GBPUSD 120 pips, TP3 met

We had a nice, clean move in cable on September 24, 2010, reaching our take profit #3 level, totalling 120 pips.

The original signal we sent out:

Cable is in an uptrend as long as above 5500, possible short term target is 6000. Intraday: 5580-5600 is the important support to watch to keep the bullish view intact. Below here market is likely to push price towards 5500 strong resistance area. A break here ignites further falls. We recommend buying dips as long as above 5600 for 5700 & 5800.

LONG @ 5600, SL 5575, TP1 5670, TP2 5700, TP3 5750, TP4 5800.

LONG @ 5680, SL 5650, TP1 5700, TP2 5750, TP3 5800.

EURUSD 165 pips, TP2 met

Euro surges. The original signal we sent out:

Bulls are exhausted, pair has been trading in a triangle formation, downside held by 3035-3060 support area, upside by 3157-3120 trendline and 3100 psycho level. Immediate support comes in @ 3060 static with nearby 100 SMA on H1 & 21 EMA on H4. If these fail to hold, close position or close partially and look for a better buying opportunity at lower levels. Important resistance is a trendline coming from 3333-3158, pushing price down, this caused a doji yesterday. If it manages to hold today, expect price return to lower levels towards 3000. If it breaks, expect no mercy en route to 3400. Mind resistance @ 3333!
LONG @ 3160, SL 3140, TP1 3200, TP2 3325, TP3 3400.
SHORT @ 3100, SL 3120, TP1 3060, TP2 3040, TP3 3000.

EURUSD 80 pips, TP2 met

Euro soars, extremely strong bullish trend prevails. Long @ 3020, closed @ 3100. We're still keeping our bullish view on the pair, aiming @ 3200 & 3400 double bottom targets. The original signal we sent out:

Extremely strong bullish trend prevails, retracement didn't even reach 2930 area. Trendline from 2954 still holding price & keeping bulls alive. Break of this trendline support will send the pair back to 2920-30 support. If fails, look for more retracement towards 2880. Resistence @ 3000 (P), 3050 (R1), 3060, 3080 (R2), 3100. If price reaches these higher levels, look for minor retraces. You can (a) close postion, (b) close partially, (c) keep position and lock in profit at next support. We're still keeping our bullish view on the pair, aiming @ 3200 & 3400 double bottom targets.
LONG @ 3020, SL 2990, TP1 3060, TP2 3100, TP3 3200.
LONG @ 2930, SL 2870, TP1 3000, TP2 3200, TP3 3400.
LONG @ 2880, SL 2840, TP1 2920, TP2 3000, TP3 3200, TP4 3400.

EURUSD 160 pips, TP2 met

Euro rallied and we pocketed 160 pips, target price #2 reached. The original signal we sent out:

Yesterday pair entered overbought territory and Asian session has brought a minor retrace to 2845, 21 EMA on H1. Our bias is still to the north, we suggest buying dips as long as former top now support @ 2830 holds. If it fails, look for price to return to 2800-2780 levels. Reckon these will hold & send the pair back to the upside. Objectives are unchanged: 3000, 3200, 3400. Resistence @ 2920-30, Aug 12&18 tops. If price reaches these higher levels, look for minor retraces but keep longs as long as former support levels hold.
LONG @ 2840, SL 2820, TP1 2880, TP2 3000, TP3 3200, TP4 3400.
LONG @ 2800, SL 2770, TP1 2840, TP2 2880.