Hey guys,
Since it is the start of a new month I'd thought I would post the monthly chart of cable.
Friday was the first of the month and was bought, breaching thursday's opening price.
In my opinion , price would have been sold at 1.57 if they wanted cable to fall further on Friday.
Clear daily breach of 1.5640 might change my mind next week.
Furthermore, please do not base your own trades on my opinions as I am only learning too, use your own discretion.
Would like to hear from those who are thinking of selling cable next week and their reasoning.
Thoughts anyone
Cheers Slim
Since it is the start of a new month I'd thought I would post the monthly chart of cable.
Friday was the first of the month and was bought, breaching thursday's opening price.
In my opinion , price would have been sold at 1.57 if they wanted cable to fall further on Friday.
Clear daily breach of 1.5640 might change my mind next week.
Furthermore, please do not base your own trades on my opinions as I am only learning too, use your own discretion.
Would like to hear from those who are thinking of selling cable next week and their reasoning.
Thoughts anyone
Cheers Slim