put in those two steps on the hourly featuring higher lows.
  • The fact it's just hovering here doesn't instil total confidence for bulls.
  • This is the BoE risk management level.

What're your thoughts on cable and the beast?

My thinking here is that while everyone has different intricacies within their own trading methods, these clear levels should provide risk management value to all.