shorts are still possible but very risky.. good that you put stop loss at break even. It is always a good technique if people are unsure about their trades. At this level this pair is a little bit mess for my strategy.

Cable Update (GBPUSD)

I still favour shorts but a retrace to 1.1260 is possible. But I am not taking any long position. I will wait for a better short signal.

USD/CHF

there is not a single overbought level or any bearish entry. So I agree with you. My target was also 1.50 and this should be achieved before dollar gets strength. The pair will want to make a new record high before falling down dramatically.

EURUSD

thanx for paying attention to my post. That fall was pretty obvious. we saw lower 109.00 area. So far I got out of my short at 109.50 region. It is extremely oversold, I am guessing for a retrace towards 110.50 but I am not taking any long position ...

USD/JPY Discussion

I have some interesting setups at my site below which I hope people pay attention. there is no bullish signal whatsoever and shorts seem to be in play further more. However we have hit some interesting support levels. after 22 months of a strong ...

Cable Update (GBPUSD)

long on this pair at this moment. The uptrend seems to be intact and no sign of downtrend whatsoever.

EURUSD

1.1360 1.1430 1.1560 would be as far as this pair goes in my opinion too.. 1.1000 is my target within this month. however 1.1600 region is the begining of the long term uptrend.

USD/CHF

1.1000 is my long term target..

USD/CHF

I am not sure of a downtrend. I believe the pair will hit record highs by this month. 1.50 area is possible before the dollar starts to gain strength again. However this is not the best area to go long. Will need a close above the weekly pivot ...

EURUSD

I am positive that the pair will go down fast... we might see mid 112s perhaps but in the long term 109 and even further down is a big possibility. I am not expecting a major bull run for now... Bears will hunt down this pair.

USD/JPY Discussion

i agree for the upside action like you are... 1.1660 is my target for now. Too bad I did not enter earlier due to not trading forex...

Usd/Chf