To me, the Cable buying during last session did not change the trend. Instead, I thought there might another opportunity for SHORTs? This is a text book pattern. Nothing fancy, let’s see how it works out. If the the breakout of the pattern realized, I am revising the downside target to around 1.6-ish, still in the zone support zone as mentioned in my last post.
What do you think?
Here is the …. CHART!
Some technical statistics
So how much downside of Cable are we looking at? Well, I am looking at 1.6130-1.6140. Make sense? What do you think?
Here is the…. CHART!
Some technical statistics here
This is 240 min chart of GBPUSD. I have no position at the moment, but I am a little bit bearish. Is it going to break down further? What do you think?
Here are some technical statistics:
This is daily chart of GBPUSD. What do you see?
This is the setup I am looking at the moment. Let’s see how it works out. I am looking at buying some GBPUSD should the price retrace and trade around 1.6450. And first target at 1.67.
Here is the …. CHART
Here is the trade I mentioned in Twitter this morning. I am Long GBPUSD. This is a short term trade which tries to capitalize from the positive divergence of indicators observed. Targeting around 1.6310. Let’s see how it works out.
Here is the ….. CHART!
