Cable Runs Nicely...

Very nice trade on GBP/USD(aka cable). Entry @ 1.4032 above 4-hr horizontal S/R and 23.6 fib retracement taken from the 60-min chart. Cable had been trending up nicely since the New Zealand open. The run up was helped by buy triggers the big boys had in place.

From ForexLive.com:
Sources report good “Russian” interest for cable this morning and particularly strong buying interest from one particular UK corporate. Technical resistance is now seen lying up at 1.4170/75.

I closed out this trade at 1.4102 for +70. Trading three full lots equates to $2100. Not a bad haul for just shy of two hours work. Not all sessions are this quick and easy. The pendulum swings both ways.

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