Price action...the simple fight between bears and bulls.

Cable Update (GBPUSD)

I see no reason why EU should go more down...its going up since 2011? The only spikes down were FED announcing tapering, ECB announcing lower rates...after that the uptrend resumed. I don't see any reason why it shouldn't go above 1.40 or even 1.50. ...

Cable Update (GBPUSD)

I love charts...but I prefer to trade off PA, to be honest. Charts mislead sometimes, PA misleads sometimes, but PA is still more reliable...at least intraday.

Cable Update (GBPUSD)

I'm looking at H4, 80 must hold...or even better 84. image

Cable Update (GBPUSD)

Why did it change? You think 1.6665 is coming first?

Cable Update (GBPUSD)

I like your upper x, if we get there this week, 30-60 minutes before some major GBP news, tomorrow or wednesday, I will short the hell out of it.

Cable Update (GBPUSD)

Well, if you were a bear with a big account...where would you short it? 5 pips away from a bottom after a 90 pip drop? No. If you were a bear with enough volume, you would spike the price back up to short it from there. If EUR doesn't retrace from ...

Cable Update (GBPUSD)

Definitely not today...volume is slowing down. Anyway, if you don't leverage 1:100 and more, your trade is safe, I think. Definitely needs to go up to 3630, if it wants to go lower. Almost 100 pips on a no-news day is more than enough...now its time ...

Cable Update (GBPUSD)

Looks like both eur and cable have one more move down. For me its important that cable doesn't break friday's low, if it stays above 80, should be a safe long, at least a scalp. You were right about euro going down towards the 80s, though. ...

Cable Update (GBPUSD)

If it hits my scalp number 1.6817, I may get out...depends how today goes on. And then I will re-enter before tomorrow's news.

Cable Update (GBPUSD)

I would go long eur at this point, but I'm already long cable, I don't want to overtrade, had to pick something, cable seems to be more bullish to me right now. Just waiting for eur bears to get tired. I still want to see 1.6860 before more down.

Cable Update (GBPUSD)

It may have been the bottom for the week and month. Or close to it.

EURUSD

People start calling lower numbers for eur in the other thread, so the upmove should be now confirmed.

Cable Update (GBPUSD)

It would be too easy...everybody would start longing at 3580...market is not that kind...it mostly makes people believe its going there before turning just a few pips away from it. I think this is the bottom.

Cable Update (GBPUSD)

image Will the rope break?

Cable Update (GBPUSD)

I don't want to be brave on gbp, got burned many times before.

Cable Update (GBPUSD)

1.6817 is a minimum target for a long scalp...then lets see where the H4 close during US session. Its close to the channel...if it breaks above and closes there, I wouldn't want to have shorts open.

Cable Update (GBPUSD)

I think we are seeing eur's bottom for the week, or close to it. I don't want to be bear on either eur and gbp from now on.

Cable Update (GBPUSD)

Got out of all shorts at 6796, I'm long now. This is a raging bull...I'm not going to fight it. I can see a double top happening this week, if tomorrow's GBP news aren't really bad.

Cable Update (GBPUSD)

Gbpusd is topping...I give it a few more hours before a drop. The question is how deep...its bank holiday, so EU session might be slow.

Cable Update (GBPUSD)