Point to ponder next week for cable pair:

1. Long term trend still below 38.2% fibo line indicate the progression still to downside
2. Cable far away from upside direction=yellow line
3. Evening doji star formed at daily chart above

Story of the chart: cable haunted in the range 1.9722 to 2.0392 range breaking upper or lower range should accelerated the trial to the next target.Just waiting with 1more candle on monday,if price closing below 1.9877,the price should continue to turn lower around 1.9730 short term target,in case price close above 1.990 short term target should be in place around 2.0090.

Short term strategy: sell stop 1.9910 stop loss 1.9990,tp1 1.9880,tp2 1.9830 tp3 1.9730
buy stop 1.990 stop loss 1.9910,tp1 2.0030,tp2 2.0090 tp3 2.0130

Long term strategy:sell stop 1.9910 stop loss 2.0,tp1 1.9730,tp2 1.9660,tp3 1.9550
buy stop 2.0 stop loss 1.9910,tp1 2.0090,tp2 2.250 tp3 2.400

Dear all trader,

i will update my signal back after the first quarter session end,this week is the last week for the first quarter,also the last week in this month.The trading for this week have a high risk ,it's possible for big trader to take profit and we could not deny a very high volatile trading this week. The short term trend maybe change suddenly and i would like to stay out of the market till the next week,precious to protect our capital and waiting for the next quarter soon,wish everyones the best of best,take care and see you next week.The market always have been there,don't be hasty,be smart and take the chance properly;)

happy weekend everybody,oh my god we have high probability reversal signal for cable now,it's evening doji star candlestick pattern completed at cable weekly chart,suggest more pressure to the downside going ahead,let's determine the best entry to secure our position,in my sight,upside should limited below 2.0020 and just waiting cable to penetrate 1.9830 to accelerate our momentum to downside,there always have a risk while trading,take a simple rule rite,minimize your stop loss and maximize your profits:D

we never look a sign for cable to rise as long as 2.0030 hold,while weekly closing below 2.0 and 1.9950 we are looking the max potential target around 1.8875 in progress.The best entry should in place after 1daily candle close below 1.9830 to challenge toward 1.9330 low.Anyway trader all in all i prefer to sell the pound.Be alert with 1.9830,1.9740,1.9660.That's the 3point waiting for defending any strike to the bottom,have a fun and makes profit everyones,good luck;)

hi trader,hope everyone in a good condition and have an excellent achievement in trading;)
Today let's summary the important key level for pound,i just wanna take a whole point from the cable action at the chart above,in my view,cable have a 3point,1.9950 at the bottom,2.0180 at the middle and 2.0350 at the peak,currently i should say the uptrend still in progress,cable need to pass 2.0180 first to accelerate a rally,and 2.0350 would be a booster to the next potential upside target around 2.0450.meanwhile we could not deny the risk to downside,anyway i prefer to sell cable if price break the bottom level around 1.9950 first,if 1.9950 hold,i still believe we would see another peak higer than 2.0400 sooner or later.ok trader don't forget to minimize your risk while you trading,set stop loss to protect your capital and get the best entry.good luck;)

Wow,look like raining on the cable tomorrow,daily candlestick pattern show bearish engulfing pattern,anyway be careful because the confirmation with 1bear candle is needed to confirm the short term high has been place at 2.0397,cable should bounce back if price today hit 2.0350 above,but cable would test 2.0 psychology level if pass 2.0130 level,for secure your position just watch carefully 2.0130 and 2.0350 range,which one the cable broke we get in with the direction,downside target around 2.0 and upside target target around 2.0513 23november low.Don't forget to put your stop loss to protect our capital,see you then and good luck;)

cable still have no sign to the downside,look like rally still in progress toward 2.0450,i prefer to stand aside today since my target around 2.0350 was hit,in my sight,cable only have a reversal if the price today close below 2.0230,currently,when i looking back to my 4h chart,cable now haunting in the range 2.0240 to 2.0340,while the downside limited at 2.0230,this is a best chance to buy low,in case price continue hiking u could just buy stop around 2.0340 to 2.0350 to the potential target around 2.0450,don't forget to put 50pips sl because if price hit 2.0300 level,cable should retrace then landing around 2.0240 to 2.0230..so don't be hasty,watch out the minor range 2.0300 to 2.0340.get in for sell if price hit 2.0300 and u possible earn 50pips then buy if price hit 2.0340 u could get a big reward around 110pips,while there is no guarantee in market u should always care about your capital protection,do your best money management and get in the battle free with no worry at all.because u have the rule to enter or exit,smile when u got a reward and take your loses as an education for a biggest reward next.goodd luck and happy trading;)

what do you think about chart above?reversal or retrace?at this time this daily chart still not complete yet,but i just want to add more about the situation above,cable need to close below 1.9970 then we could declare the upside has completed in the nearer term,then if price still place above the range 1.9896 to 1.9970,the cable should rebounce anytime toward next upside target at 2.0345 first.the price would confirm to retry high after 2.0219 break out.then aggressive trader should buy while the price 1.9970 still hold with a stop loss below 1.9970.If you want a secure position u should waiting price to comfort above 2.0090 to 2.0130 zone first with a stop loss below 2.0090,just focus the support and resistance candlestick before,it is 1.9970,2.0090 and 2.0130,that is the key point to determine your position for entry buy or sell,anyway,be careful if price pass the 1.9970 level,it would slip toward 1.9896 and maybe till 1.9795.okay be careful,dont forget to put your stop loss.good luck and take care;)

The daily cable show a strong uptrend limited for a while when the daily closing price below 2.0170,then price need a pullback toward 2.0097 to 1.9970 zone first,in case price continue hiking till reach 2.0250 then another peak could be seen around 2.0318.while the dollar still injured with the recession and the uncertainty market still playing around,i don't believe any comfortable trend along this year,i would like to hit and run only,look back at the cable chart above,if price have a deeper correction till break 1.9970 then then short term top should place around 2.0215,my strategy just to place sell stop around 2.0090 toward 1.9970 with a tight stop loss,be careful price should rebounce around 2.0 to 1.9970 level.anyway good luck and haapy trading.feel free to give your opinion.tq;)

hello trader,

I see the shooting star reversal candlestick pattern formed at daily euro/usd chart,look like retracement possible happen to euro for two days or along week ahead,this situation favour to downside,while rsi shows overbought condition and heading lower,i prefer to sell euro along this correction time,but with the uncertainty market,i should alert for any possiblelity,for secure your position,i would like to recommend sell stop around 1.5270 toward my first target around 38.2% fibo retracement at 1.5063,my maximum target should place before the strongest support where the strongest resistance before around 1.4970,be curious for bouncing at this level.don't forget to place stop loss 50pips after your sell stop executed and always trailing your stop loss auto or manually,ok all have a best profit,be free to share your idea or leave the comment..thank's and good luck.