Cable sell stops whacked… | Forex Factory

  • Cable sell stops whacked…

    From forexlive.com

    Just hit those stops down through 1.5640 to a day’s low of 1.5611. Same time EUR/GBP took out offers 0.8380 and triggered some model account stops. Offers now up ahead at 0. 8395/00 with a break there looking up at 0.8440. Cable’s got a bit of tech support at 1.5610/15 which is a 50% retracement of the recent 1.5230-1.5995 rally, then its down to 1.5530/35

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nikleon
Mar 12, 2012 10:03am
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i agree with the 50% week retracement , and i am waiting for a pullback at list of weeks close, i cant understant the other analysis ....
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Trader#ABA4
Mar 12, 2012 6:35pm
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I guess forexlive meant the price will continue down to 62.8 fibo after breaking the 50 % fibo, of course there is no guarantee of anything in trading. I think in case that is true we will see first a pullback to 1.5750-80 area before going down again. So I am long 1.5640, SL 1.5595

Quoting nikleon
i agree with the 50% week retracement , and i am waiting for a pullback at list of weeks close, i cant understant the other analysis ....
Reply
Trader#2F82
Mar 12, 2012 7:10am
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1.5530/35? nah nah- cable reverse support 1.5610- couple days 1.5800
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Trader#05A6
Mar 12, 2012 7:38am
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"then its down to 1.5530/35" - Sounds like a very definitive call there. Hire this man, he can tell the future.
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