If Euro is not desperately trying to make a double top than i don't know what it's doing now

Cable Update (GBPUSD)

This is plain boring, the bears can't gain momentum, market is in a state of indicision, but the longer it can't break higher, the higher is a probability of a move lower

Cable Update (GBPUSD)

Gold is showing a possible head and shoulders which is indicative of a topping out formation, 600 or just above I'd say 612 is highly likely

Cable Update (GBPUSD)

It's nice to hear someones view that actually lives there, here is what I think: The market will overreact and reach 2.11, maybe, highly unlikely 2.35 that's the cap. If you see signs already that there are a lot of houses and they are not selling, ...

Cable Update (GBPUSD)

The current wave structure and price action do not indicate a top has been formed for a sustained correction

Cable Update (GBPUSD)

Yes we will possibly see a correction, but not that drastic, at least not yet, too early, current top is not yet confirmed

Cable Update (GBPUSD)

Retail sales number came out a little worse than expected, but the reaction is very minor so far, if 550 holds for today, we might see a correction, most likely a mild one...

Cable Update (GBPUSD)

Cad looks like the front runner I agree, looks very much like a reversal for now, only time will tell

Cable Update (GBPUSD)

posible diamond formation on cable — There is a possible diamond formation on cable with the up diagonal, if it is in fact the case we could see the other side rather quickly. Not saying that it is confirmed yet, just food for thought. Also ...

Cable Update (GBPUSD)

6-3 vote was expected, that's why the selloff, now we need to see what Bernanke will say this morning... Immediate support on the cable is at 420 as well as S1 support, need to break below for a sign of a sustained correction further

Cable Update (GBPUSD)

Originally Posted by gene22 image would not rule out a spike higher to take the shorters out Simply means to take out stops on the shorts before reversing the market, that's how the big boys hunt stops and make money

Cable Update (GBPUSD)

Looks very much like the dealers brought the market lower to a more manageable levels before the news release, should be interesting to see what happens, I expect a whiplash

Cable Update (GBPUSD)

Euro — Euro is breaking 3790, if manages to get under there and get below 3750, would confirm a short term top is in place, would not rule out a spike higher to take the shorters out

Cable Update (GBPUSD)

2nd post — No Dimmi, just this one, usually don't watch the market this closely, but I think we are at a very significant levels here, trying to take some long term 1-2 years positions, so got bored, decided to post, good luck

Cable Update (GBPUSD)

Big Boys — There were some options on cable around 550 area, it did get defended for now, the charts are not supporting my view of a correction, but judjing by the price action it should come soon, the pound will run out of steam and crash ...

Cable Update (GBPUSD)

bulls and bears — I've exited my long at 2.0500 and staying on the sidelines for now, keep in mind there is one thing that this market had taught me over many years, what comes up must come down, id 2.0550 is taking out desicively we will see ...

Cable Update (GBPUSD)