Daily FX Training | Learn Forex with the Dynamic Traders: Cable rules

Hello Dynamic Traders,

A warm welcome back to Saba, there is still a wanted order out on Jagir...

What an interesting Monday its turned out to be, hope you were able to take advantage of the opportunity the market provided today. I managed to scoop up just over 200 pips on the Cable breakout out of a phenominal 459 ish available pips and around 100 pips on the EURGBP.

I have posted the Cable chart again today because it looks interesting. Suddenly this pair looks bullish after many days of consolidation. It has hardly had any pullback on its way up. I have uploaded a 30 minute chart which shows a potential bullish flag formation. The pullback has not reached the usual Fib breather level before it decided to head north again. Keep in mind the S & R in addition to the 4 hour chart which shows a potentially different picture (123886). As always please do your own analysis, wait for the set up and then don't be afraid to receive what the market provides.

Tomorrow is the biggest day this week for news items including interest rates so please take this into account when trading particularly for the short term traders amongst yourselves.