the gbp/aud hit the pink 300 sma.

Cable Update (GBPUSD)

the aud/usd broke the brown 55 sma and is testing the top of her recent range. It will pull back and re-test that that 55 sma soon.

Cable Update (GBPUSD)

Market sentiment is "risk on" for now. i bought the aud/jpy, aud/usd and sold the eur/aud eur/nzd and gbp/aud for some quick profits. gbp/usd is testing my first target at 1.5800

Cable Update (GBPUSD)

Asian squeeze — the Asian squeeze has begun.

Cable Update (GBPUSD)

Nice analysis

Cable Update (GBPUSD)

The 15 min chart is showing a crossover up of the yellow 5 sma (close price) and the orange-red 5 sma (open price). The usual Asian Session squeeze is a fairly reliable pattern. 1.5800/1.5830 would be my guess for a scalp up.

Cable Update (GBPUSD)

i agree

Cable Update (GBPUSD)

You are correct.

Cable Update (GBPUSD)

Well said.

Cable Update (GBPUSD)

China has weakened to a sustainable level of GDP growth. They are buying everything.

Cable Update (GBPUSD)

4 hour chart zigzag indicator is showing wave 5 down.

Cable Update (GBPUSD)

Daily chart shows a lower low from yesterday's candle. It also shows the double bottom formation has broken with a lower low.

Cable Update (GBPUSD)

The weekly chart shows that the gbp/usd has broken support provided by the aqua colored 100 sma. Lots of downside to this pair. Why do newbies wanna pick bottoms?

Cable Update (GBPUSD)

I booked profits on short gbp/cad and will wait for the next retrace up to the yellow 5 sma on this 4 hour chart. Discipline Patience Money Management

Cable Update (GBPUSD)

Understand the Bigger Picture of Forex. China, India, Brazil, etc have the strongest economies for now. The world's largest Forex reserves reside in Asia, and that is where the strength is. The timing of your trades is crucial. What leverage are you ...

Cable Update (GBPUSD)

i zoomed out on the daily to show the double bottom formation.

Cable Update (GBPUSD)

monthly chart — here is a zoomed in monthly chart

Cable Update (GBPUSD)

Monthly Chart — The monthly chart for gbp/usd is reflecting the current Risk Aversion Market Sentiment driving the price through short term support levels. We see the yellow 5 sma (close price) has crossed over the orange/red 5 sma open (open ...

Cable Update (GBPUSD)

Well said, Petar....

EUR/JPY Anytime!

Cryptic, indeed Bro...

Gann Analysis