Do what's right for you
Cable Update (GBPUSD)
Nothing new from Carney and from the data published as it's mixed so let's take the technical view here.
We are at the decision time area, break or one more push up from current levels.
If 1,6595 level holds then we should see a move up towards the daily pivot at 1,667 or 1,67 in extension and then continue to fall.
If 1,658-9 area is broken on a hourly basis atleas then we might see some red candles in the next days with bigger targets in mind but that's not something I'd trade at current stage. Most likely first up then down scenario from where we are at the moment.
We are at the decision time area, break or one more push up from current levels.
If 1,6595 level holds then we should see a move up towards the daily pivot at 1,667 or 1,67 in extension and then continue to fall.
If 1,658-9 area is broken on a hourly basis atleas then we might see some red candles in the next days with bigger targets in mind but that's not something I'd trade at current stage. Most likely first up then down scenario from where we are at the moment.
- #367,890
- Mar 11, 2014 6:29am Mar 11, 2014 6:29am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #367,894
- Mar 11, 2014 6:36am Mar 11, 2014 6:36am
- Joined Aug 2009 | Status: Technical fundamentalist | 2,202 Posts
Author of: For Pip's Sake! (Available at Amazon... :-) )
- #367,897
- Mar 11, 2014 6:41am Mar 11, 2014 6:41am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,113 Posts
- #367,898
- Mar 11, 2014 6:42am Mar 11, 2014 6:42am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
You're a bad man... bad I tell you.
but...
he had it coming
- #367,899
- Mar 11, 2014 6:42am Mar 11, 2014 6:42am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} in 6602 long
- #367,900
- Mar 11, 2014 6:45am Mar 11, 2014 6:45am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,113 Posts