Looking at the 4 hour chart, I would say around 1.5762 or so, as a good tp level for a short scalp.

Cable Update (GBPUSD)

I am neither Bull nor Bear on the gbp/usd. Holding a personal bias will affect what you see on the charts. You will look for signs to justify your bias, and see only what you want to see. I short this pair at times and buy this pair at times. Let ...

Cable Update (GBPUSD)

Thanx, Nav. The market is now pulling back to re-test broken res turned support, short term, which makes for a good scalp short if you can get in and out quickly. I am looking to build some long positions at the re-tested support areas looking ahead ...

Cable Update (GBPUSD)

yeah....

Cable Update (GBPUSD)

On the 5 min chart you can see that selling interest is beginning to appear right around the 1.5802 price. The bulls need to absorb these offers, before proceeding further, thus short term consolidation is taking place. Bulls need to re-load their ...

Cable Update (GBPUSD)

We have a breakout to the upside today, as shown by the bullish daily candle. Price has finally broken above the cluster sma resistance. Touching the yellow 50 fib. The market sentiment is quite bullish today, and if you trade against it today, you ...

Cable Update (GBPUSD)

The weekly chart shows the series of higher lows the previous 12 candles, since the rejection at the white 23 fib. The red 200 sma is still capping the upside for now. The midway point of the May monthly bearish engulfing candle is around 1.5802. As ...

Cable Update (GBPUSD)

The Monthly chart showing the inverted flag formation (wedge) shows the range is tightening into a coiled spring for a break out. I am looking at September for the actual break out to occur. There is cluster sma resistance sitting above the current ...

Cable Update (GBPUSD)

The daily charts shows a bullish engulfing candle, breaking the aqua colored 23 fib of the last downtrend from 1.6183 to 1.4709. Tuesday, she broke above the green 22 sma, re-tested and held the next 2 days, then soared up today (Friday), halfway to ...

GBP/AUD - Daily Trading

Weekly chart for gbp/aud shows a reversal candle formation (Morning Star). I booked all my shorts from the end of February yesterday. I am now building small tester positons cautiously at this point, as the price has retraced into a possible ...

GBP/AUD - Daily Trading

Triple sma resistance ahead for gbp/usd on the daily. That would be the short term upside targets.4 hour chart shows bull strength so far. We will see where the sell orders are sitting later.

Cable Update (GBPUSD)

Weekly chart shows strong resistance above. Red 200 sma has capped the price this week.

Cable Update (GBPUSD)

The monthly chart shows merely a 5 sma retrace with cluster sma resistance sitting above. Lots selling pressure up there.

Cable Update (GBPUSD)

Market needs Risk Appetite in order to go up on this pair.

Cable Update (GBPUSD)

1.5776 area will form a double top there. I would expect rejection there on the first attempt.

Cable Update (GBPUSD)

It might be September before we see a break out in this pair....

Cable Update (GBPUSD)

Looking at the daily chart for gbp/usd, we see a consolidation pattern since the cap at 1.5776 price level. She has been making a series of higher lows during this consolidation period, which is a bullish signal for the short term on Risk Appetite ...

Cable Update (GBPUSD)

I agree. August is typically a rangy bearish month for aud/usd. Any move down is welcomed for long term position traders who buy and hold this pair for swap interest. I also love the aud/chf which pays over 15 usd per day swap interest (IBFX) on a ...

AUD/USD

Thanx, bro. Enjoying my retirement here.

Cable Update (GBPUSD)

The 4 hour chart show a higher low, as denoted by the white trend line. This is a bullish confirmation short term. Price broke above the previous swing high @ 1.5736, which is another confirmation, but failed to hold on profit taking and option ...

Cable Update (GBPUSD)