Went short for a quick scalp target 1.6212
It's just a matter of time before that support gives in to the pressure.
Nice job on your long trade, you got my "v" btw.
DislikedHi all - my first post on here although i have been reading and trading for a while.
I've been playing with cable for the past few days - i've had some ups and downs.........
Anyway the one thing that gives me some confidence in my current longs is the bounce off the 100 day EMA yesterday and today on my daily chart. Also when I look back to 13th October it did exactly the same and rallied on upwards 600 pips over the next 7 days. The 100 EMA seems to be pretty stong. Cable has also bounced from the 6180's several times over the past 2 months...Ignored
DislikedThanks mate, much appreciated!
PA bounced off the 61700 level twice creating double bottom on the 4hr chart (infact thrice). This had me thinking banks/brokers are making dodgy moves to the downside.
You might be right. Not that I've any doubt on your trades (never).
I see no one wants to buy cable, no dollar shorting either which leaves selling. Unless we see some news of uk company M&A . I do not see this guy climbing the mountain on it's own without it's buddy EU. Both will be bought at the same time.
I am in a Christmasy mood since...Ignored
Dislikedif price open below 1.6225 we may see 1.6160 However is a safe for swing to sell below 1.635Ignored