DislikedHi Jon
i still see Cable as BULLISH......daily made another high, and weekly at Present Bullish...
there is news on GDP,you can wait and see how market absorbs the News,but remember there is a Holiday in US and UK on Monday,and its a Friday as well..
i would not be suprised to see 1.600 and its sitting at 38% FIBO level
bazIgnored
Ok, every dip on cable is being buying, maybe the market -as you say- is waiting for 1.60 key level for begins a correction, I don't like this PA, all my indi's from 5m to daily are OB, I don't trade that, maybe buying tops isn't a good idea, as you advice me, I'll be waiting to the next week for take a trade on cable.
Baz, what do you think about sushi pairs?
Take a look to this weekly LFXJPY chart:
The weekly bearish engulfing is working nicely, but candle of this week is like a bullish harami or something, what's your analysis for that?, I think the Yen is on uptrend yet (bearish on charts) IMHO.
Thanks!
Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."