GBP

Hope your Week is going better than mine! Though my Swing Trades are all looking good and even the DOW swing short is still showing good profits despite this Week's 500 point rise, the 2 day trades I entered today left a lot to be desired! So I've had a scan through my watchlist and the following charts define those I consider most likely

The following analysis was intended to be a continuation of that detailed last Week in this post. Having entered a long position (1.6171)  today primarily based on that previous analysis I decided to run the ruler over Cable again, but this time findings are a little more mixed. By the end of this post it's possible I'll begin to have doubts about the probability of my long position delivering the result initially envisaged. Running through almost all time frames, I'll start with the smallest and work through.

Today hasn't been particularly good to me. All open swing trades are now red! AUD:NZD was +200 last Week, now showing -35 GBP:NZD was +120 within hours of entering the position, now showing -110 GBP:CHF was +140 when I got up this morning, now showing -45 on rumours of SNB raising the Euro Peg. Amazing how quickly things can change. GBP:CHF has suprised me the most as it looked incredibly bearish yesterday and I remember thinking it could be one