I'm showing why I think Cable - GBPUSD is bullish. There are opportunities for the north on 1D, 6H and 4H time frames. There are opportunities for a shorting on the 1H time frame and lower. It all depends on the size of an acceptable loss.
Pound strengthening, breaking the 0.382% retrace. An hour left in the monthly candle but it's finishing strong which usually indicates a continuation into the next month. Target 0.500%.
(...just in time for booking a driving and safari holiday!)
In this screencast, I show how shorting on a 2H time frame is optimal for me to take a controlled loss. I explain where I see the big trends and some smaller trends.
Note that this is not a prediction, or recommendation to short. I use a very different methodology which is not 'just on the charts', though at times in simplifying things it may appear like a...
Many have been watching NSDUSD. In this analysis I spot and evaluate where the bearish pressure is coming from. There are opportunities on 1H to 6H time frames, depending on reasonable risk tolerance relative to account size.
There is an almighty squeeze in momentum in the last month after price has contracted into a powerful zone of support.
So - the big issue is South or North? There is tension in the air. Everybody know that something is about to happen! When is the big question for everybody. Well, we cannot predict the future.
For me it is about a strategy to catch BTC on the...
Today South Korea's Constitutional Court removed President Park Geun-hye from office over a graft scandal involving the country's conglomerates. Park becomes South Korea's first democratically elected leader to be forced from office, capping months of paralysis and turmoil over a corruption scandal that also landed the head of the Samsung conglomerate in jail. ...