Hi Fat_TOm,
I take it you are looking at the Cable(GBP/USD) daily chart? There is a very strong PPZ on the weekly that suggests we might see prices trade as low as 1.45 (if we are able to break this zone). There is also the weekly pin bar that should take us down to the 38.2 level, all things being equal...
I feel the market might just be pausing and might resume its next leg down soon.
MM
I take it you are looking at the Cable(GBP/USD) daily chart? There is a very strong PPZ on the weekly that suggests we might see prices trade as low as 1.45 (if we are able to break this zone). There is also the weekly pin bar that should take us down to the 38.2 level, all things being equal...
I feel the market might just be pausing and might resume its next leg down soon.
MM
DislikedHi folks,
First post on here so go easy
Anyone else seeing the small(ish) daily pinbar forming?
small S/R area - a reversal to the current short term trend back to the long term bullish trend?
thoughts?
Fat TomIgnored
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