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 [...]
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
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From the desk of Tradergav.com
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:
About this tool
From the desk of Tradergav.com
This is daily chart of GBPUSD. What do you see?
From the desk of Tradergav.com
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
From the desk of Tradergav.com
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