Though I will not disagree with the weekly trend, the shorter time frames are starting to show a little recovery to the long side. As we have gained support on the H4, 24SMA, we have 2 topside resistance to contend with if continued uptrend. 55EMA ...

Cable Update (GBPUSD)

Still in recovery from a Turkey binge, happily relaxing and enjoying the season. All the best in your life and trading for the New Year as well G!

Cable Update (GBPUSD)

Still no breach and hold over the 1440EMA (circled in red)on the 5m...Price failed to reach 500SMA on 15m, and with a little downwards momo, targeted range still seems reasonable (green shaded area). Even with the retrace on the retrace, I still see ...

Cable Update (GBPUSD)

On the idea of Resistance to support trading, and for the balance of the day, what I see is selling every spike above 1.5965 to that support range, and buying every dip below. That is until we see the 200EMA on the hourly, but again, speculation ...

Cable Update (GBPUSD)

Support to resistance is the absolute essence of trading. If you can learn what they mean, and how to play them, they can make you the master of the time frames that you choose. I prefer to watch all the lowers and keep the greater in mind, but if ...

Cable Update (GBPUSD)

If one was to speculate the play, I would suppose that playing off of the 1440EMA from the 5m at current to support line would probably pay off..... Just a guess mind you, but a reasonable guess to be sure.

Cable Update (GBPUSD)

Still having a tuff time closing above the 200EMA on the 30 and the 500SMA on the 15.... Support on the hourly held for the last dip, but positive strength seems to be weakening. Still wouldn't say we bearish yet, but any bull positions should be ...

Cable Update (GBPUSD)

IF we were under normal trading, I would go with normal trading rules...so looking at the H4 chart, I see that support has slipped under current trading range...Green line H4 chart. BUT... I also see we have some resistance to crush through on the ...

Cable Update (GBPUSD)

All perspective... Married until divorce goes a long with a saying that was introduced to me at my birth in the forex market... "Something is right, until not right anymore". Best of the holidays to ya Red, look forward to chatting with you in the ...

Cable Update (GBPUSD)

Valid Points Red.... All respect. HOWEVER.... Not always successfully, by some recognition of the trends, retraces and reversals, there is profit to be made off of them shorter time frames, if the 15m is supported by the 5m and so on, with trend and ...

Cable Update (GBPUSD)

Stick to doing what you are doing, don't get involved with the naysayers. You will learn more posting and continued charting then will ever by reading what people say when they aren't in agreement. The truth is, really nobody can 100% accurately ...

Cable Update (GBPUSD)

A true Christmas Miracle.... Or a bomb... U pick.

Cable Update (GBPUSD)

Meh.... Nothing ventured, nothing gained.... Best o luck on the rest of the day traders!

Cable Update (GBPUSD)

Okay, I fess... I wasn't gunna trade, but I am all about buying cheap... Loaded long @ 1.5962...s/l - 1.5950... This be my last play of the year... No really, I promise.....

Cable Update (GBPUSD)

When in doubt, sit it out! I have taken the rest of the year off trading, but still like to look threw the charts. Best of the season.

Cable Update (GBPUSD)

Possible topside target of 1.6130 ish...breach and hold of 1.6040 key...

Cable Update (GBPUSD)

Support on the 30m chart (top right), Major Resistance on the 5m 200EMA (bottom right), a break and hold of the 200EMA on the 5m, gives possible next resistance area 1hr 24SMA (top left). Failure of 30m support area, shows next possible support on ...

Cable Update (GBPUSD)

24SMA now to act as support on the 30m chart.

Cable Update (GBPUSD)