Cable: Bids filled at 1.5360, technical support at 1.5290/70
The double-bottom is still the main feature on the 4-hourly (see chart) but the market is bearish at the moment so a test of a 61.8% retracement at 1.5290 and a prior pivot at 1.5270 looks feasible. I will be buying this dip as I attempt to build a medium-term long position.
Hi Sean,
What entry level you would you consider for selling EURGBP? I want to go short but 4h chart looks random. Thanks!
Agree Lam-Son, it does look random but 8600 resistance has held really well recently so makes sense to sell anywhere 8550/75ish?
Hi Sean,
I was thinking about your cable view, and started to build long GBP/CHF and EUR/CHF positions. Nothing big at the moment, just a teaser to keep me interested.
cheers,
Kirill