Because that is not the end of the cycle up (wave A.), even though it is higher. The end (where I started the triangle resistance line) got truncated. Happens sometimes.

Cable Update (GBPUSD)

Forgive me for marking up your chart Squawk, but this is how I see it... Wave E of B can go all the way to the high of wave C of B which is 1.6737 image

Cable Update (GBPUSD)

That all depends how the trend line is drawn. From my perspective, it hasn't even been tested as resistance yet. image

Cable Update (GBPUSD)

Yep. I was a bit late to the party but I got in long at 1.6245. Took half off at 1.6275 and leaving the rest at zero risk (SL@BE). image

Cable Update (GBPUSD)

I think we will see 6100 before continuation. When we see it depends on taper or not. Then, 1.6565 will be my upside target. However, I will not rule out 1.55/1.57 area as a downside extension. It all depends on size of taper (if we get one).

Cable Update (GBPUSD)

and eliminated by the looks of it.

Cable Update (GBPUSD)

image

The Club!

Icahn: Herbalife is undervalued, has capital to spare; shares spike 10% url Bill Ackman must be shitting bricks. image

EurAnalysis

Nice write up. Given enough time and a good reason for doing so, I could probably come up with scores of historical comparisons which show that the Eurozone is heading in the opposite direction of growth stimulating policies. However, the fact ...

EurAnalysis

Is the club on holidays? image

The Club!

I got out at 3793 on O/B signal. Tempted to load again but it's late in the trading day. I'll try again tomorrow. Closed my day with a whopping +43, +35 & +28 on E/U and +10 handles on SP500 for a total of +116 pips. No losses to subtract today. ...

EurAnalysis

The Week Ahead And Beyond - Marc Chandler url

EurAnalysis

By the way Silat... Nothing wrong with a few intraday trades to keep the bread and butter on the table image

EurAnalysis

Excellent. Keep it up mate. I power walk a steep hill every day. 3 miles (5km) round trip. It keeps the mind sharp also.

EurAnalysis

Excellent point Silat. I do intend on riding that E/A wave and I am waiting for a nice entry against solid support, because it is an expensive swap to carry. If it leaves without me, so be it.

EurAnalysis

Today's EZ PMI report in detail. image

EurAnalysis

Interesting. Similar thoughts here... E/U Daily Chart For the upside, my final target is the 161.8% fibo extension of the A wave (1.3859) However 141% extension (1.3800) has held price so far so we may already have a top even though it may also be ...

EurAnalysis

As long as Nikkei 15978 is not breached, the outlook is bearish. For now, it's in a triangle. Nikkei 225 H4 image

The Club!

Hi thodie. Welcome aboard. Look forward to seeing some posts from you. Thanks for the "Pig bond" link. Nice and organized all in one place.

EurAnalysis