GBPUSD what next?

Dec 15, 2016

Yesterday I called a short for Cable,
It went much further and faster than I expected - I hope you caught some of it
Now we have to decide what next?

What I see is a break of the recent Daily trend and a possible decent to previous lows

How is it going to get there though?

Well it may start with a correction of yesterdays avalanche - I'll not be getting involved until we see how that develops.
I'll post an update early next week when we should have a better idea of developments

Hope this helps
Good luck
Steve

Dec 15, 2016

Note

This pair has pushed on down but it's impossible to get a good risk to reward with out a correction - be careful of diving in it may turn the moment you do so.

Dec 16, 2016

Note

Currently correcting - possible short entry