The cable is currently experiencing a huge sell off, i was holding several shorts yesterday and managed to make just short of 1000 pips. however, with that being said i feel that anything that is either vertically up or down creates no stability in the markets, which then leaves huge gaps in large orders. If you on the third of may we had a parabolic move to the upside on GU. The following trading day the bears took control and ate away at all of sterling gains within the next day. This is because when price moves heavily and quickly in one direction it doesn't give brokers any 'layers' to build orders on, thus affecting liquidity. You will find that you'll see price move erratically in one direction and then you will enter with the trend, price will then go against you to where the first move started, then there will be a continuation of the trend, except, you've been stopped out and you cant enjoy the green pips! Non the less, i am short on cable for the long term, but this setup looks very similar to the hundreds I have traded before! So, you've been warned!