Shorted this pair last night base off what my feeling of what is going to happen with the USD, however because I didn't like my chart I got out of the trade. However, now the chart agrees with my idea that the USD is going up in value I'm getting back in the trade.
With the USD Index looking like the a rebound and the pricing action it seems it is a good time to short cable.
With last nights economic numbers and what the chart says, this pair is due for a correction.
I'm thinking that this pair will resume it's normal downward trend now that it bounced back from resistance twice and is out of the triangle...
Cable had a good run last week, this week I am thinking that there are going to be some pull backs and with this pair I'm thinking that it is getting ready to drop hard.
Interesting how there was a spike up on this one. My thoughts here are that the USD Index is long over due to start heading north, and that this break from the down trend will die out soon.
Looking to get out of this trade and I believe the USD is going to bounce.
I'm thinking this pair is still going to fall some more.
I had a real nice run with two short positions that didn't make it to their target and I pulled out of the trade before it started to go bad. Anyhow, I am shorting again. Let's see How round two does.
I'm thinking that the USD Index will go down just a little bit more, and then go up.
Looking to Short this as soon as resistance lines are more self evident or when it closes lower twice on the four hour charts.
Looking for this pair to touch the bottom of the four hour wedge and then continue trend up. Looking to buy around 92.679
Really love this channel. I was going to be patient, but Monday looks busy and I don't want to miss it.
I'm thinking that this pair is going down to 1.08 eventually and then it will bounce back up. With this said, the Manufacturing Sales comes out tomorrow, and I'm thinking that some bad news might give me some quick profit, or perhaps another opertunity to short some more. Either way, I don't think the release will cause this pair to come out of it's channel.