DislikedI think its worth mentioning that some pairs should be left alone until the right time to enter.
Cable looks very attractive now for longs however overall bear momentum is still live and kicking.I will stand on sidelines until bear exhaustion.
That could be 45 or lower.My point is just because price is low now its no real reason to go long.It can go lot lower.
Trying to catch tops and bottoms are sure way to blow your account.
Wait if not sure.Jesse Livermore waited months for the right time to enter and when he did more then made up time sitting...Ignored
A lesson to learn is to know that it is not necessary to always have something on. I did quite well from the drop from 1.31 to 1.304 on the Euro and since i have not seen anything that has got me excited so i am sidelined.
Pound could easily go below 1.44. Would that be a good entry long, well yes historically but you may need to sit negative for a while as its also possible we see record lows.
Money never sleeps...