Yes 5650 created a 230 pip bounce back on the 20th. Bears need a solid close below this level preferably on a 4hr candle. Keeping an eye on the volume also watching for any spikes.

Cable Update (GBPUSD)

Spike to the weekly pivot but stopped... need to see a close above this level. Made a daily high by 1pip but have bouced down again. A close above 3968 is critical for any sustained move up IMHO. A close below 3873 is needed to open some room for ...

EURUSD

This hourly candle could just be re-testing the 50% fib level at 1.3927 which was broken upwards on the last hour candle. A close above this level could give another bounce back up. No further major news today but it is a POMO day so the upside ...

EURUSD

Be careful on longs until we get an hour candle closing above at least the 3968 level. Of course then right above that we have another resistance at 3991. That last 1hr candle looked ok but still closed right on the daily pivot at 3947. 3947 to 3991 ...

EURUSD

Daily pivot close above it on 15m bar but no close yet on 30min bar. See where it close in the next few...

EURUSD

Thus far today the weekly pivot at 3968 has kept the first upmove today contained... right now we are back heading towards the weekly pivot with a 15min candle closing back above the daily pivot... this also puts us back above the 50% fib of the ...

EURUSD

Looks like the last 30 min candle up stopped at the 50% fib of the last swing H/L from 1.4157 to 1.3697.

EURUSD

Yes and the weekly pivot at 1.3968 and the weekly R1 at 1.3991 kept today's upmove contained. After that we have the 61.8% fib of 2009 H/L (yes I know it's last year but I have a 2009 fib on my daily charts)... Price touched and closed down from ...

EURUSD

Yes thanks for the reply... I realized after he was looking at 1h and I was on 15m...

vsa with Malcolm

What setings do you have on the volume indictaor? I am using MT4 better volume but my chart does not look like that.

vsa with Malcolm

Cable is lagging Fibre on it's bouce back up... Fibre is sitting at 61.8% fib of the latest H/L swing while cable is only at 50%... What's going on here? Cable normally moves much more than Fibre... Is the forecoming QE for the GBP holding it back ...

Cable Update (GBPUSD)

Was away from watching the charts today... Wow. 1.4 to 1.37 yesterday and now back up to just under 1.4... Fibre is becoming the new cable and even challenging the dragon for daily range moves...

EURUSD

Down leg to where? Test 1.3700?

EURUSD

Daily S2 is at 3759 on my chart but after that it is 3688 daily S3.

EURUSD

Another 15min candle stopped at the weekly S1 ATM.

EURUSD

Looks like a close back above 1.5742 support DS2 is required before moving on to test the WS1 at 1.5794. 5742 stoped this last 1hr candle on it's move up.

Cable Update (GBPUSD)

Agreed. What would invalidate the dragonfly? Are you trading the pullback or just the down move?

Cable Update (GBPUSD)

I guess the pullback isn't ready to happen yet. Bears have taken back the most recent 1hr chandle after a slight move up.

Cable Update (GBPUSD)

Back up to test the Weekly Support at 1.5794 to see if it holds now as resistance?

Cable Update (GBPUSD)

Waiting to see if we will have a close below 1.38... Weekly support 1 and Daily support 2 sitting below and 1.3780 and 1.3760...

EURUSD