Kinda looks like a bullish flag to me remains valid till the short term support of 12875-80 holds. PS the dxy doesnt effect the cable that much just a rule of thumb i have that never short the cable if eurgbp is in a downtrend and vice versa.

Cable Update (GBPUSD)

long from 1.2910 hope to see 1.2960-75 today. atleast the gbp is rising against the eur for the moment and dxy seems to be sitting on resistance.

Cable Update (GBPUSD)

one of the most luckiest W's i have had but i was looking to buy the cable on a pullback due to yesterday dollar weakness but then we got bad cpi from the gbp so held off. 1.2830 bounce was from a key level from where the whole bullish move started ...

Cable Update (GBPUSD)

@HaLBot Sorry the W was on the m5. This is my current outlook for gbpusd. This downward channel is still intact unless the candle closes above 25ish. As for the intraday targets if i think its going to make a higher high/lower low then i look for ...

Cable Update (GBPUSD)

i bought it at 1.2888 after seeing a W pattern forming on the m15. tp @ 1.2935 and 1.2950 any idea how it managed to push 80 pips in such a small time ?

Cable Update (GBPUSD)

dint your SL get hit @ 95 as i initially meant you might get whipsawed due to tight SL before any direction got established.

EURUSD only

200 ma is usually too slow

EURUSD only

you might get breakout/fakeout trapped which usually happens fakeouts to the upside then fakeouts to the downside and then the real move

EURUSD only

i would be really surprised if this goes below 1.1480-70 area. market makers wont let the sellers out of the trap this easily.

EURUSD only

this is a ranging market for now so you can set some stop above a daily close of 1.1570 personally speaking this wont be an uptrend till we break 1.18.

EURUSD only

more like a best case scenario strong up moves with solid fundamentals behind them (not just spikes) come down very rarely usually make a bullish flag and continue higher. although some positive NFP data can push this thing lower

EURUSD only

feel bad to tp at 1.1470 thank god dint go short @ 1.1480. according to my analysis i am seeing dxy at 94 level in the coming weeks.

EURUSD only

the daily hasnt printed a single bearish bar since the rise from 1.13 this wave can end up anywhere and if the short term usd bearish sentiment is solidified this can easily head to 1.16+. Since the failure of weekly close below 1.13 in nov 2018 we ...

EURUSD only

thinking of going short on 1.1480 it looks dangerous took profits of buy on 1.1470

EURUSD only

the up move was so weak it was like begging for people to go short

EURUSD only

a dip below 1.1425 and backup was the que of going long too bad i was sleeping

EURUSD only

1.1390 + 60 ATR should roughly give you that target

EURUSD only

by then the market might be heading south entirely because this move should hold strongly for the bulls to have control. i can see 1.1370 as a valid area but 1.1344 is way too low and too good to be true

EURUSD only

so you want it to enter its bearish side ways h4 channel again and tests its bottom area after such a strong move ? The market is rarely that generous

EURUSD only

a strong bullish move from friday after trapping the sellers due to the thursday move .with proper close a bounce off dailys major support then london open we had a pullback which is usually a false move for the seller trap if the trend is up ...

EURUSD only