The 4 hour chart shows a bullish engulfing candle 5 candles back. The close of that candle is acting as support for now.

Cable Update (GBPUSD)

The daily chart shows a break of cluster sma resistance and is now re-testing that resistance-turned support area. The 61 fib is providing res above on first attempt.

Cable Update (GBPUSD)

Cable is running into some resistance at the 100 sma @ 1.5910 area. Still holding my long from 1.5768 at this point until friday, when Spain is expected to ask for money.

Cable Update (GBPUSD)

Hourly chart shows retrace coming....

Cable Update (GBPUSD)

5 min chart shows momentum waning. Time for the usual 4 hour chart retrace to support.

Cable Update (GBPUSD)

Weekly chart aqua colored 100 sma is the upside target at 1.5910.

Cable Update (GBPUSD)

My buy orders kicked in on yesterday's pull back. Booked 3 positions for partial profits. letting this current position run with profits locked in. no risk. Price is touching sma resistance now.

Cable Update (GBPUSD)

you made me laugh, Nav

Cable Update (GBPUSD)

U.S. session lost upside momentum after european close. Dow reversed to negative and Market Sentiment turned negative. My downside tp for short scalps was hit around 1.5772, and held so far.

Cable Update (GBPUSD)

There is lots of time between now and the end of the year. Lots of moves up and down will likely occur during that time span. It is the nature of things. You open yourself to criticism when you you post absolutes and set dates.

Cable Update (GBPUSD)

Well said.

Cable Update (GBPUSD)

Well said, Red....

Cable Update (GBPUSD)

My Forex mentor once told me something I never forgot. You can be right in forex and still lose your ass.

Cable Update (GBPUSD)

It is August. Seasonal pattern. Hopium is in control for now until it is not.

Cable Update (GBPUSD)

well said... Stop hunting is a part of Forex...The big boys can be brutal.

Cable Update (GBPUSD)

Well said... There are both Bulls and Bears in every pair. Both can profit if timing and value are correct.

Cable Update (GBPUSD)

1.5802 was tested and price was rejected on first attempt. Frankfurt and London traders are leaving the market, which is a fairly consistent daily pattern. This means a loss of momentum traders who had previously pushed up the price on gbp/usd. If ...

Cable Update (GBPUSD)

Then what value is any of your posts, if not analyzing charts?

Cable Update (GBPUSD)

So, post a chart and analyse it for us.

Cable Update (GBPUSD)

There is divergence between long term and short term. You know this. Let it rest Faller. Post your charts and analyze for us.

Cable Update (GBPUSD)