For me this is a wait and see situation... Looking at the daily chart it is difficult to tell if the bulls or bears are going to take the ball and run with it.

Cable Update (GBPUSD)

What rattled your cage..I didn't say anything about trading.

Cable Update (GBPUSD)

Does anybody actually care about the UK elections?

Cable Update (GBPUSD)

Hats off to you Doc. Actually I read your post wrong thinking you said a break of the tripple top instead of the TRIGGER.

Cable Update (GBPUSD)

Target 2858...Hit

Cable Update (GBPUSD)

From the daily chart it looks like 2858 is on the table.

Cable Update (GBPUSD)

On the daily chart...Not much of a change here except we see a slight acceleration of the ascending channel. Average is still continuing to climb.

Cable Update (GBPUSD)

1 hour chart...Well I awake this morning to find the bulls have halted the progress of the bears. The bears once again found support yesterday but failed to make the average low Now we have a very close situation with the bulls finding support ready ...

Cable Update (GBPUSD)

MMM What happened to your 50 EMA, you said your trade would be nullified.

Cable Update (GBPUSD)

This should come down to 2945

Cable Update (GBPUSD)

Now when the price has hit that average look at the lower time frame i.e. 1min and you will see it was oversold...

Cable Update (GBPUSD)

No not at all. I only use one EMA the 26 because this represents the waterline of the RSI and the MACD so it is very important due to the fact a lot of traders are using these indicators. Ignore the price for the moment and you will see the EMA is ...

Cable Update (GBPUSD)

OK

Cable Update (GBPUSD)

It is pointless comparing price with an EMA....Price should be compared to price and Ema's should be compared to EMA's

Cable Update (GBPUSD)

Following on from yesterday on the 1 hour the bears did indeed find support and struggled all day long to hang on to it, still the bears did manage to trade below the average all day also rolling the average over to the downside. The question today ...

Cable Update (GBPUSD)

1 hour,,,Well what a great day yesterday was with not one but two very nice pull backs before price went all the way to the 3039 resistance but again did not break it. Today we see the bears trying to find support and the averages are failing to ...

Cable Update (GBPUSD)

On the 1 hour...The GBP is still trading above its average and has now managed to find support at 1.299 which should allow it to take out the resistance at 1.3039. The next resistance is at 1.3210

Cable Update (GBPUSD)

We can take a horse to water but we can't make it drink. Nothing here says short...

Cable Update (GBPUSD)

Better if I show a trade on the EJ 5 minute 1) These bars are stopping the trend and rolling over the EMA. 2) The EMA is now moving southwards. 3) The bears have found support ( later bullish resistance) 4) Is my target distance for reward (risk is ...

Cable Update (GBPUSD)

Actually this chart serves to show you where I find the supports and resistances based on the cross of the EMA and failure to get back. So support later becomes resistance.

Cable Update (GBPUSD)