GU just reach my SL...
Cable Update (GBPUSD)
- #186,243
- Dec 7, 2009 11:56am Dec 7, 2009 11:56am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #186,247
- Dec 7, 2009 12:40pm Dec 7, 2009 12:40pm
- Joined Oct 2009 | Status: Trader | 1,342 Posts
agreed with u... waiting for entering long position when it break the pivot level...
wait for valid & confirmed signal.
currently price @1.6460 which is the 38.2% fib retracement from the last swing low from 1.6719 to 1.6310.
If the current candle closes under the 38.2% line we may see 1.6400 by 5:00 PM est.
and resuming the bearish trend.
also i noticed that an evening star cs performed on last 1hr cs...
maybe will continue bearish from this level (1.6465).....
So, im start to sell from this level with SL at pivot....
comment??
- #186,254
- Dec 7, 2009 1:31pm Dec 7, 2009 1:31pm
- Joined Oct 2009 | Status: Trader | 1,342 Posts
seems like bull lost his steam currently...
also i noticed that an evening star cs performed on last 1hr cs...
maybe will continue bearish from this level (1.6465).....
So, im start to sell from this level with SL at pivot....
comment??
I may think to short @1.6525 with SL @1.6560 at 3:30 AM GMT and hold it till london session open and look at the PA action to decide to continue holding or close the trade.
baseed on the following chart.
anyway good luck for you and for all.
If the pivot you mentioned @1.6515 so it is very easy to be hit at tokyo session.
I may think to short @1.6525 with SL @1.6560 at 3:30 AM GMT and hold it till london session open and look at the PA action to decide to continue holding or close the trade.
baseed on the following chart.
anyway good luck for you and for all.
Forgot to attach my chart..
here is my chart....
