Last week cable continued to drop to lower prices and I don't think cable has reached the target price yet. I expect a continued sell off to around 80% of the yearly range and possibly more. Retracements are expected and as long as we dont break any recent daily highs I will be looking for short opportunities. Fridays (17/5/19) daily equilibrium (50%) is a key...
In my previous idea I was short and looking to possibly go long at my target price. Looking at the strength of the selling activity on Cable I'm looking for more short opportunities until I see a strong shift to buying.
This is what I forcast for GBPUSD. Went short near 1.30 and expecting heavy selling to 1.29. A good 90% discount will be a very attractive price to buy at.
Following on from my previous short idea we saw price move to around the 1.3120 price level with around a 30 pip pullback. My focus is now on price action going into London session with possible bullish action turing bearish around the 1.3140/50 level. I'm eager to see how this plays out but as always patience and timing is required. I wish you all well with your...
Two possible scenarios I'm looking at to short GBPUSD. Currently we have an inside day where price has failed to make a higher high or lower low. Therefore scenario #1 would be a run on todays (12/9/18) and Tuesdays high reaching for liquidity before moving to previous lows, engulfing the past two days. Or #2 a simple move to previous lows. With the Bank of...
