Cable Update (GBPUSD)
or maybe due to the fact that Susan Boyle lost "Britain got talent"
that cracked me up!
On a serious note tho, I don't really know or care much about fundies. I just trade my charts.
Watch the crows on the 4 hourly & watch the mother of all bearish engulfing pattern forming on the daily.
So have fun shorting cable back to the abyss, just don't forget to lock in those profit my friend.
Good luck
On a serious note tho, I don't really know or care much about fundies. I just trade my charts.
Watch the crows on the 4 hourly & watch the mother of all bearish engulfing pattern forming on the daily.
So have fun shorting cable back to the abyss, just don't forget to lock in those profit my friend.
Good luck
.Any ideas where a good re-entry on a short might be? So far no pullback in sight, the bears have been relentless today! This is more to do with the dollar strengthening, you agree? Oil has had a similar fall.
If I had to choose, I'd say the pullback level is about the price we're at right now ( gold shaded triangle on the chart ) & probably pullback into the blue shaded resistance level. I wouldn't advise on going long from here on tho as the shift in bias now is clearly bearish.
Good luck to you
Thanks my friend. Am waiting for PA to at least close above the 5EMA on the 15min before even considering a short but so far its still heading south. Patience where are you? Looks like Queeny will have to put off her shopping spree in the US for a while still.
