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NakedTrading4U

CABLE WEAKNESS CONT.

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
NakedTrading4U Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Fibonacci Candlestick Analysis trendtrading swingtrading Fibonacci Retracement nakedtrading nakedforex Fibonacci Extension supportandresistancezones GBPUSD Trend Intensity Index (TII)
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supportandresistance fibonacci candlestick trendtrading swingtrading fibonacciretracement nakedtrading nakedforex fibonacciextension supportandresistancezones gbpusd trendintensity
GBP/USD swing has played out almost as expected

CABLE touched the 50 fib, dropped, then came back up and tested the next fib zone at 68
Price action rejected nicely at this point followed by very nice bearish momentum

CURENTLY, IT APPEARS AS IF GBPUSD IS RETESTING THE TREND INTENSITY AND SHOULD NOT BE RETESTING AS DEEP

Target is painted by our FIB EXTENSION

Keep your charts clean and keep your trading simple. stick to your plans
Comment:
HERE WE SEE CABLE TOUCHING H4 TRENDLINE AND PRICE ACTION RESPECTING THE BEAR TREND
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