I think the monthly candle can still end up quite bullish. After we drop to 1.2860, by Wednesday or Thursday we should take off higher for hundreds of pips (with me on board...)

Cable Update (GBPUSD)

Double top neckline at 1.3064. If it breaks, the projected implied target is 1,2860. Same number we talked about yesterday.

Cable Update (GBPUSD)

Thanks Bones. I will open an account. I love options. I traded index options for 15 years before I got into forex. Trading is a lot less stressful using options.

Cable Update (GBPUSD)

What broker do you use ? Mine does not offer forex options. If you prefer, please PM me. Thanks.

Cable Update (GBPUSD)

Short 1.3195. Open TP.

Cable Update (GBPUSD)

I am very impressed by your calls and those of Georginson. Great work.

Cable Update (GBPUSD)

For GU, 1.2880 also offers a retest (arrow)of the weekly 200 SMA (blue), which is extremely likely after a 7 year break.

Cable Update (GBPUSD)

In EU, the 1.1650-1.1660 area, also retests the broken 13 year old trendline (arrow) which is extremely likely to be tested before going up. Also the weekly pin bar forming points in the same direction.

Cable Update (GBPUSD)

My final lows for GU and EU before moving much higher are GU: 1.2880 and EU: 1.1660. Both are 38,2 Fib retracements of the last leg up. It should take a couple of weeks to complete both. These would be excellent Buy levels.

Cable Update (GBPUSD)

Reversal imminent in the next few hours... Going back to 1,3000 in my view.

Cable Update (GBPUSD)

What we may be in for is a repeat of the price action of 9/2/2019 to 12/2/2019. If we consolidate sideways above the neckline like we did then, it could later work its way higher without a deep retracement. Next week we should know if this is a ...

Cable Update (GBPUSD)

I have it at 1.2850 but I am doubting this figure because if it breaks the neckline of the double top, the minimum target is 1.27+. I am beginning to consider the possibility of a bounce on the neckline and higher from there.

Cable Update (GBPUSD)

You called it correctly. What is your final low before it turns higher?

Cable Update (GBPUSD)

I have the retracement low at 1.2835.

Cable Update (GBPUSD)

I would say it is a mature rally. 936 pips in 5 weeks. At minimum, I would expect a 300 pips correction (profit taking) soon.

Cable Update (GBPUSD)

Yes. I thought the same thing, so I looked back. It has happened only twice before today since 2012. One 10 day streak and one 11. It could do it today again or it may finish red.

Cable Update (GBPUSD)

Yes. My entry level is 1.1345.

EURUSD only

I agree with you. In fact, I see EU going to 1,20 in the next few months. I am saying, there may be a small correction to 1,1330 to 1,1350 before taking off higher. We will see.

EURUSD only

Watch Out. I read everywhere that EU is going higher... While that may be the case, There are signposts that may give a different story. In the H4 chart below, the Stochastics Stack and the Awesome Oscillator (Yellow Box) are still signaling down. ...

EURUSD only

Did you mean support at 1.1368 or as you wrote 1.13068. Thanks.

EURUSD only