![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie-5_EHw54g8pEBLifcMN3uMjMJLVKXbsTx0T3WHTTUaF1vn6OBYX6HapyOhCgtRrt2uuxe4mdXhLU9eyaKTRAYM5pSnuqM_2xGgJszP76XYvDkoY3JYvFp6hw5mWvRIjVGVjU0UKl9b5e/s320/cable+outlook7.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjswMvYQ9faks0AkdRGKiYpCEU-5IXbXJ1R3M0XPVza8csFz-azlMjAbHG9q2UFi1qnCG-0X3J9qB5w7kh4rn1CBgxg18liLPGmH5yCTWwE1pyasYgLSd4QseVn2Iy4joYYl9D_pIcXQSZJ/s320/cable+outlook2.png)
Below: One log scale the other arithmetic: The location of the reaction lines changes.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSO9BTpI3h-_7FZ8LxEdIYnHQt6Wzr9Mjwgqk1viWWtYwwb9UuOpnyq8u8kV8HI-QZkbV44EfAAF-b-4Xc7TSbWf5sievcdSJl_3N_THIDHu2LLXjVIq-O7PBcw2G43g6ZO0YxzdRMFAfc/s320/cable+outlook5.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwMr7iAzzf38QyNXjCkk7Lxj5bl3xwJD8ui693syDW7HTOzOZ0-k3m-i4-KnET-7-hyMQxlY_AEY9L9Rj6M0g-L2kwhqpcKdNnhN3d5QgQbiQVjQJujVNOavXhhG5l5A8-w7H-vB9lEWQC/s320/cable+outlook3.png)
Below the MT automatic reaction/median line tool draws the lines after you choose the pivots and variables
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIhRec__1_Gu15l1UmchbJ2JoBhfvt4MQn7j7pIxyZf23hf9pGR9ESyw6CCj4jCXH9VNrRM2bogNP_FNyvDymdzkOZ3-opNG7QY2XXc5P6HOHfxwoUVuuFvt2lmp2em3zTrQQyRRUoWNKw/s400/cable+jan+6+1.gif)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcL3a8YFXJNI6bk7WNL0JCSG98sKCx8FF24oNUelm8iFgGpjezOjLKgd7QvSc15JRl7oaq-IdtQ6qGIRpdMMJfOmjCrPzQR90ATuq5kFmgGHEcXVual0r7OlhA6ZZQc3YvU60YxmW5U6Rn/s400/cable+jan+6.gif)
These charts scream out to me (technically speaking!) weakness and its not just the fork shown and labelled in the Esignal chart as i am well aware that in a sideways market ( and that is what recent price action shows in the high time frames) it is not reliable to use the fork/centre line failure to determine future price strength or weakness. It is not unusual to see CL failures for up and down sloping forks in a osscilating market The fundamentals tell me that the UK is extremely vulnerable as is sterling that remains over valued and I expect to see 1.50 tested in the next months then lower. The short term daily stochastics point down like a trap about to snap shut but we may well come up for another small wave cycle where opportunities may present themselves for a short position.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCfdx7-eWK9-uIG91poFoWw0_1PWSX9qFVbEtH1Nfd_w-7aEctzvc8wEVGo6jWKXkW6F0kheFIEXBTPZAifURUWMunzCSx9JtaZnRHi21FtQLqcQHpoPnRF0zHv91wW8K9y5t-Rc-Gl0Od/s400/Ensign.png)
No comments:
Post a Comment