The monthly timeframe show a trendline resistance which can create a retracement to downside. I think a retracement down till 1.2650 is possible. image image

Cable Update (GBPUSD)

For me the next long trade in GBPUSD would be at around 1.2450 that is the 50% fibo level and the takeprofit would be already 50 pips above at 1.2500. image

Cable Update (GBPUSD)

I think in AUDUSD actually a small short trade can bring abouth 20 Pips, if the daily candel close below the trendline. A fibolevel is 20 pips below, which i think could be touch. image image

AUD/USD

We have a good price zone for long trades now, see picture below. Price hit also weekly pivot point at 1.2515. Target for the long trade could be last week high or 1.2581 a last fibolevel. image

Cable Update (GBPUSD)

I think a retracement till 1.2515 is good possible for next week, today some resistance levels from weekly and daily timeframe have been reach. The weekly timeframe show a trendline resistance and the daily timeframe show the 200 sma touch and a ...

Cable Update (GBPUSD)

Congratulations to everyone who did hold long trades in GBPUSD. I have here a possible re entry example for long trades in the picture below. At 1.2350 would be good zone. image

Cable Update (GBPUSD)

If the broken trendline from my chart picture hold, then i would expext a retest of last resistance at 1.2411

Cable Update (GBPUSD)

For me the Pound looks bearish this week, every retracement to upside could be good for a short trade

Cable Update (GBPUSD)