Cable Update (GBPUSD)
yes i agree will not be so easy to take off and run... at least must clear the 5870 thing to go more up. but a move down would not be so good if below 5840. very tight range. what she should do is a straight move whole day up or nearly whole day. uhm way too much imo, but actually looks like that!
eheh
lets see
If it breaks through 59 it will probably go onwards to 5965 and above in my opinion, however I imagine there will be alot of sell orders at 5895-5905 which is around the 61.8 fib and we could even see 5730 area soon if 59 holds..
That being said, it might not even break through 5877.
i could be totally insane but:
if this is a bull flag (we see soon where price will breake) this is the kind of bullflags that appears at the very beginning of strong uptrends.
let's see
As posted last night - and also Good morning to all of my fellow traders.
Faller.
I think you're in the money...
Oh no, I don't know how to feel, my entry is just below your SL. Maybe there is a way we can BOTH win
well done!
On to plan "B".
Well done? Oh well, no entry, no loss I suppose. 1st rule of trading, try not to lose
i thought you said your entry was below my stop loss so meaning you were long lower... sorry i misunderstood
Yep it was yesterday at 5812, closed out at 5870. I just realised we look like we are playing out the same situation as 2 weeks back where we descended the mountain, then decided to climb it again, only this time we are at higher altitude
