DislikedHi mate - this is what I'm seeing - some pretty tough levels for price to get through now - I would not consider a long till at least most of them are goneIgnored
I do trade 2 ways-1 intraday and one looooog way as I am a lazy bastard ) and I have days when I really really don't feel like making money.I stare at the charts and I don't pull the trigger...either I am depressed either bored so those long trades will just save my reputation as trader )
for now I am on profit on the new longs as I opened them down at the bottom today with a TP 1.6240
the rest 1.6298...whenever it will come
I have 2 options in constantly think of
the cable will drop even more than this to as low as 1.5750 and if it brakes that one it moves south again...because my logic shouts in my brains that UK is half dead and for me working and living in a UK colony it's clear that the economy will not grow.....like too soon
from this analysis I deduct the cable will go to hell
on the other hand those old 9 wise BOE members keep trying to inflate it by pump
it happened with the JPY last year when they introduced 1000 billions on the market to inflate it for midlle term(2 weeks lasted this boom as I guess this movement was ordered by some big sharks)
so....gbp will go up there to this 1.63 level as well wich will be the 1000 pips mark a quite important one for traders
this is my opinion.no indies here only my logic and opened eyes to my colleagues and salary