GBP crosses/Trade Ideas

Cable: Cheap day-trade idea

     As expected, Europe walks in and promptly unwinds whatever moves happen in Asia. Nevertheless there is a nice base forming on the short term charts, so a cheap day trade might be to buy cable at 1.5970 with a stop-loss below 1.5950, selling half at 1.6010 and keeping the other half open. Just a thought.

  1. Hi there,borrowed this idea but on EUR/USD with a S.L at 1.2730,no target in sight but shd be able to sell anywhere above 1.2780’ish.

  2. You are a life saver(promptly moved my S.L to1.2720).The thing with cable on most friday’s is that it behaves bitchy.I always try to avoid it.

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